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Bearish sentiment grows as Bitcoin weakens after brief surge above $80,000.

Market News
27 Sep 2026
Tokenpost
View Source
Bearish
Bearish sentiment grows as Bitcoin weakens after brief surge above $80,000.

Bitcoin briefly rose above $80,000 on September 20 but then traded sideways before market sentiment turned bearish on September 27. This bearish trend intensified on September 28 across both centralized and decentralized exchanges, as reflected by funding rates in perpetual futures markets dropping below the baseline. Funding rates, which indicate trader sentiment, fell below 0.005%, signaling dominant bearish positioning. This shift marks a reversal from the post-breakout consolidation phase to renewed weakness in Bitcoin's price outlook.

Bitcoin trades at Rp1.500.233.050 on Pluang as of September 28, 2026, 10:01 WIB, showing a 0.73% decline over the past day. Despite the bearish funding rates noted in the news, Pluang data reveals a strong buy interest with 73% of order activity favoring purchases. The typical hold time for Bitcoin on Pluang is 110 days, indicating a relatively patient investor base amid the recent market shifts.

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