Bitcoin struggles near $86,500 resistance as investors book $1B profits, ETFs see $409M outflows in October.
Bitcoin recently faced strong resistance near the $86,500 level, leading to significant profit-taking with $1.03 billion realized in a single day, the second-highest of 2026. This selling pressure caused Bitcoin's price to drop about 4.5% over the week, trading around $82,400. Meanwhile, Bitcoin ETFs have seen outflows totaling $409.71 million in October, indicating weakening new demand. The $81,000 price zone may act as short-term support if buyers absorb selling pressure, but the market remains at a critical point between profit-taking and fresh investment inflows.
Bitcoin recently faced strong resistance near the $86,500 level, leading to significant profit-taking with $1.03 billion realized in a single day, the second-highest of 2026. This selling pressure caused Bitcoin's price to drop about 4.5% over the week, trading around $82,400. Meanwhile, Bitcoin ETFs have seen outflows totaling $409.71 million in October, indicating weakening new demand. The $81,000 price zone may act as short-term support if buyers absorb selling pressure, but the market remains at a critical point between profit-taking and fresh investment inflows.
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