Bitcoin trades near $84.6K after failing above $87K. Weak U.S. jobs data and ETF demand keep $90K in play if resistance breaks.
Bitcoin whale selling shifts focus to $82.5K support after a price rejection near the $87,000 level.
Bitcoin traded between $84,614 and $84,887 on Saturday, Oct. 3, 2026, after a sharp rejection from a 24-hour intraday high of $87,085, leaving the market wedged between short-term consolidation and a broader bullish structure.
October has historically been a strong month for Bitcoin, and signs suggest this month is unfolding in line with market expectations.
The September 29 snapshot shows leveraged funds' reported shorts fell about 5,300 BTC-equivalent across four products, while longs and open interest also declined.
The company's balance was dated Sept. 27, 2026, with an average purchase price of $75,437 per Bitcoin.
Bitcoin advocate and Strive executive Adam Livingston has mapped out a path for Strategy's 847,666 BTC to reach $161.8 billion, about $90 billion more than today. The Claim Strategy's stack is worth about $71.6 billion at the moment. Bitcoin priced in gold peaked at 40.1 ounces around December 2024 and now sits near 20.
The chart does not give an exact observation time, and the reserve figure alone does not explain why coins left exchange wallets.
After Bitcoin witnessed a brief price recovery recently, reclaiming its previous high around $87,000, the sharp price rally has driven demand for the asset.
Matthew Sigel described quantum computing as a long-term risk. He also pointed to the potential value of miners' long-term power agreements as AI data centers need stable electricity.
Bitcoin's (BTC) long-term valuation model, the Bitcoin Rainbow Chart, is suggesting that the cryptocurrency remains below its historical trend valuation as October begins.
The SEC approved the listing and trading of the 3x Bitcoin ETF and 3x Ether ETF, alongside four other 3x commodity-linked products under the VS Trust. The approval expands access to leveraged crypto exposure through US-listed ETFs.