Bitunix flags $82,800 as pivotal Bitcoin level as ETF demand weakens
- —US spot Bitcoin ETFs lost $484.9 million on October 7 and $244.1 million on October 8
- —Net outflows across the four sessions from October 5 reached about $700 million
- —Derivatives open interest fell from $28.162 billion to $27.134 billion
- —Bitcoin long liquidations hit $220.17 million versus $45.71 million in shorts
Why it matters: Reclaiming $82,800 with easing ETF outflows could open a move toward $85,000–87,000, while a break below $80,400 shifts focus to the $79,700–77,000 demand zone.
Source: Crypto Briefing