Markets· ★★★★· bearish·

Bitcoin Under Pressure: $1.2B Liquidations and $729M ETF Outflows

  • —October 8 liquidations totaled $1.19 billion, with longs making up over $1 billion
  • —Ethereum saw $356 million in liquidations versus about $298 million for bitcoin
  • —Spot BTC ETF outflows: $484.9 million on October 7 and $244.1 million on October 8
  • —Brent crude rose about 4% to above $104 a barrel, adding to inflation pressure
Why it matters: Traders now await the October 14 CPI print, which will shape Fed rate expectations and bitcoin's next move.
#BTC#ETH
Source: Bithub
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