Bitcoin’s weekend rebound faces an $80,400 test after nearly $730 million in ETF outflows
Summary
Bitcoin traded near $82,900 on Oct. 10 as traders assessed whether its rebound reflected renewed risk-taking or position unwinding. Binance futures open interest was $7.70 billion, with negative funding. Deribit’s Sunday expiry had $272.4 million in open interest and a 1.77 put/call ratio, indicating put-heavy positioning but not revealing who initiated the trades. US spot Bitcoin ETFs saw nearly $730 million in outflows over Oct. 7–8, followed by a modest $21.1 million inflow on Oct. 9. The analysis says a sustained move above $82,000 with stable or rising open interest and stronger spot demand could support a rise toward $84,500–$85,000. A drop below $80,400 alongside falling open interest and weak demand could bring $80,000 into focus.
