Bitcoin fell nearly 3% and returned to around $81,500 after failing to break higher near $85,000. The move erased the previous day’s gains, while rejection at a downward-sloping trend line kept a pattern of lower highs in place.
Tesla reported third-quarter capital spending of $4.73 billion, below a $7.96 billion projection, but the source does not establish that its results caused Bitcoin’s decline. South Korea’s KOSPI index also closed down 3.52%. CoinGlass figures showed Bitcoin open interest had risen before the reversal, a condition the source says can make price swings more severe.
