BTC holds up: liquidity levels and bullish FTX-style read
BTC shows little follow-through selling after the hack, with traders watching $82K+ for a squeeze and $76K as support.
What we know
An account on X says liquidity below has been taken, with the largest cluster at $82K+ and $76K the level to watch. Another account on X RTs DonAlt's argument that the lack of selloff resembles post-FTX conditions. GLD saw $1.8B October outflows.
How the story developed
BTC shows little follow-through selling after the hack, with traders watching $82K+ for a squeeze and $76K as support.
Views on BTC range from ranging or lower to a shake-out phase, while Solana bulls call for a big run.
Traders see BTC holding up despite a Nasdaq drop and a major event, drawing comparisons to post-FTX. A contrarian view says weak-looking charts are where money is made.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.