Bitcoin Price Analysis: $105 Oil and ETF Outflows Hit BTC

Bitcoin is trading at $82,593 after Thursday’s sell-off pushed it below $81,000. This Bitcoin price analysis starts from a rebound that is real but still has a clear test ahead: can buyers reclaim the levels that broke during the slide?

Bitcoin fell to an intraday low of $80,507 as Middle East tensions lifted Brent crude to $105 a barrel. Crypto liquidations reached $1.14 billion, including $270 million in Bitcoin long positions and $333 million in Ether liquidations.

The U.S. government’s transfer of seized Bitcoin also stirred speculation, though nothing confirms a sale.

Bitcoin later recovered above $82,000 after President Donald Trump said the United States would not strike Iran before the November 3 midterm elections. But relief from one headline does not fix the chart. ETF outflows and nearby support now matter more than the bounce alone.

Bitcoin Price Analysis: Can BTC Reclaim $84,281 This Week?

At $82,593, Bitcoin has recovered from Thursday’s low but is still about 5% below the recent high near $87,145, the resistance line marked on the daily chart. Twenty-four-hour volume was approximately $40.43 billion, with market capitalization near $1.65 trillion.

ETF flows are the weak spot. U.S. spot Bitcoin ETFs recorded $244.1 million in net outflows (2.93K BTC) on October 8, their second straight session of withdrawals. The day before was heavier, at 5.67K BTC. Fidelity’s FBTC led the October 8 exits with 2.37K BTC, followed by ARKB at 243.75 BTC and BITB at 212.53 BTC. EZBC was the only fund with inflows, at 56.43 BTC.