Bitfinex warns of third Bitcoin liquidation wave as ETF outflows slow 66%
- —Bitcoin ETFs shed $228.4 million in Oct. 12–16, versus $678.9 million a week earlier
- —Futures open interest grew 4.3% from Oct. 12 to 15 while BTC declined
- —A break below $79,821 could trigger forced selling in the $77,600–$80,400 band
- —A recovery above $84,400 would put the average ETF buyer back in profit
Why it matters: Rebuilt leverage without spot demand leaves the market exposed to another liquidation cascade below $79,821.
Source: crypto.news