$670M Wiped Out in 24 Hours. BTC Just Lost 80K Again!
đš $BTC just lost $80K again, the second time in about 10 days.
đ What happened
âą BTC touched a nine-day low of $79,750 as $670M of leveraged positions were wiped out in 24 hours
âą More than 213,000 traders were liquidated
âą It rebounded to around $80,600 on Oct 25, but the bounce looks fragile (Bitcoin Breaks Below $80,000 as $670 Million in Crypto Positions Vanish , BigGo Finance +2)
đ Smart money is quietly buying
âą Whales have accumulated ~243,000 BTC (over $20B) since July
âą CryptoQuant's annual whale net flow improved from -282K to -39K BTC, so selling pressure is fading (36crypto) (36crypto)
â ïž Why upside is capped
âą About $773M left US spot BTC ETFs on Oct 22â23
âą Geopolitical tensions, high oil prices and weak tech stocks are hurting risk appetite
âą $80K is roughly the average cost basis of corporate BTC treasuries (Glassnode). A sustained break would put the sector in unrealized loss. (Why Is Bitcoin Struggling to Recover Despite Rising Whale Accumulation? +2)
đŻ Levels to watch
âą Support: $80K
âą A reclaim of $83Kâ$85K would signal dip buyers are active (biggo)
đĄ My take: this looks like a leverage flush on top of steady whale accumulation, not a collapse in conviction. Over-leveraged longs get punished first.
Are you buying this dip or waiting for $75K? đ
#bitcoin #BTC #Liquidations #BinanceSquare
Not financial advice. DYOR.
#MarketsPriceJust10%ChanceOfFedHikeNextWeek
đš $BTC just lost $80K again, the second time in about 10 days.
đ What happened
âą BTC touched a nine-day low of $79,750 as $670M of leveraged positions were wiped out in 24 hours
âą More than 213,000 traders were liquidated
âą It rebounded to around $80,600 on Oct 25, but the bounce looks fragile (Bitcoin Breaks Below $80,000 as $670 Million in Crypto Positions Vanish , BigGo Finance +2)
đ Smart money is quietly buying
âą Whales have accumulated ~243,000 BTC (over $20B) since July
âą CryptoQuant's annual whale net flow improved from -282K to -39K BTC, so selling pressure is fading (36crypto) (36crypto)
â ïž Why upside is capped
âą About $773M left US spot BTC ETFs on Oct 22â23
âą Geopolitical tensions, high oil prices and weak tech stocks are hurting risk appetite
âą $80K is roughly the average cost basis of corporate BTC treasuries (Glassnode). A sustained break would put the sector in unrealized loss. (Why Is Bitcoin Struggling to Recover Despite Rising Whale Accumulation? +2)
đŻ Levels to watch
âą Support: $80K
âą A reclaim of $83Kâ$85K would signal dip buyers are active (biggo)
đĄ My take: this looks like a leverage flush on top of steady whale accumulation, not a collapse in conviction. Over-leveraged longs get punished first.
Are you buying this dip or waiting for $75K? đ
#bitcoin #BTC #Liquidations #BinanceSquare
Not financial advice. DYOR.
#MarketsPriceJust10%ChanceOfFedHikeNextWeek
