$BTC $BTR $ETC
Bitcoin surged higher then fell back—did the 87,000 level fail to hold? Don’t just watch the excitement this time 😱
Family, here comes Bitcoin’s roller coaster again 🎢. A few days ago it charged up hard: on September 21 it rose more than 6% in a single day. On September 22 it briefly touched a high of $87.3k, setting a new high since January 2026. But on September 23 it pulled back again, trading around $85.6k, down 0.86% on the day. Ethereum, Binance Coin, and Dogecoin mostly swung with it too—Dogecoin fell 2.68%.
Why the sudden hype? Plainly: oil prices fell and tech stocks strengthened, so risk appetite returned to the market. Also, the U.S. spot Bitcoin ETFs saw net inflows of about $999 million on September 21—money flowed back. On top of that, short sellers were heavily liquidated and their forced buying pushed prices up 🚀. However, the procedural vote on the September 16 “CLEAR Act” failed to reach the 60-vote threshold, and the Federal Reserve raised rates by 25 bps the next day—uncertainty hasn’t really gone away.
What’s even more intense is liquidation 💥. On September 21 alone, the total amount of Bitcoin liquidations across the entire network exceeded 10 billion yuan; in the most recent 24 hours, 91,443 people globally were liquidated, with a total value of $292 million—about 1.959 billion yuan RMB. Real money, not a joke ⚠️.
Jia Ning Yu’s view is also very straightforward: in the short to medium term, there may be a phase of recovery, but in the long run it is highly likely to remain a wide-range, choppy consolidation. A rise doesn’t mean risk is smaller. The People’s Bank of China also reiterated clearly: virtual currencies do not have the status of legal tender, and any related business activities within China are illegal financial activities—everything is banned.
So don’t get carried away just because it’s pumping 🙅. Digital assets are volatile and the mechanisms are complex; if ordinary people blindly rush in, the consequences could be serious. Watch the excitement, but don’t move your wallet.#比特币突破8.7万美元创八个月新高 #纳指创历史新高
Bitcoin surged higher then fell back—did the 87,000 level fail to hold? Don’t just watch the excitement this time 😱
Family, here comes Bitcoin’s roller coaster again 🎢. A few days ago it charged up hard: on September 21 it rose more than 6% in a single day. On September 22 it briefly touched a high of $87.3k, setting a new high since January 2026. But on September 23 it pulled back again, trading around $85.6k, down 0.86% on the day. Ethereum, Binance Coin, and Dogecoin mostly swung with it too—Dogecoin fell 2.68%.
Why the sudden hype? Plainly: oil prices fell and tech stocks strengthened, so risk appetite returned to the market. Also, the U.S. spot Bitcoin ETFs saw net inflows of about $999 million on September 21—money flowed back. On top of that, short sellers were heavily liquidated and their forced buying pushed prices up 🚀. However, the procedural vote on the September 16 “CLEAR Act” failed to reach the 60-vote threshold, and the Federal Reserve raised rates by 25 bps the next day—uncertainty hasn’t really gone away.
What’s even more intense is liquidation 💥. On September 21 alone, the total amount of Bitcoin liquidations across the entire network exceeded 10 billion yuan; in the most recent 24 hours, 91,443 people globally were liquidated, with a total value of $292 million—about 1.959 billion yuan RMB. Real money, not a joke ⚠️.
Jia Ning Yu’s view is also very straightforward: in the short to medium term, there may be a phase of recovery, but in the long run it is highly likely to remain a wide-range, choppy consolidation. A rise doesn’t mean risk is smaller. The People’s Bank of China also reiterated clearly: virtual currencies do not have the status of legal tender, and any related business activities within China are illegal financial activities—everything is banned.
So don’t get carried away just because it’s pumping 🙅. Digital assets are volatile and the mechanisms are complex; if ordinary people blindly rush in, the consequences could be serious. Watch the excitement, but don’t move your wallet.#比特币突破8.7万美元创八个月新高 #纳指创历史新高
