Bitcoin edges higher ahead of U.S. jobs report as global bond yields surge
Derivatives traders added exposure as open interest rose 4.3% to 653,000 BTC, while short liquidations topped $120 million.
- On Friday, Bitcoin buyers breached a concentrated sell wall near $85,000, driving the price to $86,857—its highest level since September 23—before pulling back below $86,000 by Monday.
- Rising open interest to approximately 653,000 BTC and short liquidations exceeding $120 million fueled the breakout, according to CoinGlass data. Perpetual funding rates spiked from around 3% to 10%, signaling aggressive bullish positioning.
- Institutional buying reinforced the rally as US spot Bitcoin ETFs recorded $102.7 million in net inflows on October 1, according to Farside Investors. Daily flows have cooled significantly since September 21's peak of $999 million.
- Bitcoin traded just under $86,000 on Monday morning, up 1.3% over 24 hours, after failing to hold above $87,000. Daily momentum has weakened, with liquidation clusters forming on both sides of the market.
- Bitfinex analysts identify sustained buying above $86,500 as a condition for further gains, while warning that trading below $81,300 combined with declining ETF demand would weaken the market structure. The outlook hinges on institutional participation.
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The price of Bitcoin reached a week high on Friday. Shortly before the weekend, the cryptocurrency on the Bitstamp trading platform temporarily rose to 87,219 US dollars (77,199 euros). However, the price fell quickly again: On Saturday the Bitcoin was traded at 84,590 dollars.
Bitcoin price faces $86,500 hurdle as ETF buying returns
Bitcoin price has retreated toward $84,000 after reaching $87,220, while Bitfinex analysts have identified sustained buying above $86,500 as a condition for further gains. Bitfinex’s Analyst Team, in comments provided directly to crypto.news, said renewed U.S. spot Bitcoin ETF inflows…
Bitcoin accelerates on Friday (2) and renegotiates above $86,000, supported by a weaker payroll than expected in the United States and the resumption of ETF entries in view of cryptocurrencies. At around 11:30 a.m., bitcoin rose 3.4% in 24 hours, to $86,124.20, according to CoinGecko. In Brazil, it was traded at R$450.111.24, at 2.88%, according to the CoinTrader Monitor. The American economy created 29 thousand vacancies in September, below 84 …
Times of India
Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin leads crypto market rebound above $85K as short liquidations accelerate
Crypto markets rose on Friday as total market capitalisation reached $3.042 trillion, with Bitcoin reclaiming $85,000 amid easing Treasury yields and a short squeeze. Bitcoin gained about 2%, while Ethereum held above $2,700. Investors now await US jobs data for clues on Treasury yields, the dollar and crypto’s next move.
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