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Bitcoin starts $100K ‘capitulation’ as BTC price metric sees big volatility
Bitcoin traded around $110,000 on Saturday as traders stayed bearish after “Uptober” failed to deliver. Data from Cointelegraph Markets Pro and TradingView showed that the BTC price was recovering losses from Friday’s Wall Street trading session. This began with sell pressure — a frequent phenomenon throughout the week — involving both US exchanges and the spot Bitcoin exchange-traded funds (ETFs). Onchain analytics platform Glassnode said that ETF outflows highlight “rising sell pressure from TradFi investors and renewed weakness in institutional demand.” Data from UK-based investment company Farside ... (full story)
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