Bitcoinâ—Ź Neutralâ—Ź Important
Bitcoin Tests $80,000 Support as ETF Inflows Cool Before Friday Inflation Data
TradingGain Newsroom··22 Oct 2026, 08:40 UTCBitcoin is holding near $80,000, a level where Glassnode estimates US spot Bitcoin ETFs and public corporate treasuries have their average acquisition costs. ETF inflows slowed sharply, falling from $526.7 million on Oct. 19 to $23.2 million on Oct. 20, though both days were positive. Traders will watch whether the $80,000 area holds ahead of a Friday inflation test.
Why it matters
- The $80,000 area matters because it is where Glassnode places average acquisition costs for US spot Bitcoin ETFs.
- Public corporate treasuries also have their estimated average acquisition costs around the same $80,000 area.
- ETF inflows lost momentum, with the latest session's inflow far below the prior day's, though still positive.
What to watch next
Watch whether Bitcoin holds the $80,000 area through Friday's inflation data and whether ETF inflows pick up again.
BTCLive chartOpen full chart →
This brief is written by TradingGain from public reporting by CryptoSlate.Read original ↗