Bitcoin (BTC) — Onchain News & Whale Tracking

This Friday, Bitcoin options will see a large-scale quarterly expiration, with the main pain point at $75,000.

This Friday, Bitcoin’s quarterly options contracts are set for a large-scale expiration. Crypto options platform Deribit has roughly one-third of its contracts expiring, with 184,000 BTC options to be settled, carrying a nominal value of around $15.9 billion. The maximum pain point is $75,000, and the call-to-put option ratio stands at 0.69.

Bitcoin falls below $86,000, with its 24-hour price gain narrowing to 0.96%

According to HTX market data, Bitcoin has dropped below $86,000, with its 24-hour price gain narrowing to 0.96%.

Analysis: Bitcoin’s price has diverged from its demand, with ETF inflows and coin hoarding via transfers out of trading platforms acting as short-term support.

CryptoQuant analyst Darkfost notes that while Bitcoin’s price is rising, sustained buying pressure has yet to reestablish, leaving mixed market signals. As of the 30th, cumulative spot demand stood at -180,000 BTC, remaining negative; futures demand was +54,000 BTC, still positive but slightly down. Total average demand improved from -188,000 BTC to -126,000 BTC, narrowing the gap but still in negative territory overall. A recent divergence has emerged between price and total demand: Bitcoin’s price is up, but total demand has not turned positive, indicating the rally is driven more by easing selling pressure than strong buying. Breaking down by segment, demand recovery is uneven. For institutional players, while geopolitical and macroeconomic conditions remain unfavorable, the volume-weighted Coinbase Premium briefly turned positive, signaling U.S. spot prices occasionally trade at a premium to other markets, with institutional selling pressure easing notably. ETFs have been the biggest change in this cycle: demand has flipped completely compared to this summer, with recent net purchases of roughly 70,000 BTC. Cumulative inflows for 2026 still stand at around -17,000 BTC, but are close to turning positive. For trading platforms, net outflows dominated throughout September, a trend pointing to accumulation rather than distribution—Bitcoin leaving exchanges typically translates to lower near-term selling pressure. Analyst Darkfost concludes that the current price rally is not driven by stronger buying, but rather by investors refraining from adding more selling pressure at higher price levels, leaving the market structure still fragile.

Bitcoin ETFs posted a net inflow of $714.7 million yesterday, marking three consecutive days of massive net inflows, while Ethereum ETFs recorded a net inflow of $162.2 million yesterday.

According to monitoring by Farside Investors, Bitcoin ETFs posted a net inflow of $714.7 million yesterday, marking their third consecutive day of net inflows exceeding $400 million. BlackRock’s IBIT recorded a net inflow of $350 million, while FBTC saw a net inflow of $257.4 million. Ethereum ETFs had a net inflow of $162.2 million yesterday, with ETHA registering a net inflow of $88.1 million and FETH notching $33.6 million in net inflows.

Huobi HTX Chief Analyst Cloud: Bitcoin’s rebound has seen spot buying stepping in, with its sustainability hinging on ETF inflows and leverage levels.

Huobi HTX Chief Analyst Cloud noted that Bitcoin bottomed out amid dual pressures of interest rate hikes and stalled legislative clarity, then rebounded rapidly, gaining roughly 16% in a week. On September 21, its intraday price rose to $87,307 (Huobi HTX spot price), marking a new high since January. This rally was driven by three factors: U.S. spot Bitcoin ETFs recorded a single-day net inflow of about $1 billion on September 21, the largest such daily inflow this year; short positions worth around $650 million were liquidated within 24 hours; and falling oil prices cooled inflation expectations. Unlike last week’s rebound dominated by passive covering, this week saw spot buying take the lead. Whether the rally can sustain depends on two points: whether ETF inflows can shift from a one-day pulse to a continuous trend, and whether leverage can remain at a non-overheated level. Currently, the funding rate is around 0.01%, sitting in the neutral range, but Bitcoin’s derivatives open interest has rebounded to over $61 billion. If market sentiment weakens, high leverage will amplify drawdowns. Market sentiment has entered the extreme greed zone, a historical precursor to short-term trend reversals. On the technical front, $87,500 is the immediate resistance level, while the first support zone ranges from $84,000 to $85,000. The trend has conditions to continue, but the phase of peak sentiment also brings the highest short-term volatility risk. Note: The content of this article is not investment advice, nor does it constitute an offer, solicitation, or recommendation for any investment product.

Bitcoin briefly breaks through $87,000

According to HTX market data, Bitcoin briefly broke through $87,000, currently trading at $86,929.33, with a 24-hour increase of 0.67%.

Bitcoin's global derivatives open interest exceeds $61.2 billion, with short positions still dominating.

According to Coinglass data, the total open interest of Bitcoin contracts across the network currently stands at $61.258 billion, with a 24-hour aggregated long-short ratio of 0.972. Open interest and trading volumes on major exchanges are as follows: Binance holds $9.233 billion in Bitcoin contracts, with a 24-hour trading volume of $13.792 billion and a 24-hour long-short ratio of 0.9099; Hyperliquid has $4.044 billion in Bitcoin contracts, with a 24-hour trading volume of $2.667 billion and a 24-hour long-short ratio of 0.994; Bybit holds $5.226 billion in Bitcoin contracts, with a 24-hour trading volume of $5.82 billion and a 24-hour long-short ratio of 0.9857; Bitget has $1.787 billion in Bitcoin contracts, with a 24-hour trading volume of $2.674 billion and a 24-hour long-short ratio of 0.9814.

CryptoQuant Founder Predicts Bitcoin Will Rise 3 to 5 Times in This Bull Run, With Extreme Volatility to Ease

CryptoQuant founder Ki Young Ju stated in a post that he expects Bitcoin’s current bull run to surge 3 to 5 times, rather than another parabolic rally of over 10x, followed by a more moderate bear market. As Bitcoin’s market capitalization expands and institutional holdings rise, the extreme rallies once dominated by retail investors and hot money, along with 80%+ crashes, are being suppressed. Factors limiting upside are also mitigating downside risks. The PNL index shows that the extremes of Bitcoin’s cycle tops and bottoms are decreasing, while overall position profitability during bottom formation continues to rise. In this cycle, the MVRV ratio never fell below 1; even at market lows, Bitcoin’s price remained above holders’ average on-chain cost basis. Moreover, realized market capitalization keeps climbing, signaling new capital inflows. Early whales have ceased selling, and futures market whales have built substantial long positions near the bottom. The 365-day moving average of the PNL index is also forming a clear inflection point. This does not mean Bitcoin has an upside cap, but rather that the market’s risk-reward structure is evolving. Giving up a 10x+ parabolic rally also means avoiding an 80% extreme drop—this lower volatility could attract more long-term-focused capital instead of short-term hot money. He added that Bitcoin’s development path may gradually approach Satoshi Nakamoto’s vision: becoming a stable enough asset to truly function as a currency. As Bitcoin matures further, internet-native capital could reshape the global economy in ways exceeding expectations.

US-Iran talks send positive signals, Bitcoin consolidates strongly, and the three major U.S. stock indexes show mixed performance.

U.S. and Iranian officials held roughly three hours of talks on Tuesday on the sidelines of the UN General Assembly in New York. U.S. President Donald Trump later described the engagement as "very good" and "very productive," adding that the two sides have scheduled another meeting in the "near future." According to market data from BIT (bit.com), U.S. stocks closed on Tuesday: the Dow Jones Industrial Average fell 0.36%, the S&P 500 edged up slightly, and the Nasdaq rose 0.45%, marking another record closing high. Micron Technology (MU.O) gained 5%, SK Hynix (SKHY.O) rose more than 3%, SanDisk (SNDK.O) climbed 6.8%, and Cisco (CSCO.O) dropped over 4%. According to HTX market data, Bitcoin remains in strong consolidation, trading at $86,195 with a 0.35% 24-hour decline. ZEC has surged past $1,600, currently priced at $1,633, hitting another recent high.

Coinbase teams up with Morpho to launch Bitcoin collateralized fixed-rate loan service.

Coinbase has announced the launch of Bitcoin collateralized fixed-rate loans, enabling users to access liquidity without selling their BTC, while locking in interest rates and repayment dates prior to borrowing. Built on the Morpho Midnight protocol on the Base network, the new product is now available to eligible users in the United States, excluding New York State. Unlike Coinbase’s earlier launched floating-rate loans, this new offering features fixed interest rates and explicit repayment terms. Coinbase warns that loans carry collateral liquidation risk; failure to fully repay by maturity may trigger liquidation.

Bitcoin ETFs see $1.26B inflow, Ethereum ETFs turn negative with $90.41M weekly outflow

Sept 22 Update: #Bitcoin ETFs: 1D NetFlow: +14,613 $BTC(+$1.26B)?? 7D NetFlow: +8,277 $BTC(+$712.62M)?? #Ethereum ETFs: 1D NetFlow: +68,434 $ETH(+$187.93M)?? 7D NetFlow: -32,923 $ETH(-$90.41M)??

Yesterday, Bitcoin saw massive liquidations of short positions, yet futures trading remains crowded, with the long-short ratio locked in a stalemate.

According to Coinglass data, Bitcoin rallied sharply yesterday afternoon, triggering over $900 million in short position liquidations across the network. However, after the large-scale liquidations, Bitcoin’s coin-margined contract open interest rose rather than declined. As of press time, the total Bitcoin contract open interest across the network has climbed to 717,400 coins, a notable increase from yesterday’s 685,600 coins. Additionally, the current long-short ratio of Bitcoin contracts across the network stands at 1.0612, indicating that following yesterday’s sharp surge, market sentiment has not tilted overwhelmingly toward long positions, with bulls and bears still locked in a stalemate.

Viewpoint: Bitcoin reclaims all long-term moving averages, signaling a trend reversal.

Glassnode noted in a post that Bitcoin (BTC) has reclaimed all its long-term moving averages. After trading below these averages for roughly 300 consecutive days, this trend has now reversed. As long as BTC can hold above these long-term moving averages, the long-term uptrend is expected to continue.

PlanB: Bitcoin Surpasses Multiple Realized Prices, Expected to Hit New Highs in This Halving Cycle

Renowned crypto analyst PlanB wrote in a post that BTC is currently trading at around $86,000, having risen above key cost levels including the realized price ($53,000), 155-day realized price ($72,000), and 2-year realized price ($86,000). He also stated that BTC is unlikely to drop below $53,000 in this cycle. The market’s long-held view that “every bear market must retest the realized price” has now lost its last clear supporting condition. The 2025 and 2026 market cycles are normal but relatively shallow compared to historical precedents, so he believes BTC will reach new highs during this halving cycle (2024–2028).

Bitcoin OG wallet moves 600 $BTC ($51.28M) after 14 years, realizes 10,683x return

A Bitcoin OG wallet just moved all 600 $BTC ($51.28M) after over 14 years of inactivity! The wallet received 600 $BTC ($4.8K at the time) 14 years ago, when $BTC was trading at just $8. It's now sitting on a $51.28M unrealized profit — a 10,683x return!

A dormant Bitcoin address inactive for over 14 years has transferred all 600 BTC, generating an unrealized profit of $51.24 million.

According to on-chain data, a Bitcoin whale dormant for over 14 years has reactivated. When Bitcoin was priced at just $7.58–$8.09, the whale accumulated 600 BTC. At 15:22:20 Beijing time today, the whale transferred all 600 BTC, posting an unrealized profit of $51.24 million.

U.S. Bitcoin Spot ETFs’ total net assets back above $100 billion

According to Coinglass data, as Bitcoin continues to rise and spot ETF inflows persist, the total net assets of U.S. Bitcoin spot ETFs have rebounded above $100 billion, now at $103 billion.

A Bitcoin whale has added a $25 million sell order, planning to close its long position above $88,800 before flipping to open a short position.

According to TradingBeats’ monitoring, an address starting with 0xf517 on Hyperliquid added a $25 million regular limit sell order for BTC at $89,444 this morning, intending to sell 279.50 BTC. It also kept a $6.25 million take-profit order at $88,777, with total non-position-reduction sell orders above this level totaling roughly $30.5 million. As of press time, the address still holds the long position, with an average entry price of ~$81,273.5, position value of ~$6.034 million, and unrealized profit of ~$312,000. No BTC trades have been executed today so far. If the position and orders remain unchanged and filled, the address will flip from long to short, opening a maximum short position of ~341.38 BTC. Meanwhile, the address still holds regular buy orders worth ~$47.196 million in the $67,777–$78,777 range, including a ~$20 million order at the $78,777 level.

A trader suffered four consecutive forced liquidations, wiping out his $32.55 million Bitcoin short position.

According to Lookonchain monitoring, as Bitcoin prices rose, trader 0xc3ed was liquidated four times in just 14 hours. His short position stood at a high of 375.8 Bitcoin, valued at $32.55 million, and has now been fully closed out.

Bitcoin drops below $86,000, with its 24-hour price gain narrowing to 5.32%.

According to HTX market data, Bitcoin has fallen below $86,000, with its 24-hour price increase narrowing to 5.32%.

After earning $8.38 million from long Bitcoin positions, Garrett Jin flipped to short Bitcoin, with short positions worth $43.3 million.

According to TradingBeats' monitoring, Garrett Jin, the agent of the "BTC OG Insider Whale", closed a $112 million long Bitcoin position last night, realizing a profit of $8.38 million before opening a 3x short position on Bitcoin. The current position is valued at $43.3 million, with an entry price of $85,994.10.

Spaces launches Trust Anchor, enabling human-readable identity verification based on Bitcoin.

The decentralized Bitcoin naming protocol Spaces announced the launch of its Bitcoin-anchored "Trust Anchor" mechanism, which allows applications to directly verify human-readable identities against Bitcoin on-chain status without relying on centralized servers. Users only need to generate a Trust ID, then scan a QR code or paste it into a compatible application to complete verification. The ID is derived jointly from the Bitcoin block header chain and the cumulative state of the Spaces protocol, forming a universal trust anchor rooted in Bitcoin.

The crypto market is rallying strongly, with its total market capitalization back at $3 trillion. Bitcoin has broken through $87,000, while the total market cap of altcoins has surged 13.5% in a week.

According to HTX market data, the crypto market remains in a strong uptrend: Bitcoin surged past $87,000, currently trading at $86,400; Ethereum broke through $2,800, now at $2,774. The total crypto market cap jumped 5.4% in 24 hours, reclaiming the $3 trillion threshold to hit $3.042 trillion. SOL trades at $118, ZEC at $1,472, and HYPE at $93.8. Altcoin momentum continues: the total market cap of altcoins excluding Bitcoin (Total2) rose from $1.03 trillion to $1.17 trillion over the past week, a gain of over 13.5%. Top-performing altcoins today include FORM, PHA, and MUBARAK, up more than 30%; WIF, TAO, PEPE, ARMB, FET, SUI, COOKIE, EGLD, RUNE, XNO, SYN, DOGE, KERNEL, DUSK, OPG, ZAMA, EDEN, INIT, ALABB, MET, and FLOKI, up over 10%. Separately, BIT (bit.com) market data shows all crypto-related stocks closed higher, with Strategy (MSTR) up 9.47%, Coinbase (COIN) up 3.50%, Circle (CRCL) up 2.78%, BitMine Immersion (BMNR) up 8.66%, and SharpLink Gaming (SBET) up 6.74%.

X sues two Bitcoin bloggers, accusing them of manipulating a bot network to defraud $278,000 in creator revenue shares.

X has sued Vivek Kumar Sen, Zamyang Sherpa, and other unnamed individuals in the UK High Court, accusing them of operating a coordinated bot network that manipulated engagement data to defraud at least ￡207,400 (approximately $278,000) from X’s Creator Revenue Sharing Program. X alleges the defendants operated 6 primary accounts and at least 3 secondary accounts, regularly posting highly similar Bitcoin content and generating fake engagement via mutual likes, retweets, and other interactions between the accounts. Stripe accounts linked to some of the accounts were found to use names and bank accounts mismatched with the actual operators to obscure fund sources. X states the network participated in the Creator Revenue Sharing Program from 2023 to 2026; the program, which allocated ad revenue based on engagement metrics including likes, replies, and retweets, was officially shut down on September 7 and replaced by Original Content Rewards, which explicitly excludes "artificially generated" fake engagement. X suspended the 9 accounts in question on August 18, demanding the defendants return at least $278,000, plus claims for investigation costs, damages, interest, and legal fees. As of September 21, no defendants have submitted a defense in the case.

Analysis: Bitcoin could test $90,000 after a short squeeze, but leverage risks are on the rise.

Bitcoin surged past the key resistance level of $82,000 to hit a high of $87,300, triggering liquidations of around $750 million in bearish crypto derivative positions, with buying pressure from short covering further fueling the price rally. Since the breakout, Bitcoin’s derivative open interest has added roughly $2 billion, indicating a rapid return of market leverage. Nansen analyst Nicolai Sondergaard noted that “prices are turning bullish faster than position adjustments.” U.S. spot Bitcoin ETFs, which had faced headwinds from the CLARITY Act and Federal Reserve rate hikes, saw a combined outflow of $746 million on Tuesday and Wednesday, followed by inflows of $160 million and $433 million on Thursday and Friday respectively. The average cost basis for U.S. Bitcoin ETF holders is around $82,200; with Bitcoin breaking above this level, ETF investors as a whole have returned to profitability. Looking ahead, Sondergaard identifies $87,000 as the next key level, with $90,000 and $92,000 as subsequent targets; Wintermute trader Jasper De Maere also believes Bitcoin could test $90,000. However, he pointed out that breaking above the 50-week moving average is merely a positive signal, and significant volatility could still occur in the short term. The market is now closely watching whether spot and ETF inflows can sustain the rally. Sondergaard warned that if spot demand fails to keep pace with the growth in derivative leverage, the rally could become leverage-driven and reverse rapidly amid rising U.S. Treasury yields or geopolitical shocks. Wintermute advised focusing on ETF flows, perpetual contract open interest and funding rates in the coming days, as well as the options expiration this Friday.

Bitcoin breaks through $86,000, hitting a new high not seen since February.

According to HTX market data, Bitcoin has surged past $86,000, currently trading at $86,101, with a 24-hour gain of 6.69%, marking a new high since February.

Bitcoin ETFs see $116M inflow, but Ethereum ETFs lead with $149M daily inflow as weekly outflows persist

Sept 21 Update: #Bitcoin ETFs: 1D NetFlow: +1,363 $BTC(+$116.09M)?? 7D NetFlow: -4,418 $BTC(-$376.24M)?? #Ethereum ETFs: 1D NetFlow: +54,659 $ETH(+$149.45M)?? 7D NetFlow: -62,810 $ETH(-$171.73M)??

Jiang Zhuoer: Bitcoin's 'bulldozer-style' rally is not recommended for top-picking; wait for a pullback to trade on the right side

Jiang Zhuoer, founder of BTC.TOP Mining Pool, wrote that when Bitcoin climbed to $84,000 at 5 PM today, technical patterns indicated it was unlikely to mark the cycle’s peak, with the price later touching a high of nearly $86,000. Currently, there is a notable order book gap in the $85,000–$88,000 range, while the $82,000–$85,000 zone also lacks sufficient orders, making trading risky for both long and short positions at present. In the current "bulldozer-style" rally, attempting to catch the top is not recommended unless the price consolidates at a high level for a period before a sudden sharp 1-minute surge, as the success rate is relatively low. Instead of chasing the absolute peak to sell, traders should forgo some profits appropriately and wait for a price pullback before executing a right-side trade.

Pre-market news roundup for US stocks: Bitcoin hits its highest level since February, with Strategy adding more BTC to its holdings last week.

Pre-market key news for U.S. stocks on Monday: 1. Wall Street expects the U.S. to issue roughly $1 trillion in short-term debt; 2. Apple and Google are hiring for stablecoin-related positions, exploring new opportunities in crypto business; 3. Bitcoin surpassed $85,000 today, hitting a new high since February; 4. Federal Reserve official Goolsbee stated that if there is conclusive evidence inflation is falling to 2%, he has no objection to interest rate cuts; 5. Strategy increased its BTC holdings by 950 units last week at an average price of $79,670; Bitmine added 27,562 ETH last week, bringing its total ETH holdings to approximately 5.983 million.

Circle launches Bitcoin-collateralized lending service.

Per official announcements, Circle has launched the Digital Asset Backed Borrowing (DABB) service for eligible Circle Mint LLC clients, with support for the Arc and Ethereum mainnets. The service allows clients to deposit BTC, mint Circle Wrapped Bitcoin (cirBTC), then borrow USDC using cirBTC as collateral via supported third-party lending markets. Borrowed funds are deposited directly into Circle Mint accounts, enabling clients to access liquidity without selling their BTC. DABB integrates BTC deposits, cirBTC minting, collateralized borrowing, and USDC settlement into a unified workflow, letting clients manage their collateral independently and add collateral or repay loans as needed. The service currently supports Morpho-related markets, with plans to expand to additional lending markets and third-party platforms going forward. Parameters including borrowing interest rates, collateral requirements, liquidation thresholds, and liquidity are set by the selected market and subject to change.

Analysis: Bitcoin accelerates its breakout through the dense short liquidation zone, with covering demand set to further push prices higher.

Glassnode noted in a publication that Bitcoin (BTC) has accelerated its breakout from the dense short liquidation zone as anticipated. Over recent months, a large volume of short positions had built up in the $82,000–$86,000 range, though the prior pullback from this zone was modest. These short positions have now become a driving force for the upward move, as short sellers are forced to cover their Bitcoin positions.

Hyperliquid Launches Bitcoin Volmex Implied Volatility Index (BVIV) Perpetual Contract

Bitcoin Volmex Implied Volatility Index (BVIV) perpetual contracts officially launched on Hyperliquid on Monday, offering on-chain exchange users a way to bet on the magnitude of Bitcoin’s price fluctuations rather than its price direction. Widely dubbed the “Bitcoin VIX,” the BVIV index tracks the real-time implied or expected volatility of the cryptocurrency over the next 30 days. It is similar to the Chicago Board Options Exchange (Cboe) VIX index, which measures the 30-day implied volatility of the S&P 500 index. The newly launched perpetual contracts allow traders to go long or short on the volatility index directly, eliminating the need to express volatility views indirectly via options—thus avoiding high capital requirements and the need for specialized derivatives trading expertise.

Boyaa Interactive added approximately 152 Bitcoin to its holdings last week, at an average price of $75,899.

Boyaa Interactive announced that over the past week, it completed a series of open market transactions to purchase an additional total of approximately 152 Bitcoin, with a total consideration of around HK$90.63 million (equivalent to roughly US$11.56 million), at an average cost of approximately US$75,899 per Bitcoin.

Crypto whale sets 10 major price targets, will hold this round of trend orders until Bitcoin hits $120,000.

Crypto whale "Set 10 Big Goals First" updated his trading strategy, stating: "This round of trend orders will target $120,000; when Bitcoin hits $100,000, I will allocate 30% of my position for swing trading." Earlier, the trader had predicted since late August to early September: "If Bitcoin holds above $80,000, it will head toward $100,000 – this is the final chance to enter. I believe it’s still not too late to get in at $80,000 or even above, as there remains upside potential. $100,000 will likely be reached earlier than I initially anticipated."

Whale entity Garrett Jin closed out his long Bitcoin position 20 minutes ago, earning a profit of $8.38 million.

According to YuEden Monitoring, the BTC long position of the "Garrett Jin whale entity" has just been closed out: 20 minutes ago, the entity closed its long position of 1,333 BTC (valued at $112 million) which it opened 3 days ago, generating a profit of $8.38 million. The long position was opened at $78,057 and closed at $84,455. Currently, the entity holds no open positions on Hyperliquid, only spot holdings of BTC, ETH, ZEC and other assets via its on-chain addresses.

Impressive momentum! Bitcoin surges past $85,000.

According to HTX market data, Bitcoin has continued its upward rally, breaking through the $85,000 threshold and currently trading at $85,006, with a 24-hour gain of 5.03%.

Strategy's Unrealized Profit on Bitcoin Holdings Expands by $8.072 Billion

According to the latest statistics, crypto treasury firm Strategy currently holds 845,050 Bitcoin (BTC) at an average cost of $75,412. Following Bitcoin’s recent breakout above $85,000, Strategy’s BTC holdings have now generated an unrealized profit of $8.072 billion. During the ongoing bear market, Strategy’s Bitcoin positions once saw an unrealized loss of $10 billion.

A prominent trader says Bitcoin could rally to as high as $88,000 next, with little likelihood of a short-term pullback to test $70,000.

Well-known trader Killa updated his outlook on Bitcoin’s recent sharp rally, stating that Bitcoin’s next target could reach the $88,000 range. If it drops sharply below $80,000, it may test the $70,000 level, but this scenario is currently unlikely based on volume analysis. Killa, a quantitative trader focused on BTC, predicted the peak of the current bull market back in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then switched to long positions during the broad market sell-off on June 5.

Bitcoin’s hash rate has ended its downward trend and resumed upward momentum, with miner activity recovering somewhat.

According to CryptoQuant data, Bitcoin's network hashrate has rebounded again after ending its recent downward trend, indicating a recovery in miner activity.

Bitcoin leads the rally, with some public blockchains surging hard on the back of this momentum; SUI and SEI each notched daily gains of over 20%.

According to HTX market data, fueled by Bitcoin's rally breaking above $84,000, several public chain tokens have surged. HTX figures show SUI is currently trading at $1.0062, with a 24-hour gain of 19.08%. SEI is priced at $0.0581, up 20.37% in the past 24 hours.

Jiang Zhuoer: Expects Bitcoin to undergo a sharp correction after reaching a high resistance zone, but remains fully allocated to spot Ethereum in anticipation of gains.

BTC.TOP founder Jiang Zhuoer stated in a post that Bitcoin’s price trajectory aligns with one of his previously outlined expected scenarios: “Test the high resistance zone of $83,000 to $84,000, then a major pullback will follow.” Jiang added, “This pattern means this is not the peak—wait and see, don’t go short, and hold full spot ETH positions for further upside.”

Bitcoin surges sharply, Garrett Jin’s unrealized profit exceeds $7.76 million, while Abraxas, the largest on-chain Bitcoin short position holder, sees its unrealized loss widening.

According to TradingBeats' monitoring, Bitcoin briefly broke through $84,000. The only remaining contract position under Garrett Jin’s account — a 3x Bitcoin long order — has now generated an unrealized profit of $7.76 million. However, it’s a mixed picture: a long-term ETH “diamond hand” held a Bitcoin short order worth $10.16 million that was liquidated half an hour ago. Additionally, Abraxas Capital, the largest holder of Bitcoin short positions on Hyperliquid, reported unrealized losses of $23.51 million and $17.11 million respectively for its two Bitcoin short addresses.

Bitcoin saw a sharp short-term rally, with two short positions worth over $10 million liquidated.

According to Coinglass data, during Bitcoin's sharp short-term rally that pushed its price above $84,000, two short positions worth over $10 million were liquidated. One liquidation occurred on Binance, with a value of $11.29 million, while the other took place on Bitget, amounting to $10.44 million.

Bitcoin surges rapidly, briefly breaking through $83,000 to hit a new high not seen since August 19.

According to HTX market data, Bitcoin has accelerated its rally over the past hour, briefly surging past $83,000 and currently trading at $83,031. Its 24-hour gain stands at 2.73%, hitting a new high since August 19.

Bitcoin surges past $82,000, notching a 1.47% gain in the past 24 hours.

Per HTX market data, Bitcoin has surged past $82,000, currently trading at $82,086.99, with a 1.47% gain over the past 24 hours.

Since August 19, the amount of Bitcoin held by long-term holders has declined for five consecutive weeks, though selling pressure is gradually easing.

Crypto analyst @AxelAdlerJr posted that Bitcoin long-term holders (LTHs) have seen their holdings decline for 5 consecutive weeks since August 19. However, the sell-off pace over the past 30 days has slowed sharply, nearly fivefold, from 105,900 BTC on August 30 to 21,700 BTC on September 20. Additionally, LTHs reduced their Bitcoin holdings by 47,800 BTC last week. Data from the LTH Spent Output Profit Ratio (SOPR) shows that most of these sales were executed at a loss.

Strategy’s unrealized profit from its Bitcoin holdings rises to $5.02 billion.

The cryptocurrency market continues its recovery, with Strategy — the world’s largest corporate Bitcoin treasury firm — now seeing its unrealized profit on Bitcoin holdings expand to $5.02 billion, after previously posting an unrealized loss of $10 billion. Strategy currently holds 845,000 BTC and $6.4 billion in reserve assets.

Bitcoin briefly fell below $81,000.

According to HTX market data, Bitcoin briefly dipped below $81,000, with a 0.09% decline over the past 24 hours.

Bitcoin briefly broke through $82,000.

According to HTX market data, Bitcoin briefly surged past $82,000, currently trading at $81,820, with a 0.78% gain in the past 24 hours.

Is the bottom confirmed? Bitcoin climbs above the 50-week moving average for the first time in 45 weeks, surging 29% in 35 days.

Galaxy Research Head Alex Thorn wrote in a post that Bitcoin's weekly closing price has reclaimed its 50-week moving average (50W MA) for the first time in 45 weeks. Thorn noted that historically, Bitcoin reclaiming the 50W MA is often regarded as a key confirmation signal that a bear market bottom has formed. Currently, BTC has risen approximately 29% over the past 35 days.