Bitcoin experienced significant volatility on September 9th, rallying to $79,760 before retracing 2.49% to $77,770. This movement triggered $386.58 million in liquidations, with $269.96 million in long positions and $116.62 million in short positions forcibly closed. Spot Bitcoin ETF flows showed outflows of $166.8 million over two consecutive trading days, indicating weakening institutional demand. Rising oil prices reignited inflation acceleration fears, while the U.S. Federal Reserve rate hike probability reached 60.2%. Despite the correction, the critical $76k demand zone held firm, preserving recovery hopes.
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