Bitcoin Spot volume climbed in September – It’s not enough for BTC’s $90K dreams

More importantly, higher trading volume has not yet translated into the stronger demand needed to sustain Bitcoin’s long-term upside. As such, if Bitcoin’s Spot activity continues to accelerate, it should create a better foundation for potential long-term success.

Until then, the recent recovery is fragile, and therefore additional demand would likely need to enter the markets before prices move towards new highs.

Bitcoin faces a key liquidity test

As Spot activity recovers, Bitcoin’s next move will also depend on how leveraged positions react to the price action movements. In fact, of these positions, the largest cluster sits near $90,000.

In this zone, forced short closures could turn a steady advance into a faster squeeze.

As a result, that makes the level more than simple resistance, as liquidations could add buying pressure once the price reaches it. However, there are other risks involved at lower price levels, including small clusters at $83,000 and $75,000.

If the price drops below these levels, aggressive closing of leveraged long positions may occur, adding additional selling pressure to the market.

Therefore, Bitcoin now faces liquidation-driven acceleration on either side. A break toward $90,000 could amplify gains, while losing $83,000 could quickly deepen the downside from here.