Bitcoin retreats to $80,800, putting $80,000 support at risk
- —BTC's rebound from $74,965 to $81,502 was 9.2%, but it failed to hold above $82,000
- —Spot demand per CryptoQuant is negative — minus 145,000 BTC, with the Coinbase Premium below zero
- —About $450 million was withdrawn from US spot bitcoin ETFs on September 15
- —Open interest fell 13.5% on a 5% price drop, with short liquidations concentrated in the $82,000–86,000 zone
Why it matters: Holding $80,000 will determine whether a new wave of selling begins or a rebound toward $86,000 unfolds via short liquidations.
Source: Blockmedia