Bitcoin’s Repeated Tests Near $81,000 Show Realized Losses Below Oct. 9 Peak

Bitcoin (BTC) has tested support near $81,000 three times since Oct. 9, and crypto analyst Murphy says the realized-loss pattern points to selective selling rather than broad panic. Entity-adjusted realized losses were lower on Oct. 12 than on Oct. 9. They rose on Oct. 15 from the Oct. 12 reading but remained below the Oct. 9 level, a pattern Murphy interpreted as short-term, price-sensitive holders leaving in stages. The latest downturn came as U.S. inflation ran hotter than expected, concern grew that the Federal Reserve could tighten policy further, and U.S. stocks weakened.

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