Bitcoin price stalled near $88,000 as long-term holders who bought between $89,000 and $97,000 sold heavily near the $85,000 to $87,000 resistance zone. Over $2.4 billion in long positions were liquidated in early October, and spot Bitcoin ETFs saw $487 million in net redemptions on October 8, 2026. Large buy orders parked between $81,000 and $82,000 provided support, suggesting the decline was profit-taking rather than capitulation. QCP Capital expects Bitcoin to trade in a $80,000 to $90,000 range for Q4 2026, with resistance between $88,000 and $90,000.
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