AMB CryptoBitcoin price nears $80K – Why $402M BTC ETF outflows threaten ‘Uptober’
Bitcoin price nears $80K – Why $402M BTC ETF outflows threaten ‘Uptober’
The Bitcoin regime score needs to push above zero, and the price needs to recover back above $83.2k and $84k resistance to signal a recovery.
On the 7th and 8th of October, the crypto long liquidations totaled a remarkable $1.707 billion. Since the market rally began in mid-August, bears have largely borne the brunt of liquidation events. For example, there were $924.8 billion in short liquidations on the 21st of September, and $1.259 billion worth of short liquidations on the 21st of August. The sudden turnaround was part of the Bitcoin [BTC] correction that was extending toward the $80k mark and could go lower.
The anticipated "Uptober"
