Bitcoin Kicks Off 'Uptober' With a Swing Back to $85K
- —Bitcoin climbed to $85,000 after PCE data, with support near $83,500
- —BTC liquidations dropped to $35 million from over $80 million a day earlier
- —Longs made up 60% of liquidations; total crypto liquidations reached $193 million
- —Citi lifted its 12-month target to $113,000 from $82,000
Why it matters: The rebound to $85,000 and cooling liquidations signal lower volatility, but further gains hinge on ETF inflows.
Source: Bitcoin.com