Bitcoin trades near $85,000 as October begins with ETF inflows
Image: Bitcoin.com NewsBitcoin traded near $85,000 as October began. Citi revised its 12-month bitcoin forecast to $113,000 from $82,000, citing stronger crypto activity, supportive macro conditions and renewed ETF demand. US spot bitcoin ETFs recorded $102.7 million in net inflows on October 1, reversing the previous day's outflow. Bitcoin has closed higher in 10 of the past 13 Octobers. Bitcoin also trimmed its year-to-date losses to 3%.
Key points
- Citi raised its 12-month bitcoin forecast from $82,000 to $113,000, citing renewed ETF demand.
- Spot bitcoin ETF inflows turned positive again after a day of outflows.
- October seasonal strength, called Uptober, framed the start of the month for traders.
Why it matters
Bitcoin's move back above $85,000 and renewed ETF inflows shape how traders read October's seasonal strength. Citi's revised forecast and supportive macro conditions are cited as supporting factors.
What's unclear
Reported total crypto liquidations differ, at $193 million in one report and $324.68 million in the other.
The two reports give different figures for bitcoin's recent 24-hour price change, about 1% and about 2%.
Price context · BTC
At publication
$85,843.00
Now
$86,313.00
Change since
+0.55%
7 days · dashed line = publication
Sources · 2 publishers
Coinpedia
Tier 3
Bitcoin Price Today: BTC Reclaims $86K as “Uptober” Rally Begins
Coverage timeline
- First reported by Bitcoin.com News
- Confirmed by Coinpedia
- CryptoVideos brief published
How this brief was made. Our system found this event in 2 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
FORM
+3.7%
