Security· ★★★★· bearish·

Weekly recap: Bitcoin slides to $80,400 as Ledger probes $86M wallet theft

  • —Bitcoin dropped to $80,400, down 1.78% on the week; Ethereum fell 6.23% to ~$2,500
  • —Daily liquidations topped $1 billion on October 9, with $862 million in longs
  • —Spot Bitcoin ETFs saw $681 million in weekly outflows; Ether funds lost $542 million
  • —Ledger is investigating losses among CryptoBilis buyers, with damage estimated at $86 million
Why it matters: The Ledger incident undermines trust in hardware wallets, while weak US demand and ETF outflows keep Bitcoin pinned near key support.
#BTC#ETH
Source: ForkLog
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