Monday, Sept 28: Recovery starts for Bitget hack
Tuesday, Sept 29: Ethereum Withdrawals Resume, ETF Streak Continues
Wednesday, Sept 30: The Streak Breaks, USDT Withdrawals Resume
Thursday, 1 October: Q4 opens with a rebound
Friday, 2 October: whipsaw price action from the jobs report
Recovery began for Bitget this week after its $387.5M hack. Staged withdrawals started with Bitcoin on Monday, followed by Ethereum on Tuesday and USDT on Wednesday, with the company's Protection Fund back above $300M.
$87,000 resistance held twice for Bitcoin this week, first breaking down on Friday after a weaker-than-expected jobs report, then testing it again near $86,771 on Sunday.
September still ended with $2.65B in ETF inflows for the month overall, even after a nine-day, $3.08B inflow streak broke on Wednesday with a $148.7 million outflow.
Part of a seriesBitcoin closed last Sunday at $84,804 and spent this week consolidating in the low to mid $83,000s, before briefly touching $87,000 intraday on Friday. Major stories this week had little to no direct impact on Bitcoin's price action, though the record ETF streak finally came to an end and a major exchange hack reached its final stages of resolution. Here's what you need to know.
Bitcoin lost 1.53% on Monday to close at $83,507, while Bitget began recovery of Bitcoin withdrawals at 8 am UTC. The first of several scheduled recovery phases, Bitget restored Ethereum withdrawals the very next day and USDT withdrawals the day after that. ETFs opened Monday with $31.07 million.
Bitcoin gained 0.18% on Tuesday to close at $83,656. Bitget resumed Ethereum withdrawals, completing the second phase of their recovery plan. ETFs extended their positive streak for the ninth day in a row, though the daily inflows of $66.19 million were less than a tenth of the all-time high set on September 21st.
Bitcoin fell 0.05% on Wednesday to close at $83,612. Bitget resumed USDT withdrawals, the third of its recovery phases, with the remaining tokens, fiat and P2P services still scheduled to follow by October 2. Bitget also reported its Protection Fund had risen to over $300 million, with a 131% reserve ratio. The bigger story was with the ETF data. Spot Bitcoin funds suffered a $148.7 million outflow to end an inflow streak that began on September 17 and pulled in roughly $3.08 billion, led by Fidelity's FBTC.
Bitcoin rose 1.52% to $84,880, and ETFs rose as well, with $102.67 million in flows. The prior day's outflow was likely a pause in the broader flow pattern rather than a reversal.
Bitcoin touched $87,129, approaching the $87,397 level reached during last week's rally, before the weaker-than-expected jobs report for the month slowed the rally and caused it to close the day at $84,515, a 0.43% loss. ETFs finished the week positive with $31.7 million in flows. The overall flows for the week came to roughly $83 million in, compared with the prior week's $2.4 billion.
BTC/USD daily closes, 28 September to 4 October 2026
US Spot Bitcoin ETF Net Daily Flows, 28 September to 2 October 2026
Saturday, 3 October: calm after the storm
Bitcoin rose 0.28% to $84,752, calm compared to Friday's price action.
Bitcoin has been in an uptrend recently and hit an intraday high of $86,771 today. It's currently above the important level of $85,552. The high of $87,000 is now in sight. Traders refer to October as “Uptober” because historically October has been a month of gains for Bitcoin. The market estimate for a rate hike at the October meeting fell from 66% on September 28th, to just 22% by early October, according to Glassnode; a falling hike probability that's generally read as a supportive backdrop for risk assets like Bitcoin.
What it means
$82,600 is the floor for the week and was the low of the day on Monday. The high for the week was set on Friday at $87,129, and today, Bitcoin came very close to hitting that high. Bitcoin ETFs had $2.65 billion in net inflows in September, which was positive for the month, even after the $148.7 million outflow on Wednesday. The inflows brought the 2026 total to a positive $ 930 million.
Bitget's withdrawals are now largely restored, though stolen funds from the hack continue moving through THORChain and other cross-chain routes, so the situation isn't fully closed out. With Bitcoin testing key resistance above $87k twice this week without a clean break, the $87,000 level remains the line separating a genuine breakout from another rejection.
As of 4 October 2026 (Sunday data reflects trading as of writing). Prices and figures from Investing.com, CoinGecko, Cointelegraph, DEV.to community analysis, Chainalysis via Cryptoticker, crypto.news, Airdrop Alert, Use The Bitcoin, KuCoin, DailyForex, CryptoPotato, CryptoSlate, Blockchain.News, Cointribune, SimpleMining.io and Bitcoin.com News.
India Crypto Research operates independently. The information presented herein is intended solely for educational and informational purposes and should not be construed as financial advice. Before making any financial decisions, it's essential to undertake your own thorough research and analysis. If you're uncertain about any financial matters, we strongly recommend seeking guidance from an impartial financial advisor.
