Bitcoin Slips 2.08%, ETF Outflows Hit $484.9M, and Zcash Plunges 11.76%
Redakcja CryptoPulsar ·
On October 8, 2026, crypto markets are under pressure. Bitcoin falls to $81,754, Ethereum to $2,468.32, and spot Bitcoin ETFs recorded $484.9 million in outflows. Among the top 10, Zcash is the hardest hit, sliding 11.76% in 24 hours.
The crypto market came under clear selling pressure on October 8, 2026. Bitcoin is trading at $81,754, down 2.08% from a day earlier, while Ethereum is down 4.15% to $2,468.32. The total market capitalization stands at $2.86 trillion. Sentiment is weighed down by outflows from US spot Bitcoin ETFs, which reached $484.9 million on October 7. Among the ten largest cryptocurrencies, only Figure Heloc is in the green, gaining 0.84%, while Zcash is the hardest hit, falling 11.76% over the past 24 hours.
Top Gainers and Losers: Zcash Falls 11.76%, Figure Heloc Is the Only Gainer
| Crypto | Price | 24h | 7d |
|---|---|---|---|
| Bitcoin | $81,754 | -2.08% | -3.54% |
| Ethereum | $2,468.32 | -4.15% | -8.74% |
| BNB | $732.94 | -4.96% | -5.13% |
| XRP | $1.38 | -3.02% | -8.34% |
| Solana | $109.42 | -5.88% | -7.70% |
| Figure Heloc | $1.025 | +0.84% | -0.24% |
| Zcash | $1,171.52 | -11.76% | -12.80% |
The market caps of the largest assets remain under pressure. BTC's market cap is $1.64 trillion, ETH $301.42 billion, BNB $97.60 billion, XRP $86.92 billion, and SOL $64.46 billion. BTC 24-hour trading volume reached $42.53 billion, and ETH $18.86 billion.
| Crypto | Market Cap | 24h Volume | ATH |
|---|---|---|---|
| Bitcoin | $1.64T | $42.53B | $126,080 |
| Ethereum | $301.42B | $18.86B | $4,946.05 |
| Tether | $183.95B | $81.06B | $1.32 |
| BNB | $97.60B | $1.17B | $1,369.99 |
| XRP | $86.92B | $3.33B | $3.65 |
ETFs Bleed: $484.9 Million in Outflows as BlackRock Leads a Broad Redemption Wave
US spot Bitcoin ETFs recorded net outflows of $484.9 million on October 7, according to Farside Investors data cited by NewsBTC. BlackRock's IBIT fund accounted for $207.7 million of the capital leaving the fund. The report highlighted that this was a broad redemption day, with supply dominating across the remaining funds as well.
The event coincides with Bitcoin's pullback to $81,754, or 2.08% lower over 24 hours. Historically, ETF outflows have sometimes signaled cooling institutional demand, but a single day does not yet determine a lasting reversal. CryptoPulsar data shows daily BTC transaction count is around 738,000, still confirming network usage.
Cycle Indicators: BTC and ETH in a Weak Zone, but Without Panic
CryptoPulsar's market cycle score for Bitcoin is 28.5/50. The daily RSI (14) is 38.9, while MACD and the EMA 9/21 cross remain in a bearish setup. Short-term momentum favors sellers, although the fear and greed index still reads 64 points, indicating mild greed. Perpetual funding rates are near zero, reducing the risk of violent liquidations.
Ethereum's market cycle score is 28.7/50. Over the last 4 hours, about 2676 ETH left exchanges on a net basis (152 incoming transfers, 195 outgoing). Combined with ETH's daily decline of 4.15%, this suggests some capital is moving ETH off exchanges. Within an hour, 52 large transfers of 500 ETH or more were recorded, including two of 20,000 ETH. The daily RSI is 36.1, and MACD and the EMA 9/21 are bearish.
Solana fares relatively better with a score of 31.6/50. Its daily RSI is 32.5, close to oversold territory. On-chain activity shows 5.1 million transactions in 24 hours and whale transfers of 317,000 and 257,000 SOL. A funding rate around -0.0033% and sentiment at 64 points do not signal panic, but rather a calm after the decline. BNB, in turn, has 31.0/50 and an RSI of 32.2, with 22 large whale transfers recorded in the last hour, the largest around 3,100, 3,000, and 2,700 BNB.
XRP's indicators are the weakest: 26.6/50. The network processed 2.23 million transactions in 24 hours, but an RSI of 44.2 and negative MACD did not stop the supply. If the price fails to defend the area around $1.30, the bearish setup could persist, and a return above $1.40 would require a clear influx of demand.
💡 Worth Knowing
The fear and greed index remains at 64 points, in the mild greed zone, despite the sell-off. This may suggest the market has not yet priced in a deeper correction, although funding rates are near zero and are not adding leverage pressure.
Large ETH Transfers and Whale Activity
The latest Bitquery data shows a series of ETH transfers. Around 20:33 UTC, transfers included 1,467.92 ETH, 499.62 ETH, 410.00 ETH, and 771.43 ETH. Earlier within an hour, 52 large transfers of 500 ETH or more were recorded, including two of 20,000 ETH. This may indicate OTC moves or portfolio reconfiguration, but without direction data it is hard to clearly assess whether it is accumulation or distribution.
MEV risk was assessed at 53/100 for ETH and 38/100 for BNB, meaning medium or moderate risk of sandwich attacks on decentralized exchanges. This is still not a critical level, but it shows large players can influence short-term liquidity.
Tokenization Contrasts with the Sell-Off: BNB Chain, Solana and Polkadot
Amid the sell-off, the tokenization market is hitting records. According to Crypto Briefing, BNB Chain leads tracked chains in tokenized stocks, accounting for 41% of market value. CoinTelegraph reported that Securitize shares rose more than 10% after the launch of tokenized US stocks on Solana.
Cryptopolitan reports the launch of the dotUSD stablecoin on Polkadot. The token is designed to operate without an issuer and is created at a 1:1 ratio against Tether (USDT). This is another signal that tokenization and stablecoin infrastructure continues to develop despite the spot market correction.
Which Categories Are Losing the Most?
Across market categories, the supply advantage is broad. In Layer 1 (EVM), Ethereum loses 4.15%, BNB 4.96%, and TRON only 0.80%. In Layer 1 (non-EVM), XRP drops 3.02%, Solana 5.88%, and Cardano 8.00%. In DeFi, Ethena falls 9.09%, Uniswap 6.37%, and Hyperliquid 4.09%.
On the opposite end, among individual categories, Filecoin is up 3.53%, MemeCore 1.75%, and LEO Token.