Bitcoin holds near $81,500 after falling 2% over the past 24 hours as hotter-than-expected CPI data fueled expectations of further Federal Reserve rate hikes.
Notable Statistics:
- Coinglass data shows 89,108 traders were liquidated in the past 24 hours for $331.89 million.
- SoSoValue data shows net inflows of $175.6 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $24.84 million.
- In the past 24 hours, top gainers include Bitway, Venice Token and Pearl.
Notable Developments:
- Is a Stronger Dollar Bullish for Bitcoin?
- DriveWealth to Integrate Ripple as Evernorth Deploys XRP Treasury
- Bitcoin, ETH, XRP Drop 1% Following Hot CPI Inflation Print
- Bitcoin, ETH, NEAR Are the Best Bets for the Rest of 2026, Analyst Predicts
- Ripple Adds Fourth Korean Partner but XRP Slides to $1.35
- Saylor Sees Bitcoin Above $100,000—So Why Is Strategy Willing to Sell?
Trader Notes:
Analyst Kevin expects Bitcoin to form a higher low around the upcoming U.S. midterm elections, noting that BTC bottomed in the weeks following the 2014, 2018 and 2022 elections.
He argues that higher-timeframe indicators already resemble previous market bottoms, making a fresh low historically unusual.
Kevin sees $77,000 to $83,000 support holding for a rally to $93,000 to $100,000, while a breakdown below $77,000 could trigger a pullback to $67,000 to $76,000.
Trader KillaXBT noted that Bitcoin’s decline heading into Oct. 14 could set the stage for a reversal, citing a recurring pattern over the past year in which BTC moves against bearish expectations around that date.
The trader suggested a potential rebound if the historical pattern repeats.
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