Bitcoin Holds Near $84K Ahead of US Jobs Report as 'Uptober' Hangs in the Balance
- —US spot Bitcoin ETFs posted $149 million in net outflows, snapping nine straight days of inflows totaling $3 billion
- —Short-term holders moved about 45,000 BTC to exchanges within 24 hours
- —Odds of a 25 bps Fed rate hike fell to roughly 36%, with a pause priced at about 64%
- —Options traders hold large open positions at $90,000, $95,000 and $100,000 strikes
Why it matters: Friday's jobs report will shape Fed rate expectations and could either fuel a Bitcoin rally in October or add to selling pressure.
Source: Newsbit