Bitcoin Down 3.3% to $81,429 — Fresh Shorts Building, Bulls Eye 90K Recovery
BTC dropped 3.3% in a move driven by fresh short positioning rather than long liquidations, per options data. Bulls are calling for a bounce to 83–84K and eventual push to 90K before Thanksgiving, citing historical stats and technical support.
What we know
@TheBlockCo confirmed BTC at $81,429 (-3.3%), ETH $2,392 (-3.4%), XRP -3.8%, ZCash -7.6%. An account on X noted OI growing behind the move and put IV well above calls with 25d skew at +4% — more consistent with fresh shorts than long liquidations. Another account on X targets 83–84K bounce then 90K before Thanksgiving. Another account on X cited a stat that 77% of similar Wednesday setups saw the prior high taken out within 10 days. Another account on X called it a dip-buying opportunity for memes. Another account on X confirmed $SOL and $BTC going 'nicely to plan.'
Sources
“Bitcoin fell 3.3% to $81,429 and ether dropped 3.4% to $2,392, pulling the broader crypto market down 3%”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.