Bitcoin briefly breached the psychological $80,000 threshold over the weekend, reaching $79,200 and $79,300, ahead of the Federal Reserve’s decision on Wednesday, October 28. Market liquidations totaled $34.63 million over the past 24 hours, with 78% involving long positions. If the decline continues, Bitcoin could move toward the $75,000-$77,000 support zone, while heightened volatility is expected this week. Average inflows to Binance show a divergence between retail investors, whose inflows have risen since September, and whales, whose inflows fell from $5.9 billion to $3.8 billion. This limited selling pressure from whales does not guarantee a rebound, although the average spot order size resembles the conditions seen during the local bottom in July and August.
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