Bitcoin price falls below $82K as spot ETFs see $635M in outflows

Bitcoin price has fallen below $82,000 on October 23, declining 0.97% to $81,449.88 as renewed selling followed its rejection near $85,000. Summary Bitcoin price fell 0.97% to $81,449.88 on October 23 after retreating from resistance near $85,000. U.S. spot Bitcoin ETFs reportedly recorded $635 million in net outflows following three consecutive inflow sessions. CoinGlass figures showed $406.27 million in cryptocurrency liquidations, affecting 89,596 traders over 24 hours. Technical indicators suggest BTC must reclaim $82,559 to strengthen its recovery, with support near $78,422. According to crypto.news market data, the cryptocurrency recorded approximately $29.85 billion in daily trading volume, with its market capitalization standing near $1.64 trillion. The decline followed an intraday slide toward $80,989, while Ether, XRP, Solana and Dogecoin traded under similar pressure. Why is Bitcoin price falling today? The latest retreat follows Bitcoin’s unsuccessful attempt to sustain a recovery above $84,000. After reaching approximately $84,778, BTC surrendered its gains and briefly traded below $81,000, bringing the $80,000 support area back into focus. According to SoSoValue data,...