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Bitcoin holds above $80K despite $681M ETF outflows and oil prices topping $100 amid Middle East tensions

Market News
12 Oct 2026
Bitcoin
View Source
Neutral
Bitcoin holds above $80K despite $681M ETF outflows and oil prices topping $100 amid Middle East tensions

Bitcoin has maintained its price above $80,000 even as Brent crude oil prices surged past $100 due to renewed Middle East tensions. This resilience is notable given the $681 million weekly outflow from U.S. spot bitcoin ETFs, which signals weaker institutional demand. The key test for bitcoin's price stability will be whether it can hold support if institutional selling continues. Meanwhile, a major strategy added 250 BTC, showing ongoing but modest corporate demand. Holding above $80K through these pressures suggests some decoupling from traditional market risks, but sustained institutional buying is needed for stronger support.

Bitcoin trades at Rp1.478.020.561 on Pluang as of Oct 12, 2026 22:32 WIB, showing a slight 0.27% decline in the last day. Despite the $681 million outflow from U.S. spot bitcoin ETFs mentioned in the article, Pluang data shows buyers still dominate with 68% of order activity. The typical hold time of 111 days on Pluang indicates a moderate-term investor base amid ongoing market fluctuations.

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