Uncertainty suppression
BTC is slipping below $80k as traders freeze. Spot volume, open interest and volatility are all near multi-year lows, and calm like this very rarely lasts, with a volatility expansion looking close as the FOMC, midterms and even Anthropic’s IPO near.
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Uncertainty suppressionBitcoin is drifting lower with heavy momentum, slipping below $80,000 after five straight red days as the market waits on the FOMC, the U.S. midterms, Anthropic’s IPO and a batch of crypto earnings. Technically there are signs of weakness, with BTC losing its 50d moving average and the September breakout support at $80,800, though the medium-term picture still looks solid given the weekly close above $80,000 and prices holding well above the longer moving averages.BTC ETPs saw net outflows of 2,823 BTC last week, driven by an 8,607 BTC outflow on October 22, the largest since June 26. Unlike th
