Markets· ★★★★· bearish·

Bitcoin's $87,000 rally flips from short squeeze to long-side risk

  • —Apparent spot demand fell by roughly 170,000 BTC over 30 days
  • —US spot Bitcoin ETF inflows dropped 97% to $31 million by Sept. 28
  • —Futures demand growth cooled to 16,000 BTC from 164,000 BTC
  • —Holders realized profits on 25,700 BTC on Sept. 22, the 2026 high
Why it matters: Weakening spot demand and crowded longs make $80,000 the key test: losing it could trigger a cascade of forced liquidations.
#BTC
Source: CryptoSlate
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