Bitcoin Rebounds After a Tough Week but Sentiment Stays Cautious

Bitcoin traded around $82,837 on Friday, up 1.38% for the day, after falling to $80,427, its lowest since early September. The total crypto market cap rose 2.1% to $2.89 trillion, though it remained below the more than $3 trillion seen a week earlier. Bitcoin ETFs saw $728.9 million in outflows over two sessions, and the fear-and-greed index fell to 56 from 71 on October 2, indicating neutral sentiment.

Bitcoin’s daily gain came after a slide to $80,427, its weakest level since early September. The broader crypto market rose 2.1% to $2.89 trillion, yet that remained under the $3 trillion mark reached a week earlier. Investor sentiment cooled, with the fear-and-greed gauge at 56 versus 71 on October 2, placing it in neutral territory.

ETF flows added pressure: net withdrawals totaled $728.9 million across two sessions, including $484.9 million Wednesday—the largest since June 25—and $244 million Thursday. Prediction-market participants on Myriad saw a 67% chance Bitcoin would revisit $80,000 or lower in October, while assigning 40% odds to $75,000 and 24% to $72,500.

Count: First para: Bitcoin’s(1) daily2 gain3 came4 after5 a6 slide7 to8 $80,427,9 its10 weakest11 level12 since13 early14 September.15 The16 broader17 crypto18 market19 rose20 2.1%21 to22 $2.89 trillion,23 yet24 that25 remained26 under27 the28 $3 trillion29 mark30 reached31 a32 week33 earlier.34 Investor35 sentiment36 cooled,37 with38 the39 fear-and-greed40 gauge41 at42 56 43 versus44 71 45 on46 October47 2,48 placing49 it50 in51 neutral52 territory.53

Second: ETF1 flows2 added3 pressure:4 net5 withdrawals6 totaled7 $728.9 million8 across9 two10 sessions,11 including12 $484.9 million13 Wednesday—the14 largest15 since16 June17 25—and18 $244 million19 Thursday.20 Prediction-market21 participants22 on23 Myriad24 saw25 a26 67%27 chance28 Bitcoin29 would30 revisit31 $80,00032 or33 lower34 in35 October,36 while37 ass