Bitcoin is approaching the $80,000 mark as the market corrects. Spot Bitcoin ETF flows recorded outflows of $401.9 million in October, and futures long liquidations reached $1.707 billion on October 7th and 8th. The Federal Reserve’s September FOMC minutes confirmed a tightening stance, with officials citing insufficient progress on inflation. Bitcoin’s regime score dropped to -22, while the Binance Funding Rate fell to its lowest level since January. For a recovery, Bitcoin needs to reclaim the $83.2k level and push the regime score above zero.
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