$BTC Just as expected, price swept the liquidation cluster below. With longs now flushed out, the focus shifts to the upside. I expect the next move to be toward 86k, where a cluster of short liquidations is waiting.

$BTC continues to fall. What price levels are you watching?

In this latest market move, the main factors weighing on the market in the short term are still: A hawkish Fed + a stronger dollar + rising U.S. Treasury yields + oil breaking above $100, compounded by notable outflows from BTC/ETH ETFs recently, which has dampened risk appetite. On October 7, the BTC ETF saw net outflows of about $485M, while the ETH ETF recorded outflows for the seventh consecutive day. But I don’t think the market is over. BTC is still repeatedly testing the $82K area, overall crypto market capitalization rose 11% in September, and BTC’s medium-term trend remains intact. So I’m more inclined to expect: short-term consolidation/shakeout → BTC stabilizes → capital rotates back into Alts. What is really worth watching next: 1/Whether BTC can hold around $81K, 2/Whether ETF flows can turn positive again, 3/And when BTC.D begins to decline noticeably. If all three signals appear at the same time, the focus in the next phase won’t be bitcoin:native, but altcoins.