Hot Core CPI Leaves Bitcoin's Fate to Spot Flows
- —US core CPI: +0.3% m/m vs +0.2% consensus, +2.6% y/y
- —Bitcoin fell to $80,210, below the October 8 low of $80,347
- —Spot bitcoin ETFs recorded $261.4 million in net outflows on October 14
- —Liquidations on October 14–15 hit $1.02 billion, 90% longs
Why it matters: The third test of $81,300 support in eight days and rising short positioning will decide whether bitcoin holds its range or breaks lower.
Source: Bitfinex Blog