Bitcoin Spikes to $83,470 on Short Liquidations, Then Retraces to $82,085
- —Bitcoin hit $83,470 on short liquidations, the biggest since Oct. 2
- —Price retraced to $82,085 after the spike
- —The $82,000 level is seen as key near-term support
- —Traders eye spot ETF inflows this week for further direction
Why it matters: ETF inflows could fuel another leg up, but the quick retrace highlights how fragile liquidation-driven rallies can be.
Source: Coinfomania