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Bitcoin rebound lacks leverage and spot demand, CoinDesk says

NewsFeeds update

CoinDesk says Bitcoin recovered $80,000 after a short-term shock from the US midterm election results, but futures open interest stayed near $53.4bn and US spot ETF net inflows were just $74m. It attributes the rebound mainly to a short squeeze, with $300m of Bitcoin shorts liquidated in 24 hours.

BitcoinCoinNessAIBearish

Read the original on CoinNess

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Every Bitcoin update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Not investment advice.