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Bitcoin jumps $2,000 to reclaim $78,000 after $66M shorts liquidated

Market News
18 Sep 2026, 13:35 WIB
Crypto Briefing
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Bullish
Bitcoin jumps $2,000 to reclaim $78,000 after $66M shorts liquidated

Bitcoin surged about $2,000 from lows near $76,300 back above $78,000 due to a wave of forced liquidations of short positions totaling around $66 million. This rebound followed a Federal Reserve interest rate hike that initially pushed Bitcoin below $76,000. The move was driven mainly by short covering rather than new buying interest, making its sustainability uncertain. Holding above $78,000 could boost broader crypto market sentiment, while a drop might weigh on altcoins.

Following Bitcoin's recent surge triggered by short liquidations, on Pluang BTC trades at Rp1.389.706.631 as of Sep 18, 2026 17:54 WIB, marking a 2.47% gain in the last day. The market shows strong buying interest with 70% of order activity on Pluang being buys, and Bitcoin's circulating supply stands at 20.1 million out of a total 21 million BTC. Typical holding time among Pluang users is 109 days, indicating a moderate-term investment horizon.

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