would

Resistance

Bitcoin

<ul>
 <li>Bitcoin recovered above $80,000 after its October 15 decline as buyers replenished bids, though support liquidity remains below its previous peak.</li>
 <li>U.S. spot Bitcoin ETFs recorded $653 million in inflows on October 19, despite trading volume remaining below its typical annual level.</li>
 <li>Glassnode identifies 86,500–87,500 as resistance, while the Fed’s October 28 decision and MSCI’s November 11 review add uncertainty.</li>
</ul>
<p>Bitcoin found buyers near $80,000 after its October 15 decline, with bids replenishing within days, according to Glassnode. The <a href="https://x.com/glassnode/status/2112912016536912365?s=20" rel="noopener noreferrer nofollow">recovery</a> faces resistance between $85,000 and $87,500, where older holders’ cost bases, sell orders and leveraged liquidation clusters overlap. Meanwhile, U.S. spot Bitcoin ETFs recorded $653 million in inflows on October 19, despite relatively low trading volume.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-support-holds-as-etf-inflows-return-strong"><strong>Bitcoin Support Holds as ETF Inflows Return</strong></h2>
<p>Glassnode reported that Bitcoin briefly fell to an hourly close of $80,100 on October 15, below the <a href="https://cryptofrontnews.com/bitcoin-etfs-lose-10000-btc-as-demand-slows-in-october/" rel="noopener noreferrer nofollow">U.S. spot ETF</a> cost basis. The next hourly close moved back above that level. Treasury companies tracked by Glassnode hold Bitcoin at an estimated average cost of $80,200.</p>
<p>The exchange order book also showed substantial bids around $80,000. Although the October 15 decline consumed much of that liquidity, buyers replenished the bids by October 20. However, the bids remained smaller than their previous peak.</p>
<p>ETF inflows returned after a week of net outflows, reaching $653 million on October 19. Nevertheless, trading volume remained below a typical daily level from the past year. Glassnode also found that realized profit-taking had slowed to roughly half its pace during September’s market peak.</p>
<h2 class="wp-block-heading" id="strong-bitcoin-faces-resistance-near-87-500-strong"><strong>Bitcoin Faces Resistance Near $87,500</strong></h2>
<p>Glassnode identified resistance between $86,500 and $87,500, where substantial sell orders meet liquidation clusters. <a href="https://cryptofrontnews.com/bitcoin-whales-add-16010-btc-as-profit-metric-recovers/" rel="noopener noreferrer nofollow">Bitcoin holders</a> who bought six to 12 months ago have an average cost basis near $86,700. A daily close above that level would return this group to profit on average.</p>
<p>Meanwhile, liquidation clusters near $85,000 and $87,000 could accelerate price movements as leveraged positions close. However, the remaining sell orders could limit upward progress.</p>
<h2 class="wp-block-heading" id="strong-fed-decision-and-msci-review-add-market-risks-strong"><strong>Fed Decision and MSCI Review Add Market Risks</strong></h2>
<p>Investors are also watching the <a href="https://cryptofrontnews.com/coinbase-urges-federal-reserve-to-expand-payment-account-access-for-crypto-firms/" rel="noopener noreferrer nofollow">Federal Reserve’s</a> October 28 rate decision and MSCI’s November 11 index-removal announcement. Strategy could face removal under MSCI’s proposed classification rules for non-operating companies. Any removal would force index-tracking funds to sell its shares.</p>
<p>Separately, altcoin leverage has cooled, with fewer than 5% of tracked altcoins showing elevated funding rates. However, open positions remain only about 5% below October’s peak, leaving substantial leveraged exposure in the market.</p>

Bitcoin Reclaims $80K Support as $87K Resistance Looms, Glassnode Says

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