Today's $BTC News - *16 Oct 2026* 👇
*Price Update:*
$BTC 00 is currently trading around *$82,000 - $82,300*
- It is up approximately *+1.2% to +1.6%* over the past 24 hours
- Last night, it briefly *fell to $79,700, dropping below $80,000* da41c505
*Why did it fall and then rise again?*
1. US inflation data came in hot: PPI was *6.3%* (the expectation was 5.3%), and CPI was also higher than expected. This increased fears of a Fed rate hike.
2. As a result, *$950 Million in leveraged positions were liquidated*, and Spot Bitcoin ETFs saw *$261 Million in outflows*.
3. Then Treasury yields dipped slightly, and BTC recovered. da41
*Important Levels:*
- *Support:* $80,000 (it is very important for this level to hold)
- *Resistance:* $83,000 - $84,000 da41
*On-Chain News:*
- Long-term holders aren't selling. Short-term holders sold more, but their selling pressure is now easing too.
- The number of whales holding 10 to 10,000
#$BTC has reached a record *20,338*. b252da41
The market is now waiting for the Fed Chair's speech today.
#Bitcoin #BTC #CryptoNews #BTCUSDT
*Price Update:*
$BTC 00 is currently trading around *$82,000 - $82,300*
- It is up approximately *+1.2% to +1.6%* over the past 24 hours
- Last night, it briefly *fell to $79,700, dropping below $80,000* da41c505
*Why did it fall and then rise again?*
1. US inflation data came in hot: PPI was *6.3%* (the expectation was 5.3%), and CPI was also higher than expected. This increased fears of a Fed rate hike.
2. As a result, *$950 Million in leveraged positions were liquidated*, and Spot Bitcoin ETFs saw *$261 Million in outflows*.
3. Then Treasury yields dipped slightly, and BTC recovered. da41
*Important Levels:*
- *Support:* $80,000 (it is very important for this level to hold)
- *Resistance:* $83,000 - $84,000 da41
*On-Chain News:*
- Long-term holders aren't selling. Short-term holders sold more, but their selling pressure is now easing too.
- The number of whales holding 10 to 10,000
#$BTC has reached a record *20,338*. b252da41
The market is now waiting for the Fed Chair's speech today.
#Bitcoin #BTC #CryptoNews #BTCUSDT