Markets· ★★★★· bullish·

Bitcoin Back Above $85,000 Ahead of US Jobs Report as ETF Flows Turn Positive

  • —Bitcoin gained about 2.7% over 24 hours, trading between $83,200 and $86,900
  • —US bitcoin ETFs drew $102.7 million on Oct. 1, with BlackRock's IBIT adding $195.6 million
  • —Sept. 30 saw $148.7 million in outflows, ending nine straight days of inflows totaling $3.1 billion
  • —Calls accounted for 83% of options traded, while open interest slipped to $20.9 billion
Why it matters: The jobs report will shape Fed rate expectations and bitcoin's next move, with strong data likely to pressure risk assets.
Source: Journal du Coin