Bitcoin ETF · Bitcoin · CryptoSlate
Bitcoin’s $80,000 floor runs into Friday inflation test as ETF inflows lose momentum
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Bitcoin holds the $80,000 area, where Glassnode places the estimated average acquisition costs of US spot Bitcoin ETFs and publicly traded corporate treasuries, while ETF inflows slowed by 95.6% in a day.
Key facts
- From $80,000, the True Market Mean is 3% lower, and $87,500 is 9.4% higher; from the $81,500 ETF cost basis, $87,500 is 7.4% higher
- Farside Investors recorded $526.7 million in net inflows on Oct. 19 and $23.2 million on Oct. 20, with both sessions positive
- A close below $80,000 would put the $79,600 cluster first, and the $77,600 True Market Mean next
- Glassnode's Oct. 21 report shows the Oct. 15 selloff closing hourly near $80,100, briefly below its estimated ETF cost basis of about $81,500
Summary
01 Bitcoin's $80,000 support faces a Friday inflation test after US spot ETF inflows plunged 95.6% in a day, signaling weakening institutional demand. 02 Bitcoin trades near the $81,500 ETF cost basis and $80,200 corporate treasury average, raising concerns about another decline. 03 Hotter inflation expectations could pressure Bitcoin toward $77,600, while easing yields and renewed ETF buying may open a path toward $87,500. Farside Investors recorded $526.7 million in net inflows on Oct. 19 and $23.2 million on Oct. 20, with both sessions positive.