Bitcoin is currently undergoing a significant test as market sentiment has shifted from "extreme greed" to "fear" in a short period. This change is attributed to factors like the stalling of the CLARITY Act, the Federal Reserve's interest rate hikes, and weak demand in the US market, leading to increased risks of a price pullback. However, there are signs of a potential bear trap, where a large short position could be liquidated if Bitcoin holds its key support level, potentially triggering a short squeeze and a return of positive sentiment.
Bitcoin's market capitalization stands at Rp27,296.09T, and while the article discusses a shift to "fear," BTC on Pluang shows a 1-day change of +1.52% as of Sep 17, 2026 16:21 WIB. Pluang's order activity for BTC is evenly split with 50% Sell and 50% Buy, and the typical hold time on the platform is 109 days.
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