Bitcoin (BTC) — Onchain News & Whale Tracking

Michael Saylor once again released Bitcoin tracker data, potentially signaling additional BTC purchases.

Strategy founder Michael Saylor has once again shared updates related to its Bitcoin Tracker, stating, “There’s always room for more orange.” Following past patterns, the orange dots symbolize Strategy’s Bitcoin purchase records, suggesting the firm may be planning to add to its BTC holdings. Strategy typically discloses changes in its Bitcoin position the day after such announcements.

On Hyperliquid, Ethereum (ETH) trading volume over the past 24 hours surpassed Bitcoin (BTC), hitting approximately $1.1 billion.

On the Hyperliquid platform, ETH’s 24-hour trading volume exceeded BTC’s $805 million, reaching approximately $1.1 billion. Market analysts link the surge in ETH’s trading volume to suspected exploitation of PaperTrade’s mechanisms. Earlier today, reports indicated PaperTrade was targeted for price manipulation by two wallet addresses, with clear vulnerabilities in the protocol. The two addresses conducted trades on Hyperliquid at individual sizes of around $20 million, driving ETH’s price to fluctuate by 10 to 20 basis points, while establishing long positions worth hundreds of millions of nominal dollars on PaperTrade.

A dormant Bitcoin address inactive for 15.9 years has just been activated, containing 0.05 BTC.

Whale Alert has detected that a dormant Bitcoin address, inactive for 15.9 years, has just been activated, holding 0.05 BTC worth $4,152.

Perspective: Bitcoin has entered a phase of intensified potential selling pressure, with whether subsequent demand can absorb this pressure being the key.

Crypto analyst Darkfost posted on X that Bitcoin has entered a phase of sharply intensifying selling pressure. Notably, this refers to potential selling pressure, not actual realized selling activity. The “Seller Exhaustion Indicator” combines profitable supply and volatility (returns) to distinguish between market risk and stable phases, serving as a valuable metric for short-term market analysis. As the recent rally pushed Bitcoin’s price above $85,000, the indicator signals the market is entering a stage where selling pressure could escalate. The indicator’s shift has been quite sudden, especially evident among short-term holders. Since volatility tends to weaken over time, excessive focus on specific numerical values is unwarranted, though the overall trend is clear. Currently, the indicator has hit a critical level matching the one that signaled a local top in this cycle. Moving forward, it remains to be seen whether market demand can improve to limit potential pullbacks; if volatility contracts accordingly, that would also help the indicator return to normal.

Viewpoint: Bitcoin’s current trend resembles that of late 2025 to early 2026, with the $80,000 level serving as a key support.

Crypto analyst Darkfost posted on X that Bitcoin’s current trend closely resembles the market pattern from the end of 2025 to early 2026. Prices are fluctuating continuously around the capital-weighted cost benchmark, with $80,500 emerging as a potential key near-term support level. Unlike the realized price, which only calculates purchase prices, the capital-weighted cost benchmark metric weights holding costs based on the size of invested funds, making it a key indicator of the market’s average profit and loss status. Darkfost added that the current zone is a critical juncture where investors are roughly at the break-even point, and market uncertainty may drive more investors to take action. While the $80,500 level is likely to act as support for now, its subsequent trend remains to be closely watched.

During the crypto market correction, whales increased their holdings by approximately 15,000 Bitcoin.

According to crypto analyst alicharts, during the ongoing Bitcoin correction, whale groups have adopted an accumulation strategy for major cryptocurrencies. Over the past 72 hours, whales have added approximately 15,000 Bitcoin, more than 166,000 ETH, and over 45 million XRP to their holdings.

Morgan Stanley's total Bitcoin holdings have climbed to 10,639 coins, valued at approximately $880 million.

According to Arkham's monitoring, Morgan Stanley added approximately 91.685 Bitcoin to its holdings two days ago via its spot Bitcoin exchange-traded fund (ETF) MSBT, bringing its total Bitcoin position to 10,639 coins, currently valued at roughly $880 million.

A prominent trader notes that Bitcoin has a strong buy wall at the $80,000 level; if the current price can stabilize, it is worth going long.

Prominent trader Killa posted that buyers are absorbing selling pressure during the recent pullback, a pattern similar to that seen in a prior consolidation phase, with very little support below the current price level. Order book data shows strong buy-side accumulation at the just-over-$80,000 price level, where buyers hold firm, and this level itself is a key psychological threshold for Bitcoin. Killa noted that if Bitcoin’s weekly candlestick closes above the prior week’s low of $82,600 this week, it will serve as a bullish signal, likely marking a typical return to range after a stop-loss hunt. As a BTC-focused quantitative trader, Killa accurately predicted the peak of the current bull market in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 before switching to a long position during the broad market selloff on June 5.

Bitcoin's annualized volatility has fallen to 46%, but the number of extreme market moves this year has already exceeded that recorded during the 2018 bear market.

As of 2026, Bitcoin has seen 10 trading days with 3-standard-deviation price moves, exceeding the full-year total of 8 such days during the 2018 bear market. While Bitcoin’s annualized volatility has dropped from 84% in 2018 to around 46%, extreme price swings remain frequent relative to its recent volatility levels. A 3-standard-deviation move measures how much a price deviates from its typical recent volatility range. Data shows that the average daily price swing for Bitcoin during these extreme moves this year is roughly 7%, down from about 10% in 2018. Since 2024, Bitcoin’s volatility has stood at approximately 47%, similar to Nvidia’s. Yet over the same period, Bitcoin has recorded 26 trading days with 3-standard-deviation moves—far outpacing Nvidia’s 8, the S&P 500’s 16, and gold’s 12. Market analysts note that macroeconomic shocks, leverage in derivatives markets, and concentrated positions are key drivers of the persistent extreme volatility. When investors heavily sell options betting on market calm, sudden news can trigger mass liquidations of those positions, further amplifying price swings. Deribit CEO Luuk Strijers stated that traditional Value-at-Risk (VaR) models fail to adequately measure tail risks during extreme market conditions, advising investors to focus more on risk metrics like Expected Shortfall. Meanwhile, increased institutional participation, deeper liquidity, and improved risk management have enhanced the market’s ability to absorb shocks, though this does not mean extreme volatility will disappear.

Calamos CEO Reiterates Bitcoin’s $1 Million Price Target, Projects It Will Become a Standard Allocation in Global Investment Portfolios

Calamos Investments, an asset management firm, President and CEO John Koudounis reaffirmed his long-term bullish outlook on Bitcoin, predicting that BTC will eventually rise above $1 million. Koudounis first set this target at a Bitcoin event in Abu Dhabi, originally projecting it would be achieved by 2030; he has since maintained this forecast, though noting Bitcoin may not hit that level before 2030. Koudounis believes blockchain will become a key component of future financial infrastructure. Unlike traditional cross-border bank transfers, which can be delayed over weekends, the Bitcoin network operates 24/7 year-round. He also pointed out that global financial advisors manage roughly $146 trillion in assets, and as more banks adopt Bitcoin and offer collateralized lending services, even a small BTC allocation in portfolios could drive significant new demand. Koudounis, once dubbed Wall Street’s youngest CEO, currently leads Calamos Investments, which manages around $50 billion in client assets. The firm also issues Bitcoin-related ETFs and Bitcoin investment products with downside protection mechanisms. These views represent his personal market judgment and do not constitute a guarantee of BTC’s price.

Analysis: During Bitcoin’s drop from $87,000, long-term holders barely deposited coins onto trading platforms.

Bitfinex stated in a post that Bitcoin is typically transferred to trading platforms before being sold. However, during Bitcoin’s decline from $87,000, almost no Bitcoin held for six months or longer exhibited this behavior. Data shows that nearly all Bitcoin flowing into exchanges recently consists of tokens that were only transferred in the past week. Bitfinex noted that a genuine market capitulation usually requires long-term holders to start moving and selling their holdings, and no such sign has emerged yet.

Bitcoin demand indicators continue to improve, with spot demand nearly turning positive, likely building momentum for a price rebound.

Crypto market analyst CW stated in a recent post that despite Bitcoin’s recent price decline, demand-side indicators still show positive trends. Futures demand saw a slight pullback from the previous day, while spot demand’s negative balance narrowed, keeping overall demand in a relatively positive range. Spot demand, which had remained in negative territory, is now approaching positive territory. Once spot demand turns positive, Bitcoin will gain strong upward momentum.

Bitcoin and Ethereum ETFs see massive outflows: $282.91M BTC, $96.2M ETH in 24 hours

Oct 9 Update: #Bitcoin ETFs: 1D NetFlow: -3,412 $BTC(-$282.91M)?? 7D NetFlow: -6,747 $BTC(-$559.35M)?? #Ethereum ETFs: 1D NetFlow: -38,576 $ETH(-$96.2M)?? 7D NetFlow: -206,680 $ETH(-$515.41M)??

France has become a global hotspot for physical attacks on Bitcoin holders: 90 such cases were recorded in over seven months, with data leaks identified as a likely primary cause.

Official French data shows that between January 1 and mid-August 2026, France recorded 90 cryptocurrency-related cases of kidnapping, extortion, threats and violent theft, averaging roughly one incident every 2.5 days. Over the same period, police made 223 arrests, with 126 people imprisoned between January and July. Blockchain analytics firm Chainalysis counted 30 publicly recorded cryptocurrency-related violent attacks in France as of mid-2026; security firm Gart.io, meanwhile, tracked 73 real-world attacks in France that year — more than the 66 recorded in the U.S. and 27 in the U.K. Eric Jardine, Chainalysis’ head of research, attributed the surge in attacks to large-scale data breaches. Breaches of French tax records and user data from crypto tax reporting platform Waltio in 2026 likely allowed attackers to obtain cryptocurrency holders’ identities, home addresses and asset information. The report also noted that over 40% of the relevant attacks in France involved victims’ relatives or acquaintances, with criminals likely targeting victims in advance via social media, on-chain data and leaked information. French authorities are coordinating investigations through specialized judicial bodies focused on organized crime.

Profit-taking selling pressure from Bitcoin short-term holders has eased, with selling volume dropping to 11,000 BTC, a 66% decrease from its peak.

According to on-chain data, short-term Bitcoin holders (STHs) are still selling their profitable BTC via trading platforms. Over the past seven days, the total volume of such sell orders stood at around 11,000 BTC, down roughly 66% from the previous peak of 32,000 BTC, indicating that selling pressure from short-term holders has eased significantly.

Bitcoin rebounds to break through $83,000

According to HTX market data, Bitcoin has rebounded to break through the $83,000 level, with a 0.59% increase in the past 24 hours.

Bitcoin shorts face liquidation pressure, as Trump pledges not to strike Iran ahead of the midterm elections.

US President Trump said he will not launch airstrikes on Iran ahead of next month’s midterm elections, easing market concerns over escalating tensions in the Middle East. In response, Bitcoin rebounded from its Thursday low of around $80,400 to near $82,500, putting short sellers under liquidation pressure. In terms of market prices, Bitcoin is currently trading at $82,486; Ethereum fell roughly 2% in 24 hours to near $2,500; SOL dropped nearly 4% to around $110, while XRP and HYPE remained relatively stable, with the CoinDesk 20 Index down approximately 2%. Alex Kuptsikevich, chief market analyst at FxPro, noted that Bitcoin dipped to $80,400 on Thursday, hitting a nearly three-week low and its 50-day moving average before securing buying support, indicating sustained buying demand during the pullback. In broader macro markets, S&P 500 futures rose less than 0.5%, while Nasdaq 100 futures gained nearly 1%; Brent crude oil fell below $103 per barrel, easing inflation concerns stoked by earlier oil price increases. Whether Bitcoin can stage a further rebound will depend on its upside resistance levels and developments in the Middle East.

Analyst: Bitcoin’s current pullback is relatively mild; based on historical average pullback levels, its corresponding price would be approximately $74,500.

CryptoQuant analyst MAC_D published a note stating that Bitcoin has pulled back roughly 7.61% from its October 5 high of $87,027 to its October 9 low of $80,404. This pullback is close to the 7.58% average pullback seen in the 2022–2025 bull cycle, but remains lower than the overall historical average pullback of 14.39% he compiled. Using Bitcoin bull cycle pullback metrics, MAC_D compared the declines from local highs across each bull run. The average pullbacks for the 2010–2011, 2011–2013, 2015–2017, and 2018–2021 cycles stand at 18.41%, 21.71%, 10.93%, and 19.39% respectively, marking the pullback in the most recent cycle as relatively mild. He pointed out that applying the overall historical average pullback of 14.39% to the recent high would result in a corresponding price of roughly $74,500, which can serve as a reference for further downside. MAC_D suggested investors consider accumulating BTC gradually around $80,000 and increasing their buying volume in the $74,000–$75,000 range.

The co-founder of darknet market Empire Market has been sentenced to 40 years in prison and ordered to forfeit $101 million in Bitcoin.

Co-founder of darknet marketplace Empire Market, Raheim Hamilton, has been sentenced to 40 years in federal prison and agreed to forfeit 1,230 bitcoin (BTC) worth approximately $101 million. According to the U.S. Attorney’s Office for the Northern District of Illinois, the 30-year-old Virginia man also agreed to forfeit 24.4 ether (ETH) valued at around $60,000, plus three real estate properties. A federal judge in Chicago simultaneously imposed a $5 million fine on him. Prosecutors stated that Hamilton and his accomplice Thomas Pavey operated Empire Market from 2018 to 2020, facilitating over 4 million transactions totaling more than $430 million, including nearly $375 million in drug sales. The pair also sold stolen account credentials, personal data, counterfeit currency, and hacking tools, requiring customers to use cryptocurrency and encouraging the use of mixing services to obscure fund flows. Pavey pleaded guilty to federal drug conspiracy charges last year, and has forfeited 1,584 BTC, as well as interests in gold, three vehicles, and two properties; he is scheduled to be sentenced later this month.

Crypto trader AguilaTrades incurred a $331,000 loss on a long Bitcoin (BTC) position, only to be liquidated again after reversing to a short position.

According to Lookonchain’s monitoring, well-known leveraged trader AguilaTrades was liquidated 10 minutes ago, suffering losses on both long and short positions. He first incurred a $331,000 loss from his long Bitcoin (BTC) position, then reversed to a short position only to be liquidated again.

US spot Bitcoin and Ethereum ETFs posted combined net outflows of nearly $1 billion in October, with ETH ETFs seeing outflows for 8 consecutive days.

According to data from Farside Investors, U.S. spot Bitcoin and Ethereum ETFs have posted a combined net outflow of $986.3 million so far in October. Of this total, Bitcoin ETFs saw a net outflow of $407.4 million, while Ethereum ETFs recorded $578.9 million in net outflows. Bitcoin ETFs saw a $244.1 million net outflow on Thursday, following a $484.9 million outflow the prior day — their largest single-day outflow since June 25. Ethereum ETFs posted a $72.5 million net outflow on Thursday, extending their consecutive net outflow streak to 8 trading days; total net outflows during the current outflow period that began on September 29 stand at roughly $641.3 million. Amid these outflows, Bitcoin’s rally has weakened. Data from CoinGecko shows BTC hit a low of $80,427 on Thursday and has since rebounded to $82,506.

Yilihua: Bitcoin’s correction is not yet over, and he currently predicts it will fall below $79,000.

Liquid Capital founder Yi Lihua stated in a post that Bitcoin has fallen below the $82,000 mark, with the next key support level at $79,000. Given the pace of decline over the past two days, he believes this round of correction is not yet complete, and currently expects the price to break below $79,000, at which point he will further monitor market movements around $75,000. Yi Lihua added that while he had anticipated a correction earlier, he did not initiate short positions, as he judges the market remains in a bull trend and the pullback is a normal fluctuation within a bull market. He will stick to the principle of “watch corrections in a bull market but do not go short”, patiently wait for the correction to bottom out before buying the dip, and will not guess the entry price in advance, noting that market conditions and environments are constantly evolving.

Yesterday, U.S. spot Bitcoin ETFs recorded net outflows of $244.1 million, while spot Ethereum ETFs saw net outflows of $72.5 million.

According to Farside data, U.S. spot Bitcoin ETFs posted a net outflow of $244.1 million yesterday, marking two consecutive days of large net outflows. U.S. spot Ethereum ETFs saw a net outflow of $72.5 million yesterday, extending their net outflow streak to 8 consecutive trading days.

Ansem: If quantum risks materialize, they will push ZEC to approach Bitcoin; it is extremely unlikely that pure meme coins will surpass Bitcoin.

Crypto KOL Ansem stated during a discussion with Market Bubble and Banks that as AI continues to expand and intellectual labor becomes commoditized, culture, attention, and collective belief will grow more valuable. If quantum risks become a material threat to Bitcoin, Zcash (ZEC) has a path to achieve a valuation close to Bitcoin’s by leveraging its privacy features and the narrative of being a "better store of value." "I hold some ZEC spot, but I am not actively taking a long position," Ansem added. He also noted that Murad, a meme coin KOL, is correct in his broad judgment about the premium for cultural and belief-based assets, but it is "extremely, extremely unlikely" that pure meme coins will surpass Bitcoin in market capitalization. In his view, when the future brings massive numbers of AI agents and an oversupply of intellectual labor, the only assets that will truly command a premium are those tied to individuals, culture, and assets that people genuinely believe in.

PONS Founder Buys Bitcoin Spot Again After More Than Three Years

PONS founder Ozzy said he bought some spot Bitcoin today, marking his first purchase of the asset since January 2023. According to HTX market data, Bitcoin is currently trading at $82,300, having pulled back roughly 6% from its recent high of $87,400.

Thailand has issued new regulatory rules for crypto ETFs, with the first phase only allowing such ETFs to invest in Bitcoin and Ethereum.

Thailand’s Securities and Exchange Commission (SEC) has released 11 regulatory rules concerning cryptocurrency ETFs, which will take effect on October 16. The first phase restricts ETF investments to Bitcoin and Ethereum, requiring a passive investment strategy. The annual average net exposure to a single crypto asset must not fall below 80% of the fund’s net assets, with assets held by regulated digital asset custodians. Additionally, the new rules permit mutual funds and private funds to invest in local Thai crypto ETFs, but bar securities firms from providing margin financing for such purchases. In the first phase, securities firms are prohibited from offering overseas crypto ETF investment services to clients other than institutional investors and ultra-high-net-worth individuals.

Bitcoin rebounds to break through $82,000.

According to HTX market data, Bitcoin has rebounded to break through $82,000, currently trading at $82,002, with its 24-hour decline narrowing to 1.38%.

Bitcoin life insurance firm Meanwhile secures $37 million in funding, led by Bain Capital Crypto.

According to Axios, Bitcoin life insurance provider Meanwhile, backed by Sam Altman, has completed a new $37 million funding round, valuing the company at $350 million. The round was led by Bain Capital Crypto, with participation from Haun Ventures, Framework Ventures, Pantera Capital, Apollo, Northwestern Mutual Future Ventures, and Morgan Creek Digital. The capital will be used to meet demand for Bitcoin-denominated life insurance in Asia, Europe, and the Middle East. Headquartered in Bermuda, Meanwhile is the first life insurance company fully licensed to operate entirely in Bitcoin. Since its founding, the firm has signed on 15 brokerages serving high-net-worth families, with operations spanning key insurance hubs including Singapore, Hong Kong (China), the United Arab Emirates, and Switzerland. Meanwhile’s total funding to date exceeds $180 million.

Friday got off to a weak start: Bitcoin weakened before bouncing back slightly, while concerns over AI sector earnings in US stocks resurfaced.

Three U.S. aircraft carriers are expected to converge in the Middle East in the coming weeks, and the Pentagon has drafted plans to strike Iran’s missile, drone, and energy facilities. However, Trump said U.S.-Iran talks are still making progress and has no intention of launching an attack before the November midterm elections. The Iranian president stated that Iran will not withdraw from the negotiating table. According to BIT (bit.com) market data, U.S. stocks closed Thursday: the Dow Jones rose 0.1%, the S&P 500 fell 0.47%, and the Nasdaq dropped 1.25%. During U.S. trading hours, news that OpenAI’s annual revenue is $20 billion lower than prior reports pressured tech stocks lower. Nvidia (NVDA.O) slid nearly 3%, while SpaceX (SPCX.O), Micron Technology (MU.O), and SK Hynix (SKHY.O) fell over 4%; Oracle (ORCL.N) and Intel (INTC.O) declined more than 5%. Per HTX market data, Bitcoin rebounded slightly after a pullback, now trading at $81,862, with its 24-hour loss narrowing to 1.81%.

Bitcoin continues its downward trend, falling below $81,000, with a 2.6% drop in the past 24 hours.

According to HTX market data, Bitcoin has continued its downward trend, falling below $81,000, with a 2.6% drop in the past 24 hours.

Analysis: Bitcoin miners emerge from the pressure zone, with hash rate and revenue rising in tandem, and selling pressure easing significantly.

CryptoQuant’s latest analysis shows Bitcoin miners have emerged from their earlier pressure zone. The network’s hash rate has rebounded from 899 EH/s on July 31 to the current 962 EH/s, with the pullback narrowed from 18% on July 28 to 13%. This hash rate recovery is driven by Bitcoin’s price rally: after hitting a bottom of $58,000 in July, Bitcoin has bounced roughly 45% to over $83,000. Over the same period, miners’ total daily revenue (block rewards plus transaction fees) has risen from $27 million to $48 million, a 78% jump. The 7-day average daily transaction fees have also recovered from $195,000 to $275,000; while still far smaller than block rewards, they further support the recovery in miner income. Miner profitability has shifted to a new range. Since Bitcoin hit $76,000 on August 21, miners have moved from a state of “extreme under-reward” between May and August to “reasonable reward”. Selling pressure has eased in tandem: no extreme miner outflows have been recorded since August 21. The latest outflows from Satoshi-era miners (around 600 BTC in September) are only about one-third of the January figure (around 2,000 BTC). The total balance of large miner addresses holding 100 to 1,000 BTC has stabilized at roughly 51,000 BTC since early September, after halting its decline following a 20% drop from 64,000 BTC in December 2025.

Bitcoin and Ethereum ETFs See Outflows: $BTC Down $449.8M, $ETH Down $120.38M in 1D

Oct 8 Update: #Bitcoin ETFs: 1D NetFlow: -5,461 $BTC(-$449.8M)?? 7D NetFlow: -1,951 $BTC(-$160.69M)?? #Ethereum ETFs: 1D NetFlow: -47,511 $ETH(-$120.38M)?? 7D NetFlow: -191,540 $ETH(-$485.33M)??

Bitcoin drops below $82,000, with a 1.67% decline in the past 24 hours.

According to HTX market data, Bitcoin has fallen below $82,000, with a 1.67% drop in the past 24 hours.

American Bitcoin will release its third-quarter financial results after the U.S. stock market closes on November 4.

Trump family-backed Bitcoin mining firm American Bitcoin (ABTC) announced it will release its third-quarter financial results after U.S. stock market close on November 4, 2026, and hold a conference call and webcast at 4:30 p.m. Eastern Time the same day to review its performance. American Bitcoin, currently a majority-owned subsidiary of Hut 8 Corp., positions itself as a Bitcoin treasury, offering institutional-grade Bitcoin exposure through integrated large-scale self-mining operations and disciplined accumulation strategies.

American Bitcoin will release its third quarter earnings report after the U.S. stock market closes on November 4.

Trump-backed Bitcoin mining firm American Bitcoin (ABTC) announced it will release its third-quarter financial results after the close of U.S. stock markets on November 4, 2026, and hold a conference call and webcast at 4:30 PM Eastern Time (ET) the same day to review its performance. Currently a majority-owned subsidiary of Hut 8 Corp., American Bitcoin positions itself as a Bitcoin treasury, providing institutional-grade Bitcoin exposure by integrating large-scale self-mining operations and disciplined accumulation strategies.

Mike Colyer, founder and CEO of Bitcoin mining pool operator Foundry, has stepped down after seven years in the role.

Bitcoin mining pool operator Foundry announced that its founder and CEO Mike Colyer is set to step down after seven years in the role. He will remain at Foundry as a strategic advisor for the next six months, assisting the company with its transition and CEO selection process.

Well-known rollover trader AguilaTrades deploys $8.29 million to go long on Bitcoin (BTC) after 14 months of inactivity.

According to EmberCN’s monitoring, prominent rollover crypto trader AguilaTrades frequently executed large-position rollover long trades on Hyperliquid from June to August last year, incurring a total loss of roughly $37.6 million. He has not opened any positions on Hyperliquid for 14 months since then. Today, AguilaTrades resumed trading: 20 minutes ago, he withdrew 500,000 USDC from Bybit to Hyperliquid, then opened a long position of 100 BTC at $82,962, with the position valued at approximately $8.29 million and a liquidation price of $78,997.

Yilihua: Bitcoin has been sideways consolidating, fluctuating, and even experiencing false breakout bull traps over the past half month, but he still insists on expecting a pullback.

Liquid Capital founder Jack Yi posted that over the past month and a half, he has repeatedly tweeted six times that Bitcoin would pull back at the $86,000 level. Bitcoin has been consolidating sideways for the last half month, even seeing fake breakouts to lure bullish traders, but his team has stuck to the pullback call. Since accurately calling the end of Bitcoin’s rally in May, and repeatedly advising to buy the dip in July and August, their efforts have once again been validated. Investing and trading are highly falsifiable endeavors, but in the crypto space, if you lack the ability to operate projects and exchanges, only by continuously improving and honing your investment and trading skills can you have a chance at earning returns.

Analysis: Bitcoin demand has improved significantly, with spot demand surging sharply compared to September 20.

CryptoQuant analyst Darkfost wrote that while the market’s focus is on Bitcoin’s price trends, analysts are keeping a close eye on shifts in demand. Bitcoin’s demand has improved notably recently, particularly spot demand. Total demand has now returned to positive territory, exceeding 14,000 BTC. Futures demand has remained relatively stable in recent days, averaging around 32,000 BTC. Spot demand continues to rebound, currently standing at -17,000 BTC. Although it is still slightly negative, it is far higher than the -207,000 BTC recorded on September 20. The analysis points out that falling prices paired with emerging demand constitute a positive signal.

Bitcoin-collateralized lending is accelerating its rise to the mainstream, expanding beyond trading financing to meet real-world needs such as tuition payments and business working capital.

BTC-backed lending is gradually expanding from crypto financial scenarios focused on trading and investment to real-world credit needs such as tuition fees, living expenses, business working capital, and real estate, marking a clear shift in market applications. Institutions including SALT Lending and Ledn note that an increasing number of borrowers are choosing to collateralize BTC for liquidity rather than selling their holdings. Since its founding in 2018, Ledn has disbursed over $11 billion in cumulative loans, and projects its scale to grow to $1 trillion in the coming years. Its client base includes both entrepreneurs and institutional investors seeking working capital, as well as individuals borrowing to cover children’s education, real estate investments, and short-term living expenses. This trend signals that BTC’s financial attributes are evolving further from a "tradable asset" to a "collateralizable asset." Borrowers aim to unlock BTC’s value without selling it, while retaining exposure to potential future upside. Meanwhile, institutions like SALT are pushing fixed-rate, long-term products, bringing crypto-backed loans closer to traditional credit models such as residential mortgages. Coinbase recently launched fixed-rate BTC-backed loans via Morpho. Ledn further projects that such models could expand beyond BTC to traditional hard assets like gold in the future, broadening the boundaries of the collateralized lending market.

Jiang Zhuoer: Bought back 75% of his Bitcoin position at $82,789, expects a near-term rebound

Letbit Mining Pool founder Jiang Zhuoer posted that he has repurchased 75% of his BTC position at $82,789, after selling portions at $86,789 and $84,460 earlier. He expects a near-term market rebound, citing that the market "has been unable to fall further, with plenty of buyers stepping in". Jiang also noted that his operations in recent months have been unleveraged, generating a cumulative 35.1% profit in BTC terms and 98.6% in USDT-denominated returns.

Bitcoin briefly dropped below $82,300, as Iranian tensions lifted oil prices above $102, putting pressure on market risk appetite.

Bitcoin briefly dipped below $82,300, rebounding to around the $82,500 level with a 1.94% 24-hour decline that broke below the recent key support of $83,000. FxPro previously noted that if BTC breaks decisively below $83,000, sellers could regain market control, potentially pushing prices quickly toward the $80,000 mark. The latest decline coincided with rising macro risks. Reports indicate the White House has asked the Pentagon to draft a military strike plan against Iran, a development that lifted Brent crude by roughly 2% to retake the $102 per barrel level. The U.S. 10-year Treasury yield climbed to 5.31%, near its highest since 2002, further weighing on risk assets. Major cryptocurrencies were broadly lower: XRP fell nearly 4% to $1.42, Dogecoin (DOGE) dropped around 3%, Ethereum (ETH) declined about 3% to $2,570, while HYPE and Solana (SOL) both fell over 2%. On the prior day, roughly $550 million in crypto leveraged positions were liquidated, the majority of which were long positions. Bitcoin has fallen for two consecutive trading days recently, both times alongside rising oil prices and U.S. Treasury yields. If Brent crude falls back below $100, it could ease some of the current pressure on risk assets.

Bitcoin’s decline has not triggered panic selling, with buying support in the $83,000 to $79,000 range strengthening significantly.

Analyst Murphy wrote that when BTC’s price falls, liquidity from market makers naturally tilts toward bids, while traders place orders at lower prices to wait for entry points. Data shows Binance’s spot order book’s 5% depth (total liquidity within a 5% range of the current price) hit $80 million at one point when BTC dropped to around $83,000. Relative to prior periods, this level is higher than during the September 10–16 correction and close to BTC’s sideways consolidation phase at its July bottom. Calculated at $83,000, buy orders within the 5% depth range extend roughly to $79,000, meaning substantial buy support exists between $83,000 and $79,000, which could lower the risk of the price being quickly breached. Meanwhile, the gap between taker buy and sell volumes on Binance rose steadily as the price fell, signaling more aggressive buying and fewer aggressive selling orders. Murphy noted this shows traders are not displaying significant bearish sentiment: not only is there ample passive buy support below, but aggressive buying interest has actually strengthened during the price decline.

Bitcoin whale transfers 4,500 $BTC ($375.72M) after 4 years dormant

Bitcoin whales dormant for years are waking up. Another #Bitcoin whale, bc1q4h, transferred 4,500 $BTC ($375.72M) after more than 4 years of inactivity.

A Satoshi-era address that had lain dormant for 16 years has transferred 100 Bitcoin, likely in preparation for quantum resistance.

According to Galaxy Research, a Bitcoin address dating back to the Satoshi Nakamoto era has transferred 100.02 BTC (valued at $8.55 million) after lying dormant for 16 years. The address is: 1J3A7HovGXxK1GoCGMJpXGKa5sSwCrNHJ3. David Hoffman, founder of Bankless, commented that the transfer may be aimed at preparing for quantum-resistant security.

Bitcoin continues to decline, falling below $83,000.

According to HTX market data, Bitcoin has dipped below $83,000, currently trading at $82,914.32, marking a 0.62% drop in the past 24 hours. On the news front, the U.S. government has continued to transfer large volumes of crypto assets in the early hours, with a total of $670 million worth of tokens moved out over nearly 32 hours.

Rising interest rates rekindle inflation concerns, US stocks pull back, Bitcoin continues to decline while seeking support.

Overnight to this morning, U.S. consumers’ one-year inflation expectations rose to 3.9%, hitting a more than three-year high, signaling improved labor market confidence. Separately, the minutes of the U.S. Federal Reserve’s September meeting were released, showing all 19 policymakers backed a September rate hike but cited varying rationales; most participants judged another rate increase before the end of the year could be appropriate. In related news, Axios reported that the U.S. Pentagon has ordered U.S. Central Command (CENTCOM) to complete preparations for resuming major military operations against Iran, though Trump has not made a final decision nor set a specific strike date. U.S. and Israeli officials said if the operation is relaunched, it could occur before the U.S. midterm elections on November 3, and even earlier than Israel’s general election on October 27. As a result, the three major U.S. stock indexes pulled back: the Nasdaq ended its five-session winning streak, the S&P 500 fell from record highs, and the Dow Jones Industrial Average dropped more than 1% at one point during trading. For individual stocks, data from BIT (bit.com) shows the semiconductor index and banking index both closed down more than 1%, while Micron rose 4.06% against the trend; Meta fell over 2%, and cybersecurity firm CrowdStrike dropped nearly 5%. Additionally, markets are monitoring the coordinated oil reserve release by multiple countries. Data from Bitget shows crude oil turned negative during trading: Brent crude, after rising 2% intraday, swung to a nearly 1% loss, while U.S. WTI crude settled at a new low in over a month. Gold retreated to a two-month low, dropping more than 2% intraday. In the crypto market, data from HTX shows Bitcoin fell below $83,000 overnight, then found brief support, and is currently trading at $83,234.80.

Prominent trader Killa remains bullish on Bitcoin, and will look to re-establish long positions in the $80,000 to $82,000 range.

Prominent trader Killa said Bitcoin once again failed to break the $87,000 level, and his previously established 10x leveraged long position was stopped out at the break-even price. This position was an aggressive trend-following trade, with the original expectation that BTC would break through during its second test of the high point, but after the breakout failed, the price returned to the entry level. Killa added that he will next monitor the $80,000 to $82,000 range to look for opportunities to re-establish this 10x leveraged long position. He currently holds long positions opened at $62,600 and $76,400 respectively, and sees no reason to rush into adding new long positions for now. He emphasized that risk management is critical, and his existing BTC holdings are sufficient. Regarding the future trend, Killa maintains his bullish outlook, expecting prices to continue rising. He noted that the current market is in a short-term consolidation phase, and he primarily trades based on longer timeframes.

Bitcoin ETFs see $105.43M inflow while Ethereum ETFs face $193.41M outflow

Oct 7 Update: #Bitcoin ETFs: 1D NetFlow: +1,268 $BTC(+$105.43M)?? 7D NetFlow: +1,714 $BTC(+$142.56M)?? #Ethereum ETFs: 1D NetFlow: -75,628 $ETH(-$193.41M)?? 7D NetFlow: -149,200 $ETH(-$381.56M)??

Bitcoin falls below $83,000.

According to HTX market data, Bitcoin has fallen below $83,000, with a 4.02% decline over the past 24 hours.