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Bitcoin drops 4.1% amid ETF outflows, risks testing support as low as $72,000 in October's unusual downturn.

Market News
09 Oct 2026
Decrypt
View Source
Bearish
Bitcoin drops 4.1% amid ETF outflows, risks testing support as low as $72,000 in October's unusual downturn.

Bitcoin has fallen 4.1% this week, breaking from its usual October gains, after U.S. spot Bitcoin ETFs saw outflows of $484.9 million on Wednesday. Experts warn that Bitcoin could continue to decline, potentially testing support levels between $72,000 and $77,000, based on on-chain data and technical averages. The drop is attributed to weak spot demand and ETF investor caution, with major funds like BlackRock's IBIT and Fidelity's FBTC experiencing significant withdrawals. While October historically shows positive returns for Bitcoin, analysts advise caution and emphasize that market fundamentals, liquidity, and macro conditions are more critical than seasonal trends.

Despite the recent weekly drop in Bitcoin noted in the article, on Pluang Bitcoin is currently trading higher with a 1-day gain of 0.83%. The price stands at Rp1.482.309.834, with a market cap of Rp29.897,37 trillion and a 24-hour trading volume of Rp748,3 trillion. This data is as of Oct 09, 2026 20:32 WIB.

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