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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 as of 09:36 UTC on October 10, with traders monitoring whether the recent weekend rebound will attract new leverage or lead to further position unwinding. The rebound comes after nearly $730 million in ETF outflows. Binance BTC futures open interest stood at $7.7 billion, and longs were receiving funding, indicating negative funding rates.

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

Bitcoin traded near $82,900 as of 09:36 UTC on October 10, with traders monitoring whether the recent weekend rebound will attract new leverage or lead to further position unwinding. The rebound comes after nearly $730 million in ETF outflows. Binance BTC futures open interest stood at $7.7 billion, and longs were receiving funding, indicating negative funding rates.

Sources

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

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