Bitcoin traded near $86,000 after recording its highest weekly close in eight months, but it remained unable to establish a break above $87,000 as selling pressure capped the advance. Weaker-than-expected US Personal Consumption Expenditures data and nonfarm payrolls figures supported risk appetite by reducing expectations for further Federal Reserve interest-rate increases. The US economy added 29,000 jobs in September and July and August payrolls were revised down by a combined 60,000, helping lift Bitcoin to $86,800 before the move faded. Glassnode said the weekly close rose about 2% on Sunday gains, while derivatives positioning eased toward normal levels and spot Bitcoin ETF inflows slowed. On-chain activity, new capital inflows and investor profit-taking remained elevated, while whale Bitcoin flows to exchanges shifted to net outflows after late August following more than three months of net inflows.