Bitcoin surged past $85,000 on October 2 before the U.S. September employment report release, fueled by short position liquidations and a softer dollar. However, this rally's sustainability depends on whether new long-term buyers emerge after forced short covering ends. The upcoming jobs data will influence Federal Reserve policy expectations and market reactions, with ETF flows and futures positioning providing clues on lasting demand. Investors should watch Treasury yields, ETF inflows, and spot market behavior in the days following to gauge the rally's strength.
Bitcoin trades at Rp1.544.558.522 on Pluang as of October 2, 2026, 18:15 WIB, showing a 2.47% increase over the day. This rise aligns with the article's note of Bitcoin climbing past $85,000 amid short liquidations. Pluang data also reveals a strong buying interest with 59% of order activity on the buy side and a typical hold time of 110 days, indicating some investors are holding for the medium term as the market awaits the impact of the U.S. jobs report on future demand.
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