{"id":31348,"date":"2026-10-10T13:06:42","date_gmt":"2026-10-10T13:06:42","guid":{"rendered":"https:\/\/pettysackingforum.com\/?p=31348"},"modified":"2026-10-10T13:06:42","modified_gmt":"2026-10-10T13:06:42","slug":"bitcoin-risks-dropping-below-82k-as-etf-outflows-hit-june-highs","status":"publish","type":"post","link":"https:\/\/pettysackingforum.com\/?p=31348","title":{"rendered":"Bitcoin risks dropping below $82K as ETF outflows hit June highs"},"content":{"rendered":"
<\/div>\n

Bitcoin remained under pressure Thursday, trading below $83,000 as substantial ETF withdrawals and macroeconomic headwinds weakened demand.<\/p>\n

BTC changed hands around $82,388, down more than 4% this week, after failing to overcome resistance near $87,000 and closing below $85,000 the previous day.<\/p>\n

Despite the correction, Bitcoin remained above its major daily moving averages, preserving a constructive longer-term structure while short-term momentum softened.<\/p>\n

Bitcoin ETFs record $487 million in daily withdrawals<\/h2>\n

US spot Bitcoin ETFs registered $487.07 million in net outflows<\/a> Wednesday, according to SoSoValue.<\/p>\n

The withdrawals were the largest recorded in a single session since June 25, highlighting a deterioration in demand through the investment products.<\/p>\n

Further outflows could make Bitcoin\u2019s recovery more difficult by removing a source of buying support. <\/p>\n

However, one large negative session does not establish that withdrawals will continue at the same pace.<\/p>\n

The next trading sessions will help determine whether Wednesday\u2019s redemptions mark a sustained shift or a temporary reduction in exposure.<\/p>\n

The bearish performance comes after Lookonchain reported Thursday that US government-linked wallets transferred approximately $566 million in assets over ten hours.<\/p>\n

\n
https:\/\/twitter.com\/lookonchain\/status\/2107998407206084701 <\/div>\n<\/figure>\n

The transfers included 4,632 BTC, 119 million USDT, and 750 wrapped Bitcoin, with most of the funds reportedly moving to Coinbase Prime.<\/p>\n

Such movements can raise concerns about potential sales, but a transfer to an institutional platform does not establish that assets have been sold. <\/p>\n

It may also reflect custody or other operational activity.<\/p>\n

Separately, a long-dormant holder transferred 4,500 BTC after more than four years of inactivity.<\/p>\n

An eventual move to an exchange could increase speculation about selling intentions. <\/p>\n

The reported transfer alone, however, does not confirm liquidation of the holdings.<\/p>\n

The US Dollar Index held around 102.36 on Thursday after reaching 102.53 on Monday, its highest level since early April 2025.\u00a0<\/p>\n

Meanwhile, the US 10-year Treasury yield remained above 5.30% after reaching a two-decade high earlier in the week.<\/p>\n

Higher yields increase the appeal of interest-bearing assets and can reduce demand for riskier investments.<\/p>\n

Minutes from the September 15\u201316 Federal Open Market Committee meeting showed unanimous support for raising the federal funds rate target range. <\/p>\n

Most officials also expected another increase would likely be appropriate before year-end to address persistent inflation.<\/p>\n

That policy outlook reinforced the pressure from elevated yields and a firm dollar.<\/p>\n

Bitcoin technical outlook: $85,000 becomes resistance<\/h2>\n

Bitcoin\u2019s close below $85,000 turned a previously important support level into an immediate recovery hurdle.<\/p>\n

A clear daily close back above it would improve the near-term setup and bring the recent $87,000 highs into focus.<\/p>\n

On the downside, the 50-day exponential moving average near $79,704 provides the next significant support reference. <\/p>\n

Below that, the 100-day EMA at $75,857 and the 200-day EMA at $75,242 form a further support band.<\/p>\n

<\/figure>\n

More distant horizontal levels stand at $66,500 and $62,300. <\/p>\n

The Relative Strength Index has dropped to 49, indicating a growing bearish momentum.\u00a0<\/p>\n

A negative MACD histogram showed that bullish momentum had weakened, although Bitcoin\u2019s position above its major moving averages still supported the broader technical structure.<\/p>\n

For now, reclaiming $85,000 would strengthen the recovery case, while continued ETF withdrawals and macroeconomic pressure could bring lower support into play.<\/p>\n

The post Bitcoin risks dropping below $82K as ETF outflows hit June highs<\/a> appeared first on Invezz<\/a><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin remained under pressure Thursday, trading below $83,000 as substantial ETF withdrawals and macroeconomic headwinds weakened demand. BTC changed hands around $82,388, down more than 4% this week, after failing to overcome resistance near $87,000 and closing below $85,000 the previous day. Despite the correction, Bitcoin remained above its major daily moving averages, preserving a […]<\/p>\n","protected":false},"author":1,"featured_media":31349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31348","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31348"}],"version-history":[{"count":0,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31348\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/media\/31349"}],"wp:attachment":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31348"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}