๐จ BTC JUST RECLAIMED $83K โ BUT $1.48B OF US GOVERNMENT BITCOIN JUST HIT COINBASE!
Bitcoin swept to its October low of $80,420 on Thursday, then buyers stepped in to reclaim $83,000 on Friday. Meanwhile $2.16B of BTC and ETH options settled at 08:00 UTC โ with Bitcoin trading below the $84K max-pain level.
Here's the catch:
๐ US spot BTC ETFs lost $244M Thursday, a second straight outflow day โ combined October outflows now sit at $986M.
๐ US authorities moved 17,733 BTC ($1.48B) to Coinbase Prime, triggering $859M in forced long liquidations.
๐ XRP held $1.39โ$1.40 and kept pulling institutional inflows while majors bled โ and XRPN lists on Nasdaq this Monday.
Expiry pulled the pin out of the market: thinner liquidity means bigger weekend moves.
Hold $83K on daily closes and $84โ86K resistance comes into play. Lose it, and $80K reopens.
Is $83K the local bottom โ or a bull trap? ๐
Not financial advice โ educational purposes only.
#BitcoinReboundsTo$83K #Bitcoin #crypto #Ethereum
$BTC $ETH $XRP
Bitcoin swept to its October low of $80,420 on Thursday, then buyers stepped in to reclaim $83,000 on Friday. Meanwhile $2.16B of BTC and ETH options settled at 08:00 UTC โ with Bitcoin trading below the $84K max-pain level.
Here's the catch:
๐ US spot BTC ETFs lost $244M Thursday, a second straight outflow day โ combined October outflows now sit at $986M.
๐ US authorities moved 17,733 BTC ($1.48B) to Coinbase Prime, triggering $859M in forced long liquidations.
๐ XRP held $1.39โ$1.40 and kept pulling institutional inflows while majors bled โ and XRPN lists on Nasdaq this Monday.
Expiry pulled the pin out of the market: thinner liquidity means bigger weekend moves.
Hold $83K on daily closes and $84โ86K resistance comes into play. Lose it, and $80K reopens.
Is $83K the local bottom โ or a bull trap? ๐
Not financial advice โ educational purposes only.
#BitcoinReboundsTo$83K #Bitcoin #crypto #Ethereum
$BTC $ETH $XRP