{"id":14786,"date":"2026-10-22T09:14:50","date_gmt":"2026-10-22T09:14:50","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=14786"},"modified":"2026-10-22T09:14:50","modified_gmt":"2026-10-22T09:14:50","slug":"bitcoins-80000-floor-faces-friday-inflation-test-as-etf-inflows-lose-momentum","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=14786","title":{"rendered":"Bitcoin\u2019s $80,000 floor faces Friday inflation test as ETF inflows lose momentum"},"content":{"rendered":"<p><\/p>\n<div data-cs-editorial-figure-scope=\"\" data-cs-editorial-quote-scope=\"\" data-cs-image-viewer-scope=\"\" data-single-article-content=\"\">\n<p>Bitcoin holds the $80,000 area, where Glassnode places the estimated average acquisition costs of US spot Bitcoin ETFs and publicly traded corporate treasuries, while ETF inflows slowed by 95.6% in a day.<\/p>\n<p>Farside Investors recorded $526.7 million in net inflows on Oct. 19 and $23.2 million on Oct. 20, with both sessions positive. A $26 billion five-year TIPS auction on Thursday, then flash PMIs and final University of Michigan inflation expectations on Friday, arrive before the Fed&#8217;s Oct. 28 decision.<\/p>\n<h2>Bitcoin buyers at the cost basis<\/h2>\n<p>Glassnode&#8217;s Oct. 21 report shows the Oct. 15 selloff\u00a0<span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">closing\u00a0hourly <\/span>near $80,100, briefly below its estimated ETF cost basis of about $81,500. Corporate treasuries in its coverage hold coins at an average cost near $80,200.<\/p>\n<p>The largest block of spot bids on Binance sat near $80,000, the selloff consumed most of it, and bids had reappeared by Oct. 20 at a smaller size.<\/p>\n<p>An ETF cost basis averages a fund&#8217;s holdings, a treasury&#8217;s cost basis records what it paid and leaves future purchases to its own mandate, and displayed bids can be pulled.<\/p>\n<p>Above $80,000, Glassnode finds overhead supply between $85,000 and $87,500, where coins bought six to 12 months ago average near $86,700 and modeled futures liquidations cluster between $85,000 and $87,000.<\/p>\n<p>Below it, a liquidation cluster sits near $79,600, and the True Market Mean is near $77,600.<\/p>\n<figure id=\"attachment_575201\" aria-describedby=\"caption-attachment-575201\" style=\"width: 1029px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-575201 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/brave_eEJ55TBUAK.jpg\" alt=\"Bitcoin bounced near the ETF cost basis and true market mean\" width=\"1029\" height=\"573\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/brave_eEJ55TBUAK.jpg 1029w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/brave_eEJ55TBUAK-300x167.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/brave_eEJ55TBUAK-1024x570.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/brave_eEJ55TBUAK-768x428.jpg 768w\" sizes=\"auto, (max-width: 1029px) 100vw, 1029px\"\/><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-575201 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/brave_eEJ55TBUAK.jpg\" alt=\"Bitcoin bounced near the ETF cost basis and true market mean\" width=\"1029\" height=\"573\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/brave_eEJ55TBUAK.jpg 1029w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/brave_eEJ55TBUAK-300x167.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/brave_eEJ55TBUAK-1024x570.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/brave_eEJ55TBUAK-768x428.jpg 768w\" data-sizes=\"(max-width: 1029px) 100vw, 1029px\"\/><figcaption id=\"caption-attachment-575201\" class=\"wp-caption-text\">Bitcoin rebounded after briefly touching $80,100 near the $81,500 US spot ETF cost basis, remaining above the $77,600 True Market Mean.<\/figcaption><\/figure>\n<h2>Two days of inflation tests<\/h2>\n<p>The Oct. 19 and 20 sessions brought in $549.9 million combined, so the slowdown describes new net money, and withdrawals sit elsewhere.<\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter cs-newsletter-brand\" data-newsletter-edition=\"catalyst\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\">\n<div class=\"cs-inline-newsletter__editorial\">\n<p class=\"cs-inline-newsletter__eyebrow\">The Catalyst<\/p>\n<p class=\"cs-newsletter-frequency\">Daily Newsletter<\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">Know what\u2019s moving crypto.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start with the stories that matter. Get the context behind the headlines and a clear view of what to watch next.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__art\" aria-hidden=\"true\"> <img loading=\"lazy\" src=\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/catalyst-newsletter-scrapbook-v3.webp\" alt=\"\" width=\"640\" height=\"640\" loading=\"lazy\" decoding=\"async\"\/><img loading=\"lazy\" class=\"lazyload\" src=\"https:\/\/cryptoslate.com\/wp-content\/themes\/cryptoslate-2020\/images\/catalyst-newsletter-scrapbook-v3.webp\" alt=\"\" width=\"640\" height=\"640\" loading=\"lazy\" decoding=\"async\"\/><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<p>Glassnode finds average spot ETF trading volume over 30 days at less than a quarter of its level a year earlier. Corporate treasury purchases since June run at less than 10% of the November 2024 peak.<\/p>\n<p>September CPI reached 3.7% annually, and the preliminary Michigan survey put one-year expectations at 4.7% and longer-term expectations at 3.5%. The Fed raised its target range to 3.75% to 4.00% in September, and 94 of 100 economists in a Reuters survey expect a hold on Oct. 28.<\/p>\n<p>Hotter readings could lift short-dated Treasury yields and the dollar, and the two-year yield stood near 4.8% on Oct. 20, up more than a percentage point in 2026, according to Glassnode.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Two firms control corporate Bitcoin buys, even as business adoption broadens<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>The chain is conditional, since a hot producer-price report on Oct. 15 arrived as the 10-year yield fell to about 5.087% and the dollar retreated from an 18-month high.<\/p>\n<p>The five-year TIPS auction on Thursday afternoon tests demand for inflation-protected debt. A weak reception can lift real yields even when inflation expectations hold steady, so read the five-year real yield and breakeven inflation together.<\/p>\n<p>The flash PMIs at 9:45 a.m. and the final Michigan survey at 10:00 a.m. on Friday add business pricing and household expectations.<\/p>\n<h2>What breaks the range<\/h2>\n<p>From $80,000, the True Market Mean is 3% lower, and $87,500 is 9.4% higher; from the $81,500 ETF cost basis, $87,500 is 7.4% higher.<\/p>\n<p>If Michigan expectations hold at or below the preliminary readings, PMI price components ease, the two-year yield falls, and the dollar stays flat or weaker, Bitcoin has room to test $85,000 to $87,500.<\/p>\n<p>A move through $87,500 on better volume and repeated ETF inflows would show demand above the cost basis.<\/p>\n<p>If expectations come in above the preliminary readings, PMI prices run hot, the two-year yield and the dollar climb, and ETF flows turn negative, the replenished bids face a real test.<\/p>\n<p>A close below $80,000 would put the $79,600 cluster first, and the $77,600 True Market Mean next. A reading that raises yields while Bitcoin holds $80,000 and keeps drawing inflows would point to other demand offsetting the rate shock.<\/p>\n<p>Bitcoin has found buyers near its institutional cost bases, and Friday&#8217;s data will test whether that demand reaches the supply above it before the Fed meets.<\/p>\n<\/div>\n<p>Analysis,Featured,Macro,Market,Bitcoin,BTCBitcoin,BTC#Bitcoins #floor #faces #Friday #inflation #test #ETF #inflows #lose #momentum1792660490<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin holds the $80,000 area, where Glassnode places the estimated average acquisition costs of US spot Bitcoin ETFs and publicly traded corporate treasuries, while ETF inflows slowed by 95.6% in a day. Farside Investors recorded $526.7 million in net inflows on Oct. 19 and $23.2 million on Oct. 20, with both sessions positive. A $26<\/p>\n","protected":false},"author":1,"featured_media":14787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[91,42,285,231,147,2294,898,94,478,1929,1156,679],"class_list":["post-14786","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-bitcoin","tag-bitcoins","tag-btc","tag-etf","tag-faces","tag-floor","tag-friday","tag-inflation","tag-inflows","tag-lose","tag-momentum","tag-test"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin\u2019s $80,000 floor faces Friday inflation test as ETF inflows lose momentum - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Bitcoin faces critical US inflation data ahead of the Fed decision as ETF inflows weaken and $80,000 support comes under scrutiny.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=14786\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin\u2019s $80,000 floor faces Friday inflation test as ETF inflows lose momentum\" \/>\n<meta property=\"og:description\" content=\"Bitcoin faces critical US inflation data ahead of the Fed decision as ETF inflows weaken and $80,000 support comes under scrutiny.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=14786\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-10-22T09:14:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/bitcoin-friday-inflation-test.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14786\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=14786\",\"name\":\"Bitcoin\u2019s $80,000 floor faces Friday inflation test as ETF inflows lose momentum - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14786#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14786#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/bitcoin-friday-inflation-test.webp\",\"datePublished\":\"2026-10-22T09:14:50+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Bitcoin faces critical US inflation data ahead of the Fed decision as ETF inflows weaken and $80,000 support comes under scrutiny.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14786#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=14786\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14786#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/bitcoin-friday-inflation-test.webp\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/10\/bitcoin-friday-inflation-test.webp\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=14786#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin\u2019s $80,000 floor faces Friday inflation test as ETF inflows lose momentum\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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