Bitcoin faces pressure from bearish bets and ETF outflows ahead of key economic data week.
Bitcoin is under pressure as bearish derivatives bets increase and spot Bitcoin ETFs see significant outflows, despite hopes for a seasonal "Uptober" rally. Key U.S. economic data releases this week, including inflation and jobs reports, could influence whether Bitcoin recovers or drops toward a $60,000 target. The divergence between weak spot market demand and rising short positions in derivatives suggests cautious investor sentiment amid macroeconomic uncertainty.
Bitcoin is under pressure as bearish derivatives bets increase and spot Bitcoin ETFs see significant outflows, despite hopes for a seasonal "Uptober" rally. Key U.S. economic data releases this week, including inflation and jobs reports, could influence whether Bitcoin recovers or drops toward a $60,000 target. The divergence between weak spot market demand and rising short positions in derivatives suggests cautious investor sentiment amid macroeconomic uncertainty.
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