Bitcoin Pulls Back From $87K: Crash Or Healthy Reset? 📉⚡️
$BTC pulled back after an aggressive +$10,000 run in under 3 days that peaked at $87,300.
While the drop sparked fear, underlying data shows an orderly flush of paper leverage. Before the dip, futures open interest reached near $60B as retail crowded longs. That foam wiped out over $400M in long liquidations, dropping open interest to $57.2B and flipping the long/short ratio to 0.86 as late shorts piled in. 📊
While paper traders got washed out, real cash kept buying. US spot Bitcoin ETFs absorbed $999M on 21 September, $714.7M on 22 September, and $180M+ on 23 September, totaling roughly $1.9B led by BlackRock. 💰🏦
Friday brings $15.9B in options expiring on Deribit:
🔹 Funds already rolled contracts forward to avoid time decay.
🔹 Market makers hedge books continuously in real time.
When paper longs get wiped while spot ETFs absorb heavy daily volume, pullbacks build rock-solid bottoms. 🛡️
are you buying this dip or waiting for Friday? 👇
#Bitcoin #BTC #Crypto
$BTC pulled back after an aggressive +$10,000 run in under 3 days that peaked at $87,300.
While the drop sparked fear, underlying data shows an orderly flush of paper leverage. Before the dip, futures open interest reached near $60B as retail crowded longs. That foam wiped out over $400M in long liquidations, dropping open interest to $57.2B and flipping the long/short ratio to 0.86 as late shorts piled in. 📊
While paper traders got washed out, real cash kept buying. US spot Bitcoin ETFs absorbed $999M on 21 September, $714.7M on 22 September, and $180M+ on 23 September, totaling roughly $1.9B led by BlackRock. 💰🏦
Friday brings $15.9B in options expiring on Deribit:
🔹 Funds already rolled contracts forward to avoid time decay.
🔹 Market makers hedge books continuously in real time.
When paper longs get wiped while spot ETFs absorb heavy daily volume, pullbacks build rock-solid bottoms. 🛡️
are you buying this dip or waiting for Friday? 👇
#Bitcoin #BTC #Crypto
