Why is Bitcoin price struggling to recover despite rising whale buying?

Bitcoin price has recovered toward $80,600 on October 25 after falling below $80,000 during a weekend sell-off that triggered substantial liquidations across cryptocurrency markets. Summary Bitcoin price recovered toward $80,600 on October 25 after briefly falling below $80,000. U.S. spot Bitcoin ETFs recorded substantial withdrawals on October 22 and 23. CoinGlass data showed $546.88 million in cryptocurrency liquidations during a subsequent 24-hour period. CryptoQuant analyst CW8900 reported improving whale holdings despite recent market weakness. Bitcoin price faces support around $80,000, while $82,368 and $84,725 remain important resistance levels. According to crypto.news market data, BTC traded around $80,620, with approximately $20 billion in daily volume. The cryptocurrency briefly reached the $79,200 region before recovering, although buyers have struggled to regain the levels lost during the past several sessions. Why is Bitcoin price down today? Selling pressure intensified on October 24 as Bitcoin price slipped below $80,000, triggering forced closures of leveraged trading positions. CoinGlass data showed approximately $546.88 million in liquidations across cryptocurre...