Bitcoin Holds $81,000 Level as Market Stabilizes

Bitcoin continues to trade above $81,000 following a period of sharp fluctuations. The asset has gained approximately 39% since early July. Data shows that most of this growth occurred during a few specific moments of high intensity.

Bitcoin exchange-traded funds in the United States recorded $635 million in outflows during the last session. This volume represents the largest daily withdrawal since late June. The current price of the asset remains below the average acquisition cost for these funds, which stands at $82,313.

Historical behavior suggests caution after large capital outflows from ETFs. In previous cases with withdrawals exceeding $300 million, Bitcoin performance showed declines over the subsequent 7, 30, and 90-day periods. The statistical sample remains limited due to the short lifespan of these financial products.

The global market shows stability with South Korea's Kospi index trading sideways. Nasdaq 100 futures remain steady while oil prices follow an upward trend. Bitcoin, meanwhile, recorded a variation of less than $1,000 in its recent trading range.

Alternative coins showed mixed results during the same period. BNB rose nearly 2% and DOGE saw a slight increase. Conversely, assets like XMR and ZEC recorded more significant drops. Ether and Solana maintained moderate declines throughout the day.