Coinbase estimates that macroeconomic risks could push bitcoin below $80,000, despite possible support between $80,000 and $82,000. Colin Basco, Coinbase’s senior quantitative strategist, cites persistent inflation and an 80% chance of a December Federal Reserve rate hike. Demand for bitcoin held by corporate treasuries declined in the second half of 2026, while U.S. spot ETFs recorded $635 million in net outflows on October 23. Crypto market liquidity has fallen by nearly $13 billion since its May peak, reducing buying pressure on BTC. Options also show strong demand for downside protection, with $75,000 and $73,000 as key levels of interest, while bitcoin was approaching $80,000.
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