Overview
- Bitcoin fell under $100,000 for the second time this week before bouncing near the $100,000 to $103,000 range, leaving it down roughly 9% over seven days.
- Market trackers report roughly $640 million to $713 million in crypto liquidations over 24 hours, including close to $295 million tied to Bitcoin positions.
- U.S. spot Bitcoin ETFs broke a six-day outflow streak with about $239 million to $240 million in net inflows, though recent weeks still show sizable net redemptions and softer demand.
- On-chain data shows a surge of short-term ‘young coin’ inflows to exchanges—about $26 billion in October—while long-term holders have reduced supply by roughly 300,000 BTC since July.
- Traders are watching the 50-week and 365-day moving averages around $102,000, the short-term holder cost basis near $112,500, and a CME gap at $92,000 to $93,000, as macro liquidity signals wobble and JPMorgan argues post-deleveraging value versus gold.