Overview
- Bitcoin briefly fell below $80,000 on Thursday after the PPI surprise and recovered to about $82,000 within hours as short squeezes and dip buyers stepped in.
- The Bureau of Labor Statistics reported September PPI rose 1.3% month‑on‑month and 6.3% year‑on‑year with core PPI at 5.0%, a clear upside surprise versus forecasts.
- U.S. spot Bitcoin ETFs logged roughly $261.4 million in net outflows on October 14 in a single large withdrawal even though cumulative inflows since launch remain substantial.
- The price swing triggered large leveraged liquidations estimated between $800 million and $950 million and showed how clustered leverage and order‑book gaps can amplify intraday moves.
- On‑chain data show record growth in large wallets while analysts point to immediate support near $80k–$81.2k, resistance around $83.5k–$84k, and elevated near‑term risk as markets price about a one‑in‑three chance of a Fed hike.