Bitfinex Blog/
Bitcoin Eyes $84,400 as ETF Demand Returns
Bitcoin is currently consolidating within an $81,300 to $84,400 range, supported by consistent spot ETF inflows and stable institutional participation. Market metrics suggest a healthy uptrend, though traders remain cautious ahead of the 28 October FOMC meeting and upcoming tech sector earnings.
Read the original report at Bitfinex BlogWhy It Matters
The price action is currently testing the ETF cohort cost basis of $84,333, and sustained institutional demand is viewed as a critical factor for a potential breakout above current resistance levels.