Bitcoin Jumps Toward $87K as $90M in Shorts Liquidated, ETF Inflows Return
- —Over $120 million in shorts liquidated in one hour on October 2, about $90 million in BTC
- —Total 24-hour liquidations hit $326 million, with $123 million in Bitcoin shorts
- —Spot Bitcoin ETFs drew $102.7 million in inflows; IBIT led with $195.6 million
- —Odds of an October Fed rate hike fell from 65% to 26%
Why it matters: With the $85,000 sell wall cleared and ETF demand returning, Bitcoin's next major liquidation cluster sits near $92,466.
Source: CoinGape