Crypto Evening Report | October 9
1. That was sudden: $BTC plunged straight below $81,000.
Liquidations surged to $1.1 billion, and speculators sold at a loss, sending 55,000 BTC back to exchanges.
2. The U.S. government is selling, too.
It deposited 17,733 $BTC and 750 $WBTC into Coinbase Prime over three days, while BTC fell 6.9% over the same period.
3. Mining company MARA joined the sell-off.
It allegedly sold 996 $BTC , worth about $81.13 million, adding to miner selling pressure.
4. Fund flows look just as bleak.
October outflows from $BTC and $ETH ETFs are nearing $1 billion, while ETH funds have seen outflows for eight consecutive days.
5. Interestingly, one whale took the opposite side and went long.
An address claiming a 100% win rate opened a $30 million $ETH long position with 20x leverage.
6. The price briefly reclaimed $81,000, but the $80,000 level is the real dividing line.
Until ETF outflows and on-chain selling pressure ease, any rebound is just a breather.
Keep a close eye on the $80,000 level—if it breaks, that’s a whole different story.
1. That was sudden: $BTC plunged straight below $81,000.
Liquidations surged to $1.1 billion, and speculators sold at a loss, sending 55,000 BTC back to exchanges.
2. The U.S. government is selling, too.
It deposited 17,733 $BTC and 750 $WBTC into Coinbase Prime over three days, while BTC fell 6.9% over the same period.
3. Mining company MARA joined the sell-off.
It allegedly sold 996 $BTC , worth about $81.13 million, adding to miner selling pressure.
4. Fund flows look just as bleak.
October outflows from $BTC and $ETH ETFs are nearing $1 billion, while ETH funds have seen outflows for eight consecutive days.
5. Interestingly, one whale took the opposite side and went long.
An address claiming a 100% win rate opened a $30 million $ETH long position with 20x leverage.
6. The price briefly reclaimed $81,000, but the $80,000 level is the real dividing line.
Until ETF outflows and on-chain selling pressure ease, any rebound is just a breather.
Keep a close eye on the $80,000 level—if it breaks, that’s a whole different story.