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Bitcoin consolidates around US$78,200, ETF funds continue to flow in, profit-taking risks rise

2026-09-10 21:23:46
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Bitcoin is consolidating around US$78,200, and ETF funds continue to flow in but the risk of profit-taking increases.

On September 10, 2026, Bitcoin's closing price is close to US$78,200. Although buyers continued to hold on to support, they failed to push prices beyond the stubborn resistance range of $80,000 to $82,000. Despite a strong rebound earlier this year, the asset's price remains below the key ceiling.

Stagnation below key resistance

Bitcoin has embarked on a sharp recovery after falling to the $60,000 region a few months ago. Prices climbed again above $67,000 and recovered the range of $72,000 to $74,000 before stabilizing below the next major resistance band.

Current short-term support is between US$77,600 and US$77,900. Any continued decline below $77,000 could add bearish momentum and expose the market to the risk of further declines.

On-chain analysis shows that more than 71% of the current Bitcoin circulation supply is generating unrealized profits. This level is almost consistent with the historical average of 74.7%, indicating that most holders have significant gains on paper.

During the May consolidation above $82,500, about 67% of supply was profitable, and this proportion is now over 71%. This increase means that if Bitcoin retests or breaks past recent highs, the risk of profit-taking will increase.

Dynamic game between ETF inflows and profit-taking

Trading activity in the U.S. spot Bitcoin ETF this month has been eye-catching. Although the market has experienced volatility-including a net inflow of $730.9 million on September 3 and a net outflow of $46.6 million on September 8-net inflows have reached approximately $723.5 million in the first five trading days of September.

Although selling pressure continues and prices are close to resistance, these strong flows of funds into ETFs provide support for Bitcoin's price movement.

At the same time, technical analysis points to the value of using a unified real-time monitoring tool under volatile conditions, as decisions by a single central bank or sudden listings of altcoins may quickly change market dynamics. Many traders now embrace privacy-first tools that provide real-time charts, customized price alerts, asset-specific news, and key macroeconomic data on one platform. This approach allows users to efficiently manage their portfolios and track markets without having to open multiple apps or create accounts.

As selling pressure eases, the trend on the chain has shifted

According to Glassnode's September 9 report, Bitcoin's seller risk ratio has dropped to 7 basis points per day in recent days, down from its August peak of 16 basis points. The indicator shows that current selling pressure has eased compared to high activity a month ago.

Long-term holders 'contribution to realized profits decreased, accounting for 47% of such transactions, down from 88% in August. About 1.07 million BTC units were purchased between US$83,000 and US$86,000, mainly by long-term market participants, and this supply block has remained relatively stable over the past month.

Cumulative Volume Delta data for spot highlights that as of September 8, exchanges were still selling more than buying-even if profit-taking eased, this continued selling pressure continued to affect price trends.

Market Outlook: Key Events ahead

The broader financial markets are also closely watching developments outside the cryptocurrency space. Brent crude traded above $100 a barrel as oil prices soared as tensions between the United States and Iran increased. The yen's appreciation on the eve of the Bank of Japan's monetary policy meeting on September 16 before the next meeting of the U.S. Federal Reserve has raised concerns about the impact of the yen-funded carry trade.

Traders are waiting for the release of August consumer price index (CPI) data on September 11, and the market expects headline inflation to be close to 3.4%. The Fed's next rate-setting meeting is scheduled for September 16, adding another important event to the calendar that could trigger further volatility in risky assets.

Disclaimer:

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