Bitcoin Recovered After an Oct. 15 Test Near $80,000 as ETF Inflows Failed to Lift Trading Volume

Bitcoin (BTC) recovered above the roughly $80,000 cost-basis area after an hourly close at $80,100 on Oct. 15; ETF inflows returned on Oct. 19 while trading activity remained subdued ahead of Fed and MSCI decisions. U.S. spot Bitcoin ETF holdings and corporate treasury holdings have estimated average cost bases concentrated between $80,000 and $81,500. Treasury companies' average is about $80,200, and Bitcoin's daily closes have stayed above that level since Sept. 18. On Oct. 15, an hourly close reached $80,100; the next hourly close recovered above the approximate $80,000 cost-basis area.

Source: TokenPost