Bitcoin dropped roughly 1.1% over the past 24 hours, ether declined 1.7%, and the broader CoinDesk 20 Index decreased by approximately 1.6%, dragged down by retreating Asian equities and climbing crude oil values.
Additional downturns in stock markets could suppress buying interest, market experts at QCP Capital noted in a publication shared on Monday. Such a scenario appears quite possible. Both Nasdaq 100 futures and S&P 500 futures are currently trading downward, with shares of entities such as Coinbase Global and Galaxy Digital declining during pre-market hours.
“Wider stock market deleveraging trends might spill over into digital asset sectors and potentially test the $80,000 support threshold if these conditions persist,” the specialists stated.
At present, the valuation of bitcoin stays above that boundary as buying pressure for the premier cryptocurrency revived on Monday, demonstrated clearly by spot U.S. bitcoin exchange-traded funds. These investment products registered their largest net daily inflows in a month, while BlackRock’s IBIT achieved its highest single-day intake in over a year.
Monday’s capital movements provide encouragement for market optimists, although demand remains heavily concentrated. The funds captured around $527 million in net contributions, driven by BlackRock’s product taking in $665 million, whereas offerings from Fidelity and Grayscale experienced outflows.
Conversely, ether exchange-traded funds shed $103.3 million, marking their fourth straight day of net withdrawals and indicating that interest was specific to bitcoin rather than the broader crypto ecosystem.
On the other hand, the analysts mentioned that an ongoing rally in U.S. Treasuries could bolster risk-on assets, especially when paired with decreasing real yields and a softer U.S. dollar.
Even so, the overall macroeconomic environment leaves minimal room for complacency. The U.S. 10-year Treasury yield sits near 5.13%, while Brent crude changes hands close to $110 per barrel, sustaining energy-linked inflation concerns as a persistent headwind that could intensify if geopolitical conditions fail to improve.
The Federal Reserve is widely anticipated to keep interest rates unchanged next upcoming week, though prediction markets currently price in a 25 basis-point rate hike for the following month, offering little comfort to investors anxious about tighter monetary conditions. Stay alert!
What’s trending
- Bitcoin ETFs just saw their biggest day in a month thanks entirely to BlackRock (CoinDesk): BlackRock’s IBIT attracted $665.2 million Monday, its strongest session since October 2025, lifting combined U.S. spot bitcoin ETF inflows to $526.6 million.
- U.S. CFTC rebuffs CME legal stance in consequential fight over perpetual futures (CoinDesk): The Commodity Futures Trading Commission argued CME lacks standing to challenge its perpetual futures policy because it has failed to demonstrate financial harm.
- AI selloff returns, oil tops $110 a barrel (The Wall Street Journal): Nasdaq futures slipped as renewed selling hit AI stocks, while Brent crude climbed above $110 on Middle East supply risks. Treasury bonds gained despite the rise in oil prices as investors sought safety.
- Stock futures mixed as chip stocks come under pressure in premarket (CNBC): AI-linked stocks came under selling pressure before Tuesday’s open, after a mostly higher session on Wall Street.
Today’s signal
The chart illustrates weekly candlesticks for the price of bitcoin alongside the 50-week exponential moving average (EMA).
The weekly market direction stays intact, maintaining critical support above the EMA while showing no divergence indicators within the relative strength index located in the lower panel.
These indicators suggest that continued consolidation above the support level is more probable than a severe downward breakdown.
Originally published at https://www.coindesk.com/daybook-us/2026/10/20/equity-weakness-could-damp-demand-for-bitcoin-after-biggest-etf-inflows-in-a-month.
