Bitcoin Fails to Hold $87K as Whale Activity and Leverage Cap Rally Toward $90K
- —Exchange Whale Ratio climbed to 0.30–0.35 with large-value BTC transactions elevated
- —Bitcoin open interest rose by about $2.3 billion (27,000 BTC) between Sept 30 and Oct 2
- —U.S. spot Bitcoin ETFs took in $102.7 million on Oct 1 and $189.9 million on Oct 2
- —10-year Treasury yield near 5.26% and oil above $100 remain headwinds for risk assets
Why it matters: Without a convincing spot-driven break above $87,000–87,500, rising leverage could trigger long unwinds and a slide toward $85,000 support.
Source: Coinpedia