Bitcoin Falls Below $80,000 as Fed Concerns Offset ETF Inflows

| crypto.news
Bitcoin briefly fell below $80,000 after the Federal Reserve held its benchmark rate at 3.75%–4.00%. The 10–2 vote included Lisa Cook and Beth Hammack dissenting in favour of a 0.25 percentage-point rate increase, keeping borrowing-cost concerns in focus. Bitcoin touched $79,607 before recovering to around $80,137, then was reported at about $79,811, down 1.5%. Weakness in technology stocks, including a sharp fall in Samsung shares, added to risk-off sentiment. The price decline came despite US spot Bitcoin ETFs attracting about $423.6 million in net inflows over three sessions from October 26 to 28, led by BlackRock’s IBIT. The inflows partly reversed earlier withdrawals but have not yet produced sustained price strength. Derivatives pressure remained significant: crypto futures liquidations reached about $367 million over 24 hours, including roughly $211 million in liquidated longs, while more than $69 million in Bitcoin positions were liquidated, mostly longs. Traders are watching support around $79,600–$80,000. A break below could put $78,000 and then $75,000–$76,000 in focus; reclaiming $82,000 may improve short-term momentum, with resistance around $84,000–$85,000. The US Personal Consumption Expenditures inflation report and further Fed comments may shape rate expectations. On-chain activity also offered little support: Santiment said weekday average transactions and active addresses from October 14 to 27 were below their July–September averages. The combination of hawkish Fed signals, subdued network activity and liquidations tempers the positive signal from Bitcoin ETF inflows.
Bearish
The immediate price signals are bearish for Bitcoin: it fell below $80,000 despite several sessions of ETF inflows, while hawkish dissent at the Fed kept the prospect of higher borrowing costs in view. Heavy liquidations, concentrated in long positions, can add forced selling and volatility. Weak weekday transaction and active-address readings also suggest that network demand is not yet providing a strong counterweight. In the short term, traders may focus on the $79,600–$80,000 support zone; a sustained break lower could bring $78,000 and the $75,000–$76,000 area into view. A recovery above $82,000 would ease some pressure, though resistance around $84,000–$85,000 remains relevant. Over a longer horizon, ETF inflows are a constructive demand signal and could help prices if they persist, but their impact may be limited while macroeconomic uncertainty, subdued on-chain activity and leveraged-position unwinds continue. The PCE inflation report and subsequent Fed guidance are key near-term catalysts.