Bitcoin Back Above $84K as ETF Selling Eases and Shorts Unwind
- —$46.68 million in BTC liquidations over 24 hours, $39.61 million of them shorts
- —Futures volume rose 113% on Binance, 127% on OKX and 147% on Bybit
- —ETFs lost $487.1 million on Oct 7 and $244.1 million on Oct 8, then gained $21.1 million on Oct 9
- —Perpetual-futures open interest stood at about $66.37 billion
Why it matters: The bounce was driven by short covering rather than durable demand, with BTC still down 3.3% on the week; ETF flows and Fed signals will decide the next move.
Source: The Crypto Times