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Bitcoin rebounds to $83K after a dip, but ETF outflows keep pressure on prices.

Market News
09 Oct 2026
Bitcoin
View Source
Neutral
Bitcoin rebounds to $83K after a dip, but ETF outflows keep pressure on prices.

Bitcoin briefly recovered to $83,000 after falling to a month-low of $80,308, pushing its market cap to $1.66 trillion. The rebound followed heavy outflows of over $700 million from spot bitcoin ETFs this week, signaling ongoing selling pressure from institutional investors. Analysts say Bitcoin must hold above $82,800 to target $85,000; failure to do so could see a drop toward $77,000. Market liquidations have decreased since Thursday's crash, but leveraged long positions remain vulnerable, indicating cautious trading ahead.

Bitcoin trades at Rp1.476.496.865 on Pluang as of Oct 10, 2026 00:51 WIB, up 2.00% in the last day. The market cap stands at Rp29.749,13 trillion with a 24-hour volume of Rp492,15 trillion. Buy orders dominate at 70%, and typical holding time is 111 days, showing steady investor interest despite recent volatility.

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Bitcoin must reclaim $82,800 to support recovery amid weakening ETF demand and heavy liquidations.

Bitcoin must reclaim $82,800 to support recovery amid weakening ETF demand and heavy liquidations.

Bitcoin faced significant outflows from US spot ETFs, totaling $729 million over two days, signaling weakening demand. Bitunix analysts highlight $82,800 as a crucial level for Bitcoin to reclaim to confirm a recovery and potentially test $85,000 to ...

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8 hours ago
Bitcoin price rebounds near $83,000 but must hold $79,600-$80,400 support to sustain recovery.

Bitcoin price rebounds near $83,000 but must hold $79,600-$80,400 support to sustain recovery.

Bitcoin's price has bounced back toward $83,000 after dipping to around $80,400, with key support identified between $79,600 and $80,400. While daily momentum indicators show weakening upward strength, the weekly chart suggests a potential recovery i...

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