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.
Glassnode's weekly snapshot pairs a smaller derivatives footprint with rising holder activity, while spot buying supplies a counterweight.
BTC fell back to about $85,600 after sellers turned it away from $87,000 for the third time since Sept. 23, while Nasdaq closed at a record and Treasury yields kept climbing.
The daily outflow reversed a $189.9 million inflow on the previous trading day, while five-day net flows remained positive at $120.3 million.
Bitcoin is trading close to US$86,000 after briefly approaching US$87,000, with improving expectations around US interest rates supporting the market but sellers continuing to emerge near the cryptocurrency's recent highs. The world's largest digital asset was trading around US$85,845 at the latest check, down about 0.8% on the session after ranging between US$85,050 and US$86,949.
The Japan-listed company held the sale proceeds in cash between the transactions and ended the third quarter with 44,000 BTC.
Could this become another significant liquidity event for financial markets and especially crypto?
The probability fell 10% in 24 hours. A separate contract put the chance of Bitcoin reaching $87,500 at 77%.
Market spot-trading volume remains low, with no clear sign of spot buying.
The optional SATA ceiling is $215.3 million above October 2 cash, with no completed repurchases or dedicated funding source disclosed.