Unchained reports that Galaxy Digital's Alex Thorn attributes Bitcoin's stability near $80,000 to hedge funds selling their positions. Thorn referenced 13F data indicating that trading-driven hedge funds and bank desks had reduced their spot Bitcoin ETF holdings by June. This suggests that the market had already absorbed significant selling pressure before the price stabilized.

AI-assisted source briefing. Based on the Unchained RSS report; not independently verified.

Source published: Thu, 29 Oct 2026 23:40:00 +0000

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