Bitcoin slid back towards $85,000 on Tuesday after another attempt to break above $87,000 failed, leaving traders caught between a still-supportive recovery and increasingly stubborn resistance. BTC was trading around $85,500 to $85,600 on October 6 after sellers rejected $87,000 for the third time since September 23. The pullback is still modest, but repeated failures at the same level suggest buyers are struggling to turn softer jobs data and ETF demand into another breakout. Bitcoin keeps failing at $87K despite a better macro backdrop Bitcoin has benefited from weaker US employment data, which reduced expectations of another near-term Federal Reserve increase. Yet that tailwind has still failed to push BTC decisively through $87,000. The 10-year Treasury yield remained around 5.
The shift towards call options suggests growing optimism in Bitcoin's future, potentially driving increased volatility and market speculation. Bitcoin options traders lean into upside as short-dated calls gain favor.
The exchange recorded a weekly net outflow of 23,100 BTC, its largest since June 2023.
Bitcoin maintained levels around $86,000 on Monday following its strongest weekly closing price in eight months. The cryptocurrency encountered difficulty breaking above this threshold as American markets commenced trading.
The accounts run on MiCA-authorized infrastructure from Lightspark Payments Europe AS. Keys sit in a hardware security module, and only designated owners can move funds.
Strive added 2,000 BTC at an average $84,422, but remains fifth and carries $1.29 billion in preferred stock obligations.
Bitcoin trades at $85,554 as Strategy reports a $20.91B Q3 gain and Strive adds 2,000 BTC. Key resistance, support, and catalysts.
Shifting investor sentiment towards Bitcoin may increase market volatility, challenging Ethereum's position and impacting altcoin dynamics. Bitcoin and Solana spot ETFs see net outflows as Ethereum records inflows.
Licensed Tanzanian tour operator Zatatep Tours now accepts bitcoin alongside credit cards for booking trips across Tanzania.
BlackRock's dominance in Bitcoin ETFs highlights the growing institutional influence on cryptocurrency markets, potentially impacting market dynamics. BlackRock ETF clients buy $69.85 million in Bitcoin.
Strategy estimates an accounting gain of $20.91 billion on its digital assets in the third quarter of 2026, according to its October 5 SEC filing. However, the nine-month balance remains negative by about $1.86 billion, according to our calculations.
Open interest fell to $36.6 billion in the week through Oct. 4, while spot cumulative volume delta rose from negative $102.8 million to positive $33.2 million.