The $80,000 level has been lost again—and this time, it wasn’t panic selling by retail investors that came first. It was ETF money.
Early on October 26, $BTC fell below $80,000 during Asian trading, dropping as much as about 1.4% intraday to below $79,300 before recovering to around $80,000. $ETH was around $2,313 the same day, down about 0.6% intraday. Bitcoin has fallen about 7% cumulatively since last week.
The clearest signal this time is coming from fund flows: U.S. spot Bitcoin ETFs saw combined net outflows of about $772.4 million on Thursday and Friday, after taking in more than $1 billion the previous week. JPMorgan estimated that Thursday alone saw about $636 million in redemptions. Markets are also digesting concerns about AI-sector valuations, rising oil prices and Treasury yields, and a flight to safety ahead of this week’s Fed decision. CME interest-rate futures imply roughly a 90% chance the Fed will leave rates unchanged.
How to read this: $80,000 isn’t a magical support level; it’s a psychological dividing line. ETF money turning first suggests that some institutions are choosing to reduce risk ahead of the decision rather than catch a falling knife near that level. But this doesn’t mean the trend has already reversed: a week of ETF outflows is still not decisive on a full-year scale. For now, watch just two triggers: if Bitcoin can reclaim $80,000 and ETF net outflows stop, that would be a sign the bleeding has stopped. If daily closes remain below $79,300, volatility will likely pick up first, and leveraged positions will be among the first to be cleared out. Chasing rallies or selling off ahead of the decision could expose traders to sharp moves in either direction.
Data as of: 2026-10-26 08:00 UTC
For informational purposes only; this is not investment advice.
Early on October 26, $BTC fell below $80,000 during Asian trading, dropping as much as about 1.4% intraday to below $79,300 before recovering to around $80,000. $ETH was around $2,313 the same day, down about 0.6% intraday. Bitcoin has fallen about 7% cumulatively since last week.
The clearest signal this time is coming from fund flows: U.S. spot Bitcoin ETFs saw combined net outflows of about $772.4 million on Thursday and Friday, after taking in more than $1 billion the previous week. JPMorgan estimated that Thursday alone saw about $636 million in redemptions. Markets are also digesting concerns about AI-sector valuations, rising oil prices and Treasury yields, and a flight to safety ahead of this week’s Fed decision. CME interest-rate futures imply roughly a 90% chance the Fed will leave rates unchanged.
How to read this: $80,000 isn’t a magical support level; it’s a psychological dividing line. ETF money turning first suggests that some institutions are choosing to reduce risk ahead of the decision rather than catch a falling knife near that level. But this doesn’t mean the trend has already reversed: a week of ETF outflows is still not decisive on a full-year scale. For now, watch just two triggers: if Bitcoin can reclaim $80,000 and ETF net outflows stop, that would be a sign the bleeding has stopped. If daily closes remain below $79,300, volatility will likely pick up first, and leveraged positions will be among the first to be cleared out. Chasing rallies or selling off ahead of the decision could expose traders to sharp moves in either direction.
Data as of: 2026-10-26 08:00 UTC
For informational purposes only; this is not investment advice.
