SteelWater daily crypto read · 25 Oct 2026

Bitcoin steadies near $80,500 after nearly $240 million in long positions were liquidated overnight, with traders standing back ahead of this week's Fed rate decision following two straight days of Bitcoin ETF outflows.

Sentiment 44/100 (Cautious)

Bitcoin is holding just above $80,000 after a rough week that saw more than $820 million in leveraged crypto positions forced closed, mostly bets on higher prices. The slide followed two straight days of outflows from US spot Bitcoin ETFs — the biggest single-day withdrawal since June — as big institutional buyers pulled back.

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