๐ October 21 | Live Analysis | Longs and shorts both take a hit, but Bitcoin ETF flows shift
BTC is trading sideways in the 82,200โ82,500 range, while ETH is consolidating weakly at 2,543.
Liquidation data: Both longs and shorts took a hit. Over the past 24 hours, total liquidations across the market reached $406 million: $225 million in short positions and $181 million in long positions. ETH short liquidations totaled $82.94 million, while BTC short liquidations totaled $78.34 million, meaning bears suffered heavier losses during the rebound. The largest single liquidation was on Hyperliquid in ETH-USD, valued at $12.28 million. Both bulls and bears are getting battered.
ETF flows: A reversal signal has emerged. Bitcoin ETFs saw daily net inflows of $297.56 million, including $160.23 million into BlackRock's IBIT and $111.9 million into Fidelity's FBTC. Ethereum ETFs also recorded net inflows of $30.85 million, including $25.9 million into BlackRock's ETHA. After BTC ETFs saw $228 million in net outflows and ETH ETFs saw $320 million in outflows the previous week, these renewed inflows are a positive sign.
Whale bets on a rally. A whale has opened large long positions in BTC and ETH on Hyperliquid, totaling $140.88 million. The positions include 1,236 BTC ($102.2 million) and 15,928 ETH ($38.67 million).
Today's focus: Solana's Alpenglow upgrade. The mainnet beta migration is scheduled for October 21 at 14:50 UTC, reducing transaction finality time from 12.8 seconds to 150 milliseconds. SOL holders should watch for market volatility before and after the upgrade.
Macro headwinds remain. High U.S. Treasury yields, a strong dollar, rising oil prices, and a hawkish Federal Reserve continue to weigh on risk assets.
Key levels: Resistance for BTC lies at 82,500โ83,800, while 80,607 is key support at the 50-day EMA. For ETH, 2,543 is near-term resistance and 2,500 is a psychological level; a break below it could bring the 200-day EMA at 2,345 into view.
In a nutshell: The reversal to ETF inflows is a positive sign, but macro headwinds remain unresolved. Don't chase shorts; wait for a pullback to confirm support before considering a small long position. Solana's upgrade goes live today, so watch for volatility in SOL.
BTC is trading sideways in the 82,200โ82,500 range, while ETH is consolidating weakly at 2,543.
Liquidation data: Both longs and shorts took a hit. Over the past 24 hours, total liquidations across the market reached $406 million: $225 million in short positions and $181 million in long positions. ETH short liquidations totaled $82.94 million, while BTC short liquidations totaled $78.34 million, meaning bears suffered heavier losses during the rebound. The largest single liquidation was on Hyperliquid in ETH-USD, valued at $12.28 million. Both bulls and bears are getting battered.
ETF flows: A reversal signal has emerged. Bitcoin ETFs saw daily net inflows of $297.56 million, including $160.23 million into BlackRock's IBIT and $111.9 million into Fidelity's FBTC. Ethereum ETFs also recorded net inflows of $30.85 million, including $25.9 million into BlackRock's ETHA. After BTC ETFs saw $228 million in net outflows and ETH ETFs saw $320 million in outflows the previous week, these renewed inflows are a positive sign.
Whale bets on a rally. A whale has opened large long positions in BTC and ETH on Hyperliquid, totaling $140.88 million. The positions include 1,236 BTC ($102.2 million) and 15,928 ETH ($38.67 million).
Today's focus: Solana's Alpenglow upgrade. The mainnet beta migration is scheduled for October 21 at 14:50 UTC, reducing transaction finality time from 12.8 seconds to 150 milliseconds. SOL holders should watch for market volatility before and after the upgrade.
Macro headwinds remain. High U.S. Treasury yields, a strong dollar, rising oil prices, and a hawkish Federal Reserve continue to weigh on risk assets.
Key levels: Resistance for BTC lies at 82,500โ83,800, while 80,607 is key support at the 50-day EMA. For ETH, 2,543 is near-term resistance and 2,500 is a psychological level; a break below it could bring the 200-day EMA at 2,345 into view.
In a nutshell: The reversal to ETF inflows is a positive sign, but macro headwinds remain unresolved. Don't chase shorts; wait for a pullback to confirm support before considering a small long position. Solana's upgrade goes live today, so watch for volatility in SOL.