$BTC got rejected around $87,300 TWICE... and now everyone is suddenly worried again đ
Bitcoin is back around $83.8K, down almost 3.5% today... while $ETH dropped from $2,807 to $2,635 and is now sitting around $2,670.
But this is where things get interesting...
US Spot Bitcoin ETFs just recorded 4 straight days of inflows totaling around $2.31 BILLION đ
Sept 22 alone brought around $714.7M into BTC ETFs... after almost $999M the previous session.
And remember what happened on the way UP?
The breakout triggered around $919M in crypto SHORT liquidations, including more than $557M in BTC shorts.
Now we are getting the other side of leverage flushed as BTC corrects from $87.3K.
Technically i am watching one level more than anything...
$82K-$82.5K.
That was the resistance BTC struggled with before this breakout... now i want to see buyers defend that area if this correction gets deeper.
For $ETH ... $2,630-$2,650 is the immediate support for me, then $2,530 if market gets another flush.
So no... a dump from $87K to $83K after that massive run doesn't suddenly make me bearish đ
ETF money is still coming in... leverage got overheated... and now market is testing whether that breakout actually has real support behind it.
$82.5K holds = i am still watching $87.3K and then $90K again.
Lose it cleanly... then i become much more careful.
#BitcoinRejectedAt$87,300Twice
#SpotBitcoinETFsInflows$2.31BInFourDays
Bitcoin is back around $83.8K, down almost 3.5% today... while $ETH dropped from $2,807 to $2,635 and is now sitting around $2,670.
But this is where things get interesting...
US Spot Bitcoin ETFs just recorded 4 straight days of inflows totaling around $2.31 BILLION đ
Sept 22 alone brought around $714.7M into BTC ETFs... after almost $999M the previous session.
And remember what happened on the way UP?
The breakout triggered around $919M in crypto SHORT liquidations, including more than $557M in BTC shorts.
Now we are getting the other side of leverage flushed as BTC corrects from $87.3K.
Technically i am watching one level more than anything...
$82K-$82.5K.
That was the resistance BTC struggled with before this breakout... now i want to see buyers defend that area if this correction gets deeper.
For $ETH ... $2,630-$2,650 is the immediate support for me, then $2,530 if market gets another flush.
So no... a dump from $87K to $83K after that massive run doesn't suddenly make me bearish đ
ETF money is still coming in... leverage got overheated... and now market is testing whether that breakout actually has real support behind it.
$82.5K holds = i am still watching $87.3K and then $90K again.
Lose it cleanly... then i become much more careful.
#BitcoinRejectedAt$87,300Twice
#SpotBitcoinETFsInflows$2.31BInFourDays
