Bitcoin Stalls Near $83,000, Still Shadowed By Last Year's $19 Billion Crash

Bitcoin was struggling to hold above $83,000 in the session, a year on from a $19 billion crash that wiped out leveraged positions across the crypto market. The anniversary has traders watching the level closely, since repeated failures to clear it cleanly have made it a point of resistance rather than support. The stall matters because October has historically been a strong month for bitcoin, a pattern traders call "Uptober." Whether that seasonal pattern holds this year is now in question given the price action around $83,000. What remains unresolved is whether the current weakness is a pause before another leg higher or a sign that last year's crash left lasting damage to risk appetite in leveraged crypto markets.