Bitcoin corrects below $82K after Tesla Q3 results, KOSPI falls
Summary
Bitcoin fell nearly 3% after failing to break above $85,000, dropping below $82,000 and erasing the prior day’s gains. Tesla’s Q3 revenue slightly missed estimates, while capital expenditure was far below forecasts, raising concerns about the pace of AI investment; CEO Elon Musk said spending should increase through 2028. South Korea’s KOSPI fell 3.52% amid renewed pressure on tech stocks. Bitcoin open interest rose 4.5% in 24 hours to $55.95 billion before the reversal, potentially increasing the risk of leveraged liquidations. On a three-day chart, BTC remained below a descending resistance line and continued making lower highs. The $80,000–$81,500 range was identified as key support, aligned with the cost basis of US spot Bitcoin ETFs.
