đ¨ BITCOINâS $85K RALLY SHOWS WARNING SIGNS â $81K IN FOCUS
Bitcoin pushed above $85,000 but failed to hold the breakout as trading volume and fresh capital remained weak.
đ Key Points:
⢠Spot exchanges + U.S. ETFs average only ~$6.8B daily volume
⢠Volume remains below levels seen on roughly 90% of trading days since January 2024
⢠Fresh capital added ~$4.9B over 30 days vs. a $12.8B rise in Realized Cap
⢠Short-term holders accounted for 86% of BTC exchange inflows on Oct. 4
⢠Major liquidation clusters sit around $81,700â$83,300
⢠Binanceâs largest visible bid zone is around $81,000â$81,250
đ Market Insight:
The move above $85K lacked the volume and fresh capital normally associated with a stronger breakout. Options positioning remains bullish, but if BTC loses the $81K area, downside liquidation pressure could increase.
đŞ Asset to Watch: BTC
#bitcoin #BTC #Crypto #BitcoinTrading #CryptoMarkets $BTC
Bitcoin pushed above $85,000 but failed to hold the breakout as trading volume and fresh capital remained weak.
đ Key Points:
⢠Spot exchanges + U.S. ETFs average only ~$6.8B daily volume
⢠Volume remains below levels seen on roughly 90% of trading days since January 2024
⢠Fresh capital added ~$4.9B over 30 days vs. a $12.8B rise in Realized Cap
⢠Short-term holders accounted for 86% of BTC exchange inflows on Oct. 4
⢠Major liquidation clusters sit around $81,700â$83,300
⢠Binanceâs largest visible bid zone is around $81,000â$81,250
đ Market Insight:
The move above $85K lacked the volume and fresh capital normally associated with a stronger breakout. Options positioning remains bullish, but if BTC loses the $81K area, downside liquidation pressure could increase.
đŞ Asset to Watch: BTC
#bitcoin #BTC #Crypto #BitcoinTrading #CryptoMarkets $BTC
