Analysis: Bitcoin stabilizes after retesting $81,300, CPI and ETF fund flows will determine the next direction

PANews October 12 news: Bitfinex Alpha released its latest report stating that whether Bitcoin can break through $84,500 this week depends crucially on whether U.S. CPI data alleviates interest rate pressure and whether spot buying can strengthen.

The report shows that BTC previously fell from its October 2 high of $87,197 to $80,347, and then reclaimed the key support level of $81,300. On October 8, approximately $1.18 billion in leveraged positions were liquidated in the market, with leverage levels declining noticeably, and subsequent price action will depend more on spot demand.

Bitfinex pointed out that the current average cost for Bitcoin ETF investors is approximately $84,340, which may become a short-term rebound resistance level. If core CPI comes in below expectations, driving yields lower, BTC is expected to break through $84,500 and retest $87,722; if it falls below $81,300, it may further decline to around $77,400.

Labarai masu alaƙa

11-02 03:27 UTC
SOL spot ETFs sun ga fitar da kuɗi net na dala miliyan 71.4748 a makon da ya gabata, wanda shine mafi girma da aka taɓa samu.
11-02 03:26 UTC
ETFs na Ethereum spot sun ga fitar da kuɗi net na dala miliyan 432 a makon da ya gabata, wanda ke nuna makonni biyar a jere na fitar da kuɗi net.
11-02 03:25 UTC
Bitcoin ETFs na Spot sun ga fitar da kuɗi net na dala miliyan 203 a makon da ya gabata, inda FBTC na Fidelity ya jagoranci da fitar da kuɗi net na dala miliyan 166.
Labarin PANews na ranar 2 ga Nuwamba, bisa ga bayanan SoSoValue, a cikin kwanakin kasuwanci na makon da ya gabata (Lokacin Gabas 26 ga Oktoba zuwa 30 ga Oktoba)...
11-01 12:11 UTC
Yi He: Kamfen ɗin lada na al'ummar Binance suna buƙatar jira amincewar hukuma kafin a ƙaddamar da su; a halin yanzu babu kamfen ɗin takardar kuɗi.
11-01 00:05 UTC
Glassnode: U.S. spot Ethereum ETFs recorded 23 consecutive trading days of net outflows, the longest net outflow streak on record.

SOL spot ETFs sun ga fitar da kuɗi net na dala miliyan 71.4748 a makon da ya gabata, wanda shine mafi girma da aka taɓa samu.

ETFs na Ethereum spot sun ga fitar da kuɗi net na dala miliyan 432 a makon da ya gabata, wanda ke nuna makonni biyar a jere na fitar da kuɗi net.

Bitcoin ETFs na Spot sun ga fitar da kuɗi net na dala miliyan 203 a makon da ya gabata, inda FBTC na Fidelity ya jagoranci da fitar da kuɗi net na dala miliyan 166.

Yi He: Kamfen ɗin lada na al'ummar Binance suna buƙatar jira amincewar hukuma kafin a ƙaddamar da su; a halin yanzu babu kamfen ɗin takardar kuɗi.

Glassnode: U.S. spot Ethereum ETFs recorded 23 consecutive trading days of net outflows, the longest net outflow streak on record.