Bitcoin price has begun October near $85,000 after a weak U.S. jobs report lifted hopes that the Federal Reserve will leave rates unchanged this month.
US Bitcoin ETFs saw volatile flows last week, while BTC staged a strong recovery and climbed above $86,000 over the weekend.
Willy Woo estimated that about 12% of countries hold Bitcoin and roughly 5% of the world's population owns it.
There is a very important level coming up for the top cryptocurrency. This could be the key to either making or breaking a potential breakout for the most recent bounce.
Sustained inflows into spot Bitcoin ETFs could stabilize market prices, but concentration in a few funds may mask broader investor sentiment. Spot Bitcoin ETFs see $241M in net inflows for third straight week.
Bitcoin's Sept. 21 peak was $87,397.
Bitcoin came within about $500 of its late-September peak before sellers pushed it back under $86,000. It's the second rally in a week to stall.
Ether beat bitcoin in the third quarter, but its market liquidity got thinner, according to Coingecko.
September trading volume topped $50 billion on Binance, while Bybit and Kraken also recorded gains from July.
Bitcoin (BTC) finished the third quarter of 2026 with its strongest July-to-September result since 2017, then carried that momentum into early October by absorbing a dense band of offers near $85,000 and trading back toward its best levels of the year.
The five hypothetical orders total $10,000 if filled, with an average entry near $87,887. He also holds a spot position.
Blackrock's IBIT led weekly gains with $450 million, while Fidelity's FBTC had the largest outflow at $168 million.