Why has #BTC been weak in Oct? 👀 Galaxy Research data shows that as of Oct 18, long-dormant bitcoin:native—coins untouched for over five years—has re-entered the market this year at a scale roughly 127.3K bitcoin:native larger than the combined total of spot ETF net inflows and corporate treasury purchases. Two main sources of pressure👇 📉 Corporate treasury buying has slowed 📤 Spot #BTC #ETFs flipped to net outflows in October Year-to-date net inflows into U.S. spot #BTC #ETFs sit at only about $355M—still a limited capacity to absorb supply. If old coins keep hitting the market and institutions aren’t stepping up their buying, who fills the demand gap?