$BTC closed at $81,983 after testing $83,000 earlier today, but sellers are still active around $82,500 resistance. Glassnode data shows the $81k buy wall is the key support to watch — a break below could trigger deeper liquidations.
Liquidations are heating up. Over $241 million was wiped out in the last 24 hours alone, with CoinGlass reporting over $2B total including $1.11B in $BTC contracts.
On the institutional side, U.S. Spot Bitcoin ETFs saw $228.4 million in outflows from Oct 12-16, down 66.4% from the previous week. Bitfinex analysts warn this could lead to a third liquidation wave if futures positions keep rising while prices fall.
Are you buying this dip in $BTC and $ETH or waiting for $80k?
#Bitcoin #CryptoNews #BTC #ETH
Liquidations are heating up. Over $241 million was wiped out in the last 24 hours alone, with CoinGlass reporting over $2B total including $1.11B in $BTC contracts.
On the institutional side, U.S. Spot Bitcoin ETFs saw $228.4 million in outflows from Oct 12-16, down 66.4% from the previous week. Bitfinex analysts warn this could lead to a third liquidation wave if futures positions keep rising while prices fall.
Are you buying this dip in $BTC and $ETH or waiting for $80k?
#Bitcoin #CryptoNews #BTC #ETH