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Bitcoin long bets jump 49.4% while spot demand weakens, risking $80,000 support level.

Market News
21 Oct 2026
The Currency Analytics
View Source
Bearish
Bitcoin long bets jump 49.4% while spot demand weakens, risking $80,000 support level.

Bitcoin's long positions in perpetual futures rose 49.4% last week, signaling increased bullish bets despite weakening spot market demand. This divergence creates vulnerability around the $80,000 price level, a key support zone since October. If Bitcoin falls below $80,000, it could trigger voluntary position cuts and forced liquidations, amplifying price drops. Options traders are also paying more for downside protection, reflecting caution ahead of the Federal Reserve meeting on Oct. 27-28, which may add pressure to risky assets. The market faces uncertainty as leveraged optimism outpaces real buying interest, making the $80,000 support critical to watch.

Bitcoin long bets and market sentiment provide context for readers, with Pluang data showing broad cryptocurrency gains as of Oct 21, 2026 15:21 WIB. Out of 50 major cryptocurrencies priced on Pluang, 43 rose and 6 fell today. Notable movers include EOS at Rp12,649 with an 8.13% increase and CRV at Rp6,990 with a 7.59% rise despite heavy sell activity of 96%.

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