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Bitcoin jumps 47% but holders show little profit-taking, signaling strong confidence.

Market News
22 Sep 2026
UToday
View Source
Bullish
Bitcoin jumps 47% but holders show little profit-taking, signaling strong confidence.

Bitcoin surged 47% from its July low, yet holders are reluctant to sell, as shown by the adjusted Spent Output Profit Ratio (aSOPR) near 1.01, indicating minimal profit-taking. This contrasts with August's breakout when aSOPR was higher, suggesting current holders are holding on despite significant gains. Bitcoin's price recently surpassed $86,000, its highest since January, and closed above its 50-week moving average for the first time in 45 weeks, marking a key technical milestone. The market will watch if holders continue to hold as prices rise further, which could fuel more bullish momentum.

Bitcoin is currently priced at Rp1.543.272.172 on Pluang, showing a modest 0.87% increase in the last day as of Sep 22, 2026 23:34 WIB. Despite the recent price jump, Pluang data shows a higher sell order activity at 65%, indicating some holders are choosing to take profits. The typical hold time on Pluang is 110 days, suggesting many investors maintain a medium-term perspective even amid price gains.

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