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News · Oct 24, 2026 · 4 min read

Bitcoin today: ETFs lose $636 million and bitcoin slips to $81,000 as the 10-year yield falls

US spot bitcoin ETFs gave back more than the previous day's inflows, bitcoin closed at its lowest in 30 days, and the 10-year Treasury yield had its biggest one-day fall since August 2024. Here is what happened in the last 24 hours, and what it does for a miner.

Firsthand card: "Bitcoin today: ETFs lose $636 million and bitcoin slips to $81,000 as the 10-year yield falls"

US bitcoin ETFs lose $636 million in a day, more than they took in the day before

US spot bitcoin ETFs had net outflows of $635.6 million on Thursday 22 October, the largest in a day since June, The Block reported. It more than reversed the $528.4 million they took in on Wednesday. BlackRock's IBIT lost $254.1 million, Fidelity's FBTC $217.5 million and ARK and 21Shares' ARKB $109.4 million. Morgan Stanley's MSBT was the only fund to take money in, with $2.3 million.

The swing from one day to the next was $1.16 billion, the biggest between two consecutive trading days in our ETF flows record since the funds launched in January 2024. On Friday outflows continued at $137.9 million, according to SoSoValue figures reported by Bloomingbit, with IBIT again the largest.

Bitcoin closed at $84,018.76 on Thursday and $81,315.73 on Friday, down 3.2% and its lowest close in 30 days. Glassnode estimates the funds' holdings were bought at an average price of about $81,500, CryptoSlate reported, using data to 19 October. In our live reading bitcoin was at $80,733 on Saturday morning.

Chart: Net flow into the US spot bitcoin ETFs every trading day since 1 October. Wednesday's $528 million is the last green bar before Thursday's red one. Open the chart

About $406 million of crypto positions liquidated in 24 hours

CoinGlass counted about $406 million of crypto futures positions liquidated over the 24 hours to Friday morning, across 89,596 traders, crypto.news reported. Other trackers put it higher: CryptoTicker cited $431 million of longs on CoinGlass and $455 million across 102,764 accounts. The figures differ because providers cover different exchanges and different windows.

Our own series counts bitcoin futures only. It shows $134 million of longs closed on 22 October and $81 million on 23 October, against $4 million and $13 million of shorts. The liquidations chart has the daily history.

The 10-year yield falls 17 basis points in a day

The 10-year Treasury yield fell from 5.13% to 4.96% on Thursday, and the 30-year from 5.42% to 5.29%, according to the Treasury's daily par yield curve. On Friday they were 5.00% and 5.33%.

A 17-basis-point fall is the biggest one-day drop in the 10-year in our yields series since 2 August 2024, when it fell 19. Bitcoin rose 1.3% that Thursday and fell 3.2% the next day, so the two did not move together over the 48 hours.

The Fed meets on 27 and 28 October

The next meeting of the Federal Reserve's rate-setting committee is on Tuesday 27 and Wednesday 28 October, according to the Fed's calendar. It is not one of the meetings that comes with a new set of economic projections. The 10-year was at 5.31% on 5 October, its high of the year in our series, and is at 5.00% going into the meeting.

What it means for miners

Flows into funds move the price, and the price is one of the two things that set what a machine earns. The other is difficulty, which stepped up 5.9% on 16 October, the third-largest retarget of 2026 in our record. Hashprice was $36.53 per petahash per day on 23 October, within 20 cents of the $36.33 on 17 October that is its lowest since August.

The cost side did not move. On the 8.9 J/TH Antminer S23 XP Hyd, electricity at Nigeria's 3.9¢ makes a bitcoin for about $17,939, 22% of its $80,733 price on 24 October. For a miner who keeps what the machine produces, the coins mined this week are the same coins whatever the funds did on Thursday. Output depends on difficulty and price and is never guaranteed. The piece on the 30-day price range shows how difficulty, not the price, set a petahash's pay this month.

Hashprice sits within 20 cents of its lowest since August. A coin on the best machine costs about a fifth of its price to make.

Sources and further reading

Disclosure

Firsthand Bitcoin sells and hosts mining hardware, including this machine. No manufacturer, distributor or affiliate programme paid for or reviewed this page and we take no commission on the links above. Historical figures are computed from daily bitcoin price and network hashprice, each day valued at its own prices. Nothing here is investment advice.