Bitcoin faces potential selling pressure at $82,500, where Bitfinex estimates that 874,000 BTC were accumulated between $81,000 and $82,500. The estimate does not represent confirmed sell orders, but the return of some of these holdings to the market could slow the recovery if buying remains limited. After two consecutive withdrawal sessions totaling $773.5 million, US spot Bitcoin ETFs recorded $663 million in net outflows across three sessions, before attracting $110.3 million on Monday entirely through BlackRock. The Federal Reserve’s decision on October 28 is the immediate macroeconomic catalyst, with the implied probability of an October rate increase falling to 9.4% and a December increase priced at 72.1%. A move above $82,500 could trigger short liquidations, while a further decline would put the $77,500 to $80,000 support area in focus.
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