【Breakthrough Moment】

During Bitcoin’s intraday trading on September 18, it surged from around $76,400 to near $81,000 in one go, marking the first time since September 7 that it has reclaimed the $80,000 level. The immediate trigger for this sharp rally was a wave of short liquidations—forced covering—concentrated within roughly an hour. The liquidation amounts cited across multiple reports ranged between $183 million and $192 million (different sources use different calculation methods, and some reports mention higher or lower figures). In terms of liquidation volume completed within a single hour, it was close to the amount that had previously taken an entire trading day of volatility to accumulate. $BTC It once touched near $81,000, and then held above $80,000 for consolidation.

[Three events previously seen as bearish piled up together]

This rebound happened in the same week after three events that the market originally interpreted as relatively bearish: the CLARITY Act this week earlier stalled in the Senate, unable to clear the 60-vote threshold; the Fed raised rates by 25 basis points on September 16 to 3.75%–4.00%; and the Bank of Japan’s two-day meeting on September 17–18 also raised rates by 25 basis points to 1.25%, the highest level in 31 years. The vote result was 7 in favor and 2 against. After the decision, the Japanese yen initially weakened by about 0.8% to around 157. The market had expected that if the interest-rate differential narrowed, it would impact carry-trade positions funded in yen, but this time the reaction was calm. Multiple reports’ interpretation is that even after the hikes, Japanese rates are still far below those in the U.S., so there remains room in the carry-trade spread.$ETH 、$SOL rose in sync as well. Solana briefly broke above $37. At the same time, XRP and Dogecoin also rose more than 6%, indicating a broad rebound in overall risk appetite rather than a single asset bouncing on its own.

[How the market sees this breakout]

In a weekly market report published on September 18, the asset manager CoinShares described Bitcoin’s situation heading into year-end as being in a “difficult predicament.” Their view is that if inflation data doesn’t clearly improve, or if expectations for Fed monetary policy don’t materially shift, it won’t be easy for Bitcoin to truly hold above $80,000. Another pressure source cited in the report is that if the situation in Iran remains unresolved, oil prices’ inflationary pressure would leave the Fed with limited room to loosen policy; plus, the CLARITY Act being stalled also delays the timeline for clearer regulation. This is an analyst research viewpoint, not a guarantee of price predictions, but it reflects that there are indeed voices in the market suggesting the foundation of this rebound isn’t yet that solid.

[The next levels to watch]

Multiple reports mark the $82,300 line as the next technical level to watch. If price can hold above that level, it would be seen as a signal that the recent consolidation pattern has ended. Conversely, if the rebound lacks momentum, $80,000 itself could also turn back into an overhead resistance rather than support. Whether this level can be defended—together with the inflation data and Fed policy signals highlighted by CoinShares—is the two specific indicators to watch over the next few days to see whether this rebound can continue.

#BTCBreaks80K