From Uptober to Spooky Szn? Bitcoin Cuts September Gains in Half
Summary
Bitcoin fell 2.67% to about $81,125, trading roughly 5.6% below its Sept. 21 peak as high oil prices, elevated Treasury yields and fading bullish momentum weighed on markets. Spot Bitcoin ETFs recorded $484.9 million in outflows on Oct. 7, their worst day since June, while about $429 million in crypto positions were liquidated over 24 hours, mostly leveraged longs. Technical signals are mixed: the long-term golden cross remains intact, but RSI has weakened and Bitcoin is testing short-term support near $82,626. A daily close below that level could extend the correction toward the $79,700–$81,200 zone; a recovery above it would preserve the recent trading range. Oil, ETF flows and Fed policy are among the near-term catalysts.
