BTC below $87,000 resistance on October 6, 2026

1. BTC HOVERS BELOW $87,000: BTC traded around $85,900–$86,000, down about 0.5–0.6% over 24 hours. CoinMarketCap at 08:20 KST showed BTC at $85,986 (-0.62%), while Edaily reported $85,916 (-0.54%). Gate.io briefly recorded BTC at $86,002.4 (+0.12%). The market is consolidating below the $87,000 resistance, showing buying pressure is not yet strong enough to push through.
2. WEAK US JOBS REPORT LOWERS OCTOBER HIKE ODDS: The US economy added only 29,000 jobs in September, well below expectations, reducing the probability of a Fed rate hike in October. The US 10-year Treasury yield near 5.35% is creating profit-taking pressure on risk assets. This explains why weak jobs data did not spark a crypto rally: high yields still attract safe-haven capital.
3. ETH AND SOL SLIGHTLY LOWER: ETH traded around $2,717 (-0.50% 24h) and SOL around $120.97 (-0.67%) according to CoinMarketCap. Edaily reported ETH at -0.48% and SOL at -0.52%. The declines mirror BTC and reflect cautious sentiment rather than a specific altcoin sell-off.
4. HYPE BUCKS THE TREND: HYPE rose 4.45% according to Edaily, while most large assets declined. TokenPost recorded HYPE up 4.29% at 04:58 KST. This is a rare bright spot indicating some money is still seeking individual altcoin opportunities, even as the broader market consolidates.
5. LIQUIDATIONS LEAN TOWARD SHORTS: Total 24-hour liquidations for the top 20 assets reached $191.38 million, with shorts accounting for $103.65 million (54.16%). BTC liquidations totaled $110.62 million, 57% from shorts. Higher short liquidations suggest brief rebounds triggered stop-losses, but profit-taking still dominates price action.
6. GREED AND KOREAN VOLUME REMAIN: The Fear & Greed Index stood at 68 (Greed); Upbit composite index was 11,811.56 (-0.44%) with 24-hour volume of KRW 1.38 trillion (+16.42%). Kimchi premium was 0.68%. Elevated greed and rising Upbit volume show retail interest remains, despite mild price declines.
What to watch today: BTC's $87,000 resistance and reaction to the US 10-year Treasury yield near 5.35%.
*Information is for reference only, not investment advice.*