Monday, 28 September 2026

Bitcoin Holds Slightly Above the May High

In this video Benjamin talks about: Bitcoin Holds Slightly Above the May High. Video by Benjamin Cowen.

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Bitcoin trades near $83,228 (€73,110) on September 28, 2026, slipping about 1.22% in early trading sessions from highs above $85,000. Visit Trading Platform >>



Insights

-Cooling Inflows: Profit-taking following BTC's recent test near $87,000 and slowing ETF momentum have capped immediate upside.

-Whale Accumulation: Mid-tier whales (wallets holding 100 to 1,000 BTC) accumulated over $9.6 billion over a 10-week stretch leading into late September.

-Gold Ratio: The Bitcoin-gold correlation recently reached a 6-year high as traders evaluate relative strength.

-Geopolitics: Uncertainty surrounding the US-Iran conflict is weighing on risk assets and driving safe-haven caution.

-Energy & Dollar: Brent crude moved above $106, while the US Dollar Index climbed to 101.15, increasing near-term inflation anxiety.

-Interest Rates: Elevated Treasury yields mean markets now price in a 68% probability of an October Federal Reserve rate hike

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