Bitcoin was trading near $84,000 after a third failed attempt in ten days to break above its yearly high at $87,700. According to Bitfinex, the next move will depend more on renewed spot demand than on increased futures leverage. Net flows into US spot Bitcoin ETFs reached $241.1 million between September 28 and October 2, down 90% from the $2.39 billion recorded a week earlier. Futures open interest dropped to approximately 625,000 BTC, its lowest level since January 1. Bitfinex expects consolidation between $84,000 and the yearly open, with key support at $82,600.
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