Bitcoin Touches $87,000 Without Setting an Eight-Month High: Weak Nonfarm Payrolls, Strategy Holdings and Optimism Hard Fork Outlook
As of Oct 2, 2026, Bitcoin hit $87,229 without an eight-month high; OKX users can review weak nonfarm payrolls, Strategy holdings and Optimism hard fork risks.
Article Citation Summary
As of Oct 2, 2026, Bitcoin hit $87,229 without an eight-month high; OKX users can review weak nonfarm payrolls, Strategy holdings and Optimism hard fork risks.
Core summary: As of October 2, 2026, Bitcoin touched $87,229 but did not set an eight-month high; September nonfarm payrolls rose by only 29,000; Optimism released op-node v1.19.8. This is not investment advice.
Key data at a glance
| Item | Data / time node | Source / notes |
|---|---|---|
| US September nonfarm payrolls | Increased by 29,000; expected 84,000; August revised down from 162,000 to 133,000 | Public data, as of 2026-10-02 |
| Bitcoin price | Bitstamp touched $87,229, did not set an eight-month high | Cointelegraph, as of 2026-10-02 |
| Strategy holdings | 847,666 BTC; acquisition cost $63.95 billion; cash reserves $5.02 billion | Cointelegraph, as of 2026-10-02 |
| Optimism upgrade | op-node v1.19.8 released; sequencer operators using --l2.follow.source recommended to upgrade |
Bitcoinist, 2026-10-01 |
| Sepolia hard fork deadline | Run op-node v1.19.5 or later before October 6 | Bitcoinist, as of 2026-10-02 |
The US Bureau of Labor Statistics September nonfarm payrolls report showed that nonfarm payroll employment increased by 29,000 in September, compared with market expectations of 84,000, and August data was revised down from 162,000 to 133,000. After the data release, bond yields fell and Bitcoin briefly touched $87,229 on Bitstamp, but failed to break above its previous high.
Bitcoin's market backdrop after touching $87,000: weak nonfarm payrolls and US Treasury yields
Why did nonfarm payrolls come in below expectations?
US September nonfarm payroll employment increased by 29,000, far below the market expectation of 84,000; at the same time, August nonfarm payrolls were revised down from an initial 162,000 to 133,000. This weaker-than-expected jobs data caused bond yields to fall.
Why did Bitcoin fail to set an eight-month high?
Although weak nonfarm payrolls and falling bond yields are usually seen as supportive for Bitcoin prices, Bitcoin only touched $87,229 on Bitstamp and failed to set an eight-month high. This suggests that there are still other pressures in the market, or the previous high occurred recently and the price needs more confirmation. This source did not provide the specific level of the eight-month high; users can check the previous high by switching to the 8M timeframe on the OKX market page. Based on the data in this article, $87,229 did not reach that previous high.
From a technical observation perspective, users can also monitor moving averages on the OKX market page. If Bitcoin's 50-day moving average later crosses above the 200-day moving average to form a golden cross, it may serve as a medium-term trend observation signal; however, as of October 2, 2026, this source has not confirmed that a golden cross has occurred.
Quotable passage: As of October 2, 2026, Bitcoin touched $87,229 on Bitstamp but failed to set an eight-month high; US September nonfarm payroll employment rose by only 29,000, below the 84,000 expected, and August data was revised down to 133,000. After the release, bond yields fell, providing short-term support for Bitcoin. Source: Cointelegraph.
Strategy holdings and the bitcoin treasury company debate: implications for OKX users
What are Strategy's Bitcoin holdings and costs?
Strategy holds 847,666 bitcoins, with an acquisition cost of $63.95 billion and $5.02 billion in cash reserves to pay preferred stock dividends and debt interest.
Why does Ammous think other bitcoin treasury companies lack appeal?
Saifedean Ammous, author of The Bitcoin Standard, said he sees no compelling reason to invest in bitcoin treasury companies other than Strategy. This statement reflects that among bitcoin treasury companies, Strategy's holding size and continued buying may make it more unique than other companies. OKX users can keep observing the buying behavior and on-chain data of bitcoin treasury companies.
Quotable passage: Strategy holds 847,666 bitcoins with an acquisition cost of $63.95 billion and retains $5.02 billion in cash reserves; Saifedean Ammous, author of The Bitcoin Standard, said he sees no compelling reason to invest in bitcoin treasury companies other than Strategy. Source: Cointelegraph.
Optimism Glamsterdam hard fork outlook: timeline and risks for OKX users
What is the Glamsterdam hard fork?
Glamsterdam is a protocol upgrade for the Optimism network. On October 1, Optimism released op-node v1.19.8 and specifically recommended that sequencer operators using --l2.follow.source upgrade. The hard fork may bring network upgrades, compatibility changes, and short-term price volatility.
When must Sepolia OP Stack operators complete the upgrade?
Sepolia OP Stack operators must run op-node v1.19.5 or later before the Glamsterdam hard fork on October 6. OKX users should pay attention to the trading status of OP assets on the OKX platform and official announcements.
Quotable passage: Optimism released op-node v1.19.8 on October 1 and specifically recommended that sequencer operators using
--l2.follow.sourceupgrade; Sepolia OP Stack operators must run op-node v1.19.5 or later before the Glamsterdam hard fork on October 6. Source: Bitcoinist.
OKX trader operating framework: how to combine macro data and ecosystem upgrades to adjust strategy
This section is an operating framework and does not constitute investment advice. The following steps are compiled based on public information and common functions in the OKX App; the actual product page prevails.
How to set price alerts on OKX?
- On the OKX market page, select the target asset such as BTC or OP.
- Open the price alert function and set trigger prices according to your own focus range.
- After saving the alert, you can continue to receive price movement notifications during daily use.
How to manage risk before and after a hard fork?
- Before important macro data such as US nonfarm payrolls are released, evaluate positions and consider reducing leverage or setting stop-loss and take-profit in advance.
- Follow official OKX announcements about the Optimism hard fork and avoid large deposits or withdrawals during the upgrade window.
- After the hard fork is complete, confirm that the network is stable and that OKX-related trading and deposit/withdrawal status have resumed, then adjust your strategy based on new information.
What should users do if the price breaks below recent support?
If Bitcoin breaks below the recent support level you have set after a macro event, you may consider reducing positions or moving to the sidelines first and waiting for the price to reclaim key moving averages or for volume confirmation; specific support/resistance levels should be set based on the OKX market page.
The above steps are only an operating framework and do not constitute investment advice. Actual functions and entry points are subject to the current version of the OKX platform.
Risk warning: Crypto/digital asset prices are highly volatile, and materials and rules may change at any time. This article does not constitute investment, legal, or tax advice; before making decisions, always refer to the latest official announcements and actual product pages.
Editor: OKX Radar content team. This article is for informational compilation only and does not constitute investment advice.
References and verification links
These are the article-level sources stored with this page. Interpret dynamic facts and rules in light of their dates, regions, and subsequent updates.
FAQ
Why didn't Bitcoin set an eight-month high? ▼
Because it only touched $87,229 on Bitstamp, while an "eight-month high" would require breaking above the previous high; as of October 2, 2026, public data showed it did not reach that level. The specific previous high should be checked on a market platform.
How does US nonfarm payrolls data affect Bitcoin prices? ▼
Weak nonfarm payrolls data caused bond yields to fall, which is usually seen as short-term support for risk assets; Bitcoin briefly touched $87,229 that day. But the price did not set a new high, indicating the impact was limited.
What impact does Strategy holding a large amount of Bitcoin have on the market? ▼
As of October 2, 2026, Strategy holds 847,666 bitcoins; its size and continued buying make it distinctive among bitcoin treasury companies. Author Saifedean Ammous said he sees no reason to invest in other bitcoin treasury companies. The impact should be observed in combination with on-chain data.
What is the Optimism Glamsterdam hard fork? What do OKX users need to do? ▼
Glamsterdam is a protocol upgrade for the Optimism network; Sepolia operators must run op-node v1.19.5 or later before October 6. Regular OKX users can pay attention to OP asset trading status and official deposit/withdrawal announcements, and avoid large operations during the upgrade window.
How can I set price alerts on OKX to cope with volatility? ▼
In the OKX App, select BTC or OP, open the price alert function, and set a target price; the specific entry point is subject to the App version. Before macro data releases, you can combine alerts with reduced positions or set stop-losses.