Bitcoin Price One Year After Its $126,080 Record: Bull…
By Tobi Opeyemi Amure
AI summary of the source article
Bitcoin traded around $85,300 on 6 October 2026, marking the one-year anniversary of its $126,080 all-time high. After dropping 53.5 percent to a cycle low of $58,566 in July 2026, the cryptocurrency experienced its strongest third quarter since 2017. Analysts at QCP Capital noted that the current rebound has been driven by cash rather than leverage, supported by roughly $6.1 billion in net spot ETF inflows across August and September alongside corporate buying from firms like Strategy and Strive. Market desks are now closely watching $87,400 resistance and $82,500 support amid macroeconomic catalysts, including Federal Reserve meeting minutes.
Why it matters
The shift from leveraged speculation to cash-funded spot ETF and corporate accumulation provides structural support, but near-term price direction remains heavily tethered to Federal Reserve policy and macroeconomic yields.
Key facts
- Bitcoin set an all-time record of $126,080 on 6 October 2025 before falling to a cycle low of $58,566 on 1 July 2026.
- US spot Bitcoin ETFs recorded approximately $3.5 billion in net inflows in August and $2.6 billion in September.
- Key technical levels monitored by trading desks include resistance at $87,400 and support at $82,500.