- Bitcoin fell below $84,000 despite spot ETF inflows as profit-taking selling emerged.
- Glassnode said spot ETF inflows drove the rally, but selling by perpetual futures traders and existing holders partly offset the gains.
- Major altcoins including Ethereum, XRP and Solana were also trading lower.
Bitcoin Falls Below $84,000 Despite Spot ETF Inflows as Profit-Taking Weighs
Bitcoin fell below $84,000 even as spot Bitcoin ETFs recorded inflows, indicating that buying demand did not prevent the decline. The move was attributed to profit-taking pressure in the market.
bloomingbit
Publisher
Sep 29, 2026 at 12:52 AM UTC · 1 phút đọc
Key Signal
$83,472 Bitcoin Binance price
Entities
bitcoin
Market Impact
BTC+0.46%$83,319
Last Updated
một ngày trước
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Forecast Trend Report by Period
Bitcoin rose about 4% last week on inflows into spot exchange-traded funds, but slipped below $84,000 as profit-taking selling emerged.
As of 9:45 a.m. on September 29 in Korea, Bitcoin was trading at $83,472 on Binance's USDT market, down 1.66% from a day earlier. On Upbit's won market, it was trading at 113.357 million won, down 0.17% from the previous day.
On-chain analytics firm Glassnode said last week's rise in Bitcoin was driven by inflows into spot ETFs. While buying demand through ETFs pushed prices higher, perpetual futures traders and existing holders sold into the rally. Profit-taking also emerged as prices climbed, partly offsetting the gains from ETF inflows.
Major altcoins were also trading lower. Ethereum was down 0.1% at $2,684.48 on Binance's USDT market, while XRP fell 2.1% to $1.4939. Solana dropped 3.58% to $118.36.
Follow the Story
- Sep 29Bitcoin Falls Below $84,000 Despite Spot ETF Inflows as Profit-Taking Weighs
- Sep 30Bitcoin Dips, While Ethereum, XRP, Dogecoin Gain: Bull Market 'Intact,' but Rally 'Showing Cracks,' Says Analyst
- Sep 30Ethereum outperforms Bitcoin in Q3 with 70% ROI; Q4 could see ETH rally if momentum continues.
- Sep 30Bitcoin Japan buys nearly 12 BTC worth $1M, mar...
- Sep 29Bitcoin Falls Below $84,000 Despite Spot ETF Inflows as Profit-Taking Weighs
- Sep 30Bitcoin Dips, While Ethereum, XRP, Dogecoin Gain: Bull Market 'Intact,' but Rally 'Showing Cracks,' Says Analyst
- Sep 30Ethereum outperforms Bitcoin in Q3 with 70% ROI; Q4 could see ETH rally if momentum continues.
- Sep 30Bitcoin Japan buys nearly 12 BTC worth $1M, mar...
Giải Đáp Nhanh
Why did Bitcoin fall below $84,000?
The decline was attributed to profit-taking pressure, according to the article excerpt.
Did spot Bitcoin ETFs have inflows during the price decline?
Yes. Spot Bitcoin ETFs recorded inflows even as Bitcoin fell below $84,000.
Did ETF inflows stop Bitcoin's decline?
No. Despite spot ETF inflows, Bitcoin still moved below $84,000 as profit-taking weighed on the market.
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Originally reported by bloomingbit
NewsLayer coverage based on externally reported material.
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Market Context
Bitcoin
BTC
$83,329
+0.47% (24H)
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$1.68T
24H Volume
$21.2B
24H High
$84,527
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