Markets 路 Oct 12, 2026
XBT wicks to $613, its second sharp drop in 24 hours
XBT dropped to $613 on NeoxEX's USDC market around 10am ET Monday, its second sharp wick in 24 hours. Buyers stepped in again, and by midday it was trading around $700.
The last 24 hours
| Time (ET) | What happened |
|---|---|
| Sun 11am | About $90K of selling sends XBT from $835 to a $630 wick (our story) |
| Sun afternoon | Bounces to around $780 to $800 |
| Sun 7pm | Dips to $720, recovers to about $770 overnight |
| Mon 8 to 9am | Slides from $770 to $720 |
| Mon 10am | Wicks to $613 on about 59 XBT of volume, closes the hour at $748 |
| Mon noon | Trading around $700, after another dip to $650 |
Hourly candles from NeoxEX's XBT/USDC market. Times approximate.
The bigger picture
- XBT hit about $1,087 on Saturday. Monday's low was 44% below that.
- Against bitcoin, it's back near 0.0083 BTC.
- The pattern is the same as Sunday: a thin order book, a fast wick down, and bids that refill within the hour, each time from a slightly lower level.
What's ahead
- Difficulty is set to rise about 16% around Oct 17, cutting miner revenue per terahash.
- The coinbase unlock starts around Oct 30, adding about 450 XBT a day of newly spendable supply. Countdown.
If you trade, use limit orders and check both NeoxEX and NonKYC before you do (they can be 4% apart). Live price on the xbt.live homepage.
Not financial advice.