💰 BTC tapped support right at $82.8K and immediately bounced. There was even a chance to catch some falling knives. 👀
For anyone getting bored, you could look for a bounce entry. There are still plenty of bids sitting below, roughly $300M in buy orders around $81K–$83K. 📊 #btcupdates $BTC
I’d take this as a spot trade, ideally near $0.040. From there, the first target alone offers 2:1 reward-to-risk before fees, so I don’t need the full move to $0.078 to make it worthwhile.
Crypto lending-vault deposits grew from $1.5 billion to about $10 billion in two years, according to S&P.
Its new framework weighs factors including curator decisions, liquidity and smart-contract security. The grades are opinions on relative impairment risk, not credit ratings or guarantees that investors will recover their capital.
BTC is trading inside $82.5K–$87.2K, sweeping liquidity on both sides. This chop could last until month-end, with brief moves outside the range. Why then? The late-October Fed decision and U.S. elections in early November could trigger the next major move.
The election outcome could shift expectations across stocks and crypto. Trump has also tied his $5K payment pledge to Republicans retaining Congress, adding another factor to watch.
This isn’t a forecast, just a thought on the next potential catalyst. A rally or a sharp correction could follow. Recent months have shown how irrational markets can be, so anything remains possible, even a sudden flush toward $70K tomorrow #btcnews $BTC
🇺🇸 "The CFTC is doing its part to deliver clear rules of the road for crypto asset markets with its advanced notice of proposed rulemaking on Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets," says Chairman Mike Selig.