bitbank: Bitcoin pressure stems from AI-investment fears, not the Fed
- —BTC fell from $87K to $78K in October; $340M in crypto liquidations on Oct. 29
- —Alphabet dropped 12.6% and the Nasdaq lost 1.4% on doubts over AI capex returns
- —US spot bitcoin ETFs drew about $420M in net inflows from Oct. 26 to 28
- —The Fed held rates at 3.75–4.00%, with two members favoring a 25bp hike
Why it matters: A prolonged AI-led tech selloff could push BTC below $75K, while stabilizing equities and steady ETF inflows could help it reclaim $80K.
Source: CoinDesk Japan