Bitcoin fell from nearly $87,000 to around $80,400 amid $729 million net outflows from U.S. spot Bitcoin ETFs over two days. Key ETFs like BlackRock's IBIT and Fidelity's FBTC led the outflows, coinciding with a 2.6% and 1.9% price drop on Oct. 7 and 8. For Bitcoin to regain momentum, it needs to move above $82,800, which could lead to testing the $85,000-$87,000 range. A drop below $80,400 might shift focus to lower support zones, but these are not confirmed floors. ETF outflows and derivatives positioning remain critical factors for Bitcoin's short-term direction.
Bitcoin's recent price movement and ETF outflows provide context for cryptocurrency trends. For readers following crypto markets, here is Pluang's snapshot as of Oct 09, 2026 23:51 WIB: Among 50 major cryptocurrencies, 42 rose and 7 fell today. ENJ rose 5.38% to Rp554 with a typical hold time of 104 days and 68% sell activity, while SUSHI gained 4.94% to Rp4,147 with 94% buy activity and a 101-day hold. VET increased 4.60% to Rp138, holding for 147 days with 57% buy orders.
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