Bitcoin Dips Amid Volatility and Key Economic Events Ahead

Bitcoin (BTC) traded near $85,559, roughly 32% below its October 2025 high. US spot Bitcoin ETFs saw about $90 million in net outflows, while weekly inflows slowed to $208.1 million. The market experienced significant volatility, with total crypto liquidations ranging from $190 million to $240.5 million, including $114 million from long positions. Around 64,622 to 65,022 traders were affected by these liquidations.

BTC futures open interest dropped by 3.8% to $36.6 billion, while long funding payments surged by 57% to $1.5 million. On-chain activity showed a 6.1% increase in active addresses, reaching 675,800, with more circulating supply in profit. Key upcoming events include the US CPI report on October 14, the Federal Reserve meeting from October 27 to 28, and the Mt. Gox repayment deadline on October 31, all of which could drive further volatility.

Binance's BTC reserves decreased by approximately 41,700 BTC (around $3.3 billion) over 15 days, while BTC spot CFD trading consolidated near $85,000. Bitcoin's movement correlated with shifts in US yields, particularly after the recent jobs data, which caused a rapid intra-minute jump. Higher interest rates may continue to pressure BTC prices, as noted by CoinGlass, which reported about $27.5 million in short losses within an hour.

Regulatory developments included the CFTC's clarification in March 2026 that BTC spot CFD is a commodity under its jurisdiction, along with proposed guidelines for crypto market registration. MicroStrategy, holding about 848,000 BTC (roughly 4% of the supply), recently added 334 BTC at $85,838.80, funded by $13 million in cash and recent MSTR ATM sales, reporting $22.2 million in interest income. Exchange withdrawals have reduced BTC supply on exchanges, signaling accumulation off exchanges.