Bitcoin (BTC) Back Above $80,000 After Fourth Straight Weekly Loss

After a fourth straight weekly close in the red, Bitcoin (BTC) stayed under pressure into the new week: the Bitcoin price slipped below $79,500 on Saturday, October 24, and came back to test the same zone in Monday morning trading. The fourth consecutive weekly decline dragged the total cryptocurrency market capitalization down to $2.67 trillion, a fall of 0.8% in 24 hours and 3.3% across the week. Breadth broke down faster than price. Tokens in decline outnumbered advancers roughly seven to one across the altcoin market, and only a handful of names held positive ground: Uniswap (UNI) added 2.5%, Cosmos (ATOM) 0.8% and Bitcoin Cash (BCH) 0.5%, while Basic Attention Token (BAT) lost 7.8%, VeChain (VET) 3.9% and Tezos (XTZ) 3%. FxPro chief market analyst Alexander Kuptsikevich read the move as a gradual drift lower, driven by the absence of a rebound in equities and investors' widening caution. The aggregate market has now fallen further below its 50-day moving average, and the resistance zones that capped prices in May and in September failed to act as support on the way down. What the loss of the $80,000 psychological line did not produce is capitulation: large stop-loss orders, the kind often tied to whale wallets, have not surfaced on the tape, and swings have stayed contained rather than turning into a sharp flush. Each time selling pressure builds, buying appears and blocks a wider collapse, though the broader drift still runs toward lower ground. Traders now flag $75,000 as the next major support: the level, where the 50-week moving average crosses the zone that held during September's correction, stands as the main scenario in market commentary for further downside.

Support Stacks at $78,124

COINOTAG's composite level scoring frames the map price is working through. The strongest support sits at $78,124, scored 96 out of 100, while the first resistance above the market stands at $81,207, scored 88 out of 100; closing above that band is what a reversal from the four-week slide would have to prove. Momentum agrees with the sideways-to-heavy tape: the relative strength index reads 42.12, the MACD signal is bearish and the trend is classified as sideways. Positioning carries no sign of forced unwinding, with perp funding at 0.0070% and open interest of $15.85 billion. Live monitoring put Bitcoin (BTC) at $80,455 at the time of writing, essentially flat since the morning retest, two days before the Fed's October 28 rate decision. The running Bitcoin technical analysis tracks each of these levels as it updates.

ETF Flows Flip as Hash Rate Recovers

Institutional money told a two-sided story through the drawdown. US spot ETF products built on Bitcoin absorbed a net $304.7 million last week, flipping the ledger positive after two straight weeks of outflows. US spot ETFs on Ethereum ran a fourth consecutive week of outflows, though the weekly figure slowed to $220.6 million, so both ledgers look less punitive than a month ago. Analyst Axel Adler Jr. framed the process as excess cleared without heavy selling: the overheating in the Bitcoin market unwound quietly, in his reading, and leaves a healthier base for the market's next stage of development. Network data leans away from price. Figures from Blocksbridge Consulting show Bitcoin's seven-day average hash rate crossing 1 zettahash per second, equal to 1,000 exahashes, for the first time since early March, the deepest sustained commitment of mining power to the network's proof-of-work security in more than seven months. CryptoQuant chief executive Ki Young Ju read that recovery as an indirect signal of strength building under the price. Policy risk stayed on the docket: JPMorgan cautioned that the CLARITY Act, the US crypto market-structure bill, poses industry-wide risk if it fails to pass, since substitute regulatory routes could draw in institutional money in the short run without delivering long-term regulatory certainty. Counterweights exist inside the bearish weekly read. Separate coverage this week argued that Bitcoin (BTC) may have bottomed ahead of the November 3 midterm vote, and our five-year hedge scorecard still put gold 126.1% ahead of Bitcoin on inflation protection. The condition spans four straight weekly declines, but the newest readings in the sequence, positive ETF flows and a hash rate at its highest sustained level since March, are the first of the streak to argue against price.