#BitcoinSurpasses$82K
📉 #bitcoin dropped 0.97% to $81,486 on October 23 after failing to hold its rebound near $85,000. Selling pressure also weighed on $ETH , $XRP , SOL and DOGE.
🚨 What’s driving the pullback?
🏦 ETF reversal: U.S. spot #BitcoinETFs! recorded $635.49M in net outflows on October 22, ending a three-session inflow streak that attracted roughly $1.08B.
💥 Liquidations: Around $388M in crypto positions were liquidated over 24 hours, affecting approximately 89,600 traders.
🌍 Macro pressure: Brent crude above $100 and ongoing Gulf tensions are adding to inflation and liquidity concerns.
📊 Key $BTC levels to watch:
Resistance: $82,559–$82,900
Support: $81,000 and $80,000
🔻 Below $80K, the $78,400–$79,700 zone could come into focus.
🚀 Reclaiming $82,900 could help invalidate the near-term bearish setup.
#Write2Earn
📉 #bitcoin dropped 0.97% to $81,486 on October 23 after failing to hold its rebound near $85,000. Selling pressure also weighed on $ETH , $XRP , SOL and DOGE.
🚨 What’s driving the pullback?
🏦 ETF reversal: U.S. spot #BitcoinETFs! recorded $635.49M in net outflows on October 22, ending a three-session inflow streak that attracted roughly $1.08B.
💥 Liquidations: Around $388M in crypto positions were liquidated over 24 hours, affecting approximately 89,600 traders.
🌍 Macro pressure: Brent crude above $100 and ongoing Gulf tensions are adding to inflation and liquidity concerns.
📊 Key $BTC levels to watch:
Resistance: $82,559–$82,900
Support: $81,000 and $80,000
🔻 Below $80K, the $78,400–$79,700 zone could come into focus.
🚀 Reclaiming $82,900 could help invalidate the near-term bearish setup.
#Write2Earn