Markets· ★★★★· neutral·

Bitcoin Rally Fizzles Despite Over $1 Billion in ETF Inflows

  • —Bitcoin fell from $84,835 to $82,802, wiping out about $2,000 in a couple of hours
  • —24-hour liquidations hit $349.72 million, with shorts at 53.6% and BTC positions at $129.13 million
  • —US spot Bitcoin ETFs took in over $1 billion this week, IBIT alone about $930 million
  • —Glassnode: a close above $87,500 confirms demand, below $80,000 opens the door to $77,600
Why it matters: Traders are watching the Fed meeting on October 27–28 and MSCI's index removals due November 11 for the next directional signal.
#BTC
Source: Crypto News Australia
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