Crypto sentiment cools as Bitcoin tests $80,000 ahead of the Fed meeting
🌡️ The October 25 update puts CMC’s Fear & Greed Index at 44, in neutral territory, down from 73 a month earlier. Enthusiasm has faded, but this alone does not confirm a market bottom or the start of a new rally.
📉 Bitcoin is trading around $80,000–$80,600, making $80,000 a near-term level to watch. Holding this area would need stronger buying support to build recovery momentum, while a break below on rising volume would increase downside concerns.
🏦 US spot Bitcoin ETF flows weakened late in the week, with $635.6 million withdrawn on October 22 and a provisional $137.9 million on October 23. However, the five-session total remained positive at roughly $301.2 million in Farside’s available data, with one fund’s final-session figure still missing.
🗓️ The next key event is the FOMC decision at 01:00 WIB on October 29, following its October 27–28 meeting. Fed guidance, Bitcoin’s response around $80,000 and early-week ETF flows will help assess whether demand can support a recovery.
#Crypto $BTC
🌡️ The October 25 update puts CMC’s Fear & Greed Index at 44, in neutral territory, down from 73 a month earlier. Enthusiasm has faded, but this alone does not confirm a market bottom or the start of a new rally.
📉 Bitcoin is trading around $80,000–$80,600, making $80,000 a near-term level to watch. Holding this area would need stronger buying support to build recovery momentum, while a break below on rising volume would increase downside concerns.
🏦 US spot Bitcoin ETF flows weakened late in the week, with $635.6 million withdrawn on October 22 and a provisional $137.9 million on October 23. However, the five-session total remained positive at roughly $301.2 million in Farside’s available data, with one fund’s final-session figure still missing.
🗓️ The next key event is the FOMC decision at 01:00 WIB on October 29, following its October 27–28 meeting. Fed guidance, Bitcoin’s response around $80,000 and early-week ETF flows will help assess whether demand can support a recovery.
#Crypto $BTC
