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#BTCUSD Update: Institutional Bid Holds Near $84K
Order book: ~$37M asks stacked $85.1K–$87K (resistance); ~$21M bids $82K–$83.5K (support).
Spot ETFs: $2.4B weekly inflows (largest since Oct 2025); YTD now positive after $4.6B+ since mid-Aug.
24h: Extreme vol near $84K liquidated ~77–80K traders / ~$275–279M.
MVRV signal (Aug 20): 30d MA crossed 365d near $71.3K → +13% to ~$84.2K; ratio ~1.018 (early bull intact).
Whales: +30K BTC (~$2.57B) in 96h; one buyer 950 BTC avg $79.7K. 81% supply dormant >6mo.
Weekly break above May high intact if closes hold. Key short-term: $84K.
Conclusion: Strong ETF/whale demand + illiquid float keep upside bias. Resistance $85–87K remains the test.
#BTC #Bitcoin #Binance
$BTC
#BTCUSD Update: Institutional Bid Holds Near $84K
Order book: ~$37M asks stacked $85.1K–$87K (resistance); ~$21M bids $82K–$83.5K (support).
Spot ETFs: $2.4B weekly inflows (largest since Oct 2025); YTD now positive after $4.6B+ since mid-Aug.
24h: Extreme vol near $84K liquidated ~77–80K traders / ~$275–279M.
MVRV signal (Aug 20): 30d MA crossed 365d near $71.3K → +13% to ~$84.2K; ratio ~1.018 (early bull intact).
Whales: +30K BTC (~$2.57B) in 96h; one buyer 950 BTC avg $79.7K. 81% supply dormant >6mo.
Weekly break above May high intact if closes hold. Key short-term: $84K.
Conclusion: Strong ETF/whale demand + illiquid float keep upside bias. Resistance $85–87K remains the test.
#BTC #Bitcoin #Binance
$BTC
