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Bitcoin holds near $80,000 as US spot ETF inflows sharply slow
Bitcoin is trading around $80,000, close to the average acquisition cost of US spot Bitcoin ETFs and corporate treasuries, according to Glassnode. ETF net inflows fell from $526.7 million on Oct 19 to $23.2 million on Oct 20, a 95.6 % drop in one day. The combined inflows for the two days total $549.9 million. Upcoming US data include a $26 billion five‑year TIPS auction, flash PMIs and the final University of Michigan inflation expectations, ahead of the Fed’s Oct 28 policy meeting. Analysts note that Bitcoin’s price is near institutional cost bases and that the next day’s economic releases will test market resilience.