Bitcoin traded back above $84,000 on Monday, holding its weekend gains as oil prices fell and a wave of bearish bets unwound. CoinDesk put spot near $84,050 after an early dip to about $83,500, close to Sunday's high of $84,145, while The Crypto Times quoted $84,024 at 04:55 UTC, up 1.3% over 24 hours with a $1.69 trillion market value. Ether added about 2.5% to trade near $2,560. Roughly $46.68 million of bitcoin positions were liquidated over 24 hours, of which about $39.61 million were shorts against $7.06 million of longs, a sign the rebound was fuelled by bearish exits rather than fresh buying. Oil slipped after U.S. President Donald Trump announced an energy ceasefire between Russia and Ukraine that neither capital has confirmed, taking some immediate inflation pressure out of the market.
Support at $82,000, resistance at $84,650
The rebound follows the worst week for U.S. spot bitcoin ETFs since June. The funds lost $681 million in the five sessions to 9 October, with $487.1 million leaving on 7 October and $244.1 million on 8 October, before a $21.1 million Friday inflow steadied the tape. Analysts quoted by Investing.com and CNBC TV18 marked $82,000 as the support bulls must defend and $84,650 to $85,000 as the resistance zone that decides the next swing, with $86,500 to $87,000 in view on a confirmed break and $80,000 exposed below $82,500. The week's scheduled test is U.S. September CPI on Wednesday 14 October at 8:30 a.m. ET, the same morning BlackRock reports, as set out in our CPI week preview. See also gold's ten-day high as oil slipped on the truce claim.