Bitcoin nears green September close as bulls eye October breakout
- —Bitcoin near $84,000, up over 6.5% in September versus an average historical loss of 2.4%
- —Futures open interest fell from over 700,000 BTC on Sept 21 to 644,000 BTC on Sept 29
- —US spot Bitcoin ETFs drew $3.08 billion over nine sessions, but buying slowed to 1.8x daily issuance
- —About 1.39 million BTC has a cost basis between $84,000 and $86,500, capping upside
Why it matters: A monthly close above $83,500 would preserve September's gains, but a push toward $87,722 and $95,000 hinges on spot demand rather than leverage.
Source: Crypto Briefing