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Bitcoin holds above $84,000 despite $681M ETF outflows as oil prices drop

Market News
12 Oct 2026
Coindesk
View Source
Bullish
Bitcoin holds above $84,000 despite $681M ETF outflows as oil prices drop

Bitcoin rebounded to nearly $84,000 after slipping earlier in the week, shrugging off $681 million in outflows from U.S.-listed spot bitcoin ETFs, the largest since June. The decline in oil prices, partly due to eased U.S. sanctions on Russian diesel imports, coincided with gains in other major cryptocurrencies like ether and XRP. Analysts see $82,000 as a key support level for bitcoin and are watching the upcoming U.S. inflation data on October 14 as a potential market catalyst. Despite ETF outflows signaling cautious institutional sentiment, the broader crypto market showed strength with most top tokens advancing.

As of Oct 12, 2026 12:02 WIB, Bitcoin trades at Rp1.503.094.433 on Pluang, showing a 1.39% gain over the past day, while XRP edges slightly higher by 1.54% at Rp25.313. Binance Coin also advances but more modestly, up 0.93% to Rp13.464.035. Bitcoin's strong price and high buy activity of 68% on Pluang contrast with XRP's lower circulating supply utilization at 64%, highlighting varied investor interest across these cryptocurrencies.

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