A late Wednesday selloff took bitcoin to an intraday low of $80,836, a drop of nearly 4% on the day from a two-week high above $84,000, according to Bitcoin.com News. Coinglass data showed $135 million of bitcoin longs liquidated over 24 hours, up from about $5 million the day before, against just over $5 million of shorts, and across crypto more than $412 million of longs were wiped out. It came straight after spot bitcoin funds drew more than $1 billion over three days. Bitfinex analysts put the average cost basis of the ETF cohort at $84,333, so the rally ran out close to where recent fund buyers break even. Their breakout checklist is a daily close above $84,400, another ETF day above $300 million, funding near 3% and flat open interest, with targets of $84,100 to $86,100, where about 1.08 million BTC sits at a loss, and then $87,197. On-chain readings are lukewarm: supply in profit at 70% against a 75% long-term baseline, short-term holder spent output profit ratio near 1.003, and a 20-day correlation of 0.78 with the Nasdaq-100. CryptoQuant's Bull Score Index, built from 10 demand, profitability, network and liquidity indicators, has slipped from 80 to 60 since late September. "As long as it stays above 60, the overall momentum remains positive," contributor Darkfost wrote on October 21. CoinDesk had bitcoin at $81,468.65 on Friday, down 0.37%, with ether at $2,397.77, ahead of the Fed's October 28 decision.