Bitcoin has rebounded to an eight-month high around $87k, sparking bullish sentiment and some calls for a $100k price by October. However, historical data from Glassnode shows Bitcoin is only about 30% below its cycle high, much shallower than past bear market drawdowns of over 80%. This suggests the current correction may not be the final bottom, with a potential cycle low possibly still 90 days away. Meanwhile, large holders are accumulating Bitcoin rapidly, indicating confidence in a Q4 rally. The market faces macroeconomic risks like rising Treasury yields and geopolitical tensions, which could pressure Bitcoin further. Overall, Bitcoin’s technical recovery is strong but the bottom may not be fully in yet, with a possible mid-Q4 low followed by a year-end rally if conditions improve.
As of Sep 24, 2026 15:21 WIB, Bitcoin trades on Pluang at Rp1.506.372.562 with a 1-day change of -1.81%. Despite the recent rebound discussed in the article, Pluang data shows a slight pullback today, with market participants almost evenly split between selling and buying at 51% and 49% respectively. The typical hold time for Bitcoin on Pluang is 110 days, indicating moderate-term investor interest.
The US 10-year Treasury yield rose to 5.11%, its highest since 2007, coinciding with a decline in Bitcoin prices. This rise signals a shift towards a risk-off market environment, where investors move away from high-risk assets like Bitcoin due to tig...
XRP fell between 9.3% and 9.7% within 24 hours on September 24, 2026, trading near $1.49, which is significantly more than the broader market's 3.8% drop in Bitcoin. Despite the sharp daily decline, XRP remains up about 14.8% over the past week but i...
Bitcoin dropped more than 2%, settling near $83,900, as U.S. Treasury yields hit their highest since 2007, with the 10-year yield reaching 5.11%. Dogecoin and other cryptocurrencies also saw significant declines, pressured by rising borrowing costs a...
Bitcoin traded near $84,000 after pulling back from a recent high of $87,000, facing resistance around $86,700. Large holders with 100–1,000 BTC wallets have accumulated nearly 114,000 BTC since mid-July, signaling strong interest from significant in...
Ethereum Classic (ETC) fell 11.16% from $9.68 to $8.60 in one day during a broader crypto market pullback, while Bitcoin and Ether also declined. Despite the drop, ETC's longer-term bullish trend remains intact after a recent 36.5% rally, supported b...
