BTC Rebounds to $82,000 After Over $1.1 Billion in Liquidations
๐ Bitcoin recovered to the $82,000โ$82,400 range after falling toward $80,300, marking a rebound following a sharp sell-off across the cryptocurrency market.
๐ฅ CoinGlass data showed approximately $1.12 billion in liquidations over 24 hours, with nearly 93% coming from long positions. ETH recorded larger liquidations than BTC, highlighting significant leverage pressure across the market.
๐ President Trump's statement ruling out strikes on Iran before November 3 helped ease geopolitical concerns. However, tensions around the Strait of Hormuz and elevated oil prices continue to weigh on risk assets.
๐ The recovery has yet to confirm a trend reversal, as US spot Bitcoin ETF flows remain weak. BTC needs to hold above $82,000 to target $83,300, while the $80,300โ$80,400 area remains an important support zone.
#Bitcoin $BTC $ETH $TRUMP
๐ Bitcoin recovered to the $82,000โ$82,400 range after falling toward $80,300, marking a rebound following a sharp sell-off across the cryptocurrency market.
๐ฅ CoinGlass data showed approximately $1.12 billion in liquidations over 24 hours, with nearly 93% coming from long positions. ETH recorded larger liquidations than BTC, highlighting significant leverage pressure across the market.
๐ President Trump's statement ruling out strikes on Iran before November 3 helped ease geopolitical concerns. However, tensions around the Strait of Hormuz and elevated oil prices continue to weigh on risk assets.
๐ The recovery has yet to confirm a trend reversal, as US spot Bitcoin ETF flows remain weak. BTC needs to hold above $82,000 to target $83,300, while the $80,300โ$80,400 area remains an important support zone.
#Bitcoin $BTC $ETH $TRUMP