Bitcoin price nears $80K – Why $402M BTC ETF outflows threaten ‘Uptober’

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Bitcoin’s approach toward $80,000 is being tested by $402 million in spot BTC ETF outflows, signaling weaker institutional demand. The withdrawals threaten the “Uptober” rally by adding selling pressure and undermining momentum, even as prices remain near a key psychological threshold. Sustained outflows could make a breakout harder to maintain.

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