Bitcoin is currently testing a concentrated supply zone held by long-term holders around $84,000-$85,000, following a recent peak near $87,000. Derivatives leverage has decreased significantly, reducing the risk of a sharp liquidation event. While on-chain data shows strong long-term holder support, short-term trader profits are at a 21-month high, suggesting potential selling pressure. Institutional interest remains positive, with US spot ETFs attracting nearly $3 billion recently, but overall market momentum is cautious, awaiting new catalysts like inflation data or increased spot demand to push past resistance levels.
As of Sep 30, 2026 19:22 WIB, Bitcoin trades on Pluang at Rp1.499.244.528 with a 1-day decline of 1.11%. Despite the recent testing of the $84,000-$85,000 holder cluster mentioned in the article, Pluang data shows a strong buy interest with 70% of order activity on the platform being purchases. The typical hold time on Pluang is 110 days, indicating a relatively patient investor base amid cautious market momentum.
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