On this day one year ago, Bitcoin hit an all-time high of $126,080. Exactly 365 days later, it’s down to just $85,576 🦖
🔭 进群看资金去哪
On this birthday, Bitcoin made its third run at $87,000—and got knocked right back down. It fell 1.2% in 24 hours, closing near $85,600 📉
This is the third time since September 23 that Bitcoin has been rejected at the $87,000 threshold. Every time it pushes higher, a wave of sell orders comes in and sends it back down.
The hard data is right here: the total crypto market cap has slipped to around $2.93 trillion, just shy of the $2.95 trillion resistance level. The 10-year Treasury yield has climbed to 5.32%, its highest level since 2002, while the 2-year yield is up to 4.83%. Bridgewater’s Ray Dalio has publicly warned that demand for U.S. Treasuries could shrink as major overseas buyers pull back. Meanwhile, the Nasdaq 100 has hit a new closing high, and the S&P 500 is just 0.5% away from its all-time high. Clearly, investors would rather keep their money in stocks.
FxPro analyst Alex Kuptsikevich put it this way: Bitcoin has reached the apex of a triangle formed by rising support and horizontal resistance. If it breaks out, volatility could increase significantly ⚠️
My take: this wall isn’t magic—it’s about positioning. Every time Bitcoin touches $87,000, sell orders come pouring in, which suggests a crowd of people at that price waiting to break even or take profits. As the triangle narrows toward its apex, the next move is either a high-volume breakout or a drop to find support. No one can know the direction in advance. What really matters isn’t whether Bitcoin can touch $87K, but whether spot buyers can hold it there and push the close above $87,000. If it does close above that level, it’ll be the highest price in eight months 📈
On the altcoin side, ADA is up 11%, GRT 7%, NEAR nearly 7%, and HYPE 3% to $94, while BNB is down 2.5%. With the majors taking a breather, money is looking for opportunities in smaller coins. But the bigger picture is that Bitcoin is still 32% below last year’s peak of $126K.
Do you think this is the final shakeout before a breakout, or has the rally really run out of steam? Let’s discuss in the comments.
Tap the profile picture to watch the livestream.
Every day, I’ll keep you up to date on the latest Bitcoin stories—not just what’s happening, but the logic and opportunities behind it 👀🚀
🔭 进群看资金去哪
On this birthday, Bitcoin made its third run at $87,000—and got knocked right back down. It fell 1.2% in 24 hours, closing near $85,600 📉
This is the third time since September 23 that Bitcoin has been rejected at the $87,000 threshold. Every time it pushes higher, a wave of sell orders comes in and sends it back down.
The hard data is right here: the total crypto market cap has slipped to around $2.93 trillion, just shy of the $2.95 trillion resistance level. The 10-year Treasury yield has climbed to 5.32%, its highest level since 2002, while the 2-year yield is up to 4.83%. Bridgewater’s Ray Dalio has publicly warned that demand for U.S. Treasuries could shrink as major overseas buyers pull back. Meanwhile, the Nasdaq 100 has hit a new closing high, and the S&P 500 is just 0.5% away from its all-time high. Clearly, investors would rather keep their money in stocks.
FxPro analyst Alex Kuptsikevich put it this way: Bitcoin has reached the apex of a triangle formed by rising support and horizontal resistance. If it breaks out, volatility could increase significantly ⚠️
My take: this wall isn’t magic—it’s about positioning. Every time Bitcoin touches $87,000, sell orders come pouring in, which suggests a crowd of people at that price waiting to break even or take profits. As the triangle narrows toward its apex, the next move is either a high-volume breakout or a drop to find support. No one can know the direction in advance. What really matters isn’t whether Bitcoin can touch $87K, but whether spot buyers can hold it there and push the close above $87,000. If it does close above that level, it’ll be the highest price in eight months 📈
On the altcoin side, ADA is up 11%, GRT 7%, NEAR nearly 7%, and HYPE 3% to $94, while BNB is down 2.5%. With the majors taking a breather, money is looking for opportunities in smaller coins. But the bigger picture is that Bitcoin is still 32% below last year’s peak of $126K.
Do you think this is the final shakeout before a breakout, or has the rally really run out of steam? Let’s discuss in the comments.
Tap the profile picture to watch the livestream.
Every day, I’ll keep you up to date on the latest Bitcoin stories—not just what’s happening, but the logic and opportunities behind it 👀🚀
