Bitcoin hovered around $83,000 while U.S. spot Bitcoin exchange-traded funds extended their consecutive inflow streak to nine trading sessions. During this nine-day period, the funds drew approximately $3 billion, with SoSoValue recording $66.19 million in net inflows on September 29, led by BlackRock's IBIT fund with $51.09 million.
Overall, the broader cryptocurrency market experienced a 0.98% decline over a 24-hour period, bringing total market capitalization down to $2.85 trillion. Ethereum traded near $2,600, and XRP remained below $1.50 during the latest digital asset pullback. Spot Ether ETFs recorded $2.81 million in net outflows on September 29, although Grayscale's Ethereum Mini Trust attracted $12.83 million in net inflows.
Bitcoin has risen 43.1% in the third quarter of 2026, putting it on track for its highest quarterly performance since the fourth quarter of 2024. The cryptocurrency has also climbed 29.8% since August 19, following the U.S. Treasury's announcement of expanded buybacks for longer-dated Treasury securities. U.S. spot Bitcoin funds brought in $2.4 billion during the week ending September 25, marking their largest weekly intake since October 2025. Annual net inflows have recovered to approximately $1 billion, erasing the $5 billion deficit recorded at the end of July.
Technical Outlook and Price Levels
On September 30, the Bitcoin price stood at $83,259.79, holding above the $82,000 support level on the four-hour chart. Prices remained below the $86,000 resistance level following a retreat from September's peak. Technical indicators showed a four-hour Relative Strength Index at 43, pointing to a lack of near-term upward momentum without entering oversold territory. The MACD line sat at -186.92, below the signal line at -151.29, reflecting continued bearish momentum within a narrow trading range.
Analysts noted that breaking and sustaining a trend above $86,000 could encourage a test of the $92,000 barrier, which might open a path toward $100,000. Conversely, a drop below the $82,000 support level could expose the $80,000 psychological level and potentially direct focus back toward the September trading range near $76,000.
Record Demand From Accumulator Addresses
Data from CryptoQuant revealed that demand for Bitcoin from accumulator addresses reached a record high, tracking changes in holdings over a 30-day period. Market analysts attributed the increase to strong buying activity from investors often categorized as smart money, following several smaller accumulation spikes throughout 2026.
