# Bitcoin slips back to about $85,600 after its third failure at $87,000 since September 23, while the Nasdaq closes higher

Glassnode data show bitcoin futures positioning down $1.4 billion, and spot buyers bought enough to offset selling. The price sits about 32% below the $126,210 peak set exactly a year ago.

- Published: 2026-10-06T05:32:21.128Z
- Canonical: https://polylog.news/crypto/2026-10-06/bitcoin-slips-back-to-about-85-600-after-its-third-failure-a
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/markets/2026/10/06/bitcoin-keeps-getting-rejected-at-usd87-000-as-stocks-hover-near-records), [CryptoSlate](https://cryptoslate.com/bitcoin-futures-drop-1-4b-but-spot-buyers-step-in-to-help/), [crypto.news](https://crypto.news/bitcoin-could-reach-93000-yields-ease-inflation-cools/), [Polylog editors](https://polylog.news), [CryptoSlate](https://cryptoslate.com/bitcoin-treasury-strive-risks-cash-reserve-to-fund-500m-buyback-and-trim-dividends/)

Bitcoin fell back to about $85,600 after sellers turned it away from $87,000 for the third time since September 23. The Nasdaq closed higher, and Treasury yields kept rising. Bitcoin peaked at $126,210 exactly a year ago, so it now trades a…

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