What happened:
Bitcoin traded around $81,400–$81,600 on October 17, 2026, down roughly 0.7–1% over the past 24 hours after earlier dips near $80K this week. U.S. spot Bitcoin ETFs recorded about $82.4 million in net outflows on October 16 (led by BlackRock’s IBIT), adding to month-to-date outflows, while the Fear & Greed Index fell to 55 (still in Greed, down from 63). Total crypto market cap hovered near $2.7–2.8 trillion.
Why traders are watching:
Ongoing ETF redemptions point to softer institutional demand, and with Bitcoin already down nearly 4% in October so far (versus the historical “Uptober” pattern), traders are watching support near $80K–$81K and whether macro factors (inflation/Fed expectations) or renewed inflows can reverse the cooling momentum.
#Crypto #Bitcoin #News
Bitcoin traded around $81,400–$81,600 on October 17, 2026, down roughly 0.7–1% over the past 24 hours after earlier dips near $80K this week. U.S. spot Bitcoin ETFs recorded about $82.4 million in net outflows on October 16 (led by BlackRock’s IBIT), adding to month-to-date outflows, while the Fear & Greed Index fell to 55 (still in Greed, down from 63). Total crypto market cap hovered near $2.7–2.8 trillion.
Why traders are watching:
Ongoing ETF redemptions point to softer institutional demand, and with Bitcoin already down nearly 4% in October so far (versus the historical “Uptober” pattern), traders are watching support near $80K–$81K and whether macro factors (inflation/Fed expectations) or renewed inflows can reverse the cooling momentum.
#Crypto #Bitcoin #News