Investment
Features
FeesSafety
Academy
More
Pluang+

Bitcoin, Ether, XRP trigger massive 2,633% short squeeze despite persistent US inflation.

Market News
30 Sep 2026
UToday
View Source
Bullish
Bitcoin, Ether, XRP trigger massive 2,633% short squeeze despite persistent US inflation.

Bitcoin, Ether, and XRP caused a huge 2,633% liquidation imbalance as US inflation remained stubborn and Treasury yields stayed high. Despite economic pressures like 5.2% US Treasury yields and inflation above target, these cryptocurrencies sparked a strong buying wave that forced short sellers to liquidate $259 million in positions within 24 hours. Bitcoin led with over $51 million in short losses, showing resilience amid negative macroeconomic news. This short squeeze highlights growing institutional support and a lack of actual sellers as year-end approaches, suggesting fresh investments may flow into crypto in 2027.

As of Sep 30, 2026 23:03 WIB, Bitcoin trades at Rp1.502.944.472 on Pluang with a 1-day gain of 0.61%, showing steady interest despite the recent short squeeze news. XRP, meanwhile, is priced at Rp26.928 but has dipped 1.12% in the last day, reflecting some volatility. Pluang data shows a strong buying sentiment with 70% of Bitcoin orders and 74% of XRP orders on the buy side, highlighting ongoing investor confidence in these assets.

More News (BTC)

August core PCE inflation slows, Bitcoin steadies near $85K amid mixed market signals

August core PCE inflation slows, Bitcoin steadies near $85K amid mixed market signals

August's core Personal Consumption Expenditures (PCE) inflation rose 3.0% year-over-year, below expectations, easing pressure on the Federal Reserve to hike rates in October. Bitcoin responded positively, briefly surpassing $85,000 before settling ar...

Market News
Bullish
5 hours ago
Bitcoin faces a major sell wall near $85,000 as ETF inflows and trading volume decline.

Bitcoin faces a major sell wall near $85,000 as ETF inflows and trading volume decline.

Bitcoin is encountering a significant sell wall between $85,000 and $85,500 on Binance, coinciding with a steady decline in U.S. spot Bitcoin ETF inflows since September 22. ETF inflows dropped from nearly $1 billion on September 21 to just $24 milli...

Market News
Neutral
6 hours ago
Bitcoin holders sit on highest 21-month profit, raising risk of selling amid cooling demand

Bitcoin holders sit on highest 21-month profit, raising risk of selling amid cooling demand

Short-term Bitcoin holders currently have an unrealized profit margin of about 33%, the highest since December 2024, with a record 25,700 BTC profit realized on September 22. Despite Bitcoin reaching an eight-month high near $87,400, demand for spot ...

Market News
Neutral
6 hours ago
Bitcoin drops 1.24% to $84,300 amid $8M long position liquidations on Binance and others

Bitcoin drops 1.24% to $84,300 amid $8M long position liquidations on Binance and others

Bitcoin's price fell 1.24% within an hour to $84,300 on September 30, extending a recent short-term decline despite a slight 0.42% gain over 24 hours. The drop was marked by $8.03 million in long position liquidations on major exchanges like Binance,...

Market News
Bearish
6 hours ago
Bitcoin nears $85K as US inflation cools, fueling hopes for Fed rate pause.

Bitcoin nears $85K as US inflation cools, fueling hopes for Fed rate pause.

Bitcoin's price approached $85,000 following the latest US inflation report showing a slowdown in the Personal Consumption Expenditures (PCE) inflation to 3.3% annually. The report indicated easing inflation pressures but also strong consumer spendin...

Market News
Bullish
7 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App