Bitcoin Holds Above $80,000 Despite ETF Outflows and Slower Corporate Buying

Bitcoin traded near $81,790 following a pullback from its recent peak of $84,352. The drop came as institutional demand cooled, with United States spot Bitcoin exchange-traded funds registering $679 million in net weekly outflows. At the same time, Strategy reduced its acquisition pace, purchasing 250 Bitcoin for $21.5 million while allocating $192.4 million toward preferred share buybacks.

Despite reduced buying from large funds, spot market purchasing and long-term holding helped stabilize prices above $80,000. Leveraged positions were cleared as open interest in Binance futures dropped roughly 5% to 92,400 coins. Investors holding Bitcoin for more than one year currently control about 63% of the total supply, limiting available market liquidity even as 25,000 coins moved onto exchanges on October 6.

Market participants are watching $80,393 as key near-term support. A decline below that level could push prices toward a lower support zone between $63,326 and $74,840. That range aligns closely with Strategy average purchase price of $75,444 and the short-term holder cost basis of about $74,400, making $75,000 a crucial breakeven threshold.