[Bitcoin May Face ETF-Related Selling Pressure Around $95,000] Singapore-based crypto investment firm QCP Capital analyzed that Bitcoin has stabilized after a slight rebound. This recovery is related to an overall improvement in risk sentiment rather than being driven by specific factors within the crypto sector. The stock market has seen a slight uptick, with the market estimating an 85% probability of a rate cut in December. Inflation remains high, labor market data is weak, including a rise in unemployment rates, and statements from Federal Reserve officials have leaned slightly dovish. Crypto ETF funds continue to see outflows, with most digital asset products trading at prices below $1 per unit of net asset value, exacerbating market risk aversion. If Bitcoin's price rebounds to around $95,000, it may encounter ETF-related selling pressure, reinforcing the range-bound trend. The $80,000 to $82,000 range remains a key support level. Macro-driven factors continue to dominate the performance of the crypto market.