SteelWater daily crypto read · 7 Oct 2026
Bitcoin holds near $85,500 and the majors consolidate just off this week's multi-month highs as Monday's modest Bitcoin and Ethereum ETF outflows snap a recent inflow streak ahead of Wednesday's FOMC minutes.
Sentiment 56/100 (Cautiously Optimistic)
Bitcoin is trading just above $85,500 after touching a fresh multi-month high near $86,700 earlier in the week, essentially flat to slightly lower over the past 24 hours as the market takes a breather rather than reversing. 50 - all four majors are consolidating in a tight range rather than making a decisive move in either direction.