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Bitcoin Holds $83,000 but ETH, XRP, Dogecoin Wobble Despite ETF Demand

Bitcoin slipped to $83,000 Monday, fueling debate over whether the pullback is a healthy retest of its recent breakout or mounting macro pressure catching up with crypto.

Benzinga

Publisher

Sep 28, 2026 at 6:09 PM UTC · 1 분 소요

Bitcoin Holds $83,000 but ETH, XRP, Dogecoin Wobble Despite ETF Demand
Image via Benzinga

Key Signal

$134.5M Spot Bitcoin ETF inflows

Entities

bitcoin, xrp, dogecoin

Market Impact

BTC+0.20%$83,511

Last Updated

2일 전

번역 중…

Bitcoin slipped to $83,000 Monday, fueling debate over whether the pullback is a healthy retest of its recent breakout or mounting macro pressure catching up with crypto.

Notable Statistics:

  • Coinglass data shows 143,870 traders were liquidated in the past 24 hours for $531.47 million.       
  • SoSoValue data shows net inflows of $134.5 million from spot Bitcoin ETFs on Friday. Spot Ethereum ETFs saw net inflows of $86.95 million.
  • In the past 24 hours, top gainers include Hedera, Quant and Algorand.

Notable Developments:

Trader Notes:

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Scott Melker’s podcast with Bloomberg strategist Mike McGlone, former CEO CoinRoutes Dave Weisberger and former Coinbase executive David Duong highlighted that Bitcoin is down despite spot BTC ETFs having their strongest week since October 2025.

Strong ETF buying has not translated immediately into higher prices because investors around breakeven may be taking profits.

Bitcoin reclaimed the roughly $81,000 to $82,000 average ETF investor cost basis which may become an eventual accumulation zone.

Holding the $82,800 breakout area as support would strengthen the case that the recent decline is a normal retracement.

Bitcoin · 30-day price▲ 8.1%
$86,594$81,089$75,585
Sep 2Sep 11Sep 21Oct 1

Bitcoin moved from $77,305.1 to $83,530 over the last 30-day period, a gain of 8.1 percent.

Source: Kraken · NewsLayer Markets · Updated 몇 초 전

Why this matters

Substantial spot Bitcoin and Ethereum ETF inflows signal continued institutional demand even as crypto prices weaken. The $531.47 million in liquidations highlights how leveraged positioning could amplify volatility if the pullback extends.

McGlone argued Bitcoin remains vulnerable, particularly if equities undergo a meaningful correction.

Treasury yields near multi-decade highs and continued Fed tightening are increasing the opportunity cost of holding non-yielding assets.

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Follow the Story

  1. Sep 28Bitcoin Holds $83,000 but ETH, XRP, Dogecoin Wobble Despite ETF Demand
  2. Oct 1Morgan Stanley's Bitcoin holdings exceed 10,000 BTC, valued at $875M via its MSBT spot ETF.
  3. Oct 1Bitcoin’s Reversal Momentum Is Becoming Evident, and It May Return to $100,000 by Year-End
  4. Oct 1Euro-Hedged Bitcoin ETC Debuts as Apeing’s Meme Coin Presale Hits Stage 6 at $0.0006 After 481M+ Tokens Sold
  1. Sep 28Bitcoin Holds $83,000 but ETH, XRP, Dogecoin Wobble Despite ETF Demand
  2. Oct 1Morgan Stanley's Bitcoin holdings exceed 10,000 BTC, valued at $875M via its MSBT spot ETF.
  3. Oct 1Bitcoin’s Reversal Momentum Is Becoming Evident, and It May Return to $100,000 by Year-End
  4. Oct 1Euro-Hedged Bitcoin ETC Debuts as Apeing’s Meme Coin Presale Hits Stage 6 at $0.0006 After 481M+ Tokens Sold
#bitcoin#xrp#dogecoin#crypto#markets

Sourced by

Originally reported by Benzinga

NewsLayer coverage based on externally reported material.

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Market Context

₿

Bitcoin

BTC

$83,533

+0.22% (24H)

$85,262$84,129$82,997
3 AM10 AM6 PM2 AM

Market Cap

$1.68T

Circulating Supply

20.1M BTC

24H Volume

$35.1B

24H High

$85,604

View Bitcoin Market Page

Article Intelligence

Key Entities

bitcoinxrpdogecoin

Topics

cryptomarkets

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