Bitcoin Needs 4.1% Rally to $84,856 to Save 'Uptober'
- —U.S. spot Bitcoin ETFs bled about $910 million over the past two weeks
- —Ethereum ETFs lost $954.77 million in the week to Oct. 16, outpacing Bitcoin funds
- —Nearly $950 million in leveraged positions were liquidated on Oct. 15, 90% longs
- —Only 4.4% of 6-12 month old coins hit exchanges, down from 40.4% in June
Why it matters: October's outcome hinges on ETF flows and the Fed's Oct. 27-28 meeting; a move back above $84,856 would signal renewed demand.
Source: CoinCodex