Analyst Cowen: the 21st has marked a local Bitcoin top three months running
- —Longs accounted for $91.19M of $95.22M in liquidations over four hours
- —Largest single liquidation was an $11.78M BTC long on Binance at $83,526
- —Bitcoin open interest reached $23.4B ahead of the failed breakout
- —Glassnode flags resistance at $85K–$87.5K and support at $80K
Why it matters: The 21st-of-the-month pattern and the $82,600 level will decide whether October confirms a reversal or extends the run of local tops.
Source: BeInCrypto FR