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A $107M Bitcoin long position at $78K signals strong bullish confidence as BTC trades above $80K.

Technical Signals
18 Sep 2026
Crypto Briefing
View Source
Bullish
A $107M Bitcoin long position at $78K signals strong bullish confidence as BTC trades above $80K.

Crypto whale Garrett Jin placed a massive $107 million long bet on Bitcoin at an average price of $78,057, marking the largest cluster of net long positions at that level. Bitcoin's price quickly rose above $80,000, validating Jin's bullish conviction and creating a key support zone at $78K. This position highlights strong market confidence, with 96% of long bets currently profitable, suggesting patience among holders and limited selling pressure. The $78K level will be crucial to watch as a test of the rally's structural strength.

The largest cluster of net long Bitcoin positions entered at an average price of $78,057, marking a significant level of market interest. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 18, 2026 21:36 WIB: out of 50 priced major cryptocurrencies tradable on Pluang, 46 rose and 3 fell today. Notable gainers include AAVE at Rp2.441.434 (+8.55%), NEO at Rp40.959 (+8.45%), and EOS at Rp12.649 (+8.13%).

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