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Four of five largest cryptos hit 3-month highs amid $648M short squeeze on Sept 21, 2026

Market News
21 Sep 2026
CryptoTicker
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Bullish
Four of five largest cryptos hit 3-month highs amid $648M short squeeze on Sept 21, 2026

On September 21, 2026, four of the five largest cryptocurrencies—Bitcoin, Ethereum, Solana, and BNB—traded above every price level reached in the past 90 days, signaling a broad market rally. This surge was driven primarily by a forced short squeeze that liquidated $648 million in short positions within 24 hours, pushing prices higher. XRP, while posting the strongest 24-hour gain among the group, remains below its August peak and has yet to confirm a new three-month high. Investors are advised to verify highs using hourly price data rather than daily closes, as some apparent highs do not hold throughout the day. The rally's sustainability will depend on whether open interest remains stable or declines during any price pullbacks.

Following the market rally that lifted four of the Big Five cryptocurrencies to three-month highs, Bitcoin leads with a price of Rp1.546.686.474 and an 8.05% gain on Pluang as of September 22, 2026, 04:42 WIB. Ethereum and Solana also show strong gains, with ETH at Rp49.398.669 (+6.38%) and SOL at Rp2.130.851 (+9.55%). XRP, despite the highest 24-hour increase, trades at Rp27.444 with a 10.43% rise, reflecting strong buying interest but still below its recent peak on Pluang.

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