Scan with your phone to get the appBitcoin faces a second straight losing October as US spot demand weakens.
Bitcoin fell from about $83,600 at the end of September to $79,200, then recovered to $81,500, leaving the October outcome undecided with three days left. A negative close would mark the second consecutive losing October after five years of gains.
CryptoQuant data shows U.S. spot demand staying negative since Oct. 14, with an estimated shortfall of roughly 76,000 BTC by Oct. 25. The Bull Score dropped from 90 to 60, indicating weakening buying pressure despite six of ten indicators remaining bullish.
U.S. spot Bitcoin ETFs attracted $176 million on Oct. 27 (BlackRock’s IBIT $151.5 million, Fidelity’s FBTC $24.5 million), after withdrawals of $773.5 million on Oct. 22‑23. Key support levels cited are the 365‑day moving average near $77,585, the realized price around $74,041 and the 200‑day average near $73,028.
Summary rewritten by AI from the original article by crypto.news.
BTC price around the news
Dashed line: news time ($81,495.39) Now: $81,690.98 +0.24%
Related coins
BTCBitcoin
$81,691.00
+1.12% 24h
+0.24% since the news
Set a price alert
Read the original on crypto.news ↗
Get notified of important news
News with a price impact of 75/100 or more, and news from 60/100 about coins in this device's watchlist (☆). At most 6 per day; tapping opens the summary on our site.
Summary and rating written automatically by the AI of CoinXview from the original article; it may be incomplete or wrong — read the original for details. Not investment advice.