TREE NEWS reports: Bitfinex said bitcoin broke below its $77,100-$81,300 range on Tuesday, closing at $75,702, down 3.2%, after 24 days of trading. The report warns a retest of $73,500 is possible and that only a reclaim of $77,100 on significant spot volume would invalidate the pullback scenario. U.S. spot bitcoin ETFs saw $450.4 million in net outflows on Tuesday, the 33rd-largest single-day outflow on record.
Bitfinex: Bitcoin breaks below range, needs spot volume to reclaim $77,100
Related Coin Charts
AI take
The notable detail is the mechanism, not the move: Bitfinex is treating spot volume, not derivatives positioning, as the condition that would invalidate its pullback scenario, which puts ETF flow data at the center of the near-term read. The scale of Tuesday's ETF outflow matters less as a record than as confirmation that the same spot bid absent from the price action is also absent from the fund complex. Whether that outflow streak persists or exhausts is the open question for anyone tracking the $77,100 level.
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
8m ago
SoftBank shares fall 7.9% after Arm earnings report
11m ago
Citi Sets 0-3 Month Gold Target at $4,500/oz, 6-12 Month at $5,000
20m ago
Nikkei 225 opens up 0.2%, Kospi falls 2%
21m ago
Agricultural Development Bank of China Issues Four Bonds Totaling 80 Billion Yuan
23m ago
Ionic Digital Q3 Revenue Up 32% as AI Data Center Leasing Dominates
24m ago
Democrats Win Congress, Crypto Industry Faces New Regulatory Headwinds