Overview:
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Bitcoin is changing hands near USD 82,372 after successfully holding the USD 80,000 threshold.
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Spot Bitcoin ETFs registered USD 487.07 million in net outflows.
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A wallet belonging to the US government transferred 12,267 BTC, keeping markets alert regarding potential supply.
Bitcoin is priced at approximately USD 82,372 following an intraday low of USD 80,316, with buyers stepping in to protect the USD 80,000 area.
Meanwhile, spot Bitcoin ETFs saw USD 487.07 million leave the funds, alongside nearly USD 1 billion in liquidations of leveraged positions. Broader market pressure came from oil trading near USD 105 and Treasury yields hitting a 24-year high, keeping investor risk appetite subdued.
Bitcoin Price Today
Data from CoinGecko shows Bitcoin trading at USD 82,371.54, marking a 0.6% decline over the trailing 24 hours. The asset maintains a market capitalization close to USD 1.66 trillion alongside a 24-hour trading volume of roughly USD 40.78 billion.
Insights from prominent crypto trading desks regarding Bitcoin’s near-term structure are compiled below.
Mudrex: Largest ETF Outflow Since June Tests Bitcoin
Prateek Gupta, Head of Business at Mudrex, noted that Bitcoin dipped to USD 80,400—its lowest price point since September 21—before staging a bounce. Immediate support has shifted to USD 80,000, while resistance is pegged at USD 85,000.
WazirX: Bitcoin Defends USD 80,000
According to Nischal Shetty, Founder of WazirX, maintaining the USD 80,000 floor could push Bitcoin upward toward USD 82,800. Conversely, a breakdown beneath this level could expose the USD 77,000 mark, which sits near the 50-week moving average.
Delta Exchange: Former Resistance Turns Support
Piyush Walke, Derivatives Research Analyst at Delta Exchange, pointed out that the USD 82,000 to USD 83,000 range previously functioned as resistance during May and September. The next significant support zone rests between USD 78,000 and USD 79,000.
Also Read: Bitcoin-Backed Loans Grow as More People Borrow for Daily Expenses
Giottus: Stagger Entries Near USD 81,000
Vikram Subburaj, CEO of Giottus, highlighted USD 81,000 as a crucial immediate level. He recommended dollar-cost averaging and minimal leverage use until Bitcoin breaks back above USD 83,300.
Crypto Prices Today: Top 12 Coins at a Glance
Biggest Gainers and Losers Today
Zcash recorded the steepest decline with a 6.0% loss, followed by Solana down 5.0% and Dogecoin down 4.2%. BNB fell 3.8% and Ethereum dropped 3.0%, whereas stablecoins remained stable around the USD 1 mark.
Crypto News Today: Top Headlines Impacting Prices
Bitcoin ETFs Bleed USD 487M, Biggest Exit Since June
US spot Bitcoin ETFs shed USD 487.07 million in net outflows according to SoSoValue tracking. BlackRock’s IBIT experienced the highest redemptions at USD 207.67 million, while Fidelity’s FBTC saw USD 105.15 million leave the fund. Mudrex characterized the event as the largest withdrawal volume since late June.
WazirX reported that Ether investment products also shed USD 160.8 million. Traders are closely monitoring daily fund flows as an indicator of institutional sentiment, noting that persistent withdrawals could hinder price recoveries while renewed inflows would suggest returning demand.
US Government Moves 12,267 Bitcoin Tied to Bitfinex Hack
Data from Arkham indicates that a US government-controlled address associated with Bitfinex hack funds transferred 12,267 BTC on October 8. The transaction carried an approximate value of USD 1.01 billion, following earlier transfers of over 6,200 BTC to Coinbase Prime.
While significant wallet activity frequently triggers supply concerns among market participants, CoinDesk noted no evidence of an actual liquidation thus far, keeping attention focused on potential exchange deposits that could signal impending sell pressure.
Trump Rules Out Iran Strike Before Midterms as Oil Spikes
President Donald Trump stated that the United States would not execute a strike against Iran ahead of the November 3 midterm elections. Delta Exchange reported that Bitcoin climbed back past USD 81,000 following the announcement.
However, Mudrex observed that oil prices still surged toward USD 105 during the session. BitDelta India reported a 4.1% increase in Brent crude, sustaining inflation concerns as traders look to ongoing diplomatic discussions between the US and Iran for future direction on risk-on assets.
JPMorgan Sees USD 50B Flowing into Crypto this Year
An analysis by JPMorgan estimates that approximately USD 50 billion has entered the cryptocurrency market year-to-date, representing roughly half of the velocity observed during the previous year. The bank indicates that ETF inflows have gained momentum since August, creating a constructive outlook for the fourth quarter.
This projection offers a balance to recent fund redemptions, signaling that institutional participation remains active despite day-to-day volatility in flow metrics. Sustained inflows will be necessary for Bitcoin to translate this institutional outlook into price momentum.
Bitwise Dogecoin ETF to Close After October 14
Bitwise announced it will terminate trading for its Dogecoin ETF following October 14, an investment vehicle holding just USD 726,000 in assets. Dogecoin is currently changing hands near USD 0.0851 after suffering a 4.2% decline over the prior 24 hours.
By comparison, the Bitwise Solana Staking ETF holds USD 1.3 billion under management, highlighting a market preference for tokenization-focused financial products over meme-based assets—though Solana still recorded a 5.0% drop in today’s session.
Also Read: Bitcoin and Quantum Resistance in 2026: How BTC Could Prepare for the Quantum Era
Investor and Market Outlook
Bitcoin continues to defend its footing near USD 80,000, with USD 85,000 standing as the primary overhead barrier. A daily session close under USD 80,000 risks opening a path toward USD 77,000. Market participants are advised to consider staged allocations, conservative position sizes, and low leverage.
FAQs
1.What is the Bitcoin price today?
According to CoinGecko, Bitcoin is trading at USD 82,371.54, which is down 0.6% over the last 24 hours. Its market capitalization hovers around USD 1.66 trillion alongside a 24-hour volume of approximately USD 40.78 billion.
2.Why is crypto down today?
Overall risk sentiment contracted due to oil prices hovering near USD 105, a 24-year peak in Treasury yields, and a wider selloff in technology equities. Additionally, roughly USD 1 billion in long derivatives positions were liquidated, amplifying losses across major digital currencies.
3.Which coins fell the most today?
Among the top 12 digital assets, Zcash led losses with a 6.0% drop, followed by Solana down 5.0%, Dogecoin down 4.2%, BNB down 3.8%, and Ethereum down 3.0%. Bitcoin eased 0.6%, while stablecoins Tether and USDC remained unchanged.
4.What should investors watch this week?
Key market drivers to monitor include Bitcoin support levels around USD 80,000, movements in Treasury yields, spot ETF flow data, and geopolitical developments between the US and Iran. These factors will likely determine whether Bitcoin targets USD 83,000 or retests USD 77,000.
