Bitcoin’s $80,000 floor faces Friday inflation test as ETF inflows lose momentum

Bitcoin is holding around the $80,000 level, which Glassnode identifies as the approximate average acquisition cost for US spot Bitcoin ETFs and publicly traded corporate treasuries. ETF inflows collapsed 95.6% in a single day, falling from $526.7 million in net inflows on Oct. 19 to $23.2 million on Oct. 20, though both sessions stayed positive. Traders are watching Friday's inflation data as a test of whether that $80,000 floor holds, since a break below ETF cost basis could pressure flows further.