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.
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

Key Signal
$134.5M Spot Bitcoin ETF inflows
Entities
bitcoin, xrp, dogecoin
Market Impact
BTC+0.20%$83,511
Last Updated
2일 전
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:
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 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
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
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Follow the Story
- Sep 28Bitcoin Holds $83,000 but ETH, XRP, Dogecoin Wobble Despite ETF Demand
- Oct 1Morgan Stanley's Bitcoin holdings exceed 10,000 BTC, valued at $875M via its MSBT spot ETF.
- Oct 1Bitcoin’s Reversal Momentum Is Becoming Evident, and It May Return to $100,000 by Year-End
- Oct 1Euro-Hedged Bitcoin ETC Debuts as Apeing’s Meme Coin Presale Hits Stage 6 at $0.0006 After 481M+ Tokens Sold
- Sep 28Bitcoin Holds $83,000 but ETH, XRP, Dogecoin Wobble Despite ETF Demand
- Oct 1Morgan Stanley's Bitcoin holdings exceed 10,000 BTC, valued at $875M via its MSBT spot ETF.
- Oct 1Bitcoin’s Reversal Momentum Is Becoming Evident, and It May Return to $100,000 by Year-End
- Oct 1Euro-Hedged Bitcoin ETC Debuts as Apeing’s Meme Coin Presale Hits Stage 6 at $0.0006 After 481M+ Tokens Sold
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Originally reported by Benzinga
NewsLayer coverage based on externally reported material.
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Market Context
Bitcoin
BTC
$83,533
+0.22% (24H)
Market Cap
$1.68T
Circulating Supply
20.1M BTC
24H Volume
$35.1B
24H High
$85,604
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