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.

Habari zinazohusiana

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11-01 00:05 UTC
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ETF za SOL spot ziliona mtiririko wa jumla wa fedha nje ya dola milioni 71.4748 wiki iliyopita, kiwango cha juu zaidi kuwahi kurekodiwa.

ETF za Ethereum spot ziliona mtiririko wa jumla wa fedha za kigeni wa dola milioni 432 wiki iliyopita, ikiashiria wiki tano mfululizo za mtiririko wa jumla wa fedha za kigeni.

Spot Bitcoin ETFs ziliona mtiririko halisi wa fedha za nje wa dola milioni 203 wiki iliyopita, huku FBTC ya Fidelity ikiongoza kwa mtiririko halisi wa fedha za nje wa dola milioni 166.

Yi He: Kampeni za tuzo za jamii za Binance zinahitaji kusubiri idhini ya udhibiti kabla ya kuzinduliwa; kwa sasa hakuna kampeni za vocha za pesa taslimu.

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