IBIT Exit & Mid-Size Gains

Bitcoin trades at $80,831 at about 05:00 UTC on October 24, 2026. That is 36% below its $126,156 all-time high and 0.33% below the October 23 close of $81,096. With the selloff covered in the October 23 Read on Bitcoin’s 60% share and the ETF reversal. Spot ETFs posted a second net outflow on October 23, led by IBIT, while CryptoQuant’s supply data shows coins still gathering in the 1 to 100 BTC range.

ETF Flows: IBIT Leads a Smaller Second Exit

U.S. spot Bitcoin ETFs recorded a second straight day of net outflows on October 23:

Source: DefiLlama ETF flow data, latest reported flow day October 23, 2026. The 7D window covers the five trading sessions from October 19 to 23.

• IBIT led the exit: IBIT lost $110.3M and FBTC $31.8M, while MSBT added $4.2M and ARKB and GBTC were flat. The $137.9M net outflow is about a fifth of the $635.6M recorded on October 22.

• The week still leans on IBIT: IBIT holds +$565.7M across the five days, more than the +$301.2M all-fund total, while FBTC, ARKB and GBTC sit negative.

• Below the slower pace: The five days averaged about $60.2M each, a Coinjuice calculation. That compares with roughly $86M a day from July 1 through October 21 in SoSoValue data cited by CoinDesk.

• October deeper in the red: The month stood at −$175.6M through October 22.

• Outside the funds: The Smarter Web Company announced on October 23 that it had bought 20 BTC at an average of £61,733 per coin, taking its holdings to 2,850 BTC, per its RNS announcement. The price paid sits below the company’s reported net average cost of £81,837 per coin.

Interpretation: The largest fund turned from the main buyer of the week to the main seller of the day, while the rest of the funds were close to flat. STS Digital’s Jeff Anderson told The Block the firm is watching $80K and $86K, the edges of the recent channel.

Bitcoin Supply by Coin Size: The 1 to 100 BTC Bands Keep Growing

CryptoQuant’s supply distribution groups every BTC by the size of the coin chunk holding it. Across 24 hours, 7 days and 30 days to October 23:

Source: CryptoQuant, UTXO supply distribution through October 23, 2026, with thanks to CryptoQuant for the data. Bands measure the size of individual coin chunks, not wallet or entity balances. The first row combines the bands below 0.01 BTC, and the last row combines everything above 10,000 BTC. 24h compares with October 22, 7 days with October 16 and 30 days with September 23. Coinjuice’s on-chain analysis also appears on Andrew’s CryptoQuant QuickTake profile.

Three things stand out:

• Mid-size balances lead: The 1 to 10 and 10 to 100 BTC bands added 39,549 BTC combined over 30 days, more than any single band. They added another 6,442 BTC in the 24 hours to October 23, a session in which price slipped.

• The largest chunks keep shrinking: Coins in 10,000+ BTC outputs fell by 36,824 BTC over 30 days, while the 1,000 to 10,000 band grew by 29,487 BTC. The two moves are largely offset, consistent with large holders or custodians splitting outputs. The October 21 Read on 10% a year and the $80K hedge flagged the same pattern.

• Smaller balances thin out: The 0.01 to 0.1 and 0.1 to 1 BTC bands shed 9,794 BTC combined over 30 days, a Coinjuice calculation.

ETF flows turned negative again, led by IBIT, while coins moved into mid-size balances. UTXO bands cannot separate internal wallet moves from changes in ownership, so the table shows where coins sit, not who bought them.

Technicals: BTC Sits at Its 3D Average, Below the Daily Ones

Source: DefiLlama data, including the live October 24 bar at about 05:00 UTC; RSI-14 from the completed October 23 daily candle. EMA and MACD values depend on seeding and indicator settings, so other platforms will show slightly different figures.

Simple Moving Averages Across Timeframes

Source: Simple averages calculated on CryptoQuant daily closes (all exchanges, BTC/$spot) through October 23, 2026. 3D bars are grouped from a fixed calendar anchor, so other platforms may differ slightly. For technical analysis from a wide array of analysts, see the CryptoQuant QuickTake community.

• At or just under the 3D average: The October 23 close sat 0.02% above the 3D 20-period average, and the 05:00 UTC price of $80,831 sits about 0.3% below it. The exact level depends on how 3D bars are grouped, so the price is at the average rather than clearly holding it.

• Daily averages lost: The close sat 2.12% below the 20-day and 0.85% below the 50-day average, with the Bollinger position near the lower band.

• Weekly gap still open: The 20-week average remains below the 50-week. The weekly readings update after the October 25 close.

Readers tracking the 3D average and the $80K line can apply the steps in Coinjuice’s beginner’s framework for reading charts.

Coinjuice Lens: Bitcoin Ownership

Across the October 21 to 23 editions, ETF demand moved from a three-session run of inflows to two sessions of outflows. The supply data moved one way across the same stretch: coins flowed into the 1 to 100 BTC bands and out of the largest and smallest chunks. ETF flows turned negative again, led by IBIT, while coins moved into mid-size balances.

The next tests are the Fed decision on October 28 at 2:00 PM ET and the release of third-quarter GDP and September PCE inflation on October 29 at 8:30 AM ET. Treasury companies face a separate date on November 11. That is when MSCI is due to publish its final list of affected companies, ahead of the rule taking effect at the close of November 30, per press coverage of MSCI’s announcement. Coinjuice’s analysis of what MSCI index removal could mean for Strategy sets out what is at stake.

Readers looking to prepare for a test of the $80K line can start with the Coinjuice ebook, Bitcoin Trading Without Leverage, now 15% off with the code TRADE15OFF, or go deeper with a Coinjuice subscription, currently 30% off the annual plan, where we start and complete trades and you will learn to snipe them independently.

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News Behind Today’s Read

• Bitcoin ETFs swing back to net outflows as $636 million in withdrawals erase previous day’s inflows (The Block). Source for the +$442.7M four-session total, the daily figures behind it and Jeff Anderson’s view of the $80K to $86K channel.

• The Smarter Web Company PLC: Bitcoin Purchase (Investegate RNS). Primary source for the 20 BTC purchase, the £61,733 average price, the 2,850 BTC holdings and the £81,837 net average cost.

• UTXO Supply Distribution and BTC/$daily closes (CryptoQuant). Source for the coin-size bands and the daily closes behind the moving averages.

Continue the read: Oct. 23 · Oct. 22 · Oct. 21

Market Snapshot

Prices as of about 05:00 UTC, October 24, 2026. Prices, ETF flows and technical readings come from DefiLlama. Moving averages and supply bands come from CryptoQuant, and macro dates from the Fed and BEA release calendars. The weekly ETF total (The Block) and the MSCI dates are as reported and not independently verified.

This article was developed with the support of artificial intelligence tools as part of Coinjuice’s editorial process and reviewed by our editorial team before publication.

Disclaimer
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