Bitcoin’s price struggles around $83,000 as bearish pressure mounts, confirmed by Glassnode’s declining spot, futures, and ETF indicators. CoinGlass data shows 169,781 traders were liquidated over 24 hours, totaling $811.79 million in liquidations. Approximately 71.04% of Bitcoin’s supply remains in profit while 28.96% is in loss, and the Coinbase Premium Gap has plunged to around -$107, signaling weakness in U.S. institutional demand. Bitcoin ETFs recorded $65.40 million in outflows on October 12. AMBCrypto indicates that Bitcoin is currently in an accumulation-to-neutral phase, suggesting a more sustainable rebound may still lie ahead.
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