Bitcoin drops 4% as CryptoQuant warns of capitulation, Santiment sees a bear trap
- —Short-term holders moved 45.6K BTC to exchanges in 24 hours, 29.1K at a loss
- —Key bull-market level sits at $74.6K, Bitcoin's short-term holder realized price
- —Net realized profits exceeded losses by $3.3B between Oct. 2 and Oct. 8
- —$3.3B in short positions at risk of liquidation if BTC moves toward $85K
Why it matters: Holding $74.6K keeps the early bull structure intact; a break below would open the door to deeper losses.
Source: Cryptonews.net