Bitcoin hits $87K as ETF holders eye Uptober recovery after 10/10 crash
- —Bitcoin reached $86,857, its highest since September 23, breaking through $85,000 sell orders
- —US spot Bitcoin ETFs drew $102.7 million in inflows on October 1
- —BTC short liquidations hit $122 million in 24 hours; $210 million across the market
- —The 10/10 crash wiped out roughly $19 billion and ended seven straight years of October gains
Why it matters: The $86,000 zone sits near the aggregate breakeven for ETF investors, while the Fed's October 27-28 meeting is the next major catalyst.
Source: Cryptopolitan