Bitcoin traded between $77,000 and $77,500 overnight following the Binance hack and the clearing out of leveraged positions. US spot ETFs recorded net outflows of $643.3 million on Friday, while the $75,000 support held after the price fell to $76,140. Liquidations over 24 hours fell to $397.7 million, although 77% still involve long positions, and the Fear and Greed index remains near 35 out of 100. Binance’s planned withdrawal reopening on Sunday, Tuesday’s midterm elections and prospects of Federal Reserve rate hikes will drive the coming week, despite the hacker still holding 18,270 BTC that cannot be frozen.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
