Bitcoin slips under $86K as BCH jumps 28% on CME futures listing

US government moved $100M+ in seized crypto (BTC, BNB, WBTC, USDT) to Coinbase Prime, including funds from HashFlare, Bitfinex, and Alameda cases. No sale confirmed; transfers may be for storage. Bitcoin price dropped 6.9% during the period, but macro factors also influenced the market. The US government holds an estimated 306,795-325,000 BTC.

Bitcoin faced pressure from rising Treasury yields, with $679M in BTC ETF outflows. Wintermute warned of further downside if the 30-year yield exceeds 5.64%. Equities remained resilient due to strong Q3 earnings expectations. Bitcoin fell 3.2% last week, while Ethereum and altcoins also declined. Wintermute noted the Fed's hawkish stance as a key factor in the crypto-equity divergence.

Strive purchased 3,311 Bitcoin for $280 million, increasing its holdings to 32,773 BTC. The acquisition is its largest since January. The ASIC proposed extending its CFD product intervention order to 2037, expanding it to include digital asset-settled contracts.

Strive (ASST) acquired 3,311 BTC at an average price of $84,500 between Oct. 5-9, increasing its holdings to 32,773 BTC. The company's cash reserves rose to $310.3M, while shares underlying traditional warrants dropped by nearly 8M, according to an SEC filing.

CryptoQuant reports Bitcoin whales have resumed accumulation after over a year of selling, with holdings reaching 3.03 million BTC. The firm attributes this shift to the early stage of a bull market and improving investor sentiment. Bitcoin traded at approximately $83,045.

Strive (ASST) bought 3,311 Bitcoin for $280M, increasing its holdings to 32,773 BTC. The purchase was its largest since January. ASST aims to be the second-largest public Bitcoin holder by 2026. ASST shares trade at $28.17.