📊 Daily On-Chain Data Tracker | October 20
Current prices of four major cryptocurrencies (CoinGecko, as of publication):
$BTC 82,251 USD, 24h +0.6% — hovering between 81K and 83K, with the choppy pattern unchanged
ETH 2,416 USD, 24h +1.3% — rebounded above 2,400, but remains below 2,553 (SMA50)
BNB 733.7 USD, 24h +1.3%
SOL 105.9 USD, 24h +2.3% — among today's top gainers
A clear divergence has emerged in the data:
1️⃣ ETF inflows are back
On Monday, U.S. spot Bitcoin ETFs saw net inflows of $527 million in a single day, the largest daily inflow in nearly a month. This is a clear sign that institutions are returning to build positions.
2️⃣ But options traders are buying insurance
Deribit data shows put option volume is more than twice that of calls, with bearish skew across all expiry dates. Smart money is buying spot while also buying downside protection—a classic hedge against uncertainty.
3️⃣ Liquidations are skewed toward longs
Over the past 24 hours, $334 million in positions were liquidated across the market, including $223 million in long positions, or about 67%. Insufficient upward momentum is washing out leveraged longs chasing the rally—a common occurrence in a choppy market.
4️⃣ Sentiment is cooling from its highs
The Fear and Greed Index has fallen from 63 to 55. It remains in greed territory, but enthusiasm is fading. The market is waiting for the Fed's rate decision on October 28, the biggest short-term wild card.
Key technical levels:
Bitcoin's daily RSI is neutral at 46.7. Price is below the SMA20 (83,615), above the SMA50 (81,285), and tracking the lower Bollinger Band (80,815). Holding 81,285 leaves room for a rebound; a break below it puts the 80,000 round-number level in focus.
Ethereum is weaker, with an RSI of 38.6 in the weak zone. It has also fallen below both the SMA20 (2,588) and SMA50 (2,553). The lower Bollinger Band at 2,364 is the first level to watch, followed by the 30-day low of 2,318.
In a nutshell: ETFs are buying the dip, options traders are hedging, and retail traders are getting liquidated. During this choppy bottoming phase, keep leverage low and wait for the Fed's decision before picking a direction.
Do you think 81K will hold? Share your thoughts in the comments.
#比特币 #BTC行情 #加密货币
⚠️ Personal opinion. DYOR and be aware of the risks.
Current prices of four major cryptocurrencies (CoinGecko, as of publication):
$BTC 82,251 USD, 24h +0.6% — hovering between 81K and 83K, with the choppy pattern unchanged
ETH 2,416 USD, 24h +1.3% — rebounded above 2,400, but remains below 2,553 (SMA50)
BNB 733.7 USD, 24h +1.3%
SOL 105.9 USD, 24h +2.3% — among today's top gainers
A clear divergence has emerged in the data:
1️⃣ ETF inflows are back
On Monday, U.S. spot Bitcoin ETFs saw net inflows of $527 million in a single day, the largest daily inflow in nearly a month. This is a clear sign that institutions are returning to build positions.
2️⃣ But options traders are buying insurance
Deribit data shows put option volume is more than twice that of calls, with bearish skew across all expiry dates. Smart money is buying spot while also buying downside protection—a classic hedge against uncertainty.
3️⃣ Liquidations are skewed toward longs
Over the past 24 hours, $334 million in positions were liquidated across the market, including $223 million in long positions, or about 67%. Insufficient upward momentum is washing out leveraged longs chasing the rally—a common occurrence in a choppy market.
4️⃣ Sentiment is cooling from its highs
The Fear and Greed Index has fallen from 63 to 55. It remains in greed territory, but enthusiasm is fading. The market is waiting for the Fed's rate decision on October 28, the biggest short-term wild card.
Key technical levels:
Bitcoin's daily RSI is neutral at 46.7. Price is below the SMA20 (83,615), above the SMA50 (81,285), and tracking the lower Bollinger Band (80,815). Holding 81,285 leaves room for a rebound; a break below it puts the 80,000 round-number level in focus.
Ethereum is weaker, with an RSI of 38.6 in the weak zone. It has also fallen below both the SMA20 (2,588) and SMA50 (2,553). The lower Bollinger Band at 2,364 is the first level to watch, followed by the 30-day low of 2,318.
In a nutshell: ETFs are buying the dip, options traders are hedging, and retail traders are getting liquidated. During this choppy bottoming phase, keep leverage low and wait for the Fed's decision before picking a direction.
Do you think 81K will hold? Share your thoughts in the comments.
#比特币 #BTC行情 #加密货币
⚠️ Personal opinion. DYOR and be aware of the risks.