Adler AM: Bitcoin Morning Brief

Bitcoin fell to $80.7K as $520M in longs were liquidated Oct 2-8. The Stress Index hit 49.9, near 3-month highs, then eased to 7. What's next?

Fed minutes signal another rate hike by year-end. Bitcoin falls to $82.8K, Regime Score at -22. What FOMC said and the -30 bear threshold.

itcoin fell from $85.5K to $83.9K overnight as long liquidations and taker sell pressure spiked. Shakeout or start of sustained selling?

Bitcoin long-term holders cut positions for a 7th week (-73.4K BTC). LTH SOPR at 1.18 shows profit-taking as the market absorbs supply.

Bitcoin futures buying pressure hit 4.9, the highest since August, as open interest rose 9K BTC in 24h. The key level for new longs is $83K.

Bitcoin trades 14% above the short-term holder cost basis (realized price) at $73.7K, while the long-term holder cost basis falls to $48.8K.

Bitcoin supply in profit hit its highest level since January and now stands at 72%, while price momentum has fallen to zero at $83K.

Bitcoin realized 19% less profit than at the August peak despite a higher price. STH SOPR fell to 1.01 as short-term holder profit narrows.

Bitcoin exchange outflows averaged 16.1K BTC per day, the strongest weekly pace since October 2025, as futures positioning slips below zero.

Bitget hacked for $351M, withdrawals paused. On-chain data shows BTC kept leaving exchanges after the hack, with no panic inflows.