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Bitcoin’s weekend rebound faces an $80,400 test after nearly $730 million in ETF outflows

CryptoSlate
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Bitcoin’s weekend rebound faces an $80,400 test after nearly $730 million in ETF outflows

Bitcoin traded near $82,900 in PerpFinder’s Oct. 10, 09:36 UTC snapshot, with traders watching whether the weekend rebound brings fresh leverage or further position unwinding. The same snapshot put Binance BTC futures open interest at $7.70 billion and showed longs receiving funding, indicating negative funding. Saturday’s Deribit expiry has already settled at 08:00 UTC; Sunday’s […] The post Bitcoin’s weekend rebound faces an $80,400 test after nearly $730 million in ETF outflows appeared first on CryptoSlate.

Key Takeaways

  1. Bitcoin traded near $82,900 in PerpFinder’s Oct.
  2. 10, 09:36 UTC snapshot, with traders watching whether the weekend rebound brings fresh leverage or further position unwinding.
  3. The same snapshot put Binance BTC futures open interest at $7.70 billion and showed longs receiving funding, indicating negative funding.
Read Full Article on CryptoSlate

Summary generated by IndiCrypto from CryptoSlate. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.