Bitcoin bounces back above $83,000 as short sellers get squeezed, but a hotter-than-expected US inflation print keeps Fed rate-cut hopes on ice ahead of the October 28 FOMC meeting.

Sentiment 58/100 (Cautiously Optimistic)

7 million, more than double the longs wiped out) forced bearish traders to buy back in and pushed the price higher. 6% over the past day. 7%, denting hopes the Federal Reserve will cut interest rates again at its October 27-28 meeting, while oil prices above $107 a barrel aren't helping sentiment either.