Bitcoin Hits October Low as Government-Linked Wallets Transfer $1.48B

Key Facts

1Bitcoin price hit its October lows, stabilizing near the $83,000 level.

2Movements from government-linked wallets were detected involving the transfer of $1.48 billion in Bitcoin.

3Spot XRP ETFs recorded net inflows while the token held steady around $1.39.

Bitcoin price hit its October lows, stabilizing near the $83,000 level. Tokenpost reported that this decline coincided with movements from government-linked wallets involving the transfer of 17,733 BTC, valued at approximately $1.48 billion, to Coinbase Prime through October 8, 2026.

The market selloff triggered $1.06 billion in crypto liquidations over 24 hours, with long positions accounting for $859.17 million of the total. Meanwhile, the XRP token held steady around $1.39 as spot XRP ETFs recorded net inflows of $8.17 million on October 9, 2026, contrasting with net outflows from Bitcoin and Ether ETFs.