Test

Velo

Bitcoin

<h2 id="b-tldr-b">TLDR:</h2>
<ul>
 <li style="font-weight: 400">Bitcoin is up about 2.2% in September, putting it on track for a third straight monthly gain if held.</li>
 <li style="font-weight: 400">BTC faces roughly $100M in sell orders near $83K, while Glassnode flags a broader $83K-$86K supply zone.</li>
 <li style="font-weight: 400">About 1.07M BTC were acquired in the $83K-$86K band, with the heaviest cost basis clustered near $85K.</li>
 <li style="font-weight: 400">Bitcoin has rebounded about 40% from its July low near $57,700 after recovering above $80,000 this week.</li>
</ul>
Bitcoin is moving through late September with a monthly performance that contrasts sharply with its historically weak record for the period. BTC traded near $80,350 on Sunday after closing around $81,236 on September 19.
The CoinGlass chart shared by Crypto Rover shows July up 7.36%, August gaining 24.95%, and September still about 2.2% higher. If that monthly gain holds, the asset would post three consecutive green months.
<img src="https://blockonomi.com/wp-content/uploads/2026/09/clipboard-image-1789907848.webp" alt="" width="2038" height="1300">
Source: <a href="https://x.com/cryptorover/status/2101592952355053792?s=20" rel="noopener noreferrer nofollow">X</a>
That sequence matters as September has traditionally been one of <a href="https://blockonomi.com/bitcoins-dead-market-signal-returns-as-bottom-indicators-converge/" rel="noopener noreferrer nofollow">Bitcoin’s weaker months</a>. Since 2013, the market has fallen in eight of 13 Septembers, averaging a loss near 2.9%. However, every September since 2023 has ended higher, giving the current month a different statistical backdrop.
<h2 id="b-bitcoin-defies-september-weakness-as-83k-sell-wall-builds-b">Bitcoin Defies September Weakness as $83K Sell Wall Builds</h2>
The stronger seasonal showing has not removed the immediate technical obstacle. Trader Ted Pillows shared an order-book snapshot showing roughly $100 million in <a href="https://blockonomi.com/bitcoin-btc-price-breaks-81000-as-short-sellers-get-liquidated/" rel="noopener noreferrer nofollow">BTC sell</a> orders above the current price.
<div class="embed-x">
 <blockquote class="twitter-tweet">
 $100,000,000 in <a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> sell orders sitting between Bitcoin and its first higher high. <a href="https://t.co/M9x2LGXFVT" rel="noopener noreferrer nofollow">pic.twitter.com/M9x2LGXFVT</a>
 — Ted (@TedPillows) <a href="https://x.com/TedPillows/status/2101351831221710920?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">September 19, 2026</a>
 </blockquote>
</div>
Those orders sit between spot levels and what Pillows described as the market’s first higher high. Because order-book positions can be canceled or moved, the snapshot does not guarantee resistance.
Still, separate on-chain data place a major supply zone in nearly the same area. Glassnode identified resistance between $83,000 and $86,000, where about 1.07 million BTC were acquired by long-term holders.
<img src="https://blockonomi.com/wp-content/uploads/2026/09/clipboard-image-1789907842.webp" alt="" width="1000" height="563">
Source: <a href="https://research.glassnode.com/the-week-onchain-week-36-2026/" rel="noopener noreferrer nofollow">Glassnode</a>
The heaviest cost-basis concentration sits near $85,000, increasing the importance of that band. Bitcoin previously reached $82,283 on September 3 before sellers pushed the market lower again.
The latest recovery also followed two sharp market shocks. BTC fell near $75,900 after the Senate failed to advance the <a href="https://coincentral.com/cftc-submits-crypto-market-rules-to-white-house-after-senate-fails-to-pass-clarity-act/" rel="noopener noreferrer nofollow">CLARITY Act</a> on September 15. The Federal Reserve then raised rates by 25 basis points. Even after that move, Bitcoin recovered above $80,000 by September 18.
<h2 id="b-83k-86k-supply-zone-becomes-the-next-market-test-b">$83K-$86K Supply Zone Becomes the Next Market Test</h2>
The recovery has also appeared across major trading sessions rather than within one regional window. A Velo chart shared by Pillows showed positive cumulative returns across <a href="https://moneycheck.com/european-markets-decline-as-oil-surges-above-90-amid-u-s-iran-conflict-and-ecb-decision-ahead/" rel="noopener noreferrer nofollow">U.S., European</a>, and Asia-Pacific hours.
<img src="https://blockonomi.com/wp-content/uploads/2026/09/clipboard-image-1789907911.webp" alt="" width="2400" height="1256">
Source: <a href="https://x.com/TedPillows/status/2101616356760178824?s=20" rel="noopener noreferrer nofollow">X</a>
According to the chart, Europe generated the strongest gains between September 14 and September 20. However, session returns reflect price performance and do not directly measure net <a href="https://parameter.io/strategy-mstr-stock-surges-4-4-as-ceo-confirms-plans-to-resume-bitcoin-purchases/" rel="noopener noreferrer nofollow">Bitcoin purchases</a>.
Ash Crypto also <a href="https://x.com/AshCrypto/status/2101405660185268424?s=20" rel="noopener noreferrer nofollow">highlighted</a> a BTC-to-Nasdaq ratio showing Bitcoin roughly 42% above its marked 2026 relative-performance bottom. Separately, the asset has recovered about 40% from its July low near $57,700.
That recovery leaves price closer to September’s peak than to the post-vote low. As September nears completion, the monthly streak and seasonal record remain notable. Yet the clearest market test sits higher, where the $83,000-$86,000 supply zone overlaps visible sell-side liquidity.
The post <a href="https://blockonomi.com/bitcoin-defies-september-curse-as-100m-sell-wall-looms-at-83k/" rel="noopener noreferrer nofollow">Bitcoin Defies September Curse as $100M Sell Wall Looms at $83K</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.

Bitcoin Defies September Curse as $100M Sell Wall Looms at $83K

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