Last week crypto recap - Oct 4-11, 2026 was rough:
*Big picture:*
- Started strong: Bitcoin at *$86,636 Monday*, hit near *$87K* then slid to *$80,652 Thursday* before recovering to ~*$82,768 - $83,004* now. Down *-2.1% to -2.66%* on week
- Total mcap holding ∼$2.8-2.93T but *BTC dominance up to 59.6%* - money fled alts to BTC
*Altcoins took more pain:*
- ETH: $2,687 -> $2,504 *-6.8% to -7.33%*
- SOL: $119.60 -> $109.91 *-8.1% to -10.14%*, weakest large cap
- XRP: $1.49 -> $1.40 *-5.8%*, BNB: *-5.27%*
- A 4-coin basket (BTC/ETH/XRP/SOL) lost 5.7%, BTC-heavy basket only -4.0% 1350
*Why it dropped:*
- *ETF outflows*: BTC spot ETFs *-$701.3M this week*, biggest since June. Biggest day Wed Oct 7 -$487M. ETH ETFs *-$486.1M*, worst week since Jan
- *Liquidation*: $1.19B liquidated in 24h on Thursday - ETH hit 6x harder than BTC relative to size ($356M ETH vs $298M BTC)
- *Macro & FUD*: Fed minutes hinting another hike, oil up, AI quantum FUD from Ethereum researcher about wallets, Ledger exploit reports
- Fear & Greed still at *30 - Fear* zone
*Winners in red week:*
- *NEAR*: +11.63% weekly to $5.22, *Cardano (ADA)*: +5.21%, *ZEC* still +133% YTD despite -6.86% week. Starknet STRK +33% on L1 plans, tokenized gold PAXG/XAUT up ∼1%
*Next*: CPI Tuesday Oct 14, PPI Thursday, token unlocks (Aptos, Arbitrum), $1.25B options expiry Friday.
Here's your new art for the week:
*Big picture:*
- Started strong: Bitcoin at *$86,636 Monday*, hit near *$87K* then slid to *$80,652 Thursday* before recovering to ~*$82,768 - $83,004* now. Down *-2.1% to -2.66%* on week
- Total mcap holding ∼$2.8-2.93T but *BTC dominance up to 59.6%* - money fled alts to BTC
*Altcoins took more pain:*
- ETH: $2,687 -> $2,504 *-6.8% to -7.33%*
- SOL: $119.60 -> $109.91 *-8.1% to -10.14%*, weakest large cap
- XRP: $1.49 -> $1.40 *-5.8%*, BNB: *-5.27%*
- A 4-coin basket (BTC/ETH/XRP/SOL) lost 5.7%, BTC-heavy basket only -4.0% 1350
*Why it dropped:*
- *ETF outflows*: BTC spot ETFs *-$701.3M this week*, biggest since June. Biggest day Wed Oct 7 -$487M. ETH ETFs *-$486.1M*, worst week since Jan
- *Liquidation*: $1.19B liquidated in 24h on Thursday - ETH hit 6x harder than BTC relative to size ($356M ETH vs $298M BTC)
- *Macro & FUD*: Fed minutes hinting another hike, oil up, AI quantum FUD from Ethereum researcher about wallets, Ledger exploit reports
- Fear & Greed still at *30 - Fear* zone
*Winners in red week:*
- *NEAR*: +11.63% weekly to $5.22, *Cardano (ADA)*: +5.21%, *ZEC* still +133% YTD despite -6.86% week. Starknet STRK +33% on L1 plans, tokenized gold PAXG/XAUT up ∼1%
*Next*: CPI Tuesday Oct 14, PPI Thursday, token unlocks (Aptos, Arbitrum), $1.25B options expiry Friday.
Here's your new art for the week: