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Bitcoin (BTC) Broke Below $80,000 Over the Weekend on Middle East Evacuation Fears

Bitcoin (BTC) fell below $80,000 over the weekend after reports of US Middle East evacuations, then steadied near $80,400 ahead of a heavy macro week.

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October 26, 2026, 12:34 PM UTC4 min read
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  • Bitcoin fell below $80,000 on Saturday after reports of rapid US evacuations across the Middle East.
  • DNI Jay Clayton's Friday memo said Iran has substantially increased efforts to target US personnel.
  • Spot Bitcoin ETFs logged $138 million net outflows on Friday despite a $300 million weekly inflow.
  • Bitcoin traded near $80,400 on Monday, down 2.4% on the week and 4.8% over 30 days.
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Evacuation Reports Set the Weekend Tone

Bitcoin (BTC) slid below $80,000 over the weekend after the Wall Street Journal reported on Saturday that the United States is rapidly evacuating personnel from embassies and military bases across the Middle East. A Friday memo from Director of National Intelligence Jay Clayton to Secretary of State Marco Rubio stated that “Iran has substantially increased efforts to target U.S. personnel,” and the pullout reaches well beyond the diplomatic staff already pulled from Saudi Arabia. The weekend tape did the rest as liquidity thinned. The Bitcoin price broke the round level on Saturday and, at the 12:16 UTC reading, sat at $80,160, down 2.4% on the week, before steadying near $80,400 with the 24-hour change a marginal 0.1% lower. The damage was wider than the base asset: Ethereum lost 3.8% to $2,322, Solana gave up 3.2% to $101, and the CMC20 index finished the weekend 2.3% lower, with the altcoin market hit harder than the leader. A 30-day view widens the gap further. Bitcoin (BTC) is down 4.8% over the stretch while the majors around it average a 16.5% decline, more than three times as deep: Ethereum has shed 13.6%, Solana 17.1%, XRP 17.4%, Hyperliquid 17.4% and Dogecoin 22.3%. Privacy was the outlier. Zcash added 8% on the week while nearly everything else bled and sits 135% higher on the year, and Monero is up 37%. Relief came as the new week opened: oil fell 2% to $101, gold, which a recent scorecard put 126.1% ahead of Bitcoin on a five-year inflation hedge view, edged up 0.4% to $4,025, and stock futures turned slightly green. The reclaimed round level, which the market had regained after a fourth straight weekly loss, held into Monday.

ETF Flows and a Heavy Macro Week

Flows into the listed funds tell a steadier story than the weekend tape did. Spot Bitcoin (BTC) ETFs absorbed $300 million in net inflows across the week even after Friday delivered a $138 million net outflow, and the Ether ETFs reversed course with $4 million of net inflows the same day, so holders used the dip to add exposure rather than exit it. Friday's print followed Thursday's outflow as well, yet the weekly tally still settled near $300 million positive. The Fed's October 28 rate decision now dominates the calendar. The Federal Reserve announces its call on Wednesday with Kevin Warsh's press conference to follow, the European Central Bank moves on Thursday and the Bank of Japan closes the run on Friday. Q3 GDP and September PCE data land on Thursday, the same session Coinbase and Strategy report after the bell, while Robinhood and SoFi step up on Tuesday. The Robinhood call will be watched for the tokenized stock pushback and the Robinhood Chain roadmap. U.S. midterms are eight days away, and with this the heaviest macro week of the quarter, analysts expect volatility to persist into the vote. Rate decisions from three major central banks inside three sessions leave little room for a quiet tape. The weekend also carried operational stress away from macro. Solana trading bot Bloom said attackers drained about 9,408 SOL, worth $947,000, from 49 wallets belonging to nine users by exploiting a third-party module to gain remote code execution; the team insisted no private keys were compromised and pledged to reimburse 100% of stolen funds. Pump's $2.5 million squads competition, announced Monday and running two weeks, will reward the top three squads on PNL and uPNL. Neither announcement moved the market's largest asset by Monday morning.

Live data puts Bitcoin near $80,362, and our composite support-and-resistance scoring frames the immediate battlefield: the strongest support sits at $78,124, scored 96/100, and the first resistance cluster at $81,222, scored 88/100. Momentum stays cautious: the relative strength index reads 43.2, the MACD signal is bearish and the trend remains sideways. Positioning has not de-risked: the perpetual funding rate printed 0.0071%, close to neutral, and the long/short account ratio stands at 2.34, with 70.1% of accounts long. The Crypto Fear and Greed Index reads 50/100, neutral. A close through $81,222 would reset the short-term picture, while losing $78,124 would flip it lower; the live Bitcoin technical analysis tracks both thresholds. With sentiment neutral and the range intact since the weekend break, the market waits on Wednesday.

Readers tracking the market in real time can follow live spot and futures prices on Bybit.

Primary sources

COINOTAG's editorial and research desk.

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