Bitcoin closed at $75,702 after losing the $77,100 range floor for a third session in six trading sessions. Bitfinex said the decline could expose the $73,500 cost basis of investors who bought three to six months ago. Futures traders rebuilt long exposure: open interest recovered to $52.15 billion after a $1.7 billion drop, while funding stayed positive but not overheated.
Spot demand was weaker. U.S. spot Bitcoin ETFs recorded $450.4 million in net outflows, led by $214.8 million from Fidelity’s FBTC and $161.7 million from BlackRock’s IBIT. Coinbase’s spot discount widened to 0.08%, and deposits from short-term holders rose to 33,100 BTC, with 23,200 BTC moved at a loss. The divergence matters because leveraged dip-buying has not yet been confirmed by sustained spot or institutional demand.
https://crypto.news/bitcoin-dip-buying-rises-below-77100-spot-demand-lags/
oxhak / Ox HaK
npub1sx…dz7z7
2026-09-16 19:35:39 UTC
Author Public Key
npub1sxexewvzysc3affq4yzzh7w8e3udyujap2vlj7t6lkdg5dvhp24q4dz7z7Seen on
wss://relay.damus.ioPublished at
2026-09-16 19:35:39 UTCEvent JSON
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"content": "Bitcoin closed at $75,702 after losing the $77,100 range floor for a third session in six trading sessions. Bitfinex said the decline could expose the $73,500 cost basis of investors who bought three to six months ago. Futures traders rebuilt long exposure: open interest recovered to $52.15 billion after a $1.7 billion drop, while funding stayed positive but not overheated.\n\nSpot demand was weaker. U.S. spot Bitcoin ETFs recorded $450.4 million in net outflows, led by $214.8 million from Fidelity’s FBTC and $161.7 million from BlackRock’s IBIT. Coinbase’s spot discount widened to 0.08%, and deposits from short-term holders rose to 33,100 BTC, with 23,200 BTC moved at a loss. The divergence matters because leveraged dip-buying has not yet been confirmed by sustained spot or institutional demand.\n\nhttps://crypto.news/bitcoin-dip-buying-rises-below-77100-spot-demand-lags/",
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