Key Takeaways
- • Bitcoin ETF net inflows fell 96% on October 20, 2026, from $526.7 million to $23.16 million, according to Pluang.
- • BlackRock's iShares Bitcoin Trust still attracted $29.86 million in inflows on the same day, while Bitwise recorded withdrawals.
- • Glassnode identifies resistance near $87,700 for Bitcoin, with $85,000 as a reclaim level and $80,000–$81,500 as key support.
- • The sharp drop in new capital ahead of the Federal Reserve's upcoming rate decision reflects heightened market uncertainty.
Summary
Bitcoin spot ETF inflows plunged 96% on October 20, 2026, falling from $526.7 million to $23.16 million, according to Pluang. The decline in new capital inflows raises questions about the near-term recovery potential of Bitcoin, which has been supported by institutional ETF demand.
BlackRock's iShares Bitcoin Trust continued to attract buying, recording $29.86 million in inflows on the day. Fidelity recorded minor inflows, while Bitwise experienced withdrawals, limiting the overall net gain across the category.
On the technical side, Glassnode has identified a key resistance level near $87,700. Pluang reports that Bitcoin must reclaim $85,000 and break through that resistance to target $90,000. Conversely, a loss of support in the $80,000–$81,500 range could lead to further downside.
The Federal Reserve's upcoming interest rate decision is adding to market uncertainty, according to the report. Pluang's market snapshot as of October 21, 2026 at 20:33 WIB showed 43 of the 50 major cryptocurrencies rising and 6 falling, with XLM up 4.93%, BCH up 4.68%, and XTZ up 4.55%.
BlackRock's iShares Bitcoin Trust continued to attract buying, recording $29.86 million in inflows on the day. Fidelity recorded minor inflows, while Bitwise experienced withdrawals, limiting the overall net gain across the category.
On the technical side, Glassnode has identified a key resistance level near $87,700. Pluang reports that Bitcoin must reclaim $85,000 and break through that resistance to target $90,000. Conversely, a loss of support in the $80,000–$81,500 range could lead to further downside.
The Federal Reserve's upcoming interest rate decision is adding to market uncertainty, according to the report. Pluang's market snapshot as of October 21, 2026 at 20:33 WIB showed 43 of the 50 major cryptocurrencies rising and 6 falling, with XLM up 4.93%, BCH up 4.68%, and XTZ up 4.55%.
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