$BTC
BITCOIN: WHALE WALLETS HIT A RECORD AS BEARISH POSITIONS INCREASE.
According to Santiment, the number of addresses holding between 10 and 10,000 BTC reached 20,338, a new all-time high. The figure has been rising since mid-July, even during recent market corrections.
Santiment sees this trend as reflecting confidence among large holders, although it warns that Bitcoin could still face further declines in the short term.
Bearish pressure also increased in the futures market. The BTC funding rate fell to -0.0073%, signaling a greater presence of short positions.
U.S. spot ETFs also saw outflows in October. Between the 1st and the 14th, they recorded net outflows of around $539.8 million, including $261.5 million withdrawn on the 14th alone.
Meanwhile, Bitcoin recovered to $82,034, up 1.49% on the day at the time of the report.
Two key levels are now in focus: $80,000 as a support zone to watch, and $88,000 as resistance, where potential short-position liquidations are also concentrated.
For now, the number of whale wallets remains at an all-time high, while the derivatives market continues to show a significant bearish presence.
#BTC #crypto #TradingCommunity #TrendingTopic #futures
TRADE HERE ๐
BITCOIN: WHALE WALLETS HIT A RECORD AS BEARISH POSITIONS INCREASE.
According to Santiment, the number of addresses holding between 10 and 10,000 BTC reached 20,338, a new all-time high. The figure has been rising since mid-July, even during recent market corrections.
Santiment sees this trend as reflecting confidence among large holders, although it warns that Bitcoin could still face further declines in the short term.
Bearish pressure also increased in the futures market. The BTC funding rate fell to -0.0073%, signaling a greater presence of short positions.
U.S. spot ETFs also saw outflows in October. Between the 1st and the 14th, they recorded net outflows of around $539.8 million, including $261.5 million withdrawn on the 14th alone.
Meanwhile, Bitcoin recovered to $82,034, up 1.49% on the day at the time of the report.
Two key levels are now in focus: $80,000 as a support zone to watch, and $88,000 as resistance, where potential short-position liquidations are also concentrated.
For now, the number of whale wallets remains at an all-time high, while the derivatives market continues to show a significant bearish presence.
#BTC #crypto #TradingCommunity #TrendingTopic #futures
TRADE HERE ๐