Bitcoin (BTC) — Onchain News & Whale Tracking

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.

Analysis: Bitcoin’s rally lacks trading volume and new capital support, with short-term investors opting to take profits during the upswing.

Glassnode’s report notes that Bitcoin’s breakout above the $85,000 sell wall occurred with low trading volume and limited new capital inflow, followed by a subsequent pullback. The 7-day average of combined daily trading volume on spot exchanges and U.S. spot ETFs stands at roughly $6.8 billion, lower than about 90% of trading days since January 2024. In the 30 days ending October 5, new capital from ETFs, stablecoin growth, and corporate treasury purchases totaled around $4.9 billion, less than 40% of the $12.8 billion realized market cap increase over the same period. On October 4, profitable short-term holders contributed approximately 86% of total inflows to trading platforms that day — a 1-year high — indicating recent buyers are taking profits. The options market has shifted back to a bullish bias, with the put-to-call open interest ratio at around 0.56. Recent liquidation levels are primarily concentrated below the current price; the nearest large liquidation cluster is at $81,700 to $83,300, while Binance’s largest buy order range sits at $81,000 to $81,250. If spot trading volume and ETF buying demand rebound, and Bitcoin firmly closes above $85,500, it will confirm the breakout has gained tangible support, potentially bringing the short liquidation cluster near $92,000 within reach. If the $81,000 buy level is broken, the underlying liquidation cluster could be triggered; altcoin leverage remains elevated, and a continued downturn may spark forced liquidations.

Genius Group restarts Bitcoin treasury purchases, buying 10 BTC at an average price of $85,364.

US public company Genius Group (GNS) has announced it is resuming Bitcoin treasury purchases. Between October 2 and 5, the firm acquired 10 BTC for approximately $854,000, at an average price of $85,364 per Bitcoin. The move follows the U.S. Second Circuit Court of Appeals’ August 31 ruling to vacate a preliminary injunction that had blocked Genius Group from issuing stock, raising capital, and purchasing Bitcoin. This latest buy marks the next step in the company’s $1.2 billion dual treasury capital plan, unveiled on August 27, which targets allocating $827 million in Bitcoin and $800 million in AI assets by fiscal year 2031, pushing total assets to $2 billion. Genius Group plans to continue accumulating Bitcoin while increasing its AI stock holdings. The company will fund its dual treasury purchases via operating cash flow, its previously announced perpetual preferred securities issuance program, and an at-the-market (ATM) stock offering mechanism, with the goal of boosting net asset value per share. Currently, the firm has no plans to acquire assets through debt financing or to pledge its held Bitcoin and AI stocks. CEO Roger James Hamilton noted that while this purchase is modest in scale, it signals the company’s restart of its Bitcoin accumulation strategy.

Analysis: Overall Bitcoin buyers are still sitting on unrealized losses in 2025, with $88,000 emerging as a key resistance level.

Investors who bought Bitcoin in 2025 are the only annual buying cohort still holding an overall unrealized loss, with an average cost of roughly $88,000. Bitcoin hit $87,500 in September, then consolidated before falling back below $84,000 on Wednesday. As some more recent buyers may choose to sell once they break even, $88,000 could act as a key resistance level. Annual volume-weighted average cost (VWAP) has repeatedly functioned as either support or resistance in this cycle. Bitcoin rose to around $82,100 in May, hitting the average cost of the 2024 buying cohort and stalling, before dropping to $60,000 and only breaking that level in August. The 2023 buying cohort currently has an average cost of roughly $65,000, which largely acted as support during the 2026 bear market, though prices briefly dipped below it. The 2026 buying cohort’s average cost is around $73,500; since Bitcoin broke above that level in late August, most investors in this group have been in profit. The average cost of U.S. spot Bitcoin ETF holdings is roughly $82,300, with investors in these products only recently returning to overall profitability for the first time this year, and this level could serve as support during any further price pullbacks.

Ledger launches Bitcoin-collateralized lending, enabling users to borrow stablecoins without selling their BTC.

Ledger announced at Singapore’s TOKEN2049 conference the launch of its Crypto Loan feature, which allows eligible users to borrow USDC or USDT using cbBTC or WBTC as collateral, enabling them to access liquidity without selling their Bitcoin. The feature is powered by decentralized lending protocol Morpho via technical service provider Yield.xyz. Users can directly create and manage loans, monitor loan-to-value (LTV) ratios, add collateral, repay loans, or increase borrowing limits within the Ledger Wallet. Key operations still require physical confirmation via Ledger’s hardware devices, with private keys and final transaction authorization remaining fully under users’ control. Ledger also announced that its hardware devices will support direct connection to Morpho, eliminating the need for browser extensions or software wallets. The company noted that the Crypto Loan feature will be rolled out gradually to eligible users. This move further advances Ledger’s expansion from a hardware wallet provider into the financial services sector. Previously, Coinbase launched a Bitcoin-backed fixed-rate loan built on Morpho, while JPMorgan is also exploring using Bitcoin and Ethereum as loan collateral.

Bitcoin fell to around $84,200, with its step-like uptrend structure remaining intact.

Bitcoin fell to around $83,500 at one point on Wednesday, and is now trading around $84,200 amid volatility. It has dropped more than 2% from Tuesday’s high of roughly $86,500, but remains within the $83,000–$87,000 range it has formed over the past two weeks, and its months-long "stepped" uptrend structure has not yet been broken. Giottus CEO Vikram Subburaj noted that since July, BTC has formed a stepped trend via a series of sequentially rising sideways ranges: from mid-July to August 18, it fluctuated mainly between $62,000 and $67,000, then rallied 21% over three days; from late August to mid-September, it traded in the $76,000–$81,500 range, before climbing 6.6% between September 19 and 21, after which it has held in the $83,000–$87,000 range. Subburaj pointed out that $83,000 is the current key support level. A decisive break below this could signal a failed September breakout and a retest of the $80,000–$81,500 zone. Alex Kuptsikevich, chief market analyst at FxPro, takes a different stance, identifying the area around $84,000 as a more critical support level. A breach of this level could push BTC further down to $80,000.

Analysis: Excluding Bitcoin (BTC) that has been dormant for over 10 years, the market's profit supply ratio has remained at approximately 60% for several consecutive months.

CryptoQuant analyst Darkfost stated that since August, after excluding Bitcoin (BTC) that has not moved in over 10 years, the proportion of BTC supply in a profitable state has remained around 60%. These long-idle BTC are currently in deep profit and have low liquidity; a significant portion may have been lost, so excluding them provides a more accurate reflection of the current market. Most BTC have now returned to profitable territory, but in the medium to long term, the market is still far from overheating. Investors are currently facing choices: hold positions, take profits, or exit with limited losses, especially for some positions that have been held for nearly a year. Against this backdrop, it is not surprising that BTC continues to fluctuate around current levels, and its subsequent trend will still depend on supply-demand dynamics.

Santiment: Bitcoin's net outflow from centralized exchanges (CEXs) hit the highest level in nearly seven months this Monday.

Santiment released data this morning showing that on Monday, Bitcoin’s net outflow from centralized exchanges (CEXs) reached 24,073 BTC, marking the largest single-day outflow since March 1. CEX Bitcoin supply has fallen to approximately 6.50% of the total BTC supply. Santiment notes that large-scale outflows are typically a bullish signal, as assets leaving CEXs become less readily available for immediate selling. If demand remains strong while circulating supply shrinks, buyers will have fewer coins to absorb, which will push prices higher.

Yesterday, Bitcoin ETFs posted a net inflow of $118.8 million, while Ethereum ETFs recorded a net outflow of $201.9 million.

According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs saw a net inflow of $118.8 million yesterday, with IBIT alone posting a net inflow of $122 million. Ethereum ETFs, meanwhile, recorded a net outflow of $201.9 million, marking their sixth consecutive daily net outflow, and all of the outflows were attributed to BlackRock’s ETHA.

Robinhood adds $25 million worth of Bitcoin to its balance sheet.

Johann Kerbrat, Senior Vice President and General Manager of Robinhood’s International and Crypto Business, stated that Robinhood has added Bitcoin worth $25 million to its balance sheet.

Four newly created addresses opened a 40x leveraged short position on Bitcoin shortly before this morning’s market plunge.

According to Lookonchain's monitoring, prior to this morning's market plunge, four newly created addresses deposited 1 million USDC into Hyperliquid, opening a 40x short position on Bitcoin, with the position valued at $12.5 million.

Bitcoin leads the market lower as celebrity trader Frank panic-sold over $1 million worth of altcoins.

As Bitcoin experiences a sharp pullback, the crypto market appears to be gripped by panic once more. Over the past half hour, prominent trader and DeGods founder @frankdegods has rapidly offloaded altcoins worth roughly $1 million on-chain, including $1 million worth of BP, $250,000 worth of EDEL, $70,000 worth of GP, and other tokens.

Bitcoin breaks below the $84,000 level

According to HTX market data, Bitcoin dropped below $84,000, with a 2.00% decline over the past 24 hours.