Bitcoin Price Erases October Gains: Why $81,300 Is Now the Critical Level
Bitcoin price dropped to an intraday low of $82,734, erasing early-month gains. Despite forced long liquidations, open interest remained steady, signaling aggressive new short positioning by traders. Surrendering Key Support Bitcoin continued to slide Wednesday, dipping below $83,000 amid a marketwide pullback that dragged several high-cap altcoins down by 4% or more. The top cryptocurrency’s […]
Key Takeaways
- Bitcoin price dropped to an intraday low of $82,734, erasing early-month gains.
- Despite forced long liquidations, open interest remained steady, signaling aggressive new short positioning by traders.
- Surrendering Key Support Bitcoin continued to slide Wednesday, dipping below $83,000 amid a marketwide pullback that dragged several high-cap altcoins down by 4% or more.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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