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Bitcoin nears $89K risk zone where holder behavior may impact market momentum

Market News
02 Oct 2026
Tokenpost
View Source
Neutral
Bitcoin nears $89K risk zone where holder behavior may impact market momentum

Bitcoin's price is approaching a critical zone around $89,000, close to the cost bases of two key holder groups: those holding for 18 months to 2 years at about $88,350, and those holding for 6 to 12 months at about $89,200. This zone is important because it may influence how investors act—some might sell to realize gains or cut losses, while others might buy more to reduce their average cost. The collective behavior of these holders could significantly affect Bitcoin's current market momentum, making this price range a key area to watch for potential shifts in trend.

Bitcoin's price context as of Oct 02, 2026 18:31 WIB shows a broad market with 36 of 50 major cryptocurrencies rising and 13 falling on Pluang. Notable movers include ENJ (Enjin Coin) at Rp565 with a 7.74% increase and 100% buy order activity, BAT (Basic Attention Token) at Rp1.699 with a 6.69% rise and 86% buy orders, and COTI at Rp251 with a 4.81% gain but 83% sell orders. The most notable figure is ENJ's 7.74% price increase.

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