{"id":31417,"date":"2026-10-16T22:47:12","date_gmt":"2026-10-16T22:47:12","guid":{"rendered":"https:\/\/pettysackingforum.com\/?p=31417"},"modified":"2026-10-16T22:47:12","modified_gmt":"2026-10-16T22:47:12","slug":"why-bitcoin-rebounded-above-82000-after-crashing-below-80000","status":"publish","type":"post","link":"https:\/\/pettysackingforum.com\/?p=31417","title":{"rendered":"Why Bitcoin rebounded above $82,000 after crashing below $80,000"},"content":{"rendered":"
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Bitcoin rebounded above $82,000 on Friday after stronger-than-expected US inflation data briefly pushed the cryptocurrency below a closely watched support level.<\/p>\n

BTC fell to approximately $79,800 following September\u2019s Producer Price Index release before buyers stepped in. At the time of this report, Bitcoin is trading near $82,000, up 1.4% over the previous 24 hours.<\/p>\n

The recovery pared an inflation-driven decline and demonstrated renewed buying interest around $80,000. However, persistent price pressures continued to complicate the outlook for Federal Reserve policy and risk assets.<\/p>\n

Producer inflation adds to interest rate concerns<\/h2>\n

September headline PPI increased 6.3% year-over-year, exceeding expectations of 5.3%, according to the figures cited in the report. The reading marked its second-highest level since November 2022.<\/p>\n

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https:\/\/twitter.com\/InvezzPortal\/status\/2110713087896784955 <\/div>\n<\/figure>\n

Core producer inflation also surpassed forecasts, reaching 5% annually compared with expectations of 4.4%.<\/p>\n

The figures followed Wednesday\u2019s hotter-than-expected Consumer Price Index report, which showed annual headline inflation at 3.7% and core inflation at 2.6%.<\/p>\n

Together, the releases reinforced concerns that inflation remains persistent, potentially increasing pressure on the Federal Reserve to maintain restrictive policy or consider further tightening.<\/p>\n

Bitcoin\u2019s initial decline reflected that uncertainty, although its subsequent rebound showed that buyers were willing to absorb selling near a significant support area.<\/p>\n

The volatile trading coincided with approximately $317 million in cryptocurrency derivatives liquidations<\/a> over 24 hours, according to CoinGlass data.<\/p>\n

Long positions accounted for $168 million, indicating that traders betting on higher prices suffered most of the losses. Short positions recorded another $149 million in liquidations as prices fluctuated.<\/p>\n

Bitcoin liquidations totalled about $87 million, with longs accounting for 40% of that amount.<\/p>\n

The figures highlight the pressure on leveraged bullish positions during the selloff. Forced closures can amplify price moves when falling markets leave traders unable to meet collateral requirements.<\/p>\n

Ethereum and major altcoins rebound from weekly lows<\/h2>\n

Selling spread across major cryptocurrencies before prices recovered. <\/p>\n

Ethereum registered approximately $73 million in liquidations, the largest total among the altcoins. ETH briefly fell to $2,324 before rebounding.<\/p>\n

BNB, XRP and Solana also retreated, touching approximately $712, $1.29 and $101.<\/p>\n

The broad decline and rebound illustrate how macroeconomic uncertainty can affect the wider crypto market, while the subsequent rebounds added further volatility for traders positioned on either side.<\/p>\n

Bitcoin technical forecast: Bulls defend the $80,000 support zone<\/h2>\n

Despite briefly trading below $80,000, Bitcoin recovered the support zone between $80,000 and $81,500.<\/p>\n

The substantial buy orders around this area on Binance\u2019s spot order book pushed Bitcoin\u2019s price higher, with the leading cryptocurrency now trading around $82,000. <\/p>\n

The zone also overlaps with the estimated acquisition cost of Bitcoin held by US spot exchange-traded funds. That ETF cost basis stands near $81,500. <\/p>\n

Bitcoin\u2019s recovery above it restored the price to a level higher than the funds\u2019 estimated average acquisition price.<\/p>\n

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However, the brief rebound does not eliminate downside risk. A sustained break beneath the support zone could expose a cluster of leveraged positions to liquidation and intensify selling.<\/p>\n

Below $80,000, the True Market Mean near $78,000 provides the next onchain reference identified in the analysis.<\/p>\n

For now, Bitcoin\u2019s recovery to $82,000 leaves buyers defending an important area as markets assess the implications of consecutive inflation surprises.<\/p>\n

The post Why Bitcoin rebounded above $82,000 after crashing below $80,000<\/a> appeared first on Invezz<\/a><\/p>\n

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

Bitcoin rebounded above $82,000 on Friday after stronger-than-expected US inflation data briefly pushed the cryptocurrency below a closely watched support level. BTC fell to approximately $79,800 following September\u2019s Producer Price Index release before buyers stepped in. At the time of this report, Bitcoin is trading near $82,000, up 1.4% over the previous 24 hours. The […]<\/p>\n","protected":false},"author":1,"featured_media":31418,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[],"class_list":["post-31417","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\/31417","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=31417"}],"version-history":[{"count":0,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/posts\/31417\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=\/wp\/v2\/media\/31418"}],"wp:attachment":[{"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31417"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31417"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pettysackingforum.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}