Is the 21st Bitcoin’s Unlucky Date? Its Latest Breakout Just Fell Apart
BTC when published $81,763Now $80,577 ▼ −1.45% since it was published
The 21st has turned into a tough date for Bitcoin (BTC) bulls. On October 21, the rally ran into a wall, and longs got flushed. The largest cryptocurrency has dropped 0.28% over the past 24 hours to $82,486, according to BeInCrypto Markets. Analyst Benjamin Cowen says the same date capped July and September, and now the question is whether October will follow. Follow us on X to get the latest news as it happens The Leverage Came In, Then Got Flushed Out Bitcoin fell toward $80,000 last week on hot US inflation data. Derivatives traders returned as the price recovered. On October 21, Santiment data showed Bitcoin open interest near $23.4 billion and climbing. Open interest measures the value of all outstanding futures positions.
First reported by BeInCrypto. This page is a short excerpt; the full text is theirs.
