📉 BITCOIN FALLS TO $81,383 DESPITE RECORD $527M ETF INFLOWS 🏛️⚡
Strong demand for BlackRock’s IBIT fund didn’t prevent BTC from falling below its 50-day moving average amid put-option hedging.
Key market points:
📥 Massive institutional inflows: ETFs attracted $526.7M USD in a single day; BlackRock (IBIT) alone contributed $665.2M USD.
🎯 Derivatives pressure: On Deribit, put options outnumbered call options 2 to 1, with heavy volume at the $80,000 USD strike price for October 30.
⚡ Leverage risk: Long positions suffered 69% of total market liquidations.
Do you think the $80,000 USD floor will withstand pressure from the derivatives market, or will we see a deeper test before the end-of-month expiry?
💬👇 Let me know in the comments!
#CryptoNews #BinanceSquare #CryptoTrading #TechnicalAnalysis #CryptoCommunity
$BTC
$ETH
$BNB
Strong demand for BlackRock’s IBIT fund didn’t prevent BTC from falling below its 50-day moving average amid put-option hedging.
Key market points:
📥 Massive institutional inflows: ETFs attracted $526.7M USD in a single day; BlackRock (IBIT) alone contributed $665.2M USD.
🎯 Derivatives pressure: On Deribit, put options outnumbered call options 2 to 1, with heavy volume at the $80,000 USD strike price for October 30.
⚡ Leverage risk: Long positions suffered 69% of total market liquidations.
Do you think the $80,000 USD floor will withstand pressure from the derivatives market, or will we see a deeper test before the end-of-month expiry?
💬👇 Let me know in the comments!
#CryptoNews #BinanceSquare #CryptoTrading #TechnicalAnalysis #CryptoCommunity
$BTC
$ETH
$BNB