$82,800–$83,000 failed to hold, and $BTC fell below the Asian session open.
Current market data shows BTC at $82,703, up 2.4% over the past 24 hours.
The 1-hour candle at 19:00 initially pushed up to $83,530, then gave back its gains over the following few hours.
The Asian session opened at around $82,871, and the price is now trading below the open.
The $82,800–$83,000 range failed to become a new floor. The low over the past hour came close to $82,450–$82,520.
On October 8, U.S. spot Bitcoin ETFs saw net outflows of around $244.1 million, with FBTC alone accounting for about $197.1 million.
Combined with roughly $485 million in outflows on the 7th, the two-day total was about $730 million, with institutional redemptions remaining heavy.
Perpetual futures funding rates are slightly positive at around 0.00004. Open interest is about $2.49 billion, with roughly 3.01 million contracts—slightly below the October 9 morning peak of around 3.06 million.
This looks more like a post-rally pullback that warrants monitoring for a recovery, rather than fresh longs chasing confirmation at the high.
Wait for $82,800–$83,000 to be reclaimed and hold before discussing the upper range.
If $82,400 breaks first, watch for support around $80,400.
Current market data shows BTC at $82,703, up 2.4% over the past 24 hours.
The 1-hour candle at 19:00 initially pushed up to $83,530, then gave back its gains over the following few hours.
The Asian session opened at around $82,871, and the price is now trading below the open.
The $82,800–$83,000 range failed to become a new floor. The low over the past hour came close to $82,450–$82,520.
On October 8, U.S. spot Bitcoin ETFs saw net outflows of around $244.1 million, with FBTC alone accounting for about $197.1 million.
Combined with roughly $485 million in outflows on the 7th, the two-day total was about $730 million, with institutional redemptions remaining heavy.
Perpetual futures funding rates are slightly positive at around 0.00004. Open interest is about $2.49 billion, with roughly 3.01 million contracts—slightly below the October 9 morning peak of around 3.06 million.
This looks more like a post-rally pullback that warrants monitoring for a recovery, rather than fresh longs chasing confirmation at the high.
Wait for $82,800–$83,000 to be reclaimed and hold before discussing the upper range.
If $82,400 breaks first, watch for support around $80,400.