Bitcoin Pulls Back to $81K as ETF Flows Flip to Net Outflows
Bitcoin posted its first pullback since breaking above the resistance wall last week. It dropped nearly 5% from the weekly opening close and is now trading around $81,700 after four consecutive down sessions, starting from the $86,530 close on Oct 4 — the first close above the $85,500 wall.
Meanwhile, the S&P 500 hit a new all-time high of 7,818.92 on Oct 6, and the Nasdaq 100 remains near its peak despite a ∼1.4% drop on Oct 8. This rare divergence since the August breakout highlights an issue within Bitcoin's own fund flows.
⚠️ Personal market analysis only. NFA — manage risk and DYOR.
Bitcoin posted its first pullback since breaking above the resistance wall last week. It dropped nearly 5% from the weekly opening close and is now trading around $81,700 after four consecutive down sessions, starting from the $86,530 close on Oct 4 — the first close above the $85,500 wall.
Meanwhile, the S&P 500 hit a new all-time high of 7,818.92 on Oct 6, and the Nasdaq 100 remains near its peak despite a ∼1.4% drop on Oct 8. This rare divergence since the August breakout highlights an issue within Bitcoin's own fund flows.
⚠️ Personal market analysis only. NFA — manage risk and DYOR.