Bitcoin options flashed extreme fear signals as the spot BTC ETF outflows rose, and the odds for a drop below $80,000 increased. Will dip buyers step in to save the day?
Bitcoin short positions continued to pile up as BTC price dropped near $81,000, potentially providing the liquidation fuel for a revenge rally back above $90,000.
Technical charts tilt toward further downside for Bitcoin and altcoins if BTC’s critical $80,000 fails to hold. Does data suggest that bulls are buying the dips?