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Bitcoin price rebounds above $85K after smaller holders reduce exposure amid market shakeout

Market News
21 Sep 2026
Blockonomi
View Source
Bullish
Bitcoin price rebounds above $85K after smaller holders reduce exposure amid market shakeout

Bitcoin price climbed above $85,000 following a period where smaller holders reduced their Bitcoin exposure during the July-August market decline. Data showed over 62,000 wallets holding 0.1 to 1 BTC and more than 7,000 wallets holding 1 to 10 BTC disappeared, indicating capitulation among smaller retail investors rather than new buying. This reduction in smaller-holder supply helped set the stage for Bitcoin's recovery, which included a short squeeze liquidating about $648 million in bearish positions. As Bitcoin approaches the $88,000 to $92,000 resistance zone, traders are closely watching options leverage and funding rates, which currently suggest a cautious but steady market without excessive speculative risk. A sustained move above this range could lead to a push toward $100,000 later this year, depending on continued demand and market stability.

Bitcoin price movement is the subject, with Pluang market data providing context. For readers following cryptocurrency markets, here is Pluang's snapshot as of Sep 22, 2026 00:52 WIB: out of 50 major cryptocurrencies, 40 rose and 9 fell. Notable movers include SXP down 46.27%, XNO up 41.30% with 85% sell order activity, and EGLD up 12.26% with 71% buy order activity.

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