
Bitcoin faces an $8,000 trading trap as US midterms approach
Analysts see Bitcoin oscillating between $80,000 and $88,000, with weakening ETF demand and the Federal Reserve's next decision threatening to break the range.
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Glassnode data shows long-term holder losses have plunged 85%, but concentrated leveraged positions threaten a fresh selloff if Bitcoin's biggest buy orders fail.

The EBA's designation brings dual supervision of Circle's EU issuer, while its Oct. 1 response seeks more flexible reserve requirements.

Bitcoin faces greater rate risk after September US inflation hit 3.7%, lifting October Fed hike odds to roughly 47% and sending Treasury yields higher.

Hotter US core inflation sparked a fresh wave of liquidations within an hour, putting Bitcoin's improving spot demand and fragile recovery to the test.

Large holders are rebuilding their positions even as ETF investors retreat, leaving Bitcoin's recovery facing a critical test near $83,000.

Bitcoin recovers above $83,000 despite a 5.5% plunge in Korean equities, but derivatives data suggest sellers retain control.



