Job market surprises + ETF inflows return + bets on more rate hikes collapse. Good news is piled up—so why is Bitcoin still stuck around 85,000?
Let’s put the facts first:
1. On October 2, U.S. September nonfarm payrolls added only 29,000 jobs, far below the expected 90,000, while the unemployment rate held at 4.2%. The market’s odds of the Fed delivering another rate hike on October 28 dropped from 66% straight to 22%.
2. Money is in motion: On October 1, U.S. spot Bitcoin ETFs saw a single-day net inflow of about $103 million. BTC briefly tagged a high of 87,100, but it couldn’t hold—then slid back to around 85,000. Over the weekend, it continued to trade sideways between 83,000 and 87,000.
3. On the other side, Ethereum ETFs have had net outflows for 3 straight days. The maximum outflow in a single day was as much as $55.4 million, and over three days the total was roughly $118 million. Funds have already chosen sides between BTC and ETH.
My take: textbook logic says “hawkish data turns dovish = risk assets rise,” but the market is giving us a counterexample. The rate-hike bets really did fall apart. Yet with ETF money coming in, nobody dares to chase higher; it only buys on dips—touch 87,000 and give it back. That signals the sell pressure above is truly heavy. The hardest situation in this kind of market is for two types of people: those who see good news and rush in to chase, and those who believe “if it goes sideways long enough, it must fall” and exit early. For the short term, just watch 83,000 support and 87,000 resistance—once it breaks either level, follow it. Don’t make premature assumptions.
Data as of: 2026-10-05 02:30 UTC
Source: Cointelegraph (via SoSoValue); mytoken
For information sharing only and does not constitute investment advice.
$BTC $ETH
I’ll keep tracking this kind of data. Do you think this week it can get past the 87,000 level?
Let’s put the facts first:
1. On October 2, U.S. September nonfarm payrolls added only 29,000 jobs, far below the expected 90,000, while the unemployment rate held at 4.2%. The market’s odds of the Fed delivering another rate hike on October 28 dropped from 66% straight to 22%.
2. Money is in motion: On October 1, U.S. spot Bitcoin ETFs saw a single-day net inflow of about $103 million. BTC briefly tagged a high of 87,100, but it couldn’t hold—then slid back to around 85,000. Over the weekend, it continued to trade sideways between 83,000 and 87,000.
3. On the other side, Ethereum ETFs have had net outflows for 3 straight days. The maximum outflow in a single day was as much as $55.4 million, and over three days the total was roughly $118 million. Funds have already chosen sides between BTC and ETH.
My take: textbook logic says “hawkish data turns dovish = risk assets rise,” but the market is giving us a counterexample. The rate-hike bets really did fall apart. Yet with ETF money coming in, nobody dares to chase higher; it only buys on dips—touch 87,000 and give it back. That signals the sell pressure above is truly heavy. The hardest situation in this kind of market is for two types of people: those who see good news and rush in to chase, and those who believe “if it goes sideways long enough, it must fall” and exit early. For the short term, just watch 83,000 support and 87,000 resistance—once it breaks either level, follow it. Don’t make premature assumptions.
Data as of: 2026-10-05 02:30 UTC
Source: Cointelegraph (via SoSoValue); mytoken
For information sharing only and does not constitute investment advice.
$BTC $ETH
I’ll keep tracking this kind of data. Do you think this week it can get past the 87,000 level?
