Jack Yi: Pullbacks Do Not Affect Bull Market Trend, Quality Assets Will Rise in Turn

No sale has been confirmed. On October 8, 2026, US government-linked wallets moved 12,267 BTC, worth about $1.01 billion, out of a wallet holding funds seized in the 2016 Bitfinex hack, to new unlabeled addresses with no exchange deposit recorded. On-chain data shows movement, not intent, and no US agency has explained the transfers.

The Bitcoin price briefly fell below $81,000 on October 9, 2026, its lowest level in nearly three weeks, after repeated failures near $87,000. A bond selloff, weaker tech stocks, spot ETF outflows and a long liquidation wave all added pressure. The $80,000 area is now the key support, while $83,000 is the first level bulls need to reclaim.

Indexes were mixed on October 8 ET. The long-bond yield touched about 5.35% intraday, near levels last seen in 2002. OpenAI’s annualized revenue of about $50 billion came in below higher figures that had circulated, pressuring tech and chip names. Nasdaq fell clearly, while Dow edged higher. Energy led, with WTI up about 3.2% to about $91. Bitcoin pulled back from about $86,000 and traded near $81,000, down about 5%. September PPI is the focus on October 9.

Indexes were mixed on October 8 ET. The long-bond yield touched about 5.35% intraday, near levels last seen in 2002. OpenAI’s annualized revenue of about $50 billion came in below higher figures that had circulated, pressuring tech and chip names. Nasdaq fell clearly, while Dow edged higher. Energy led, with WTI up about 3.2% to about $91. Bitcoin pulled back from about $86,000 and traded near $81,000, down about 5%. September PPI is the focus on October 9.