Bitcoin at $84K: Next Wave of Shorts Sits at $86K–$88K
- —BTC closed the week at $83,773 after a $80,393 low, down 3.2% week over week
- —About $140 million in shorts were liquidated; 93.3% of $26.34 million in BTC liquidations were shorts
- —ETH shorts lost $29.5 million, STRK $15.82 million and NEAR $7.18 million
- —U.S. spot bitcoin ETFs posted $681 million in net outflows from Oct. 5 to Oct. 9
Why it matters: A dense short cluster at $86K–$88K could fuel a squeeze on a breakout, but weak spot demand and ETF outflows cap upside momentum.
Source: Bitcoin.com