Santiment: BTC Exchange Net Outflow Hits Five-Week High; $80K Key Support

ME News reports that, as of Oct. 28 (UTC+8), wallet data tracked by Santiment shows that exchanges recorded a net outflow of 14,942 BTC on Oct. 26, the largest single-day outflow in nearly five weeks. The outflow comes ahead of the Federal Reserve rate decision on Wednesday and key GDP and PCE data on Thursday. Santiment sees $80,000 as a critical support level for Bitcoin in the coming days. If the level holds and exchange BTC supply continues to fall, the price could rebound to $82,500–$84,000. A break below roughly $79,000 would weaken bullish expectations. If Bitcoin reclaims $82,500 after the macroeconomic data releases, it would reinforce the rebound signal. (Source: Foresight News)

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