Toscale: BTC Reclaims $80K Amid ETF Flows (6h)

Bitcoin reclaimed the $80,000 level following a rebound in AI semiconductor stocks triggered by Anthropic’s IPO filing. While equities rallied, crypto markets showed divergence: spot Bitcoin ETFs recorded net inflows while Ethereum products faced continued outflows. This bifurcation highlights shifting institutional capital allocation as Toscale monitors the sustainability of this technical lift.

Bitcoin (BTC) is currently trading near $79,671, testing the upper boundary of its recent channel after the Anthropic IPO filing pulled AI stocks higher. The price action suggests a fragile recovery, with the market questioning whether this lift can survive the week. US spot Bitcoin ETFs rebounded on October 26 with approximately $110.3 million in net inflows, providing a counterweight to broader volatility.

Conversely, Ethereum spot ETFs extended a rough month of redemptions, shedding $88.58 million on the same day. BlackRock’s ETHA led these outflows, reflecting persistent pressure on Ethereum institutional products. This divergence underscores a clear preference for Bitcoin among current capital flows despite the broader market's mixed signals.

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Calendar — ahead:

The ECB Bank Lending Survey is scheduled for 09:00 UTC, offering insight into Eurozone credit conditions. Additionally, Binance will delist 22 cryptocurrencies and restrict eight services for Brazilian users at 12:00 UTC, a move that may impact regional liquidity. Toobit is also set to delist three tokens from its DEX+ platform at 07:00 UTC.

Market read:

Bitcoin’s proximity to the $80,000 mark presents a critical resistance test as the market digests the Anthropic IPO impact. The lack of supporting inflows in Ethereum ETFs suggests limited breadth for a broader altcoin rally. Traders should watch for follow-through volume above $80,000 to confirm trend sustainability. Failure to hold this level could expose BTC to retests of lower support bands previously established. Upcoming Binance delistings may create short-term supply shocks in specific regional markets.