U.S. spot Bitcoin ETF demand has weakened sharply after a nine-day net-inflow streak totaling $3 billion. Daily demand fell from nearly $1 billion to $31 million on Monday, representing a 96% decline in institutional appetite. CryptoQuant analyst JA Maartun said Bitcoin ETF demand is cooling rapidly as short-term holders sent about 45,000 BTC to exchanges, including roughly 45,054 BTC in 24 hours, adding potential sell-side supply. Macro pressure, including high U.S. yields, helped push Bitcoin from $87,000 to below $84,000. The market is now focused on the Non-Farm Payroll report expected Friday, 2nd October, ahead of the late October FOMC meeting. FedWatch data put the odds of another 0.25% rate hike at 42% and a rate pause at 57%. Options positioning on Deribit showed call-heavy open interest at $90,000, $95,000 and $100,000, indicating that some traders are positioned for a recovery, although the labor data could determine whether Bitcoin advances or moves lower.