Weekly Crypto Report – 9th October 2026

Over the past week, the crypto market reversed its early-October strength and slipped into a risk-off phase. Bitcoin pushed to about $87,100 on 2 October but could not hold its gains, and sellers took control midweek as reports of a possible Iran strike plan lifted oil prices while Treasury yields stayed elevated, with the US 10-year yield near 5.3%. Ethereum underperformed Bitcoin, losing its $2,700 base and sliding towards the $2,550 support zone. Forced liquidations jumped to roughly $548 million on 7 October, and spot Bitcoin ETFs recorded $484.9 million in net outflows that day, their largest daily outflow since June, turning October’s monthly flows negative. Sentiment cooled, with the Fear & Greed Index easing to 64 and total crypto market capitalisation slipping to about $2.92 trillion. Even so, on-chain data pointed to some accumulation, with large holders adding more than 14,000 BTC since 1 October. Overall, last week reflected a market pulling back towards the lower end of its recent range, with traders now focused on key support near $82,000 for BTC and on the September US CPI release due on 14 October.

Bitcoin’s rebound from the mid-September low of $75,025 stalled just below $87,400, and the 2 October push to $87,129 was rejected, triggering a pullback that has shifted market focus back to key support zones. BTC slid from $85,552 on 6 October to close at $83,322 on 7 October and is now trading near $82,700 after recording a daily low of $82,300. Price has been testing the lower end of its range since 21 September, between roughly $82,000 and $83,300, which is also where Glassnode data shows a cluster of liquidation levels (about $81,700 to $83,300). A daily close below this zone could expose $81,500 and the $80,000 psychological level, while a reclaim of $84,000 would be the first sign of stabilisation. Glassnode also flags thin demand near $81,000, keeping the downside risk alive. Derivatives and on-chain signals are mixed: long liquidations topped $500 million as the price slid, yet large holders have added more than 14,000 BTC since 1 October.

US spot Bitcoin ETFs recorded $484.9 million in net outflows on 7 October, the largest single-day outflow since June, erasing the $321.6 million that had flowed in over the first four US trading sessions of October and turning the month’s net flows negative. Ether ETFs fared no better, shedding $160.9 million on the same day and about $506 million over the past five sessions, extending their losing streak to seven consecutive sessions. The renewed selling marks a reversal in institutional sentiment and removes a key source of support for both assets, leaving price action more dependent on macroeconomic triggers such as oil prices, bond yields, and the upcoming CPI release.

Ether has lost about 5.2% over the past week, falling from a close of $2,706 on 1 October to around $2,565 today, and has slipped below the $2,600 level that had capped its recovery from the September low of $2,360. The 4-hour structure has weakened after the price lost its 50, 75, and 100 EMAs in a single move, and these averages, near $2,666 to $2,689, now act as overhead resistance. Immediate support sits at $2,548 to $2,560, with $2,500 (which also coincides with the 50-day EMA) being the critical level; below it, $2,330 to $2,355 comes into view. Institutional demand is also softening: spot Ether ETFs have lost about $506 million over five sessions, and BitMine chairman Tom Lee said at TOKEN2049 on 7 October that the company would not acquire more than 5% of Ether’s supply, tempering expectations of continued treasury buying. For a recovery, ETH first needs to reclaim $2,600 and then clear resistance at $2,680 to $2,700. A sustained break above $2,800 would reopen the path towards $3,000, while a failure to hold $2,500 risks a deeper retracement.

Also Read: The State of Crypto in India: H1 2026 Review & H2 2026 Outlook

Crypto Assets

BTC

After making a recent low of $75,025 on 15 September, BTC staged a relief rally of almost 16.4%, with the price bouncing to $87,363. The bulls were unable to push the price above $87,400, and it corrected by almost 5.8% to today’s low of $82,300. On a broader time frame, BTC is trading sideways within a range of $82,000 to $87,400 and is now testing the lower boundary of that range, while still trading about 34% below its all-time high of around $126,000, set in early October 2025. A breakout on either side of the range will help determine the asset’s next trend. 

ETH

After reaching an all-time high of $4,956, ETH witnessed a sharp fall and is still trading almost 48% below that peak. Following a recent swing low of $2,360 on 15 September, the asset staged a relief rally of almost 18.9%, reaching $2,805. However, the bulls could not hold the $2,800 resistance level, and the price corrected by around 9% to today’s low of $2,553. ETH is trading sideways within a range of $2,550 to $2,800 and is now testing the lower end of this range. A daily close below $2,550 would open the way to $2,500 and then $2,350, while a breakout above $2,800 would be the first sign of a trend reversal. A breakout on either side of the range will help determine the asset’s next trend. 

Weekly Snapshot

Also Read: India’s Crypto Investor Behaviour in H1 2026: HODL vs. Trading Trends

Market Updates

• Samsung is bringing USDC to Samsung Wallet on Galaxy phones, putting stablecoin payments within reach of up to 82 million devices, although the launch is limited to the US at first.
• BitMine Immersion Technologies chairman Tom Lee said at TOKEN2049 on 7 October that the company will not acquire more than 5% of Ethereum’s supply, putting a ceiling on its ETH treasury accumulation as spot Ether ETFs extend their run of outflows.
• Traders are positioning for the September US CPI release on 14 October. Analysts note that BTC holds support between $82,000 and $83,000, and that easing Treasury yields could lift Bitcoin toward $86,500, while a break below support could expose $81,500.

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