Overview
- Bitcoin traded near $80,000 on Monday and has slipped below the 50‑day moving average, leaving the $82,000–$82,500 area as immediate resistance.
- Crypto platforms reported large short‑term liquidations in the last 24 hours ranging roughly from $550 million to $810 million, with the bulk of losses coming from long positions.
- U.S. spot Bitcoin ETFs recorded combined withdrawals of about $773.5 million across two sessions, which analysts say has weakened near‑term institutional demand.
- A packed macro calendar — the Federal Reserve decision, an estimated $11 billion Bitcoin options expiry, and U.S. midterm elections — raises the chance of heightened volatility that could push BTC toward $78,000–$75,000 or lower if support fails.
- On‑chain and derivatives flows show rising retail inflows to exchanges, falling whale deposits, and a rotation into TradFi perpetuals on crypto venues, a shift that is changing liquidity and the risk of sharper moves for traders and savers.