Bitcoin stabilizes near $82,538 as market dominance touches 60.7%
CIE News ·
Confirmed by 2 independent news outlets.
Bitcoin traded near $82,538 on October 20 as market dominance climbed to 60.7%, even as exchange deposits and rising derivatives leverage prompted analyst warnings of potential liquidation.
Bitcoin (BTC) stabilized near $82,538 early on October 20, maintaining support above $80,750 following a 0.92% to 1.3% daily increase. BTC dominance reached 60.7% on October 19, its highest level since late May, while the ETH/BTC ratio stood near 0.0293 despite an inflow of 8,237 BTC to exchange addresses. According to crypto.news, Bitfinex Alpha analysts reported a 4.3% rise in futures open interest alongside warnings that leverage was rebuilt without sustained spot demand, identifying $79,821 as a potential trigger for liquidations.
Key facts
- BTC traded at $82,538
- BTC dominance hit 60.7%
- 8,237 BTC deposited to exchanges
- Futures OI rose 4.3%
Read the original at BeInCrypto