Quick Read
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U.S. spot Bitcoin ETFs recorded a $635.5 million net outflow on October 22, the largest single-day outflow since June, erasing the prior day’s $528 million inflow.
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Coinbase data shows the largest leveraged long cluster averaged $81,993, with 64% of positions entered above Bitcoin’s current trading price.
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Glassnode’s True Market Mean places the next major Bitcoin support at $77,600, sitting roughly 3% below current prices, if bulls cannot reclaim $81,500.
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Bitcoin (CRYPTO: BTC) has once again…
