Markets· ★★★· neutral·

Bitcoin rebounds to $84,659 but stalls below $85,000 on ETF outflows and oil spike

  • —Bitcoin +1.26% to $84,659; Ethereum +0.55% to $2,699; XRP +0.19% to $1.49
  • —US spot bitcoin ETFs saw $148.7 million in net outflows, ending a nine-day inflow streak
  • —BAER fell from 25.6x on Sept. 21 to 1.8x on Sept. 29; roughly $190 million in daily ETF inflows needed to break out
  • —$190.2 million liquidated in 24 hours, with 66.7% of BTC positions being shorts
Why it matters: A break above $85,000 hinges on ETF inflows recovering and the path of oil prices and US Treasury yields.
#BTC#ETH#XRP
Source: Blockmedia
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