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Altcoins rally as Bitcoin trades below $83,500 amid ETF outflows and thin market liquidity.

Market News
12 Oct 2026
Coindesk
View Source
Neutral
Altcoins rally as Bitcoin trades below $83,500 amid ETF outflows and thin market liquidity.

Altcoins are outperforming major cryptocurrencies with the CoinDesk 80 index rising about 3% in 24 hours, while Bitcoin trades below $83,500 and Ether gains around 2.5%. Despite a recovery in Bitcoin and Ether liquidity since last year's flash crash, altcoin liquidity remains thin. U.S. spot Bitcoin ETFs saw $681 million in net outflows last week, the largest since June, ahead of key U.S. inflation data. Futures trading volume surged 81%, but open interest barely increased, indicating traders are rotating positions rather than opening new ones. Market focus is now on the upcoming U.S. consumer price index release, which could impact crypto markets further.

Bitcoin is trading at Rp1.491.915.048 on Pluang with a modest 0.66% gain as of Oct 12, 2026 17:41 WIB. Meanwhile, NEAR Protocol shows strong momentum with a 9.95% increase, priced at Rp102.773. Pluang data also reveals that typical hold time for Bitcoin is 111 days, indicating steady investor confidence during this period of altcoin activity.

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A whale address on Hyperliquid opened leveraged long positions totaling about $28.8 million across Bitcoin, Ether, and NEAR on October 12. The address used 40x leverage to buy 200 BTC at an average price of $83,604.50, 25x leverage for 4,000 ETH at $...

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XRP trades near $1.42, below short-term averages but above long-term support amid mixed momentum.

XRP trades near $1.42, below short-term averages but above long-term support amid mixed momentum.

XRP traded around $1.42 on Oct. 12, remaining below its 20-day and 50-day moving averages but above the 200-day average of $1.28. The token fell short of a $1.53 forecast target and faces immediate resistance at $1.43 and $1.45, with support near $1....

Technical Signals
Neutral
7 hours ago
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