Markets· ★★★· neutral· October 29, 20:03

Glassnode: Bitcoin echoes 2023 pattern but with weaker momentum

—Most of the October 19 spot ETF inflow was withdrawn by October 29
—The $84,000–$85,000 range has capped BTC gains four times in 2026
—BTC slipped below the average purchase price for spot ETF investors
—Bitcoin volatility has fallen to summer 2023 levels

Why it matters: Weakening ETF demand and selling pressure from break-even holders could keep BTC range-bound until a fresh catalyst emerges.

Source: Bithub

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