Bitcoin at $82,593 as Oil Hits $105 and U.S. Spot ETFs Log $244.1 Million in Outflows

• Bitcoin trades at $82,593 after Thursday’s sell-off pushed it below $81,000.

• BTC fell to an intraday low of $80,507 as Middle East tensions lifted Brent crude to $105 a barrel.

• Crypto liquidations reached $1.14 billion, including $270 million in Bitcoin longs and $333 million in Ether.

• U.S. spot Bitcoin ETFs recorded $244.1 million in net outflows on October 8, their second straight session of withdrawals.

• Bitcoin recovered above $82,000 after President Trump said the U.S. would not strike Iran before the November 3 midterm elections.

• Bitcoin’s 24-hour volume was about $40.43 billion, with a market cap near $1.65 trillion.

Bitcoin is trading at $82,593 after Thursday’s sell-off pushed it below $81,000. The low came at $80,507 as Middle East tensions lifted Brent crude to $105 a barrel.

U.S. spot Bitcoin ETFs added to the pressure, with $244.1 million in net outflows on October 8.

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Bitcoin Price Today: Market Data

Key figures for BTC:

• Price: $82,593

• Thursday’s intraday low: $80,507

• Recent high: near $87,145 (Bitcoin is about 5% below it)

• 24-hour volume: about $40.43 billion

• Market capitalization: near $1.65 trillion

• Brent crude: $105 a barrel

• Total crypto liquidations: $1.14 billion

Readers who follow Bitcoin price action and ETF flows in real time can do so through the SpotX live stream.

Main News: Bitcoin Falls to $80,507, Then Recovers

Bitcoin fell to an intraday low of $80,507 on Thursday as Middle East tensions lifted Brent crude to $105 a barrel. It later recovered above $82,000.

The recovery followed a statement from President Donald Trump. He said the United States would not strike Iran before the November 3 midterm elections.

The U.S. government’s transfer of seized Bitcoin also drew attention, though nothing confirms a sale.

Crypto Liquidations Reach $1.14 Billion

Crypto liquidations reached $1.14 billion during the sell-off.

• Total liquidations: $1.14 billion

• Bitcoin long positions: $270 million

• Ether liquidations: $333 million

U.S. Spot Bitcoin ETFs Record $244.1 Million in Outflows

U.S. spot Bitcoin ETFs recorded $244.1 million in net outflows (2.93K BTC) on October 8. It was their second straight session of withdrawals. The day before was heavier, at 5.67K BTC.

Fund-level flows on October 8:

• Fidelity’s FBTC: 2.37K BTC in outflows, the largest

• ARKB: 243.75 BTC in outflows

• BITB: 212.53 BTC in outflows

• EZBC: 56.43 BTC in inflows, the only fund with inflows

Traders who monitor Bitcoin ETF flows and wallet activity can follow live data through SpotX.

Bitcoin ETF Flows Over October 5 to 8

Across October 5 to 8, the funds shed a net 8.25K BTC.

• Net outflow, October 5 to 8: 8.25K BTC

• Net assets: $110.61 billion

• Cumulative net inflows: $57.54 billion

Summary: Bitcoin Price Today

Bitcoin trades at $82,593 after falling to $80,507 on Thursday. Brent crude reached $105, liquidations reached $1.14 billion and U.S. spot ETFs logged $244.1 million in net outflows on October 8.

• Price: $82,593 (low of $80,507 on Thursday)

• Liquidations: $1.14 billion, including $270 million in Bitcoin longs

• ETF flows: $244.1 million net outflows on October 8, after a heavier session the day before

• Four-day ETF total: 8.25K BTC net outflows (October 5 to 8)

• Rebound: above $82,000 after Trump’s Iran comment

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