Bitcoin holds $85,000 as market awaits proof ETF buyers stayed after payrolls
- —Bitcoin at $85,276, up 0.83% in 24 hours but below the $86,000 level seen before payrolls
- —Glassnode: $50 million in shorts liquidated in ten minutes at 04:20 UTC on Oct. 2
- —Open interest rose $2.1 billion before the jobs report and fell $1.5 billion after
- —US spot Bitcoin ETFs recorded $102 million in net inflows on Oct. 1, per Farside
Why it matters: Whether the recovery above $85,000 holds depends on ETF investors continuing to buy after the payrolls release, with Friday's flow data the next key test.
Source: CryptoSlate