BTC falls below 83,000? Where did the rebound money go? Altcoins are the first to buckle!
Latest market prices for October 13:
BTC at 82,718 (-1.16%), ETH at 2,488.60 (-1.81%), $SOL at 108.67 (-2.26%), and $XRP at 1.36 (-3.38%).
Major coins are broadly down, while altcoins are under even greater pressure.
Key levels:
$BTC support at 82,096, resistance at 84,284;
$ETH : for now, watch whether it can hold around 2,480.
Fund flows:
For the week ending October 9, BTC spot ETFs saw net outflows of about $681 million, ETH saw net outflows of about $542 million, and SOL ETFs ended their 14-week streak of consecutive net inflows.
More concerning, total market open interest rose 15%, while BTC open interest fell 6%, suggesting leveraged funds are shifting to altcoins.
Short-term outlook: I’m cautious.
$BTC needs to hold 82,096 to establish a basis for a rebound; if it breaks below that level, watch 80,847.
Don’t blindly chase a brief altcoin rally. The more concentrated the leverage, the greater the risk of a liquidation cascade.
Which do you think will rebound first in the next wave: BTC or altcoins? #以太坊现货ETF上周净流出5.42亿美元
Latest market prices for October 13:
BTC at 82,718 (-1.16%), ETH at 2,488.60 (-1.81%), $SOL at 108.67 (-2.26%), and $XRP at 1.36 (-3.38%).
Major coins are broadly down, while altcoins are under even greater pressure.
Key levels:
$BTC support at 82,096, resistance at 84,284;
$ETH : for now, watch whether it can hold around 2,480.
Fund flows:
For the week ending October 9, BTC spot ETFs saw net outflows of about $681 million, ETH saw net outflows of about $542 million, and SOL ETFs ended their 14-week streak of consecutive net inflows.
More concerning, total market open interest rose 15%, while BTC open interest fell 6%, suggesting leveraged funds are shifting to altcoins.
Short-term outlook: I’m cautious.
$BTC needs to hold 82,096 to establish a basis for a rebound; if it breaks below that level, watch 80,847.
Don’t blindly chase a brief altcoin rally. The more concentrated the leverage, the greater the risk of a liquidation cascade.
Which do you think will rebound first in the next wave: BTC or altcoins? #以太坊现货ETF上周净流出5.42亿美元