Bitcoin Stalls Below $87,000 Resistance as ETF Outflows Add to Selling Pressure

Bitcoin has tried several times in recent days to break above $87,000 but has met selling pressure each time, while buyers have kept the price from drifting far below the $83,300 to $84,600 support zone. According to ArzDigital, analyst Ali Martinez, citing Glassnode data, said about 1,590,000 bitcoin changed hands in the $83,300 to $84,600 range, making it a key support level, while $86,700 stands as the main resistance buyers must clear. US spot bitcoin ETFs recorded about $89,900,000 in net outflows on Monday, 13 Mehr (October 5), ending two consecutive days of inflows; BlackRock's fund was the only one with a net inflow, pulling in about $69,900,000. Per Sahmino's own data, bitcoin traded at about $86,162 as of 16:00 Tehran time today, Tuesday, 14 Mehr (October 6).