Bitcoin shows cooling momentum with 25,700 BTC in short-term profit-taking on September 22; support levels at $80,000 (365-day MA) and $71,000 (200-day MA) at risk.
Macro & Markets ·
Bitcoin short-term holders realized 25,700 BTC in profits on September 22, marking the largest single-day realized gain in 2026, as on-chain data signals weakening momentum despite the asset remaining above its 365-day moving average. Spot market demand has declined by roughly 170,000 BTC over 30 days while futures speculative activity fell sharply from 164,000 BTC to 16,000 BTC in recent weeks, indicating reduced buying interest. Key support levels sit at $80,000 near the 365-day moving average and $71,000 near the 200-day moving average, with deeper losses possible if demand weakness persists alongside continued profit-taking.