In this video Benjamin talks about: Bitcoin: A Precarious Position. As of October 24, 2026, Bitcoin is trading near $81,100 to $81,500, experiencing a mild daily consolidation with a negative tilt (down approximately 0.5% to 0.7% over the last 24 hours). Video by Benjamin Cowen.
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The digital asset is facing immediate selling pressure after failing to sustain momentum toward the $85,000–$87,700 resistance levels, causing the broader crypto market to pause.
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Insights
1. Massive Spot ETF Outflows
A significant driver behind the recent pullback is the massive $635.6 million in net outflows from US spot Bitcoin ETFs recorded on October 22. This institutional pullback has cooled off the aggressive buying momentum seen earlier in the autumn.
2. Macro Headwinds & Tech Slump
Crypto is feeling the ripples of broader financial market stress. A 2.6% drop in the Nasdaq and elevated Brent crude oil prices (flirting with $112/barrel) have kept global investors risk-averse. High energy and macro pressures are keeping traders anxious ahead of the upcoming October 28 FOMC meeting, where interest rate decisions could induce heavier volatility.
3. Long Liquidations Spike
The drop toward $81,000 triggered roughly $418 million in long liquidations over a 24-hour window. This sudden flushing out of leveraged traders has accelerated the downward pressure, forcing the asset to find a local bottom.
4. Corporate & Entity Action
Despite the local price dip, long-term corporate appetite remains robust. Crypto markets recently saw a short-term pop on rumors and developments surrounding corporate entity mergers looking to leverage massive Bitcoin treasuries (such as entities tied to Elon Musk's companies holding over 30,000 BTC).
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