Markets· ★★★· bearish·

Bitcoin at $85K: retail-driven rally faces whale selling and squeeze risk

  • —Bitcoin failed to hold above $86,000 and fell back to $85,000
  • —Whales have been sending BTC to exchanges since September 15 to sell
  • —BlackRock's IBIT saw more than $380 million in daily inflows
  • —Open interest is building on the retail long side
Why it matters: Without steady institutional demand the rally is fragile, and crowded retail longs raise the risk of a long squeeze if support breaks.
#BTC
Source: The Cryptonomist (IT)
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