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Bitcoin tops $85,000 as $635M in short positions liquidate in one day

Market News
21 Sep 2026
Unchained
View Source
Bullish
Bitcoin tops $85,000 as $635M in short positions liquidate in one day

Bitcoin surged above $85,000 for the first time since January, triggering $635 million in short position liquidations across crypto markets within 24 hours. This rally followed Bitcoin closing a week above its 50-week moving average, a technical signal that historically marks the end of bear markets. The move also boosted other cryptocurrencies like Ether, Solana, and XRP. Despite the gains, Bitcoin remains about 33% below its all-time high from October 2025, but increased inflows into U.S. spot Bitcoin ETFs suggest renewed investor interest.

Bitcoin trades at Rp1.512.000.000 on Pluang as of Sep 21, 2026 21:06 WIB, up 6.22% in one day. The market cap stands at Rp30.637,55 trillion with a 24-hour volume of Rp707,81 trillion. Despite strong gains, 77% of Pluang users are selling Bitcoin, with typical hold time around 110 days.

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