Strategy's Michael Saylor told Bloomberg that bitcoin is at “the beginning of a bull market,” placing the bottom just under $60,000 and predicting a return above $100,000. Saylor Calls the Bottom Saylor made the call during an interview with Bloomberg Television yesterday, adding: We hit the bottom around slightly below $60,000.
The latest reading was 1,768, compared with a one-year average of 1,828, as Bitcoin's trading range narrowed from Oct. 6 to Oct. 13.
One October forecast also lists $87,300 in a bullish scenario and $80,016 as support. Another gives a 10-to-20-day window, with 15 days the likeliest timing.
September CPI is scheduled for release Oct. 14 at 8:30 a.m. ET (12:30 p.m.
Some of the biggest losers over the past 24 hours include TIA, M, CRV, and RENDER.
The trader also held a 26.97 BTC short on Hyperliquid with a notional value of about $2.2528 million and an unrealized loss of roughly $365,200.
Bitcoin traded at $83,443 in the snapshot. Coinbase's spot market also showed more sell orders than buy orders, with a smaller imbalance.
U.S. spot Bitcoin funds recorded $175.7 million in net inflows on Oct. 13, reversing the previous session's $65.4 million outflow.
Solana had the steepest 24-hour open-interest decline at 2.44%, while Ether had the largest share of long accounts at 73.5%.
Fidelity's fund led the gains with $103.1 million. The funds' five-day net flow remained negative at $597.6 million.
Bitcoin price holds near $83,500 as traders watch $84K resistance, Fed rate expectations and U.S. inflation data for signs of its next move.
Bitcoin is holding above US$83,000 as cryptocurrency markets stabilise following several volatile sessions, with fresh inflows into US spot Bitcoin exchange-traded funds providing some support ahead of a key US inflation reading. The world's largest cryptocurrency was trading around US$83,300 on Wednesday morning, October 14, after gaining about 1.6% during Tuesday's session and briefly pushing above US$84,000.