ChainCatcher report: Analyst Murphy posted on X that, as of October 15, 2026, Bitcoin has touched approximately $81,000 three times—on October 9, 12, and 15—repeatedly testing the same support zone. The latest decline has been exacerbated by higher-than-expected U.S. inflation, rising concerns over further Fed monetary tightening, and weakening U.S. equities, placing broader risk assets under pressure. Murphy noted that, based on chain-adjusted realized loss data from on-chain entities, the scale of losses during each dip has shown a declining trend: losses on October 12 were smaller than those on October 9; although losses on October 15 expanded slightly compared to October 12, they remained below the October 9 level. The October 9 drop appeared to represent a peak where short-term price-sensitive holders exited en masse; during the second retracement, market sentiment was more cautious, with weak selling pressure; the third decline, under the weight of macro headwinds, once again forced some undecided holders to cut their losses. Thus, the current market appears closer to a gradual clearing of undecided positions rather than widespread panic selling. If the percentage of short-term holders still in loss remains around 31%, below the historical average of 42.7%, it suggests that position clearing may not yet be complete, and further volatility and selling pressure could follow. Next, monitor whether realized losses continue to contract: if price holds near the current support level and loss realization gradually diminishes, it indicates passive selling is waning and the short-term correction may be nearing its end; if realized losses expand significantly again, it signals the market still requires more thorough position rotation.
Bitcoin Tests $81,000 Support Three Times as Analysts Assess Churning of Floating Supply
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Summary
Bitcoin tested the $81,000 support level three times on October 9, 12, and 15, 2026, according to ChainCatcher. Analyst Murphy noted that the repeated tests indicate a gradual exit of floating positions. Realized loss data has declined with each drop. The most recent decline followed higher U.S. inflation, concerns over tighter Fed policy, and a weaker stock market. Short-term holders in losses remain at 31%, below the 42.7% average. The market is likely clearing floating positions rather than experiencing panic. Support and resistance levels remain critical for near-term price action.
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