Bitcoin tests $80K as analyst Cohen warns of deeper bearish scenario
- —Weekly close below $83,000 would strengthen the bearish case for the rest of 2026
- —Longs made up $91.19 million of $95.12 million in liquidations
- —Average US corporate BTC purchase price is estimated near $80,000
- —US spot bitcoin ETFs saw about $322 million in outflows on Oct. 22
Why it matters: A break below $80,000 would push average corporate BTC holdings into losses and could add selling pressure ahead of the US midterms and the Fed meeting.
Source: BeInCrypto JP