Bitcoin extends rally past $87,000 to a new high, momentum indicators flash overbought

Bitcoin pushed above $87,000 on September 22, a new high, extending a rally that carried it past $86,000, $85,000 and $84,000 in prior days. US spot bitcoin ETFs took in $999 million net on September 21, led by BlackRock's IBIT at $381 million, turning weekly flows positive; more than $180 million in crypto shorts were liquidated in an hour as the move extended. Momentum indicators now show overbought conditions.

Detected & updated continuously · Source: Nebula