Crypto Market Morning Brief | 10.22
BTC surged to around 84,700 last night, squeezing short sellers. Across the market, liquidations totaled about $243 million over the past 24 hours, including $188 million in short positions—nearly 80% of the total. The price is still hovering above 84,000.
Asian tech stocks rebounded on strong earnings from SpaceX and Super Micro, lifting risk sentiment. Musk’s SpaceX and Tesla are reportedly discussing a merger; together, the two companies hold around 30,000 BTC.
ZEC also rallied, gaining more than 10% in 24 hours after developers set a date for its next upgrade.
As for ETFs, spot BTC ETFs saw net outflows of about 400 BTC on the 21st, while ETH ETFs continued to see outflows. Inflows haven’t been sustained enough, and prices haven’t yet broken decisively out of this range.
Today, watch to see whether BTC can hold above 84,000 and whether any new macro news emerges.
BTC surged to around 84,700 last night, squeezing short sellers. Across the market, liquidations totaled about $243 million over the past 24 hours, including $188 million in short positions—nearly 80% of the total. The price is still hovering above 84,000.
Asian tech stocks rebounded on strong earnings from SpaceX and Super Micro, lifting risk sentiment. Musk’s SpaceX and Tesla are reportedly discussing a merger; together, the two companies hold around 30,000 BTC.
ZEC also rallied, gaining more than 10% in 24 hours after developers set a date for its next upgrade.
As for ETFs, spot BTC ETFs saw net outflows of about 400 BTC on the 21st, while ETH ETFs continued to see outflows. Inflows haven’t been sustained enough, and prices haven’t yet broken decisively out of this range.
Today, watch to see whether BTC can hold above 84,000 and whether any new macro news emerges.