Daily report, Friday, October 23, 2026
I see bitcoin finishing the week almost exactly where it began, even after a brutal Thursday for tech, oil at a five-month high and $635.6M pulled from spot funds. Leveraged accounts are adding long bets while fund holders sell, and price sits between a $79,800 floor and a $84,808 level where a daily close above would break the range.
Bitcoin held near $81,700, nearly flat for the week, after a hard Thursday for tech.
US spot bitcoin ETFs lost $635.6M on Thursday, the largest outflow since June.
The Nasdaq fell 2.6% and the S&P 500 1.21% as chip stocks slid.
Brent settled at $113.17, its highest since May, on Iran strike reports.
The 10-year Treasury yield dropped about 17 basis points to 4.96%.
Eurozone business activity slowed in October, with France in contraction.
Market Blind Spot: OKX accounts lean long at 2.25 while ETF holders sell.
Dates to mark: US PMIs today, FOMC on Oct 28, Strategy results Oct 29.