Shorts are getting squeezed as the battle between bulls and bears intensifies
BTC 81,351, ETH 2,399. Overnight, ETH fell below the 2,400 mark, while BTC traded weakly above 81,000. The Fear & Greed Index is at 55, in neutral territory. Market sentiment is cautious, but not yet fearful.
Liquidation data: Shorts are getting squeezed. Over the past 24 hours, total liquidations across the market reached $183 million. Short liquidations accounted for $107 million, far exceeding the $75.93 million in long liquidations. The largest single liquidation was a BTC-USD position on Hyperliquid, worth $23.35 million. The crowded-long setup is starting to unwind, and shorts are beginning to pay the price.
ETF flows: Back and forth. On October 16, spot BTC ETFs saw net outflows of $82.39 million, with BlackRock’s IBIT alone accounting for $71.78 million. But flows quickly reversed the next day, with $175.7 million in net inflows, led by Fidelity with $103.1 million. Capital flows are reversing from one day to the next, and institutional demand is highly unstable—one of the main reasons the current rebound lacks momentum.
Key levels:
BTC faces short-term resistance at 81,600–81,800; a break above that could open the way to 82,500. Support lies at 80,800–80,500; if that gives way, watch the psychological 80,000 level. For ETH, 2,450–2,480 is a dense short zone, and a failure to hold above it would make this a weak rebound. The key support zone is 2,380–2,400; a further break could send it toward 2,350.
In short: Shorts are starting to get liquidated, but ETF flows remain volatile, and bulls and bears are battling fiercely at key levels. Don’t chase shorts or try to catch the bottom. Wait for BTC to hold above 81,800 or ETH to reclaim 2,450 before considering a small long position. Liquidity is thin in the early hours, increasing the risk of sharp wicks, so manage your position size carefully.
BTC 81,351, ETH 2,399. Overnight, ETH fell below the 2,400 mark, while BTC traded weakly above 81,000. The Fear & Greed Index is at 55, in neutral territory. Market sentiment is cautious, but not yet fearful.
Liquidation data: Shorts are getting squeezed. Over the past 24 hours, total liquidations across the market reached $183 million. Short liquidations accounted for $107 million, far exceeding the $75.93 million in long liquidations. The largest single liquidation was a BTC-USD position on Hyperliquid, worth $23.35 million. The crowded-long setup is starting to unwind, and shorts are beginning to pay the price.
ETF flows: Back and forth. On October 16, spot BTC ETFs saw net outflows of $82.39 million, with BlackRock’s IBIT alone accounting for $71.78 million. But flows quickly reversed the next day, with $175.7 million in net inflows, led by Fidelity with $103.1 million. Capital flows are reversing from one day to the next, and institutional demand is highly unstable—one of the main reasons the current rebound lacks momentum.
Key levels:
BTC faces short-term resistance at 81,600–81,800; a break above that could open the way to 82,500. Support lies at 80,800–80,500; if that gives way, watch the psychological 80,000 level. For ETH, 2,450–2,480 is a dense short zone, and a failure to hold above it would make this a weak rebound. The key support zone is 2,380–2,400; a further break could send it toward 2,350.
In short: Shorts are starting to get liquidated, but ETF flows remain volatile, and bulls and bears are battling fiercely at key levels. Don’t chase shorts or try to catch the bottom. Wait for BTC to hold above 81,800 or ETH to reclaim 2,450 before considering a small long position. Liquidity is thin in the early hours, increasing the risk of sharp wicks, so manage your position size carefully.