Bitcoin fell $7,000 in 3 days – the data explains why.
On Monday Bitcoin challenged the $87,000 resistance, then slid to $80,400 by Thursday.
The U.S. government moved 17,733 BTC ($1.48 B) and 750 WBTC ($62 M) into Coinbase Prime over 72 hours, during which the price dropped 6.9%.
ETF funds posted net outflows of $487 M on Oct 7 and $244 M on Oct 8, while MARA Holdings sold 996 BTC (≈$81 M) on Oct 8, and Santiment recorded a realized profit day of over $1 B, the second‑highest in 2026.
Fed Governor Christopher Waller signaled possible further rate hikes, and President Trump’s comments on Iran added geopolitical tension.
CryptoQuant CEO Ki Young Ju noted that such moves can be a normal bull‑market correction, not a bear market shift.
Do you view this $7,000 pullback as a temporary correction or a signal of a larger trend?
#Bitcoin #Crypto #ETF #CoinbasePrime #MarketCorrection
On Monday Bitcoin challenged the $87,000 resistance, then slid to $80,400 by Thursday.
The U.S. government moved 17,733 BTC ($1.48 B) and 750 WBTC ($62 M) into Coinbase Prime over 72 hours, during which the price dropped 6.9%.
ETF funds posted net outflows of $487 M on Oct 7 and $244 M on Oct 8, while MARA Holdings sold 996 BTC (≈$81 M) on Oct 8, and Santiment recorded a realized profit day of over $1 B, the second‑highest in 2026.
Fed Governor Christopher Waller signaled possible further rate hikes, and President Trump’s comments on Iran added geopolitical tension.
CryptoQuant CEO Ki Young Ju noted that such moves can be a normal bull‑market correction, not a bear market shift.
Do you view this $7,000 pullback as a temporary correction or a signal of a larger trend?
#Bitcoin #Crypto #ETF #CoinbasePrime #MarketCorrection