Bitcoin holds near $84,200 as selling pressure eases and exchange outflows resume
- —Bitcoin at $84,200, up 0.3% daily and about 9% weekly
- —XRP gains 2.6% to $1.53, up 15.7% over the week
- —Open interest down roughly 10% since the weekend
- —CryptoQuant: BTC exchange outflows concentrated in a single day, no clear trend yet
Why it matters: Falling open interest and funding suggest leverage has been flushed out after the selloff, setting up a cleaner base, though exchange outflows do not yet confirm a trend.
Source: BTC-ECHO