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Bitcoin trades near USD 82,372 after defending the USD 80,000 zone.
Spot Bitcoin ETFs recorded USD 487.07 million in net outflows.
A US government wallet moved 12,267 BTC, adding to supply watch.
Bitcoin trades near USD 82,372 after touching USD 80,316 earlier in the session. Buyers defended the USD 80,000 zone.
Spot Bitcoin ETFs recorded USD 487.07 million in outflows, and nearly USD 1 billion in leveraged positions were liquidated. Oil near USD 105 and a 24-year high Treasury yield kept risk appetite thin.
Bitcoin trades at USD 82,371.54, down 0.6% in the past 24 hours, according to CoinGecko. Its market capitalization stands near USD 1.66 trillion, with 24-hour volume around USD 40.78 billion.
Below is today's quote roundup from leading crypto desks on Bitcoin's near-term structure.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin hit USD 80,400, its lowest since September 21, before recovering. Support has moved to USD 80,000, with resistance at USD 85,000.
Nischal Shetty, Founder of WazirX, said a hold at USD 80,000 could lift Bitcoin toward USD 82,800. A failure may open USD 77,000, near the 50-week moving average.
Piyush Walke, Derivatives Research Analyst at Delta Exchange, said the USD 82,000 to USD 83,000 zone acted as resistance in May and September. The next major support lies between USD 78,000 and USD 79,000.
Also Read: Bitcoin-Backed Loans Grow as More People Borrow for Daily Expenses
Vikram Subburaj, CEO of Giottus, flagged USD 81,000 as the immediate level. He suggested staggered purchases and low leverage until Bitcoin reclaims USD 83,300.
Source: CoinGecko, prices as of today's session.
Zcash led the decline with a 6.0% drop, followed by Solana at 5.0% and Dogecoin at 4.2%. BNB lost 3.8% and Ethereum 3.0%, while stablecoins held flat near USD 1.
US spot Bitcoin ETFs shed USD 487.07 million in net outflows, according to SoSoValue. BlackRock's IBIT led the exits with USD 207.67 million, while Fidelity's FBTC lost USD 105.15 million. Mudrex called it the heaviest withdrawal since late June.
Ether funds also lost USD 160.8 million, according to WazirX. Fresh withdrawals could cap any bounce, so traders now treat daily fund flows as a live read on institutional appetite. Steady inflows would signal that demand is returning.
Arkham data shows a US government wallet holding Bitfinex hack funds moved 12,267 BTC on October 8. The transfer was worth about USD 1.01 billion. Earlier moves sent more than 6,200 BTC to Coinbase Prime.
Large wallet movements often revive supply worries among traders. CoinDesk reported no sign of a sale so far, which keeps the focus on exchange inflows. Any deposit to a trading venue would raise selling concerns.
President Donald Trump said the US would not strike Iran before the November 3 midterm elections. Bitcoin recovered above USD 81,000 after the remark, according to Delta Exchange.
Oil still spiked toward USD 105 during the session, according to Mudrex. Brent rose 4.1%, per BitDelta India, which keeps inflation worries alive. Traders will watch US and Iran negotiations for the next signal on risk assets.
JPMorgan estimates that about USD 50 billion has flowed into crypto this year. The figure is roughly half of last year's pace. ETF inflows have strengthened since August, which supports a positive fourth-quarter outlook, according to the bank.
The estimate offers a counterweight to recent fund outflows. Institutional demand has not vanished, though daily flow data remains choppy. Bitcoin needs steadier inflows to turn that bank view into price support.
Bitwise will stop trading its Dogecoin ETF after October 14. The fund holds just USD 726,000 in assets. Dogecoin trades near USD 0.0851 and has fallen 4.2% in the past 24 hours.
By contrast, Bitwise's Solana Staking ETF manages USD 1.3 billion. The gap suggests investors prefer tokenization-linked bets over meme assets. Solana still slipped 5.0% today, so flows alone have not shielded prices.
Also Read: Bitcoin and Quantum Resistance in 2026: How BTC Could Prepare for the Quantum Era
Bitcoin is defending support near USD 80,000, and USD 85,000 remains the key resistance. A daily close below USD 80,000 could expose USD 77,000. Investors should favor staggered entries, modest position sizing and low leverage.
1.What is the Bitcoin price today?
Bitcoin trades at USD 82,371.54, down 0.6% over the past 24 hours, per CoinGecko. Its market capitalization stands near USD 1.66 trillion, with 24-hour trading volume around USD 40.78 billion.
2.Why is crypto down today?
Oil near USD 105, a 24-year high Treasury yield and a tech stock selloff reduced risk appetite. Long liquidations near USD 1 billion then deepened the drop across major tokens.
3.Which coins fell the most today?
Zcash dropped 6.0%, followed by Solana at 5.0%, Dogecoin at 4.2%, BNB at 3.8% and Ethereum at 3.0% among the top 12 coins. Bitcoin slipped 0.6%, while Tether and USDC stayed flat.
4.What should investors watch this week?
Track Bitcoin support near USD 80,000, Treasury yields, ETF flows and US-Iran developments. These catalysts will likely decide whether Bitcoin reclaims USD 83,000 or tests USD 77,000.
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