Markets· ★★★· neutral·

Bitfinex: Bitcoin shorts build up as price falls, institutional money stays put

  • —Open interest climbed 4% to 645,700 BTC ($52.5B) after the CPI release
  • —Liquidations from Oct 12–15 hit $2B, with $918M in longs
  • —Funding rates swung between -4.5% and 7% annualized without holding extremes
  • —CME accounts for roughly 110,000 BTC of open interest, 17% of the total
Why it matters: A hold above $81,300 could trap shorts opened at $80,200–81,700 and push bitcoin toward $83,000.
#BTC
Source: TokenPost
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