Bitcoin Is Stuck Below $85K as ETF Demand Fades and Volatility Hits 2023 Levels

Bitcoin remains near $80,000 as ETF inflows dwindle to $67 million over two weeks and realized volatility hits 25%, leaving traders watching the Fed’s rate decision. Bitcoin struggled to establish a sustained recovery above $80,000 on October 28 as weakening spot demand, fading US exchange-traded fund (ETF) inflows, and historically low volatility kept the market within a narrow trading range ahead of the Federal Reserve’s interest rate decision. According to Glassnode’s latest market report , Bitcoin has repeatedly failed to reclaim the $84,000 to $85,000 range, which has acted as resistance several times this year.