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BTC Slipped Below $80,000 Again. Is $77,600 the Next Stop?

BTC Slipped Below $80,000 Again. Is $77,600 the Next Stop?

Quick Read

  • U.S. spot Bitcoin ETFs recorded a $635.5 million net outflow on October 22, the largest single-day outflow since June, erasing the prior day’s $528 million inflow.

  • Coinbase data shows the largest leveraged long cluster averaged $81,993, with 64% of positions entered above Bitcoin’s current trading price.

  • Glassnode’s True Market Mean places the next major Bitcoin support at $77,600, sitting roughly 3% below current prices, if bulls cannot reclaim $81,500.

  • It sounds nuts, but SoFi is giving new Active Invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)

Bitcoin (CRYPTO: BTC) has once again…

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