Markets· ★★★· bearish·

Glassnode: Bitcoin stuck below $85K as ETF inflows fade

  • —Two-week net ETF inflows total just $67M after the $540M outflow on October 22
  • —Long-term holders own about 4M BTC bought between $85K and $118K
  • —The $84K–85K band has rejected Bitcoin four times this year
  • —One-month realized volatility has fallen to about 25%, matching summer 2023
Why it matters: Weak ETF demand and resistance at $85K cap BTC upside ahead of the Fed's October 28 decision.
#BTC
Source: Bitcoin Insider
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