Markets· ★★★· bullish·

21Shares: Bitcoin Defies Weak September With 6.2% Gain on Fundamentals

  • —Bitcoin ended September up 6.2%, its fourth straight positive September
  • —U.S. spot Bitcoin ETFs drew roughly $2.6 billion in September
  • —Three liquidation events above $500 million, yet funding rates normalized within 48 hours
  • —21Shares sees $81,000 as first support; a close above $88,000 would turn 2026 positive
Why it matters: The report argues the rally was carried by spot buyers rather than leverage, reducing the risk of a sharp reversal if macro conditions worsen.
Source: Crypto Economy