TREE NEWS reports: Bitcoin dropped about 4.6% this week to roughly $76,000, breaking below its late-August range floor and the $76,700 true market mean, Glassnode said. On-chain capital inflows stalled after 27 straight days, ETFs flipped to net outflows, stablecoin supply was flat and corporate treasuries stopped buying. After the failed Senate CLARITY Act vote, options flipped from upside bets to downside protection, with max pain at $72,000 and heavy call buildup near $85,000; support thins below $68,000, next target $71,300.
Bitcoin Falls to $76K, Breaking Range Floor and True Market Mean: Glassnode
Related Coin Charts
AI take
What matters here is the convergence of signals rather than the price level itself: on-chain inflows, ETF flows, stablecoin supply and corporate treasury demand all stalling at once removes the marginal buyers that had been absorbing supply. Options positioning flipping toward downside protection, with max pain well below spot, suggests the derivatives market is now pricing risk rather than upside. The open question is whether the thin support below $68,000 gets tested, and whether capital inflows resume before that.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
5m ago
DDHQ Projects Democrat Nithya Raman Wins Los Angeles Mayoral Race
10m ago
Shanghai, Shenzhen margin financing balances rise 1.329 billion yuan to 2.26 trillion
27m ago
Australia September goods and services trade surplus A$2.826B vs A$1B expected
27m ago
Australia September imports fall 3.3%, prior 5.8%
27m ago
Japan October Composite PMI Final at 52.1 vs 52.3 Preliminary
40m ago
SoftBank shares fall 7.9% after Arm earnings report