$BTC Tests $82K Support After Another Rejection at $87K
Bitcoin slipped to about $82,650 on Oct 8. Here is what sits behind the move:
🔸 $546M liquidated in 24h, 88% longs, with perp open interest near $69B
🔸 Spot ETFs recorded about $487M in net outflows on Oct 7
Macro: Fed minutes signal another hike is likely by year-end, and the 10-year yield is at its highest since 2002.
Scenario map:
Hold 82K and reclaim 84K: range stabilizes, but a reclaim is not a confirmed retest.
Lose 82K: 81.5K comes into view.
Sustained close above 87K with steady ETF inflows: the range view weakens.
Leverage is stacked and macro is tight. This is a position-sizing market, not a conviction market. Verify first. Risk later. Scale slowly.
#Bitcoin #BinanceSquare
Bitcoin slipped to about $82,650 on Oct 8. Here is what sits behind the move:
🔸 $546M liquidated in 24h, 88% longs, with perp open interest near $69B
🔸 Spot ETFs recorded about $487M in net outflows on Oct 7
Macro: Fed minutes signal another hike is likely by year-end, and the 10-year yield is at its highest since 2002.
Scenario map:
Hold 82K and reclaim 84K: range stabilizes, but a reclaim is not a confirmed retest.
Lose 82K: 81.5K comes into view.
Sustained close above 87K with steady ETF inflows: the range view weakens.
Leverage is stacked and macro is tight. This is a position-sizing market, not a conviction market. Verify first. Risk later. Scale slowly.
#Bitcoin #BinanceSquare