๐จ IBIT JUST ABSORBED $206M โ BUT BTC ETFS ONLY KEPT $5M!
Thursday's session: US spot Bitcoin ETFs finished +$5.1M. Sounds fine โ until you see BlackRock's IBIT bought $205.78M ALONE, meaning everyone else pulled out ~$200M net.
Here's the catch:
๐ $830M liquidated in 24h โ $664M were longs (Coinglass). Leverage keeps getting shredded.
๐ Fear & Greed crashed 63 โ 50 in a day. Greed to Neutral overnight.
โ ๏ธ Fed hike odds for Oct 28 fell to ~17% (was 39% after the hot CPI). Warsh dodged the hawkish question in Bangkok.
Trader read: thin ETF bids + forced deleveraging = bounces on weak legs.
FOMC Oct 27-28 is next โ and blackout starts soon. Positioning, not speeches, moves this tape.
Is $80K the new line in the sand? ๐
$BTC $ETH $SOL
#OctoberFedHikeOddsFallToAround17% #BitcoinRecoversTo$82K #Bitcoin #crypto
Not financial advice โ educational purposes only.
Thursday's session: US spot Bitcoin ETFs finished +$5.1M. Sounds fine โ until you see BlackRock's IBIT bought $205.78M ALONE, meaning everyone else pulled out ~$200M net.
Here's the catch:
๐ $830M liquidated in 24h โ $664M were longs (Coinglass). Leverage keeps getting shredded.
๐ Fear & Greed crashed 63 โ 50 in a day. Greed to Neutral overnight.
โ ๏ธ Fed hike odds for Oct 28 fell to ~17% (was 39% after the hot CPI). Warsh dodged the hawkish question in Bangkok.
Trader read: thin ETF bids + forced deleveraging = bounces on weak legs.
FOMC Oct 27-28 is next โ and blackout starts soon. Positioning, not speeches, moves this tape.
Is $80K the new line in the sand? ๐
$BTC $ETH $SOL
#OctoberFedHikeOddsFallToAround17% #BitcoinRecoversTo$82K #Bitcoin #crypto
Not financial advice โ educational purposes only.