Crypto
Bitcoin Defies History with Strong September Gains Amid $100M Sell Wall
Bitcoin's monthly performance has defied its historically weak record for September, but a significant technical obstacle remains. The asset is up about 2.2% in September, putting it on track for a third straight monthly gain if held.
The $100M sell wall at $83K looms large, with Glassnode flagging a broader supply zone between $83K-$86K where roughly $1.07 million BTC were acquired by long-term holders.
About 40% of the recovery from July's low near $57,700 has been made, and Bitcoin has rebounded above $80,000 this week.