Bitcoin dropped to around $81,000 amid a tech sector sell-off that pressured risk assets, including cryptocurrencies. Despite this, institutional demand remains strong, with US spot Bitcoin ETFs seeing $528 million in inflows over three days, led by BlackRock and Fidelity. The broader crypto market also weakened, with Ethereum and altcoins falling more sharply. Bitcoin faces a key support level at $80,000; a break below could lead to further declines, while reclaiming $82,500 and surpassing $84,000 is needed to stabilize prices. The disconnect between ETF inflows and price suggests broader market risk aversion is keeping Bitcoin under pressure.
Bitcoin trades at Rp1.470.724.557 on Pluang, down 3.08% as of Oct 23, 2026 08:02 WIB, reflecting ongoing pressure in the crypto market. Ethereum also declined by 3.06% to Rp43.215.889, with Pluang order activity showing a majority of sell orders for both assets. This aligns with the article's note of a tech-led risk-off move impacting cryptocurrencies, contributing to Bitcoin's struggle near key support levels.
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