would

Bitcoin

<div>
 <h3 id="key-takeaways">Key takeaways</h3>
 <ul>
 <li>Bitcoin approaches $84,000 despite substantial weekly ETF outflows</li>
 <li>BTC open interest declines while broader speculation increases</li>
 <li>U.S. inflation data could determine the next breakout</li>
 </ul>
 <a href="https://coincodex.com/crypto/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin is trading near $84,000</a> on October 12, recovering from last week's decline toward $81,000 even as U.S. spot Bitcoin ETFs recorded approximately $680 million in net withdrawals.
 The rebound comes ahead of Wednesday's U.S. inflation report, with Bitcoin facing a crucial test near $85,000. Meanwhile, derivatives data suggests traders remain cautious despite improving prices.Bitcoin Price Recovers Despite $680M ETF Outflows 
 U.S. spot Bitcoin ETFs lost approximately $680 million between October 5 and 9, according to market data compiled from ETF flows.
 The withdrawals follow an earlier <a href="https://coinpaper.com/37035/is-uptober-canceled-bitcoin-and-ethereum-etfs-lose-316-million-in-one-day" rel="noopener noreferrer nofollow">October selloff</a> that saw Bitcoin ETFs lose $244.1 million on October 8 alone.
 However, the cryptocurrency has recovered toward $84,000, indicating that selling pressure has not completely overwhelmed spot-market demand.Bitcoin Price Prediction: $85K Breakout or $80K Retest? 
 Bitcoin's immediate resistance lies near $85,000, followed by the $87,000–$90,000 area.
 A sustained breakout above $85,000, supported by improving trading volume and ETF flows, would strengthen the case for another move toward $90,000.
 QCP Capital previously identified $80,000-$82,000 as a potential <a href="https://coinpaper.com/37045/bitcoin-price-prediction-btc-falls-to-81k-as-qcp-calls-it-a-buying-zone" rel="noopener noreferrer nofollow">Bitcoin buying zone</a>, while outlining a fourth-quarter trading range extending toward $90,000.
 A separate <a href="https://cryptoquant.com/insights/quicktake/6acc762ebd478f3627cf8be7-Bitcoin-Shows-Signs-of-an-October-Bottom-as-US-Midterms-Approach" rel="noopener noreferrer nofollow">CryptoQuant analysis</a> published October 12 suggests market-bottom conditions are improving. However, analyst XWIN Japan cautions that stronger U.S. spot buying and sustained ETF inflows are still needed for confirmation.
 Without those signals, another rejection around $85,000 could bring $82,000 and subsequently $80,000 back into focus.
</div>

Bitcoin Price Prediction: $680M ETF Exodus Ahead of October 14 CPI

Table of Contents

Coinpaper.com

Other articles published on Oct 12, 2026

XRP Ledger Bug: Ripple Awarded Maximum $250,000 Bounty and This Happened

Monad Price Prediction: MON at $0.025 and Pepeto in Focus as Monad Courts Big Banks With Privacy

Europe’s Crypto Rulebook Has a New Boss: Who is Carlo Comporti?

Ledger implant tests Bitcoin ETFs as safer custodial solutions than hardware wallets

UNI, SKY and VVV this week's biggest losers.

Justin Sun Says TRON is Preparing For Quantum Threats

Join our free newsletter for daily crypto updates!