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Bitcoin rallies 35% from August lows, driven by spot buyers, while futures open interest declines.

Market News
10 Oct 2026
Crypto Briefing
View Source
Bullish
Bitcoin rallies 35% from August lows, driven by spot buyers, while futures open interest declines.

Bitcoin has surged about 35% from its August 2026 lows, reaching over $83,000 by late September. However, futures open interest, which measures leveraged bets, fell nearly 20% during this rally, indicating the price increase was driven mainly by spot market buyers rather than leveraged traders. A major liquidation event in August reduced leveraged positions significantly. In October, Bitcoin's price stabilized between $82,000 and $85,000, with institutional ETF flows influencing the market. Lower leverage reduces risk of sudden crashes but may limit rapid price spikes unless new capital enters. Investors should watch ETF flows and open interest for signs of renewed market conviction. Overall, the market shows cautious optimism with steady institutional demand and reduced leverage supporting more sustainable growth.

Bitcoin's recent rally coincides with a broad positive market trend on Pluang, where 36 of 50 major cryptocurrencies rose as of Oct 10, 2026 19:51 WIB. For readers following this sector, notable movers include THETA with a 3.75% gain and 100% buy order activity, ZIL up 3.74% with 61% sell orders, and KSM rising 3.58% despite 97% sell orders. This snapshot highlights varied investor behavior across assets during the same period.

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