Oct 9: $1.2 Billion in Liquidations Signals More Trouble Ahead

Bitcoin bounced back above $80,000 after a sharp selloff triggered approximately $1.2 billion in crypto liquidations, including more than $1 billion in long positions. The rebound came amid reports that President Trump would delay potential military action against Iran until after the midterm elections, while oil prices remain above $100 and Bitcoin ETF investors have withdrawn roughly three-quarters of a billion dollars over two sessions. Matt explains why he considers the move a bounce rather than a recovery, with $80K becoming the immediate support zone and $83K to $84K the first resistance area Bitcoin needs to reclaim. He also discusses the possibility of...