From September 21 to 22, on-screen price action, $BTC briefly touched an intraday high of about $87.4k, with a 24-hour gain of roughly 5.6%, and moved above the $86k area, reaching the highest level in the range since January of this year. Over the same period, $ETH broke through about $2,800 during the day and is currently around $2,750.

In terms of lagging followers, XRP rose by about 8% and moved above roughly $1.52, DOGE climbed about 13%, and BNB also briefly traded above about $800. Multiple market-watch summaries indicate that this round of acceleration came alongside large-scale short liquidations: the total liquidation figure across the market was roughly in the $650 million to $1 billion range, with short positions still accounting for a high share. Margin deleveraging and spot buy-side support are forming a positive feedback loop.

In the U.S., spot Bitcoin ETFs saw net inflows on the prior trading day on the order of several hundred million dollars, which provided emotional support. After prices broke through the $86k to $87k range, the market’s next key target is largely pointing to around $90k; however, liquidation-driven moves tend to be volatile, and if spot absorption is insufficient, pullbacks from the highs are also common.

Whether prices can hold depends on subsequent spot trading, ETF flows, and the broader macro tempo. One should not treat a single day of short liquidations as proof that a trend has been set.

#BTC #ETH #行情 does not constitute investment advice