Investment
Features
FeesSafety
Academy
More
Pluang+

Bitcoin futures open interest drops as spot buying rises, price nears $86,000 after recent rally.

Market News
06 Oct 2026
Blockonomi
View Source
Bullish
Bitcoin futures open interest drops as spot buying rises, price nears $86,000 after recent rally.

Bitcoin futures open interest decreased from $38 billion to $36.6 billion in the week through October 4, indicating a reduction in outstanding futures contracts. Meanwhile, spot market traders turned net buyers, with buying pressure increasing as cumulative volume delta shifted from negative to positive. Despite a cooling in ETF inflows after a prior surge, on-chain activity remains strong with increased capital movement and profit-taking among holders. Bitcoin's price hovered near $86,000 following a rally that lifted the weekly close by about 2%, suggesting cautious optimism in the market.

Bitcoin price action is the subject, with Pluang market data providing context for readers. As of Oct 06, 2026 15:41 WIB, 17 of 50 major cryptocurrencies on Pluang rose while 32 fell. Among notable movers, XLM (Stellar) traded at Rp3.859 with a 1-day change of -3.43%, ALGO (Algorand) at Rp2.273 down 3.40%, and EGLD (MultiversX) at Rp79.784 down 3.17%.

More News

Costco shares drop 10% in 6 months while S&P 500 rises 17%, raising value questions below $900.

Costco shares drop 10% in 6 months while S&P 500 rises 17%, raising value questions below $900.

Over the past six months, Costco's stock has fallen by 10%, contrasting with the S&P 500's 17% gain. This decline has sparked debate on whether Costco's shares, now trading under $900, represent a buying opportunity. Investors are weighing if the pri...

Analyst Insights
Neutral
1 hour ago
Elon Musk confirms Terafab talks, expanding chip partners beyond Intel.

Elon Musk confirms Terafab talks, expanding chip partners beyond Intel.

Elon Musk has confirmed that his company is in discussions with Terafab, marking a potential new chip manufacturing partner alongside Intel, which has been the only named chip partner until now. This development could diversify the supply chain and e...

Market News
Neutral
3 hours ago
XRP shows bullish signs with price range between $1.45-$1.65, traders eye breakout opportunities.

XRP shows bullish signs with price range between $1.45-$1.65, traders eye breakout opportunities.

Ripple's XRP token experienced bullish momentum in August, breaking key resistance and maintaining support around $1.45. Despite some short-term selling pressure and price corrections, technical indicators suggest a long-term uptrend. Traders are wat...

Technical Signals
Bullish
4 hours ago
Arthur Hayes predicts Bitcoin will hit $1M, says Michael Saylor's influence is fading with ETFs rising.

Arthur Hayes predicts Bitcoin will hit $1M, says Michael Saylor's influence is fading with ETFs rising.

Arthur Hayes, co-founder of Bitmex, stated in an interview that Michael Saylor's Bitcoin investment strategy no longer drives the market due to the rise of U.S. spot Bitcoin ETFs, which offer investors easier access to Bitcoin. Hayes highlighted that...

Market News
Bullish
4 hours ago
GoldMining reports strong gold-copper mineralization from surface at Yarumalito drill hole YAR-45 in Colombia.

GoldMining reports strong gold-copper mineralization from surface at Yarumalito drill hole YAR-45 in Colombia.

GoldMining Inc. announced initial assay results from its 2026 diamond drilling program at the Yarumalito Project in Colombia, confirming nearly 400 meters of continuous gold-copper mineralization from surface in drill hole YAR-45. The results validat...

Market News
Bullish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App