Bitcoin Holds $85,500 as $172M Liquidations and ETF Outflows Hit Before Fed Minutes
- —24-hour liquidations totaled $172.45 million: $101.3 million in longs and $71.14 million in shorts
- —Spot Bitcoin ETFs posted $89.8 million in net outflows on October 5, reversing a $189.9 million inflow on October 2
- —Strategy bought 334 BTC for $28.7 million at an average price of $85,838.80
- —Open interest in perpetual futures stood at about $68.95 billion
Why it matters: Without steady spot buying, futures-driven rallies toward $87,000 have failed to hold, and the Fed minutes plus inflation data will set the next direction.
Source: The Crypto Times