Bitcoin’s market is showing multiple fatigue signals, with on-chain traders’ unrealized profit margin rising to 33%, the highest since December 2024—levels that have historically coincided with selling and downside pressure, according to CryptoQuant. Profit-taking has begun, with 25,700 BTC realized in profits on September 22nd, the largest single-day total of 2026. Demand is also cooling, as apparent spot demand shrank by 170,000 BTC over the past 30 days and futures demand growth slowed from 164,000 BTC on September 14th to 16,000 BTC currently. Key support levels cited include the 365-day moving average near $80,000, the 200-day moving average around $71,000 and traders’ realized price at $67,000.

Data tracking shows daily large XRP outflows from major exchanges—transactions exceeding 1 million XRP—surged to more than 320 million XRP, the highest level on record. Binance led the outflows, while Coinbase, Upbit, Bitget and Bybit also saw heavy outflows. Analysts noted that a similar spike occurred in August, after which XRP rose from $1.05 to $1.50.

Bitcoin briefly broke above $85,000 as Ether rallied sharply, triggering $60 million in short liquidations within 15 minutes. The move followed U.S. GDP coming in well above expectations at 2.2%. Core PCE inflation also fell to a six-month low, a combination of data that supported risk-asset buying.

Bitcoin posted its highest daily close since January at $86,607, supported by $2.38 billion in ETF inflows. The weekly inflow total was the largest since October 2025. The figures were published in Bitfinex Alpha’s Issue 224 market weekly, according to the report.

Ethereum (ETH) short positions on Bitfinex surged over the past two weeks, rising from around 771 ETH to more than 101,000 ETH, an increase of roughly 13,000%. The figures point to a heavy concentration of bearish positioning, with many traders betting on an ETH decline. Such an extreme build-up in shorts could become potential fuel for a short squeeze if $ETH moves higher.

U.S. spot Bitcoin ETFs recorded about $2.49 billion of net inflows over four consecutive sessions in late September, lifting the broader crypto market. XRP and SOL led the advance, with short covering amplifying the Sept. 21 breakout. By contrast, BNB rose less, while higher U.S. Treasury yields pulled BTC back from its early-week high. The market reflected a rotation into altcoins alongside ongoing macro pressure.

BTC fell 2.48% to USD 84,179 as long liquidations reached USD 130.36M; USD 85,056 is the daily-close recovery trigger.

BSV gained 23.74% in 24 hours as turnover reached USD 53.54 million. Daily momentum is extended, with USD 25.52 the next confirmation level.