Bitcoin closes below 50-day SMA amid volatility compression and ETF outflows

Bitcoin (BTC) closed below its 50-day simple moving average (SMA) for the first time since August, trading at $81,715, down 0.39% over the past 24 hours. This breakdown ends a month of trading between roughly $81,000 and $85,000. Volatility has compressed, with Bollinger Bands hitting their tightest reading in about 2.5 years, which historically precedes a sharp expansion. Liquidation clusters are noted on Binance between $82,500 and $82,650, and US spot Bitcoin ETFs recorded net outflows of 3,964 BTC on Oct. 22, valued at roughly $322 million.