Bitcoin Faces Make-or-Break Weekend as Market Crash Fears Grow

Bitcoin failed to hold $83,000 and is now testing $80,000, with analyst Benjamin Cowen warning that a weekly close below $83,000 on October 25 would strengthen his bearish outlook for the rest of 2026. A four-hour selloff produced $95.22 million in crypto liquidations, $91.19 million from long positions. Glassnode estimates corporate bitcoin treasuries paid about $80,000 per coin on average, so a drop below that level would put the average position at a loss, though it would not force sales. US spot Bitcoin ETFs lost about $322 million on October 22, and the Federal Reserve meets October 27–28 before September inflation data on October 29.