Bitcoin’s $80,000 floor faces Friday inflation test as ETF inflows lose momentum
Summary
Bitcoin is holding near $80,000, close to estimated average purchase prices for spot ETFs and public-company treasuries. ETF inflows remained positive on Oct. 19–20 but fell sharply day over day; longer-term ETF trading volume and corporate buying are also subdued. Glassnode identifies resistance around $85,000–$87,500 and support near $79,600 and $77,600. Upcoming US inflation, business activity and consumer-expectations data, alongside Treasury yields and the dollar, may influence demand ahead of the Fed’s Oct. 28 decision. Stronger inflows and easing rate pressures could support a move higher, while hotter data and negative flows could put $80,000 support at risk.
