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Bitcoin faces $86,000 resistance, whales wait for CPI report

2026-09-10 18:24:24
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Bitcoin whale's positions are stable, waiting for key U.S. economic data

Currently, Bitcoin whale's positions remain around 5.23 million BTC, indicating that large holders are waiting for the upcoming release of U.S. economic data. Glassnode pointed out that $83,000 to $86,000 is the key resistance range, with a total of 1.07 million BTC changing hands within this range.

Bitcoin's seven-day "Sell-Side Risk Ratio" has dropped to seven basis points per day, down from 16 basis points during the August period. As giant whale positions remain stable, Bitcoin faces resistance in the $83,000 range to $86,000 range. Analyst Ali Charts said there was little change in the positions of large holders over the past week. Glassnode also set resistance in the same range, while traders awaited the August Consumer Price Index report and the September 16 Federal Open Market Committee decision.


The giant whale's positions are stable and ready to go.

According to analyst Ali Charts, the Bitcoin giant whale's position remains basically at around 5.23 million BTC. He pointed out that large holders appear to be waiting to decide their next move. The current timing mainly revolves around two planned U.S. events: August CPI data will be released on September 11, 2026, followed by the Federal Reserve's FOMC resolution on September 16, 2026. During this period, Bitcoin has risen 23% in the past 21 trading days, while the S & P 500 and Nasdaq 100 remain flat. However, since January this year, Bitcoin has fallen by a cumulative 10%.


Three indicators point to resistance around $86,000

Glassnode points out that there are three independent indicators that point to resistance for Bitcoin between $83,000 and $86,000. The cost base, liquidation levels and break-even prices of ETFs for long-term holders are concentrated in this region. About 1.07 million BTC changed hands in the price range of $83,000 to $86,000, with the majority coming from long-term holders. The largest cost base group is around $85,000, while supply has increased in the $76,000 to $82,000 range.

The

futures clearing map also shows that there is a short clearing level between US$82,000 and US$86,000. Glassnode said that since the August 19 squeeze event, the clearing area has expanded by 21%.


Selling was weaker than August pace

Although resistance areas were tested, Bitcoin faced less selling pressure than during August. Glassnode's seven-day seller's risk ratio was seven basis points per day, which was down from 16 basis points during the August period.

Long-term holders achieved real profits of 47%, down from the August peak of 88%. The U.S. spot Bitcoin ETF portfolio is also still below its estimated break-even level of $86,000. The break-even point of corporate treasuries is about $80,500, slightly below current prices.

Glassnode also reported that the total market value of altcoins rose 21% in a month. However, in the past 90 days, the exchange rate of altcoin has fallen 0.9 percentage points against Bitcoin. At the same time, it has been 43 weeks and most Market Compass indicators have not exceeded 50%. The proportion of the latest cold signals has dropped from a peak of 82% in June to 2%.

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