News
Bitcoin holds $81.5K twice as US spot ETF outflows total $452M in October
Bitcoin held around $81,500 twice in a week, according to Glassnode data. US spot Bitcoin ETFs saw net outflows of about $452 million in October, including a $484.9 million daily outflow on October 7, the largest since June. Bitcoin traded at a discount on Coinbase for 19 consecutive days, a gap linked to selling by US institutions. CryptoQuant founder Ki Young‑Ju said the bear cycle may be over, citing exhausted sellers and new money inflows. Bitfinex expects the price to stay between $81,300 and $84,500 this week, with a move above $84,500 potentially targeting $87,722.