October 6th 2026, 9:37 AM
Bitcoin ETF Outflows Spark Price Drop
Key Summary
Bitcoin has dropped below $86,000 after a 12% gain across three consecutive positive weeks, despite U.S. spot bitcoin ETFs recording a $90 million outflow. The cryptocurrency remains supported by ETF demand and shifting interest-rate expectations, but faces resistance at $87,599 and near $90,000.
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Bitcoin has dropped below $86,000 on Tuesday after gaining more than 12% across three consecutive positive weeks. U.S. spot bitcoin ETFs recorded an outflow of $90 million following last week's massive inflow. Resistance stands at $87,599 and near $90,000, while $85,000 remains immediate support. Bitcoin consolidates after three weeks of gains
Background
Bitcoin has been on a significant upward trajectory in recent weeks, with a 12% gain across three consecutive positive weeks. However, this recent price drop marks a setback for the cryptocurrency's recovery efforts.#Bitcoin#ETF#US#Crypto#MarketVolatility