Bitcoin fell below the $80,000 threshold on October 26, hitting an intraday low of $79,390, just $100 above its October 24 bottom. Ether slid to around $2,300 after touching $2,282, while altcoins posted broad declines. Total crypto liquidations reached $98.19 million in 12 hours, with long positions accounting for $75.34 million. The Coinbase Bitcoin Premium Index has logged negative values for 33 consecutive days, signaling persistently weak U.S. buying pressure. Spot Bitcoin ETFs recorded a record single-day net outflow of $635.49 million on October 22, the largest in nearly three months. Spot Ethereum ETFs have also struggled, posting only two days of small net inflows since September 29. The Federal Reserve is set to announce its rate decision on October 29, with Polymarket data showing a 94% probability of rates holding steady in October but a 77% implied chance of a December hike. Elevated Brent crude prices near $110 per barrel continue to fuel inflation concerns and reinforce hawkish Fed expectations. Market outlook remains divided among prominent figures. Bitwise's Ryan Rasmussen still projects BTC reclaiming $100,000 by year-end if ETF inflows resume. Liquid Capital founder Li Yihua identified $75,000 as the next key support level, maintaining that $57,000 marked this cycle's absolute bottom. Meanwhile, Maelstrom fund manager Arthur Hayes closed all directional positions on October 24, expecting further correction before the uptrend resumes.