according to the materials of the site - By Bitcoin Sistemi EN
The analytical company warns: "If this does not happen with Bitcoin, it could drop to $90,000."
The cryptocurrency analyzing company Glassnode published an impressive analysis of the latest changes in the Bitcoin market.
According to the report, the price of Bitcoin has lost a key risk zone, falling below the basis quantile value of 0.95. Glassnode noted that this level usually signals profit-taking zones, and stated that a return to the zone would be a signal of strength, but otherwise, the price could retreat to support levels in the range of $105,000–$90,000.
Meanwhile, in recent days, there has been a slight outflow of funds in American spot Bitcoin ETFs after a strong inflow in September. Glassnode noted that the overall trend of accumulating funds continues, but the slowdown in inflows may signal a temporary pause in institutional demand.
A noticeable decline was also observed in the futures markets. With the price of Bitcoin around $113,000, open interest in futures fell from $44.8 billion to $42.8 billion. Glassnode stated that this process of reducing debt burden decreases speculative positions, which may stabilize the derivatives markets and reduce the risk of forced liquidation.
$BTC , $XRP , $BNB
#Сryptomarketnews , #CryptoRally
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