Bitcoin Dipped Below $80K This Week. Inflation Was the Reason.
In short: Hot inflation data pushed BTC under $80K. The Fed gave no clear signal. October looks calm, but December is the real risk. What Happened PPI, a measure of wholesale prices, hit 6.3% year over year, the hottest in more than four years. About 85 minutes after the release, BTC touched $79,676 on Coinbase, then recovered. The day before, CPI came in at 3.7% against a 3.6% forecast. CoinShares reported $434M of outflows from crypto funds that week. What the Fed Said Fed Chair Kevin Warsh gave no clear signal on the next rate move. After his speech, traders cut the odds of an October hike from above 25% to about 15%. Current rate: 3.75% to 4.00%October 28: markets price a hold at about 85%December 9: markets price a hike at roughly 76% to 80%In September's projections, 16 of 18 officials saw at least one more hike this year Where BTC Sits BTC is near $81,600 on Binance. The 4-hour range this week is about $79,800 to $84,350. Price sits below the main moving averages (around $82,000 to $82,600), so this looks like a nervous range, not a trend. What to Watch The October 28 Fed decision, especially Warsh's comments on DecemberThe next CPI and PPI reportsETF flows. ETH ETFs snapped a 10-day outflow streak on October 13, but one day is not a trend. The Honest Take Right now macro drives crypto more than crypto's own news. Nobody can say what happens by December, because it depends on data that doesn't exist yet. Watch the $79.8K to $84.4K range. A clean close above or below it will say more than any prediction. Sources: CoinShares, Polymarket, CME FedWatch, Straits Times, Binance chart. This is market analysis, not financial advice. #CelestiaLaunchesEdenToTestAIAgentTrading #ETHDropsBelow2400USDT #CircleReports$1.4BInH1Revenue #BrentHits$110ForFirstTimeSinceMay #OpenAIAgentTookFundsFromUnownedTestnetWallet $BTC $ETH $BNB
• J.P. Morgan: forecasts about 10% a year for Bitcoin over the next decade. • BlackRock: $IBIT took in $665M in one day, reportedly its biggest in 2026. • Charles Schwab: has rolled out Bitcoin and Ethereum trading, with Solana, Avalanche and Chainlink planned. • Deutsche Bank: preparing crypto custody. • Standard Chartered: expanding BTC and ETH trading in the UAE.
Simple meaning: big banks are making it easier to hold crypto.
Here's the honest part: these are separate news items. Nothing proves they are linked or planned together. And one big ETF day is not a trend.
My take: good for Bitcoin's long-term story. Not a price signal.
Arkham data shows Wintermute-labeled wallets sent about 1,090 BTC to 3 new addresses in the last 9 hours.
Each transfer was about $30M.
Simple meaning: a big market maker moved a lot of Bitcoin out of its hot wallets.
Here's the honest part: this does not prove anyone bought. It could be a client transfer, an OTC deal or storage. We do not know who owns the new addresses.
My take: no clear signal yet. Watch if these addresses hold or send BTC to exchanges.
🟠 US spot Bitcoin ETFs: $23.16M net inflow. BlackRock led with $29.87M. 🔵 US spot Ethereum ETFs: $26.13M net outflow. That is 5 days in a row of outflows.
Simple meaning: more money went into Bitcoin funds, and more money left Ethereum funds.
Here's the honest part: $23M is a small inflow for Bitcoin ETFs. One day does not make a trend.
My take: Bitcoin looks steadier than Ethereum right now. This is not a price signal.
🚨 THE SEC COULD CHANGE THE RULES FOR CRYPTO TOKENS.
Hyperliquid Policy Center wants the SEC to make its proposed crypto rules clearer. 👀
Its key requests include:
🔹 Clearer rules for token airdrops 🔹 More flexibility for secondary token trading 🔹 Expanded safe harbors for crypto projects 🔹 Clearer rules for token buybacks
The SEC proposal includes fundraising exemptions of up to $5M over four years for startups and up to $75M in a 12-month period for qualifying offerings.
⚠️ The catch: These are proposed rules—not a guarantee of easier regulation. The final outcome matters.
Would clearer US rules help crypto projects grow? 👇
BNB Chain Burns 1.65M BNB Worth About $1B in 37th Quarterly Auto-Burn
BNB Chain completed its 37th quarterly BNB Auto-Burn, removing about 1.646 million BNB worth roughly $1 billion at the reference price. The Auto-Burn mechanism determines the amount based on BNB’s price and the number of BNB Smart Chain blocks produced during the quarter, with the long-term goal of reducing total BNB supply to 100 million. BNB Chain also continues to burn a portion of gas fees through BEP-95.