Bitcoin reclaims $84,000 as short squeeze and ETF inflows lift market
- —Liquidations totaled $243 million in 24 hours, with $188 million (77.4%) in shorts
- —US spot bitcoin ETFs took in $526.6 million on Oct. 19 and $23.2 million on Oct. 20
- —ETH gained 2.3% to $2,493; XRP rose 4.62% to $1.38; ZEC jumped 11.96% to $1,352
- —The Fear and Greed Index stood at 55, in neutral territory
Why it matters: The rebound rests on forced short covering; a hold above $85,000 opens the path to $90,000, while a rejection risks a retest of $82,000.
Source: Blockmedia