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Crypto 11.10.2026: BTC ~82,900 USD, NEAR +7.7%

Daily overview of the global crypto market on Sunday, 11th October: Bitcoin, Ethereum, and altcoin movements, macro background, ETF flows and liquidity factors, exchange and industry events, and security incidents. Bitcoin traded around $82,900 at the end of a downward week, Ethereum around $2,505, while the most significant daily gainer among major assets was NEAR, up approximately +7.70%.

Toms Ābeltiņš

12 October 20267 min read

On Sunday, 11th October, the crypto market concluded a downward week with a quiet day of consolidation. According to DailyForex, Bitcoin traded around $82,947 (down approximately -2.16% for the week), with a total market capitalisation of approximately $2.804 trillion. Ethereum was around $2,505 (down approximately -6.78% for the week), XRP around $1.39, and Solana around $109, while NEAR stood out with approximately +7.70%. Downward pressure was maintained by ETF outflows (US Bitcoin ETFs down approximately -$678.9 million for the week, Ethereum ETFs down approximately -$542.2 million), rising oil prices and bond yields, and expectations of a December rate hike. The day coincided with the anniversary weekend of last year's record-breaking liquidation crash on 10th October.

Global Crypto Market on 11th October: A Quiet Sunday at the End of a Downward Week

On Sunday, 11th October, the global cryptocurrency market concluded a downward week with a quiet, slightly upward day of consolidation. According to DailyForex's summary for 11th October, Bitcoin traded around $82,947, with a total market capitalisation of approximately $2.804 trillion, representing a weekly decrease of around 3%. According to cryptonews data for 11th October, BTC rose by approximately 0.4% during the day from a low of around $82,530. The downward weekly trend was primarily sustained by persistent exchange-traded fund (ETF) outflows, which exceeded $1 billion in October, as well as rising oil prices and US Treasury bond yields. The day coincided with the anniversary weekend of last year's record-breaking liquidation crash on 10th October. This article is a compilation of facts and an analysis of causes, not investment advice.

Market Overview

Bitcoin maintained a stable but weak direction on Sunday, 11th October. According to DailyForex, BTC traded around $82,947, complemented by cryptonews' 11th October estimate of a price around $82,900 (approximately +0.4% for the day) after a low of around $82,530; 24/7 Wall St recorded a level around $82,965 on the same day. In the weekly context, the movement was downwards: according to TradingView data compiled by DailyForex, BTC lost approximately 2.16% over the week, and approximately 2.19% according to CoinMarketCap's rolling seven-day indicator. According to cryptonews, Bitcoin's market capitalisation on 11th October was approximately $1.67 trillion.

Ethereum lagged behind the leading asset. According to DailyForex data for 11th October, ETH traded around $2,505, while 24/7 Wall St mentioned around $2,501; the weekly decline was more pronounced than Bitcoin's – approximately 6.78% according to TradingView and 6.74% according to CoinMarketCap. In major altcoins, the movement was largely one-sided: according to 24/7 Wall St data for 11th October, XRP traded around $1.39, and Solana (SOL) around $109. An exception was NEAR, which, according to DailyForex, was the most significant daily gainer among major assets – approximately +7.70% in 24 hours to $5.2879 (approximately +9.29% for the week). At the opposite end, Uniswap (UNI) showed the deepest weekly decline among the surveyed assets – approximately -16.08% to $7.5871.

Structural market indicators confirmed a cautious sentiment. According to DailyForex data for 11th October, Bitcoin dominance was 59.45%, Ethereum dominance approximately 10.92%, and 24-hour trading volume approximately $43.05 billion – about 38.76% lower than the previous session, characteristic of low weekend activity. Market breadth had weakened: out of the top 100 assets, 71 were in losses on a weekly basis. Additional context is provided by annual performance: according to 24/7 Wall St's summary for 11th October, Bitcoin had lost approximately 5.3% since the end of 2025 (closing price $87,498) and was approximately 34.2% below its all-time high ($126,080), Ethereum approximately 49.5% below its high, XRP approximately 61.8% below its high ($3.65), and Solana approximately 62.7% below its high. It should be noted that the mentioned source contains an internal contradiction between the 2025 closing price stated in the text and in the table, so the annual figures should be taken as approximate.

What Influenced the Market

The weekly downward pressure was primarily driven by a slowdown in institutional flows. According to CryptoTicker's 10th October summary (referencing Farside Investors and CoinGlass), US spot Bitcoin ETFs experienced net outflows of approximately $678.9 million in the week from 5th to 9th October, while cryptonews, referencing CoinGlass, mentioned a similar figure – approximately $681.11 million. On a daily basis, the picture was volatile: according to cryptonews, there was an inflow of approximately +$118.86 million on 6th October, an outflow of approximately -$487.07 million on 7th October (according to CryptoTicker, the largest single-day outflow since 25th June, including BlackRock IBIT approximately -$207.7 million), approximately -$244.13 million on 8th October, and a small inflow of approximately +$21.13 million on 9th October. On the Ethereum ETF side, the pressure was even more persistent: according to CryptoTicker, weekly net outflows reached approximately $542.2 million, and the source indicated nine consecutive outflow sessions from 29th September with a total volume of approximately $700 million, of which BlackRock ETHA accounted for approximately $477.1 million (approximately 88% of the Ethereum total). CryptoTicker estimated that the total outflow from all crypto ETFs for the week was approximately $1.29 billion.

Macro background added to the caution. According to cryptonews' 11th October explanation, market sentiment was weighed down by rising oil prices and higher US Treasury bond yields; Bitcoin News Digest's 11th October summary mentioned that the 10-year bond yield closed at 5.231% on 8th October. Interest rate expectations were a significant factor: according to cryptonews, the market expects rates to be maintained at the Federal Reserve (Fed) meeting on 27th-28th October, while a 25 basis point hike is possible in December. Bitcoin News Digest described these expectations more sharply, stating that futures contracts priced in an approximately 85% probability of a December rate hike – an indicator that can be interpreted as a less favourable signal for risk assets. Attention in the coming days is focused on US inflation data: according to cryptonews' summary, consumer price (CPI) and producer price (PPI) figures are expected in the week of 12th October.

Additional structural context was provided by liquidation data at the beginning of the week. According to Bitcoin News Digest, approximately $1.14 billion in leveraged positions were liquidated on Thursday, 8th October, of which approximately $1.05 billion came from long positions (bets on price increases) – indicating pressure against aggressive buyers. Several sources noted during the week that Bitcoin temporarily regained the $81,000 level after liquidations exceeded $1 billion, but public sources did not clearly specify the exact date for this event, so we mention it only as a general background signal for the week.

Exchange and Industry Events

On 11th October itself, public sources did not confirm any new large-scale exchange regulatory actions or listing changes that would be related to the day's price movement; Sunday's story was primarily macro and flow-driven. As dated, but not an event of the review day, the Bitget infrastructure incident remains. According to Bitcoin News Digest's summary, Bitget restored withdrawals and topped up its user protection fund to 3,705 BTC (approximately $316 million), which is less than the loss of approximately $387.5 million recorded on 25th September. We mention this incident as background, not fresh news for 11th October, as the event itself is dated to late September; its impact manifests as an ongoing trust issue for exchange infrastructure.

Security Incidents

On Sunday, 11th October, public sources did not confirm any new, clearly dated large-scale security incidents. As an ongoing structural context in the industry's security background, the Ledger-related case remains: according to Bitcoin News Digest's summary, Ledger estimated user losses of approximately $72-93 million related to devices from reseller CryptoBilis. The source did not provide an exact date for this estimate, so we mention it only as a background signal about supply chain and self-custody risk, not as an event of 11th October.

Context and Outlook

The review day should be viewed within a broader context. The weekend coincided with the anniversary of last year's 10th October liquidation crash – an event that, according to KuCoin and several sources, with over $19 billion, was the largest single-day liquidation in cryptocurrency history. According to CoinDesk's 10th October analysis, a year later, Bitcoin and Ethereum liquidity have recovered, but many smaller altcoins still face increased risk – which partly explains the one-sided movement against most altcoins on 11th October. Structural indicators suggested a cautious but not panicked sentiment: according to DeFiLlama data, compiled by DailyForex, stablecoin supply from 4th October (approximately $311.974 billion) to 10th October decreased by only approximately $995 million (0.32%), which does not indicate a massive withdrawal of capital from the system.

In the near term, the market direction is likely to be determined by several factors. Firstly, the upcoming US inflation (CPI and PPI) data in the week of 12th October, which will influence December rate expectations. Secondly, the dynamics of ETF flows – whether the small inflow on 9th October was a one-off event, or the beginning of a weakening trend in outflows. Thirdly, the movement of oil prices and bond yields, which acted as a headwind for risk assets last week. Early trading on Monday, 12th October, showed a slight recovery: according to FXStreet data for 12th October (03:11 GMT), Bitcoin regained the $83,500 level (around $83,688), Ethereum recaptured the 50-day exponential moving average around $2,505 (trading around $2,543), and CoinGabbar's 12th October (01:30 UTC) summary, referencing CoinGecko, mentioned BTC around $83,854 (+1.1% in 24 hours) and a Fear and Greed Index level of 69 ("greed") against 61 the previous day. This recovery, however, should be viewed cautiously, as it occurs before the release of inflation data. This article is an informative overview and should not be considered investment advice; always conduct your own research before making decisions.

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