Weekly recap: a $1B leverage flush, and ETH took the worst of it 💥
BTC closed the week down 2.8% at $82,123, briefly nearing $80,300 before recovering. ETH fell 6.8% to $2,488, liquidated at roughly 6x Bitcoin's rate.
ETFs added pressure: spot BTC ETFs lost $484.9M on Oct 7 (largest single-day outflow since June) and ~$244M more on Oct 8. XRP ETFs were the only funds with inflows Thursday.
Market steadied near $82K by Friday. $83K is the level to reclaim.
Which hurt more this week, the liquidations or the ETF outflows?
$BTC $ETH $XRP
#CryptoMarket #bitcoin #weeklyrecap
BTC closed the week down 2.8% at $82,123, briefly nearing $80,300 before recovering. ETH fell 6.8% to $2,488, liquidated at roughly 6x Bitcoin's rate.
ETFs added pressure: spot BTC ETFs lost $484.9M on Oct 7 (largest single-day outflow since June) and ~$244M more on Oct 8. XRP ETFs were the only funds with inflows Thursday.
Market steadied near $82K by Friday. $83K is the level to reclaim.
Which hurt more this week, the liquidations or the ETF outflows?
$BTC $ETH $XRP
#CryptoMarket #bitcoin #weeklyrecap