Bitcoin's $80,000 floor faces Friday inflation test as ETF inflows stall
- —Spot Bitcoin ETF inflows fell from $526.7 million on Oct. 19 to $23.2 million on Oct. 20
- —Estimated ETF cost basis is about $81,500; corporate treasuries average near $80,200
- —Overhead supply sits at $85,000–87,500, with a liquidation cluster near $79,600
- —94 of 100 economists polled by Reuters expect the Fed to hold rates on Oct. 28
Why it matters: A close below $80,000 opens the door to $77,600, while softer inflation and renewed ETF buying could lift Bitcoin to $87,500.
Source: CryptoSlate