Bitcoin is holding above $81,000 despite heavy institutional ETF outflows and waning momentum in the tech sector.
Notable Statistics:
- Coinglass data shows 98,065 traders were liquidated in the past 24 hours for $253.93 million.
- SoSoValue data shows net outflows of $635.5 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net outflows of $110.5 million.
- In the past 24 hours, top gainers include Akedo, Pepe, and Dash.
Notable Developments:
- Bitcoin’s Rally Hits 3 Roadblocks: Can Bulls Shake Off ‘Black October’?
- Bitcoin Could Send to $100,000 if it Breaks $86,000, Top Analyst Predicts
- Evernorth CEO Shares Why He Chose XRP Over Bitcoin: ‘With BTC You Can’t Do Much On-Chain’
- Ripple Partners With Arf to Bring RLUSD Liquidity to XRP Ledger
- Bitcoin Could Crash $10,000 if Equities Drop 20%, Bloomberg’s McGlone Warns
- President Trump, World Liberty Financial Sued Over $2.5 Billion UAE Crypto Deals: Report
- Bitcoin to $1 Million? Don’t Expect 100X Returns Anymore, Dan Tapiero Says
Trader Notes:
Trader KillaXBT predicts Bitcoin could rally at least 5% as a major cycle pivot approaches in the coming days.
The trader noted that Bitcoin has moved against prevailing market sentiment in all 11 previous pivots over 600+ days, suggesting the current bearish outlook could trigger an upside reversal.
Cryptoinsightuk warned that Bitcoin could face another long squeeze as leverage builds despite prices remaining flat near recent lows.
“I think this weekend could be interesting,” he added pointing to geopolitical catalysts like Israeli elections.
Following Bitcoin’s decline from $84,000, open interest initially fell before rebounding 5.15% in BTC terms and 4.68% in dollar terms, signaling renewed leverage.
The trader expects a potential downside liquidity sweep, possibly triggered by broader market catalysts, and plans to buy altcoins such as Ethereum if prices fall further.
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