Bitcoin May Face Selling Pressure from 874,000 BTC Holdings Near $82,500

Bitcoin’s price has hovered around $82,500, a level where Bitfinex estimates holders of 874,000 BTC accumulated between $81,000 and $82,500. The concentration of holdings above current market prices could trigger selling if Bitcoin rallies past this resistance. The potential sell‑off comes amid uneven demand for U.S. spot Bitcoin ETFs, which saw net inflows of $110.3 million on Oct. 26 driven solely by BlackRock’s iShares Bitcoin Trust, while other ETFs recorded zero net flows and the market has experienced a net outflow of $663 million over the last three sessions. Additionally, Bitcoin futures open interest rose from 645,411 BTC on Oct. 21 to 669,253 BTC on Oct. 25, indicating growing exposure that could amplify volatility if a sharp price move triggers liquidations. The upcoming Federal Reserve interest‑rate decision adds further uncertainty to whether institutional demand can absorb any potential selling pressure.