The bounce did come, but it hasn’t really taken hold. Just before 2 p.m., $BTC had finished sweeping today’s low of 67568. The 2–3 p.m. candle climbed from around 68140 to 69074, briefly touching 69371 at 3 p.m. Spot volume was just over 1,600 coins, nowhere near the 4,000-plus coins in the sell-off candle at 11 a.m. It failed to hold, and is now back around 68740. It’s still down 6.6% over 24 hours, with a high/low of 73632 / 67568.
Sell orders are clustered overhead between 68800 and 69000, especially around 70 coins at 69000. Below, there’s a buy order of nearly 90 coins at 68700, then a little over 30 coins each at 68000 and around today’s low of 67500. $ETH bounced to around 1948 and is now near 1933; its daytime low is still 1895.95. $BNB climbed back to a high of 637 and is now around 631, with the low still at 622.41.
Farside’s figures for Thursday’s U.S. spot Bitcoin ETFs are still preliminary, showing net outflows of around $47.7 million. IBIT and FBTC are not included yet; the latest complete figure is Wednesday’s $299.8 million in net outflows. CoinDesk, citing SoSoValue, says these funds have seen cumulative net outflows of around $1.56 billion so far this year, after still being in net inflows at the end of October. October’s PPI is also due at 9:30 p.m. tonight. If this daytime bounce can’t clear 69000, the market may keep grinding sideways until the data comes out.
Can Bitcoin break through the 69000 resistance before tonight’s data?
Sell orders are clustered overhead between 68800 and 69000, especially around 70 coins at 69000. Below, there’s a buy order of nearly 90 coins at 68700, then a little over 30 coins each at 68000 and around today’s low of 67500. $ETH bounced to around 1948 and is now near 1933; its daytime low is still 1895.95. $BNB climbed back to a high of 637 and is now around 631, with the low still at 622.41.
Farside’s figures for Thursday’s U.S. spot Bitcoin ETFs are still preliminary, showing net outflows of around $47.7 million. IBIT and FBTC are not included yet; the latest complete figure is Wednesday’s $299.8 million in net outflows. CoinDesk, citing SoSoValue, says these funds have seen cumulative net outflows of around $1.56 billion so far this year, after still being in net inflows at the end of October. October’s PPI is also due at 9:30 p.m. tonight. If this daytime bounce can’t clear 69000, the market may keep grinding sideways until the data comes out.
Can Bitcoin break through the 69000 resistance before tonight’s data?