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Bitcoin drops 7% amid large BTC transfers from U.S. government-linked wallets and increased exchange activity.

Market News
09 Oct 2026
Tokenpost
View Source
Bearish
Bitcoin drops 7% amid large BTC transfers from U.S. government-linked wallets and increased exchange activity.

Bitcoin has fallen about 7% after U.S. government-linked wallets transferred a total of 17,468 BTC between October 6 and 8. These transfers, combined with short-term holders moving around 45,600 BTC to exchanges within 24 hours, coincided with the price decline. Approximately 20,700 BTC was moved at a profit and 24,900 BTC at a loss, with an average realized price near $74,600. While these wallet movements align with the Bitcoin drop, there is no direct evidence they caused it, and the tracked wallets do not represent all Bitcoin held by the U.S. government.

Despite the recent Bitcoin price drop mentioned in the article, on Pluang Bitcoin is currently trading at Rp1.485.385.527 with a positive 1-day change of 0.84%. The market shows strong buying interest with 76% of orders as buys and a typical hold time of 111 days. These figures are as of Oct 09, 2026 20:02 WIB.

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