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Bitcoin price jumps above $85K fueled by ETF inflows and short liquidations, eyeing $88K next.

Market News
21 Sep 2026
Dailycoin
View Source
Bullish
Bitcoin price jumps above $85K fueled by ETF inflows and short liquidations, eyeing $88K next.

Bitcoin surged past $85,400, its highest since January 2026, driven by renewed U.S. spot Bitcoin ETF inflows and massive short liquidations totaling over $664 million. The rally pushed Bitcoin's market cap to $1.71 trillion and lifted the broader crypto market by 4.7%. Despite recent setbacks like the failed Clarity Act and a Fed rate hike, Bitcoin's recovery is strong, with major buyers like Strategy Inc. adding to holdings. Traders now watch if Bitcoin can extend gains toward $88,000 amid mixed liquidity signals.

On Pluang, Bitcoin trades at Rp1.518.840.200 as of Sep 21, 2026 21:02 WIB, showing a strong 1-day gain of 6.70%. The market cap on Pluang stands at Rp30.637,55 trillion, reflecting significant investor interest. Despite a majority of sell orders at 77%, Bitcoin's typical hold time is 110 days, indicating long-term confidence among many traders.

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