๐จ BTC Bounces Back to $82,459 From $80K! 2 Big News Today ๐
1- US Government Moves $1 BILLION in Bitcoin! ๐บ๐ธ
Over $1B in BTC seized from Bitfinex hack moved to new wallets, $770M sent to Coinbase Prime. No confirmed sale yet, but fear of a big dump is in the market.
2- Biggest ETF Outflow Since June - $485M Out! ๐
On Oct 7, US Spot Bitcoin ETFs saw $484.9M outflow, biggest since June. BlackRock IBIT led. That's why BTC dropped to $80,496 and $1.02B got liquidated - 164K traders wiped.
Why The Recovery?
Trump said US will NOT strike Iran before Nov 3 election. Oil dropped from $93 to $90, BTC bounced from $80.3K to $82,459.
BTC now $82,459 (+0.96%) | Support $80K | Resistance $82,800 then $84K-$85K
Will this bounce sustain or will we see $75K? Comment below ๐
#Bitcoin #BTC #CryptoNews #ETF #USA #BinanceSquare #CryptoUpdate
1- US Government Moves $1 BILLION in Bitcoin! ๐บ๐ธ
Over $1B in BTC seized from Bitfinex hack moved to new wallets, $770M sent to Coinbase Prime. No confirmed sale yet, but fear of a big dump is in the market.
2- Biggest ETF Outflow Since June - $485M Out! ๐
On Oct 7, US Spot Bitcoin ETFs saw $484.9M outflow, biggest since June. BlackRock IBIT led. That's why BTC dropped to $80,496 and $1.02B got liquidated - 164K traders wiped.
Why The Recovery?
Trump said US will NOT strike Iran before Nov 3 election. Oil dropped from $93 to $90, BTC bounced from $80.3K to $82,459.
BTC now $82,459 (+0.96%) | Support $80K | Resistance $82,800 then $84K-$85K
Will this bounce sustain or will we see $75K? Comment below ๐
#Bitcoin #BTC #CryptoNews #ETF #USA #BinanceSquare #CryptoUpdate