Bitcoin Closes Below 50-Day SMA for First Time Since August
- —BTC closed below its 50-day SMA for the first time since August, now at $81,715
- —The 0.618 Fibonacci level at $82,614 now acts as resistance
- —Open interest is $54.09 billion with funding still positive at 0.0068%
- —US spot Bitcoin ETFs saw net outflows of 3,964 BTC (~$322 million) on Oct. 22
Why it matters: Compressed volatility and the loss of key support raise the risk of a sharp weekend move as thinner offshore perpetual liquidity sets prices.
Source: BeInCrypto
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