Bitcoin traded at $82,213 in the snapshot. Binance spot also favored buyers, while Coinbase spot and OKX perpetual markets had more sell orders.
Technical indicators suggest the bullish trend remains intact, but prediction market traders are sending mix signals.
Bitcoin's resilience amid market volatility highlights its potential as a hedge against economic uncertainty and shifting monetary policies. Bitcoin steadies near $82,000 as Warsh declines to signal another Fed hike.
Twist on the Fed! The probability of a rate hike in October collapses from 48% to 13% on Polymarket.
The outflows covered Oct. 5-9. Solana's Alpenglow activation is expected Oct. 21; Chainlink's CCIP 2.0 and Standard Chartered's RLUSD custody service are live.
Santiment said on October 15 that the number of Bitcoin wallets holding between 10 and 10,000 BTC reached a record 20,338 after rising sharply since mid-July. The milestone strengthens attention on Bitcoin whale activity, with large-holder wallet growth continuing despite repeated price volatility and a more defensive trading backdrop.
Despite net outflows, robust trading volume in Bitcoin ETFs suggests resilient investor interest, indicating potential market stability. Bitcoin ETFs trade over $7.5B in a week despite $145M in net selling.
A wallet linked to Hut 8 transferred 1,966 BTC, worth approximately $161 million, to exchanges and other addresses over seven days. On-chain analysts traced the transactions to Coinbase Prime custody wallets, although the transfers do not confirm that the company sold its Bitcoin.
Bitcoin brushed $80,000 on Thursday before bouncing back above $82,000. While buyers managed to defend this key threshold, Glassnode notes a sign of fragility: buy orders supporting the price are becoming scarce below this symbolic level.
Fidelity Investments Director of Global Macro Jurrien Timmer sees a potential path for Bitcoin toward $300,000 by 2029 if its long-term growth trajectory continues. His valuation framework also points to $100,000 as an intermediate level, while the $300,000 projection remains a conditional long-term scenario rather than a guaranteed price target.
Bitwise CIO Matt Hougan argues that bitcoin could benefit across radically different AI-driven economic outcomes, from a productivity boom to a recessionary crash. His thesis rests on one idea: Whether the world gets more abundance, more money creation, or simply more adoption, scarcity still favors bitcoin.
Capital B reported a net loss of $78.1 million in the first half of 2026, compared with $2.1 million in the same period a year earlier. The company attributed $75.9 million of the loss to a non-cash accounting impairment related to the decline in Bitcoin's value.