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Bitcoin ETF demand plunges 96% amid macro pressure; traders eye $90K rally ahead of key labor data.

Market News
01 Oct 2026
AMBCrypto
View Source
Neutral
Bitcoin ETF demand plunges 96% amid macro pressure; traders eye $90K rally ahead of key labor data.

Bitcoin ETF inflows have dropped sharply from nearly $1 billion to just $31 million daily, signaling a 96% decline in institutional demand amid macroeconomic pressures. Short-term holders have moved around 45,000 BTC to exchanges, increasing potential sell-side supply and risking Bitcoin's recovery. Despite this, some traders are optimistic, betting on a rally to $90K and above, contingent on the U.S. labor report due October 2, which will influence Federal Reserve rate decisions and market direction. The labor data could either support a rate pause, boosting Bitcoin, or trigger renewed rate hike fears, pressuring prices further.

Bitcoin trades at Rp1.503.685.742 on Pluang as of October 1, 2026, 11:12 WIB, showing a modest 0.90% increase in the last day. Market participants on Pluang lean towards buying, with 63% of order activity favoring purchases. The typical holding period on the platform is 110 days, indicating a medium-term investor horizon amid current market uncertainty.

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