Bitcoin Price Prediction as ETF Outflows Hit Highest Level Since June Amid Strengthening Dollar

Bitcoin (BTC) price is down 1.5% today, October 8, to trade at $82,492 at the time of writing. This drop coincides with rising outflows from spot BTC ETFs as the crypto market’s sentiment weakens.

The dip also coincides with a rise in the value of the US dollar to a multi-month high following the hawkish tone observed in the recently released FOMC minutes.

BTC ETFs Record Highest Outflows Since June

Data from SoSovalue shows that there were $487 million in outflows from Bitcoin ETFs on October 8. This marks the highest outflows seen by these products since late June 2026.

The BlackRock Bitcoin ETF recorded the highest share of the outflow at $207 million, while Fidelity’s BTC ETF recorded an outflow of $105 million.

Still, Bitcoin ETFs were not the only ones in the red because all altcoin ETFs besides NEAR and Litecoin recorded either outflows or zero inflows.

The outflows surged after the release of FOMC minutes on October 7, which revealed that most Federal Reserve officials are leaning towards another rate hike in 2026.

Bitcoin Price Weakens as Dollar Index Hits 18-Month High

The US dollar index (DXY) has risen to above 102 for the first time since April 2025. The surge comes as markets anticipate another Fed rate hike in 2026.