Bitcoin falls below $82,500 despite $1 billion ETF inflows

Bitcoin fell below $82,500 on Thursday after failing to break resistance above $84,000, despite receiving $1 billion in US spot ETF inflows this week. The cryptocurrency is down 0.3% in the past 24 hours, with bears potentially targeting the $79,676 support level. Trading remains rangebound between $80,000 and $84,000, with sell orders concentrated above $84,000 and near $87,000. Futures open interest rose to $53.66 billion, while the long-to-short ratio of 1.0133 indicates bulls still control the market. Friday's options expiry features $1.23 billion in notional open interest with a maximum pain price around $82,000. The $79,676 support has held three times during recent pullbacks, and a decisive daily close above $84,261 could target the $87,000 zone. Technical indicators show weakening bullish momentum, with RSI at 56 and MACD near neutral levels. The larger monthly expiry on October 30 involves $11.2 billion in notional open interest.