Bitunix analysts flag $82,800 as pivotal Bitcoin level as ETF demand weakens

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Bitunix analysts identified $82,800 as the first level Bitcoin needs to reclaim to regain momentum, with the price trading near $82,500 after rebounding from a low around $80,434. US spot Bitcoin ETFs recorded $729 million in net outflows over the past two trading sessions, with $484.9 million on October 7 and $244.1 million on October 8, erasing the $118.8 million inflow on October 6. Derivatives exposure declined, with open interest falling from $28.162 billion on October 6 to $26.972 billion on October 8. Long liquidations reached approximately $220.17 million against $45.71 million in shorts, a 4.8-to-one ratio. A sustained move above $82,800 with renewed spot demand could support another test of the $85,000 to $87,000 region, while a break below $80,400 would shift attention toward the $79,700 to $77,000 demand zone.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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