Spooky season for Bitcoin đź‘»

Bitcoin traders are running scared in October, with the Crypto Fear and Greed Index dropping more than 10 points as ETFs bled $386.3 million in the month to date.

Author

Stephen Graves
October 12, 2026

Together with

đź“ť What you need to know

It's spooky season, and there's a chill in the air. The Crypto Fear and Greed Index dropped to 56 on Monday, a “neutral” reading, down from 67 a week earlier and a year high of 82 in late August, while Bitcoin is ranging near $83,000.

The pressure is coming from macro factors, with Brent crude above $100 a barrel, the 30-year Treasury yield at its highest since 2002, and $386 million in net outflows from spot Bitcoin ETFs so far in October.

Analysts say this week’s U.S. inflation data could set the Fed’s next move. Meanwhile, traders on Myriad, a prediction market owned by Decrypt’s parent company Dastan, now put a 66% chance on Bitcoin dropping to $80,000 this month.

Bitcoin Spooked? Crypto Fear and Greed Index Drops to Pre-Rally August Lows

The Crypto Fear and Greed Index has dropped to 56 from an August peak of 82, as oil, bond yields, and ETF outflows hit Bitcoin in October.

From our partner

Right before the US midterms, the whole prediction markets category is in New York. The World’s Largest Prediction Markets Summit brings 2,500 attendees, 200+ speakers and 75%+ C-suite and founders to Convene Hudson Yards on October 22-23. Your seat is waiting.

đź“° In the News

XRP Ledger’s Payment Engine Had a Counterfeiting Bug Hiding Since 2015

An integer overflow in the payment engine, dormant since 2015, could have let an attacker mint spendable XRP beyond the token’s total supply.

Ledger Says All Confirmed Cases in Suspected $87M Drain Tied to Reseller CryptoBilis

The wallet manufacturer said its own systems and direct sales are unaffected, and that the reseller has stopped selling hardware wallets.

NEXTPredict Paid $12,000 to Hedge Its Conference on a Prediction Market - Decrypt

Where event insurance deals with scrapped shows and what happens inside the venue, NEXTPredict is focusing on flight cancellations. (Brought to you by NEXTPredict)

Bitcoin (BTC)October 12, 2026
$82,537
â–Ľ 1.6% (24h)
View live price

đź“Š Myriad Insight of the Day

Myriad prediction marketOctober 12, 2026
Crude oil's next move: Pump to $120 or dump to $55?
Resolves when WTI crude hits either target first
$120 58%$55 42%
  
Why it matters
Oil traders lean toward a spike in Myriad's $13.8 million market: 58% odds WTI hits $120 before $55. Crude rose 1.2% to $92.96 on Monday, per EnergyNow, as a Houthi attack on Riyadh's airport and tanker strikes near the Strait of Hormuz outweighed hopes for a Russia-Ukraine energy ceasefire. Brent hit its highest level in nearly two weeks. The pump target is 29% away, the dump 41%.
Source: EnergyNow · Related: Bitcoin dips below $83K as oil shock rattles markets
Trade on Myriad

Bitmine Adds $32M in Ethereum as Tom Lee Says Firm Is Nearly 'Done Stacking'

The Ethereum treasury firm now holds 6.03 million ETH, 4.9% of supply, as Lee predicts the biggest crypto bull market yet.

UK Freezes $12M London Penthouse of Alleged Prince Group Finance Chief

Thet Li is accused of running the finances of a scam empire tied to $14 billion in Bitcoin the U.S. has moved to seize.

How Zcash Plans to Hide Your Keys From AI and Quantum Attacks

While much of crypto is still debating “bunker mode,” one team of Zcash developers says it already has a plan.

🥇 Be First to Market With Myriad

Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!

With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news.

đź“š Watch & Learn

đź“ą WATCH: Swaps, Staking, Payments: Inside ChangeNOW's Crypto Super App Roadmap

Brought to you by ChangeNOW

🎓 LEARN: What is Zcash (ZEC)? The Privacy Coin Using Zero-Knowledge Proofs

Zcash is a privacy-focused cryptocurrency that enables users to hide key details of transactions by leveraging zk-SNARKs.

Interested in partnering with Decrypt? Find out more here.