Bitcoin Holds Near September Highs as Crypto Proxy Stocks Slide
- —Bitcoin gained 6–7% in September, closing near $83,500–84,000 with an intraday peak of about $87,350
- —Strategy holds roughly 847,000–848,000 BTC at an average cost of about $75,400
- —Spot Bitcoin ETFs drew about $2.9 billion in September inflows before flows reversed to outflows
- —Bitcoin slipped below $83,000 on October 7, with liquidations totaling $500–700 million
Why it matters: Crypto proxy stocks with 1.5x–3x beta to Bitcoin amplify moves in yields and oil more than the coin itself.
Source: Crypto Briefing