Bitcoin2026-10-03 10:47:21Glassnode Says Bitcoin Buyers at Higher Levels Are SellingGlassnode said investors who bought Bitcoin at higher price levels are now selling, pointing to distribution from cohorts that are currently sitting on unrealized losses. According to the on-chain analytics firm, two groups are underwater at present: holders who bought 1-2 years ago with a cost basis of about $97,000, and those who bought 6-12 months ago with a cost basis of about $89,000. Glassnode also said that investors who accumulated BTC during the 2025 rally have posted the highest average daily selling volume this year. By contrast, buyers who entered during market pullbacks have not shown similar selling behavior so far. The data highlights a split between investors who bought into strength and those who accumulated during corrections.70
Bitcoin2026-10-03 10:42:55Glassnode says Bitcoin buyers from higher price levels are now sellingGlassnode data shows selling pressure in the Bitcoin market is coming from investors who bought at higher price levels. Two holder groups are currently underwater, according to the data: investors who bought 1 to 2 years ago at $97,000, and those who bought 6 to 12 months ago at $89,000. The analysis also says investors who entered during the 2025 rally are now selling the largest amount of Bitcoin on a daily basis. By contrast, buyers who accumulated during market declines are still showing a stronger willingness to hold and have not been selling at scale. The figures point to a split in holder behavior, with recent high-price entrants taking losses while dip buyers remain comparatively steady.70
Bitcoin2026-10-03 08:41:48Ali says Bitcoin stalled at $87,000 as whales sold more than 30,000 BTCAnalyst Ali said on X that Bitcoin failed to break through $87,000 during a recent push higher, with whales taking profits and selling more than 30,000 BTC in the process. He added that the $87,000 level has also marked the upper boundary of a price channel that has capped BTC for more than two weeks. In the near term, Ali said traders should watch the lower end of that channel around $82,500. If Bitcoin falls back to that level and whales begin accumulating again, he said that would serve as his confirmation signal for buying the dip. Under that setup, Ali sees $87,000 as the target for the next rebound. The comments were cited by ChainCatcher in a brief market update focused on whale activity.40
VanEck2026-10-03 09:44:26VanEck says Bitcoin miners’ power contracts are gaining value as AI demand rises, while quantum computing is not yet a reason to sell BTCVanEck’s head of digital assets research, Matthew Sigel, said in an interview on Oct. 3 that the rapid buildout of the artificial intelligence industry is changing how the market values Bitcoin mining companies. In his view, miners are no longer judged only by hash rate and BTC production capacity. Their access to power, especially long-term contracted supply, is becoming more valuable as AI data centers compete for large amounts of stable electricity. Sigel said some miners have signed 10- to 20-year power lease agreements with investment-grade counterparties, and that these contracts give them an element of optionality beyond straightforward Bitcoin exposure. He added that electricity is becoming a scarcer resource as AI expands, which could open new business paths for miners with low-cost, long-duration power arrangements, including a shift toward AI infrastructure. On the market side, Sigel said Bitcoin is showing signs of seller fatigue and that investors should watch for opportunities after pullbacks. He also compared Bitcoin and gold in portfolio construction, arguing that Bitcoin could still gain a larger share over time. As for quantum computing, he described it as a long-term risk worth monitoring, but not one that currently justifies selling BTC. VanEck remains positive on long-term Bitcoin adoption and sees Bitcoin reaching a portion of gold’s market value as one possible valuation reference.40
Bitcoin2026-10-03 09:38:55VanEck’s Matthew Sigel Says Bitcoin Is in the Early Stage of a Bull MarketMatthew Sigel, head of digital assets research at investment management firm VanEck, said Bitcoin is already in the early phase of a bull market and continues to show strong performance. He said VanEck sees a medium-term target of about $500,000 for Bitcoin, based on a scenario in which Bitcoin’s market capitalization reaches half that of gold. Looking much further out, Sigel said Bitcoin could rise to $3 million by 2050 if it captures a meaningful role in global energy trade. He also pointed to a multi-year high in Bitcoin’s correlation with gold and said ongoing inflows from institutional investors through spot exchange-traded funds, or ETFs, have supported the market. On the mining side, Sigel said Bitcoin miners hold scarce power resources that have become more valuable in the AI economy, lifting the value of mining machines and energy contracts. Addressing concerns around quantum computing, he said the issue needs to be solved, but the community has already begun to take it seriously and work on responses, which in his view is not a reason to sell Bitcoin now.50
VanEck2026-10-03 09:39:23VanEck says Bitcoin is still in the early stage of a bull market, with gold parity as a long-term reference pointVanEck’s head of digital assets research, Matthew Sigel, said Bitcoin remains in the early stage of a bull market. He said the firm sees a market capitalization equal to half of gold’s value, or roughly $500,000 per BTC, as a medium-term target. Sigel also said Bitcoin could reach $3 million by 2050 if it captures a meaningful share of global energy trade. He pointed to Bitcoin’s correlation with gold climbing to a multi-year high and said continued inflows from institutional investors through spot ETFs and similar channels are supporting the market. He also noted that the value of power resources, mining machines and energy contracts held by Bitcoin mining companies has increased.40
Bitdeer2026-10-03 08:54:13Bitdeer mined and sold 292.3 BTC in a week, leaving corporate holdings at zeroBitdeer released weekly operating data through Oct. 2, showing that it mined 292.3 BTC over the past week and sold the entire amount. As a result, the company reported net BTC accumulation of zero for the period. Based on the disclosure, Bitdeer’s own bitcoin holdings have now fallen to 0 BTC. The company said the figure excludes customer deposits. The update was cited by Techub News, with the item attributed to Wu Blockchain.40
Bitcoin2026-10-03 08:44:17Ali Charts flags $82,500 as key Bitcoin support after whale selling near $87,000Crypto analyst Ali Charts said Bitcoin’s earlier move toward $87,000 ran into resistance as large holders took profits during the advance and because that level sits near the top of a channel that has recently capped BTC. He said whale holdings fell by about 30,000 BTC over the past week, worth roughly $2.52 billion, while the broader market traded sideways, suggesting some large players were cutting risk exposure. Ali Charts is now watching the lower end of the channel near $82,500 as a support zone. According to his view, if BTC pulls back to that area and whales begin accumulating again, it could offer a dip-buying signal and set up another attempt to test resistance around $87,000.60
