Bitcoin edges higher ahead of U.S. jobs report as global bond yields surge
Traders added bullish derivatives bets as short liquidations topped $120 million and ETF inflows slowed from a September peak, analysts said.
- On Friday, October 2, 2026, Bitcoin buyers broke through a concentrated sell wall near $85,000, reaching $86,857—its highest price since September 23—before pulling back below $86,000.
- Driving the breakout, short liquidations totaled $122 million over 24 hours as open interest climbed to 653,000 BTC , signaling traders aggressively added leverage ahead of the jobs report.
- US spot Bitcoin ETFs recorded net inflows of $102.7 million on October 1, according to Farside Investors, though analysts noted institutional demand remains the critical metric for confirming durable support.
- Technical resistance sits near $87,000, while recent price action established a support zone between $82,000 and $83,000, leaving Bitcoin rangebound after the failed breakout attempt.
- Heightened government bond yields continue to influence crypto markets, with the U.S. 10-year Treasury yield reaching 5.34%—multi-decade highs—as traders monitor macroeconomic conditions for direction.
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The price of Bitcoin reached a week high on Friday. Shortly before the weekend, the cryptocurrency on the Bitstamp trading platform temporarily rose to 87,219 US dollars (77,199 euros). However, the price fell quickly again: On Saturday the Bitcoin was traded at 84,590 dollars.
Bitcoin price faces $86,500 hurdle as ETF buying returns
Bitcoin price has retreated toward $84,000 after reaching $87,220, while Bitfinex analysts have identified sustained buying above $86,500 as a condition for further gains. Bitfinex’s Analyst Team, in comments provided directly to crypto.news, said renewed U.S. spot Bitcoin ETF inflows…
Bitcoin accelerates on Friday (2) and renegotiates above $86,000, supported by a weaker payroll than expected in the United States and the resumption of ETF entries in view of cryptocurrencies. At around 11:30 a.m., bitcoin rose 3.4% in 24 hours, to $86,124.20, according to CoinGecko. In Brazil, it was traded at R$450.111.24, at 2.88%, according to the CoinTrader Monitor. The American economy created 29 thousand vacancies in September, below 84 …
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