Bitcoin holds $85K as CFTC opens rulemaking; altcoins mixed
- —BTC at $85,672 (+0.30%), intraday high $86,969 before sliding to $85,503
- —$109M in BTC liquidations in 24 hours: $62M shorts, $47M longs
- —Open interest up 10.73% to $395.6B; derivatives volume jumped 167.85%
- —Bitcoin ETFs drew $241M, a third straight week of inflows
Why it matters: The fight over $85,000 sets the near-term trend: a break above $87,000–88,000 opens $90,000, while losing $84,000 risks a drop to $82,000.
Source: Blockmedia