Bitcoin (CRYPTO: BTC) struggled to reclaim $84,000 as the broader crypto market remained cautious during renewed concerns over interest-rate hikes.
| Cryptocurrency | Ticker | Price |
| Bitcoin | (CRYPTO: BTC) | $83,783.63 |
| Ethereum | (CRYPTO: ETH) | $2,686.78 |
| Solana | (CRYPTO: SOL) | $121.09 |
| XRP | (CRYPTO: XRP) | $1.57 |
| Dogecoin | (CRYPTO: DOGE) | $0.09721 |
| Shiba Inu | (CRYPTO: SHIB) | $0.055837 |
Notable Statistics
- Coinglass data shows 79,553 traders were liquidated in the past 24 hours for $278.63 million.
- SoSoValue data shows net inflows of $190.7 million from spot Bitcoin ETFs on Thursday. Spot Ethereum ETFs saw net inflows of $66.01 million.
- In the past 24 hours, top gainers include Quant, Ethena and Aerodrome Finance.
Notable Developments
- Forget Bitcoin, XRP: These 2 Coins Could Explode This Weekend
- Ethereum Exchange Supply Hits Record Low as ETH Gains 10% — Is a Correction Next?
- Circle, Tether Freeze Hacker Wallet After Bitget’s $351 Million Heist: What’s Going On?
- Vitalik Buterin Says Ethereum Is Becoming ‘Much Bigger’ Than a Blockchain — Touts Optimism About ‘Huge Amount of Progress’
- Coinbase Is Preparing For A Customer That Can’t Open An Account
- XRP Surges 4% as Whales Bought $724 Million In 5 Days: What’s Going On?
- Bitcoin’s Rare August-September Streak Puts $100K In View This ‘Uptober’
- XRP, Solana Surge 22% After Clarity Act Failure as Regulatory Moves Lifts Coinbase, Robinhood
Trader Notes
Cryptoinsightuk noted that Bitcoin’s 2.3% pullback came with a much sharper 7.3%–9.15% drop in open interest, signaling a significant leverage flush.
Rising spot volume near $83,200 suggests buyers are defending the level, making it key near-term support.
If Bitcoin holds the $83,000–$77,000 support zone while short-term indicators reset, he sees scope for a move toward $93,500–$100,000, Kevin Capital said.
He expects that rally could be followed by a 10%–20% correction that establishes a macro higher low.
Trader exitpump highlighted that a persistent wall of sell orders around $85,000 on Binance has repeatedly capped Bitcoin. Continued consolidation below that level while altcoins rally could signal apre-dump setup and another potential flush.
Image: Shutterstock
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