Despite weakening market sentiment and continuous fluctuations in Bitcoin prices, the US spot Bitcoin ETF remained in a net outflow of funds throughout October, however, there was a rebound on Monday.

According to SoSoValue data, US-listed spot Bitcoin exchange-traded funds (ETF) resumed net inflows on Monday, with a net inflow of $110 million that day, reversing a total outflow of $774 million over the previous two trading days.

However, despite a rebound on Monday, as of Monday, October still recorded a net outflow of approximately $202 million overall.

At the time of publication, Bitcoin was trading at $79,595. According to CoinGecko data, Bitcoin has fallen by 2.6% over the past 7 days.

Market sentiment has also weakened. The "Fear and Greed Index" for cryptocurrencies has dropped from 50 the previous day to 48, but it remains in the "neutral" range.

CryptoQuant data also shows that retail investors are transferring more Bitcoin to Binance, while large traders have reduced their deposits.

Analyst Darkfost wrote on CryptoQuant that in the past 30 days, the amount of Bitcoin transferred to Binance by retail investors has almost doubled to $10.8 billion, while the deposits of large investors have dropped to $3.8 billion. Darkfost believes that smaller investors may be seeing the recent price rebound as an opportunity to sell.