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Bitcoin falls 7% amid U.S. government BTC transfers and rising selling pressure

Market News
09 Oct 2026
Blockonomi
View Source
Bearish
Bitcoin falls 7% amid U.S. government BTC transfers and rising selling pressure

Bitcoin has dropped 7% from recent highs, trading around $82,529 after a 3.96% weekly decline. The sell-off is linked to U.S. government Bitcoin transfers totaling 17,468 BTC since October 6, valued at about $1.44 billion, and elevated unrealized profits prompting profit-taking. Short-term holders moved 45,600 BTC to exchanges within 24 hours, including 29,100 BTC at a loss, increasing selling pressure. Key support levels to watch are $82,500 and $74,600; holding above $74,600 is crucial to maintain Bitcoin's early bull-market structure, while a break below could lead to deeper corrections.

As of Oct 09, 2026 16:01 WIB, Bitcoin on Pluang is trading at Rp1.477.259.980 with a slight 0.33% decrease over the past day. The platform shows a strong buying interest with 76% of orders as buys and a typical hold time of 111 days, indicating steady investor confidence despite recent volatility. Bitcoin's market cap stands at Rp29.692,75 trillion, highlighting its significant presence in the market.

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