#BTC Report: Bitcoin is trading at about $80,500, roughly 36% below its October 2025 all-time high of $126,080, after briefly dipping below $80,000 on 24 October 2026 for the first time in a month. The $79,500 to $80,800 zone as an attractive accumulation area. Spot ETF demand remains positive on a multi-month basis, leverage has been flushed out, exchange supply is at multi-year lows and valuation metrics show no sign of a cycle top. Institutional demand is structural: Persistent ETF bid. US spot ETFs hold over $105B in assets and have recorded $57.3B of cumulative net inflows since launch. Market leader still buying. BlackRock's IBIT has attracted about $1.2B in the past month and $4.2B year to date, even as other funds saw redemptions. Corporate treasuries active. Strategy holds 848,517 BTC and has continued buying near current prices (recent average costs of ~$79,670 and ~$85,681). ETF cost basis: Price is below the average ETF holder cost basis ($82,313), historically, buying near or below this level has offered favourable entry. On-chain supply is tight Shrinking float. Exchange balances near 2.2M BTC are the lowest in many years, reducing readily available sell-side supply. Strong hands. Long-term holders control 78% of circulating supply, while ETFs hold roughly 6.5%. What to monitor: Daily EMA50 close ($80,800) FOMC decision on 28 October and guidance on further hikes. Daily spot ETF flows, especially IBIT and FBTC. Funding rates and open interest for signs of renewed overcrowding. I am very bullish on #BTC. I have bought spot BTC at average price of 64,000. I have built good amount of longs from 80,000 to 81,200.