Key Takeaways
- • Bitcoin hovered near $80,000 in late October 2026 despite renewed Bitcoin ETF inflows totaling over $423 million, according to the primary source.
- • The Federal Reserve held interest rates steady at 3.75–4% but signaled possible future hikes, adding uncertainty that weighed on crypto markets.
- • Bitcoin faces key support at $77,000 and resistance near $83,000; a break above resistance could target $85,000, while a breakdown could push prices to $75,000 or lower.
- • A $342.25 million crypto liquidation event over 24 hours mainly hit Bitcoin and XRP longs after the Fed's rate decision, with Bitcoin dropping to $79,988.
- • Ethereum spot ETFs recorded $170.21 million in outflows over three days ending October 28, signaling softening institutional demand for ETH.
Summary
Bitcoin's price has hovered around $80,000 despite renewed inflows into Bitcoin spot ETFs totaling over $423 million in late October, according to the primary source. The move reflects a tug-of-war between institutional demand and macroeconomic uncertainty. The Federal Reserve's decision to keep interest rates steady at 3.75–4% while signaling possible future hikes has weighed on crypto markets, and the rate pause was followed by a $342.25 million liquidation event over 24 hours that primarily affected Bitcoin and XRP long positions. Bitcoin fell below $80,000 to $79,988 during that session.
Technically, the article identifies $77,000 as key support and $83,000 as resistance. A sustained break above resistance could open a path toward $85,000, while failure at support risks a decline to $75,000 or lower, driven by macroeconomic factors and selling pressure. Related market data points to fading momentum: Bitcoin's volatility has dropped to around 25%, approaching levels last seen in July 2023, and short-term holders' unrealized profits have shrunk from 20% to 5.5%, reducing upward momentum, per a separate market analysis.
Flows across the broader market were mixed. Ethereum spot ETFs saw withdrawals totaling $170.21 million over three days ending October 28, even as Bitcoin ETFs attracted fresh capital, underscoring a divergence in institutional positioning across major digital assets. Open interest in perpetual futures for Bitcoin, Ether, Solana, XRP and Dogecoin declined as of October 29, with Dogecoin posting the largest drop at 2.37%, though long positions still outnumbered shorts across all five.
Pluang's platform data as of October 29, 2026 shows BTC trading at Rp1.482.938.416 with a 1-day gain of 1.24%, and 74% of orders favoring buys, with a typical hold time of 112 days. These retail indicators contrast with the cautious macro tone of the primary article but suggest sustained conviction among certain investors despite near-term uncertainty.
Technically, the article identifies $77,000 as key support and $83,000 as resistance. A sustained break above resistance could open a path toward $85,000, while failure at support risks a decline to $75,000 or lower, driven by macroeconomic factors and selling pressure. Related market data points to fading momentum: Bitcoin's volatility has dropped to around 25%, approaching levels last seen in July 2023, and short-term holders' unrealized profits have shrunk from 20% to 5.5%, reducing upward momentum, per a separate market analysis.
Flows across the broader market were mixed. Ethereum spot ETFs saw withdrawals totaling $170.21 million over three days ending October 28, even as Bitcoin ETFs attracted fresh capital, underscoring a divergence in institutional positioning across major digital assets. Open interest in perpetual futures for Bitcoin, Ether, Solana, XRP and Dogecoin declined as of October 29, with Dogecoin posting the largest drop at 2.37%, though long positions still outnumbered shorts across all five.
Pluang's platform data as of October 29, 2026 shows BTC trading at Rp1.482.938.416 with a 1-day gain of 1.24%, and 74% of orders favoring buys, with a typical hold time of 112 days. These retail indicators contrast with the cautious macro tone of the primary article but suggest sustained conviction among certain investors despite near-term uncertainty.
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