- Bitcoin (BTC) fell about 8% as profit-taking selling, a stronger dollar, spot ETF outflows and leveraged liquidations weighed on the token.
- Rising U.S. Treasury yields have increased the investment appeal of Treasuries, prompting some investors to pull back from risk assets such as Bitcoin.
- Still, short-term volatility should be distinguished from the long-term case for holding Bitcoin, citing continued adoption amid an expanding money supply and rising government debt, as well as its limited supply.
Bitcoin Falls 8% in Two Days as Profit-Taking, Dollar Strength Weigh
Bitcoin fell to the $80,000 level as profit-taking and a stronger dollar weighed on the token. Outflows from spot exchange-traded funds and forced liquidations of leveraged positions also deepened the slide.
bloomingbit
Publisher
Oct 8, 2026 at 10:26 PM UTC · 2 min de leitura
Key Signal
8% Bitcoin price decline
Entities
bitcoin
Market Impact
BTC+2.21%$82,683
Last Updated
há 18 horas
Traduzindo…
Forecast Trend Report by Period
Bitcoin fell to the $80,000 level as profit-taking and a stronger dollar weighed on the token. Outflows from spot exchange-traded funds and forced liquidations of leveraged positions also deepened the slide.
On October 8, Bitcoin fell as low as $80,395 intraday on Binance's Tether market. That marked a drop of about 8% from roughly $86,698 on October 6. Bitcoin was recently trading around $81,700.
Selling by traders looking to lock in gains after the recent rally added pressure. Forbes cited CryptoQuant Head of Research Julio Moreno as saying traders' on-chain unrealized profit margin reached 33% last week, the highest since December 2024. Over the same period, Bitcoin holders realized gains worth 25,700 Bitcoin, the largest amount this year.
Market Context
Bitcoin
BTC
$82,692
+2.22% (24H)
Market Cap
$1.66T
24H Volume
$23.9B
24H High
$83,463
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Key Entities
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