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Bitcoin trades near USD 84,186 as spot ETF flows turn negative.
Long liquidations reached USD 738.81 million as leverage unwound across derivatives.
Fed minutes today and CPI on October 14 could trigger fresh volatility.
Bitcoin is trading near USD 84,186 after another failed push above USD 87,000. The broader market has slipped as leveraged longs unwind.
ETF flows have turned negative, and Treasury yields remain elevated. Traders now await Fed minutes for fresh direction.
Bitcoin trades at USD 84,185.99, down 1.7% over the past 24 hours, per CoinGecko. Its market capitalization stands near USD 1.69 trillion, with 24-hour volume around USD 31.75 billion.
Below is today's Daily Quote roundup from leading crypto desks.
Prateek Gupta, Head of Business at Mudrex, said Bitcoin holds near USD 85,500. USD 87,000 has been rejected three times since September 23. Binance reserves fell from 704,800 to 663,100 BTC. Resistance sits at USD 86,500, with support at USD 85,000.
CoinSwitch Markets Desk said BTC holds around USD 85,000 with subdued spot demand and ETF participation. Its correlation with the S&P 500 is rising. Elevated long-term Treasury yields still limit risk appetite, so macro liquidity should drive the next move.
Nischal Shetty, Founder of WazirX, flagged USD 2,600 as Ethereum support, with resistance at USD 2,650. Solana finds support in the USD 115 to USD 118 zone. XRP needs to reclaim USD 1.50, while USD 1.45 is first support.
Also Read: Why Long-Inactive Bitcoin Wallets Still Matter to the Crypto Market
Vikram Subburaj, CEO of Giottus, said Bitcoin trades between USD 85,500 and USD 86,000 against resistance near USD 87,000. Fed hike odds have dropped to about 20%. He advised staggered buying and measured position sizes.
Source: CoinGecko, prices as of today's session.
No major coin posted a meaningful gain today. Dogecoin led the decline with a 5.1% drop, followed by Hyperliquid at 3.4% and Ethereum at 3.3%. Figure Heloc was the lone advancer at 0.5%.
The US economy added only 29,000 jobs in September, while unemployment rose to 4.2%. October 28 FOMC hike odds fell to about 20% from roughly 70% a week earlier, per CME FedWatch. Traders read the data as a cooling signal.
The Fed releases its September meeting minutes today, with the 10-year Treasury yield near its highest level since 2002. Elevated yields reduce demand for assets that pay no interest. September CPI follows on October 14. Both releases could trigger volatility.
US spot Bitcoin ETFs recorded USD 89.8 million in net outflows on October 5. ARKB lost USD 85.2 million and FBTC shed USD 74.5 million, while IBIT added USD 69.9 million. This reversed a USD 189.9 million inflow on October 2.
Ether spot ETFs also saw about USD 51 million in outflows, extending losses to five straight sessions. Total Bitcoin ETF net assets stand near USD 111 billion, roughly 6.4% of Bitcoin's market value. Weaker fund demand has capped each push toward USD 87,000.
CoinMarketCap data shows USD 805.76 million in liquidations over the past 24 hours. Longs accounted for USD 738.81 million of that total, while short positions lost USD 66.94 million. Bulls bore the brunt of the pullback toward USD 84,000.
Derivatives open interest stands near USD 424.09 billion, with 24-hour derivatives volume at USD 764.1 billion. CoinGlass maps liquidity clusters near USD 87,600 and USD 83,400. Glassnode sees the largest short cluster near USD 90,000.
Strategy bought 334 BTC for about USD 28.7 million between October 1 and October 4. The average price was USD 85,838.80 per coin, according to its Form 8-K filing. The purchase was funded through at-the-market stock sales and cash.
Holdings now stand at 848,000 BTC, acquired at an average cost near USD 75,437. With Bitcoin near USD 84,186, the position remains in unrealized profit, though the latest batch was bought above spot.
OKX secured fresh investments from Circle, Ripple, SC Ventures and QRT at a USD 25 billion valuation. OKB climbed 7.7% to about USD 136.90 on October 6, lifting its market cap to USD 2.87 billion. It has gained over 13% this week.
OKX and NYSE owner ICE have filed with the SEC to offer tokenized US stocks. The initial plan could cover as many as 63 listed companies, which signals deeper links between crypto and traditional finance.
Also Read: How Bitcoin Payment APIs Work, Where Businesses Can Use Them
Bitcoin's hold above USD 84,000 shows buyers still defend support, though USD 87,000 remains a firm ceiling. Weak ETF flows and heavy long liquidations have cooled momentum.
Fed minutes, CPI on October 14 and Treasury yields are the next catalysts. Investors should favor staggered entries, modest position sizing and low leverage.
1.What is the Bitcoin price today?
Bitcoin trades at USD 84,185.99, down 1.7% over the past 24 hours, per CoinGecko. Its market capitalization stands near USD 1.69 trillion, with daily trading volume around USD 31.75 billion.
2.Why is crypto down today?
Long liquidations of USD 738.81 million and spot ETF outflows of USD 89.8 million weighed on sentiment. Elevated Treasury yields also limited risk appetite, with Fed minutes arriving today for fresh direction.
3.Are Bitcoin ETFs still seeing inflows?
No, flows turned negative. US spot Bitcoin ETFs saw USD 89.8 million in outflows on October 5. This reversed a USD 189.9 million inflow on October 2.
4.Which coins fell the most today?
Dogecoin dropped 5.1%, followed by Hyperliquid at 3.4% and Ethereum at 3.3% among the top 12 coins. Tether and USDC stayed flat near USD 1, while Figure Heloc edged up 0.5%.
5.What should investors watch this week?
Track the Fed minutes today, September CPI on October 14 and the 10-year Treasury yield. These catalysts will likely decide whether Bitcoin holds support near USD 84,000 or retests lower levels.
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