Bitcoin stalls near $83k as ETF selling persists

Bitcoin briefly climbed above $83,000 on Monday after recovering more than $2,000 from Sunday’s low of $80,595, dodging fears of a repeat Black Monday crash. The rally quickly faded as the price failed to hold the level and settled at $81,926 by 1:20 p.m. ET.

Fresh data showed institutions remain net sellers. Spot Bitcoin ETFs recorded a $228.6 million net outflow last week, while all crypto ETFs lost nearly $593 million, with Ethereum funds accounting for $320 million of the redemptions.

On-chain analytics from Glassnode indicate that while heavy selling has eased, no meaningful new demand has stepped in. ETF trading volumes sit near lows, option traders keep buying downside protection, and total crypto liquidations reached $334 million.

The result is a choppy, range-bound market with Bitcoin’s capitalization above $1.64 trillion and October’s much-hyped rally still on hold.

Based on information from cryptonews.net