Bitcoin
Affairs
 
No. 129  ·  3 Oct 2026
 
MARKET SNAPSHOT
BTC / USD
$84,796
  24H CHANGE
-0.5%
 
ALL-TIME HIGH
$124,749
  FROM ATH
-32.0%
◎
NEWS
5 STORIES TODAY
G7 orders 100 million barrel oil and diesel release to cool prices
G7 countries said they will release 100 million barrels of oil and fuel products in the coming weeks, with a front-loaded diesel release starting immediately. The move matters for Bitcoin because it targets one of the market’s biggest current macro risks: energy-driven inflation that can keep rates higher and tighten financial conditions.
Macro  Geopolitics
Community bankers sue OCC over crypto trust charters granted to digital-asset firms
The Independent Community Bankers of America sued the OCC, arguing the regulator exceeded its authority by granting national trust charters to crypto firms. The case could complicate or delay a federal charter path that would let digital-asset companies expand custody and stablecoin services under lighter bank-like oversight.
Regulation
USDT returns to Bitcoin this month through Tether-backed Utexo and RGB rails
A Tether-backed project, Utexo, plans to bring USDT back to Bitcoin this month using RGB-based infrastructure. The setup is designed to support private transfers, direct BTC-USDT swaps and bitcoin-backed lending, potentially broadening Bitcoin’s role as a base settlement layer for dollar liquidity.
On-chain
Absa launches institutional bitcoin custody, marking an African banking first
South Africa’s Absa has rolled out institutional digital-asset custody, becoming the first bank on the continent to offer the service. The launch widens the pool of regulated banking counterparties available to African institutions that want bitcoin exposure without relying on offshore or crypto-native custodians.
Regulation  Macro
Bitcoin leverage builds as open interest jumps $2.3 billion in one day
Bitcoin futures open interest rose by roughly 27,000 BTC, or about $2.3 billion, as funding rates also moved higher. The build in leverage points to stronger bullish positioning, but it also raises the risk of sharper liquidations if the move reverses.
Macro
≡
COMMENTARY
VOICE FROM THE NETWORK

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glassnode
@glassnode
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$BTC investors that bought the top are currently selling.

Two cohorts sit underwater: buyers from 1–2 years ago at $97k, and from 6–12 months ago at $89k.

Those who bought the 2025 rally are selling the most coins per day this year. Those who bought the decline are not. https://t.co/cHAQoaqreT
 
 
 
 
55 reposts    81 replies    540 likes
Darkfost
@Darkfost_Coc
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Yep, STH are cashing out like there's no tomorrow😳

Their 7-day average realized profit has surged from $136M to $1B today.

BTC just fell from $87 100 to $83 800 in a few hours, a drop of almost 4%, as sharp as the rally that preceded it.

Moves like this are often driven by excess leverage.
 
 
 
 
2 reposts    5 replies    45 likes
Coin Bureau
@coinbureau
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🇸🇻HUGE: Bukele's Bitcoin nation just got $139 MILLION from the IMF, despite breaking the IMF's Bitcoin limit.

El Salvador, the first country to make Bitcoin legal tender, agreed to stop buying Bitcoin with government money as part of a $1.4 BILLION IMF loan.

But its Bitcoin holdings kept growing.

The IMF says the new coins came from private donations, and it waived the breach after El Salvador promised corrective steps.

Now the IMF says El Salvador shouldn't add any more Bitcoin beyond those donations.
 
 
 
 
 
24 reposts    37 replies    160 likes
Joao Wedson
@joao_wedson
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We are living through a Bitcoin bear market unlike any we have seen before.

362 days after the all time high, Bitcoin is still trading well above the historical median of previous bear market cycles.

Are we witnessing the first major structural shift in Bitcoin’s traditional cycle behavior?

Or does this chart suggest there is still room for one final leg lower?

Historically, major bear market bottoms were formed between day 364 and day 405 after the cycle ATH.

We are entering that exact window now.

By November 2026, we should have a much clearer answer.
 
 
 
 
3 reposts    9 replies    48 likes
Coin Bureau
@coinbureau
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🇺🇸JUST IN: The bank lobby that fought the CLARITY Act is now SUING to stop crypto firms from getting federal trust bank charters.

The Independent Community Bankers of America sued the OCC, arguing it has no legal authority to grant national trust charters to crypto firms.

"Congress did not create the national trust charter as a side door into the banking system for crypto firms," says ICBA CEO Rebeca Romero Rainey.

The OCC has cleared trust charters for crypto firms including Coinbase, Circle and Crypto(.)com, as well as Trump-linked World Liberty Financial.

The OCC says it does not comment on litigation.
 
 
 
 
 
156 reposts    90 replies    656 likes
Crypto Rover
@cryptorover
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Bitcoin is being MASSIVELY shorted right now.

Funding rates just dropped to their most negative level since May. https://t.co/lTHEah48z2
 
 
 
 
72 reposts    115 replies    948 likes