Bitcoin rebounds to $81,415 as $10.9B options expiry and central bank events loom

Bitcoin (BTC) rebounded to around $81,415 on October 28, recording a 1.8% increase over the previous 24 hours. This technical recovery comes amid subdued market sentiment, significant derivatives exposure, and anticipation of what analysts describe as one of the year’s busiest macroeconomic weeks. Blockchain analytics firm Glassnode observed that Bitcoin has been outperforming the S&P 500, securing more winning trading days than losing ones in recent weeks. In contrast, the situation in June was notably weaker for BTC, when it achieved victory on only one out of five trading days, marking its most lackluster period in more than five years.

Source: CoinTurk News