BTC price risks $80K loss into FOMC, earnings: Three things to know in Bitcoin this week — SkimNews
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- Bitcoin fell to $79,145 on Saturday and failed to hold $80,000 on lower time frames; nearly $150 million in long positions were liquidated over two hours, while CoinGlass showed a $73 million bid wall above $79,300 and asks centered around $81,000.
- Federal Reserve is priced for a Wednesday hold at 3.75%-4% with more than 90% odds, matching Robin Brooks’s view that a pause was all but inevitable; FedWatch consensus separately favors a 0.25% hike at the December meeting.
- Brent crude reached $117 per barrel Friday before dropping to around $110 Monday; Robin Brooks said even a rise to $125 would not force the Fed to change course.
- JPMorgan Asset Management’s Raisah Rasid said investors were rewarding return on capital rather than AI capex; the KOSPI fell 1.5% to 5,469 Monday, and the Nasdaq closed Friday at 25,955, its lowest close since Aug. 3.
- Microsoft and Alphabet report after Wednesday’s close, followed by Amazon and Intel Thursday; about 20% of S&P 500 companies report during the week, alongside Thursday’s U.S. Q3 GDP and PCE releases.
- CoinGlass data shows Bitcoin on track to close October down 4% near $80,000; after October 2025 fell 3.9%, Bitcoin lost 17.5% the next month, versus historical average October gains of 26.1% and November gains of 35%.
- Benjamin Cowen called Bitcoin’s trips to $87,000 in late September and early October “fakeouts” and said weakness would continue through year-end, citing historical precedent and U.S. midterm-election years; resistance includes the $87,490 yearly open and $87,165 20-month moving average.
Why it matters: **Bitcoin traders** have already seen nearly $150 million in long positions liquidated below $80,000, while the more-than-90% consensus for a Fed hold at 3.75%-4% leaves little macro surprise in the decision. That combination shifts the immediate market focus to $79,300 bid liquidity and the $87,000 resistance zone.
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