{"id":14700,"date":"2026-10-20T12:30:50","date_gmt":"2026-10-20T12:30:50","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14700"},"modified":"2026-10-20T12:30:50","modified_gmt":"2026-10-20T12:30:50","slug":"bitcoin-fell-1-3-while-nasdaq-100-lost-5-5-in-last-weeks-tech-selloff","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14700","title":{"rendered":"Bitcoin fell 1.3% while Nasdaq-100 lost 5.5% in last week\u2019s tech selloff"},"content":{"rendered":"

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Bitcoin lost less than the Nasdaq-100 in last week’s tech selloff. Hedge funds cut technology positions at the fastest pace since at least 2016 over the five trading sessions through Oct. 15, according to a report citing Goldman Sachs prime brokerage data.<\/p>\n

The Nasdaq-100 fell 5.49% from its Oct. 9 close of 30,883.15 to 29,187.55 on Oct. 16. Bitcoin fell about 1.27% over the same dates on UTC daily closes, from $82,546.32 to $81,500.80.<\/p>\n

Goldman’s note shows global equities net sold at a pace two standard deviations beyond the prior year’s flow distribution.<\/p>\n

Semiconductors took the largest dollar selling, and technology posted its largest reduction in gross positions in two months. Technology accounts for 23.5% of net allocation in Goldman’s global prime brokerage book, in the 90th percentile of the past five years, and hedge fund net leverage fell to a one-year low of 48.6%.<\/p>\n

The Bitcoin comparison is preliminary because a UTC close sits four hours from the Nasdaq’s 4 p.m. ET close in October. The difference between these returns is about 4.22 percentage points.<\/p>\n

US spot Bitcoin ETFs took in a net $1.72 billion from Sept. 21 through Oct. 16, according to Farside Investors data.<\/p>\n

The last two weeks gave back part of that, with net outflows of $678.9 million in the week to Oct. 9 and $228.4 million from Oct. 12 to Oct. 16. Together they equal about 35% of the $2.63 billion that arrived between Sept. 21 and Oct. 2.<\/p>\n

Bitcoin’s relative strength came in a week of net redemptions, inside a four-week net inflow. The flow picture improved on Oct. 19: US spot Bitcoin ETFs attracted a net $526.7 million, led by $665.2 million into IBIT.<\/p>\n

What derivatives show<\/h2>\n

CFTC data shows leveraged funds cutting net short exposure in Bitcoin futures by 1,008 contracts, 14.71%, in the week to Oct. 13. Gross shorts fell by 1,219 contracts and gross longs fell by 211, which describes position reduction through closing shorts.<\/p>\n

Net shorts remained at 5,844 contracts, equal to 29,220 BTC, and CME open interest fell 3.17%. The Oct. 13 snapshot predates the Oct. 14 to Oct. 16 equity selloff, and short covering as a cause of Bitcoin’s relative strength remains a hypothesis.<\/p>\n