Bitcoin recovers above $80,000 as exchange outflows hit five-week high
CIE News ·
Based on reporting by crypto.news; not yet independently confirmed.
Bitcoin climbed back above $80,800 on October 28 as 14,942 BTC left exchanges. Meanwhile, Ethereum faced derivatives pressure, with a whale liquidated 13 times.
Bitcoin (BTC) traded near $80,800 on October 28, 2026, gaining over 1% with 24-hour spot volume of approximately $23.5 billion and a market capitalization above $1.62 trillion, according to crypto.news. On-chain analytics firm Santiment reported that 14,942 BTC exited centralized exchanges in a single day, representing the network's largest net outflow in five weeks.
Institutional demand showed signs of recovery after U.S. spot Bitcoin exchange-traded funds recorded $176 million in net inflows on October 27, led by $151.5 million into BlackRock's IBIT. Those gains followed two days of net withdrawals totaling $773.5 million on October 22 and October 23, according to crypto.news.
In contrast, Ethereum (ETH) traded between $2,300 and $2,327 while facing derivatives liquidations. Forced closures totaled 18,080 ETH valued at $43.9 million, including a single whale account that was liquidated 13 times for a total loss of $1.14 million. Ethereum futures open interest dropped by 50% in dollar terms, while funding rates stood at 0.0088%.
Key facts
- BTC traded near $80,800
- 14,942 BTC left exchanges
- $43.9M in ETH liquidated
- ETH open interest down 50%
Read the original at crypto.news