Bitcoin Price Is Heading for Another Red October, but Galaxy Says the Worst Is Over

Bitcoin price is heading toward a second consecutive losing October, but Galaxy Research believes the market may have already turned a corner. BTC is trading just a nod above $80,000, down by more than 4% month-to-date, as investors weigh persistent selling pressure against improving long-term signals. Bitcoin (BTC) 24h 7d 30d 1y All time The bullish case gained fresh support from U.S. spot Bitcoin exchange-traded funds (ETFs), which recorded $110 million in net inflows on October 26. This return to positive flows ended a two-day outflow streak, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for nearly all the gains. However, the recovery remains fragile. U.S. spot Ether ETFs recorded $88 million to $90 million in outflows over the same session, showing that institutional demand remains far from universally bullish.

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