Key facts: <$80k slide; $815–$837M liquidated; $322M outflow; Fed/PCE
BTCUSD slid below $80,000 to ~$79,464, lowest since Sept 18. Heavy leveraged liquidations wiped out about $815–$837M in 24h, with BTC longs ~ $232.6M of that.BTCUSD eyed ahead of Fed meeting (Oct 27–28) and Sept PCE (Oct 29). Traders watch price tests near $84k–$85k on cooler inflation; $80k support if inflation stays high or ETF outflows persist.On Oct 22, US spot Bitcoin ETFs saw about $322M net outflows, signaling a large institutional withdrawal from BTC spot ETF exposure that day.BTCUSD holders’ concentrated cost basis sits $80,000–$81,500; a daily close below $80,000 would put average ETF/treasury investors underwater and shift True Market Mean toward ~$77,600.BTCUSD spot fell to about $79,464, its lowest since Sept. 18 and below $80k. Decline puts estimated corporate treasury average cost into unrealized loss per Glassnode.BTCUSD support near $77,876; deeper support $76,700–$72,500. Weekly close below $83,000 signals bearish continuation; weekly close above $83,000 negates that bearish view.Glassnode reports corporate Bitcoin treasuries average acquisition price ~$80,000. BTCUSD spot below that would put those holdings unrealized at a loss; firms aren’t necessarily forced to sell.DWF Labs found Oct 22 that spot Bitcoin ETF inflows correlated ~0.54 with the prior five-day BTCUSD spot CFD return, but only ~0.03 with the subsequent five-day return.ETF buying may signal hedging like buying spot BTCUSD via ETF and selling futures. Net ETF inflows can differ from direct BTCUSD exposure due to financing, trading costs and hedge terms.July 2025 rule let APs do in‑kind ETF creations/redemptions, enabling BTC transfers instead of cash; ETF holdings alone don't show full on/off‑exchange BTCUSD positions or direct price impact.This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.