- Bitcoin traded near $81,149 after the CPI sell-off broke $81,250 monthly support.
- CoinGlass showed $10.24 million in orders at $80,000 and $10.48 million at $78,000.
- September PPI is due October 15, with $86,074 as the hurdle to an $87,200 recovery.
Bitcoin’s CPI-driven slide broke the $81,250 monthly midpoint, putting a potential liquidity sweep below $80,000 and another bull trap in focus before PPI.
| Chart Price | Weekly Signal | Midpoint | Target |
| $81,149 | Bullish CRT failed. | $81,250 | $87,200 |
CPI Sell-Off Breaks Bitcoin’s Monthly Midpoint
CoinGlass showed Bitcoin near $81,149 after falling to $80,188, leaving it below the previous monthly midpoint at $81,250. This breakdown weakened the weekly bullish candle range theory setup, as buyers failed to defend the level supporting recovery expectations.
Consequently, former support became resistance. The sell-off followed September’s CPI report, which showed annual headline inflation rising to 3.7% from August’s 3.4%, alongside a 0.6% monthly increase.
Meanwhile, core inflation reached 2.6% annually and 0.3% monthly. Although gasoline accounted for over half the monthly headline increase, firmer underlying prices heightened concerns about further Federal Reserve tightening as Treasury yields climbed.
Orders Below $80,000 Sharpen the Sweep Question
Against this backdrop, CoinGlass displayed $10.24 million in orders at $80,000, $8.12 million at $78,900, and $10.48 million at $78,000. However, these concentrations indicate trading interest rather than guaranteed support or confirmed stop-loss liquidity.
Moreover, the snapshot does not identify who placed the orders, which can disappear before execution. Therefore, a decline below $80,000 alone would not confirm a reversal. Instead, a rapid recovery above that level, supported by sustained buying, would strengthen the liquidity sweep scenario.
A Failed Bounce Would Reinforce the Bull-Trap Risk
For recovery to gain momentum, Bitcoin must first reclaim $81,250 before challenging the $82,530–$83,026 resistance zone and the critical $86,074 threshold. However, rejection at these levels, followed by another break below $81,250, would strengthen the bull-trap scenario.
Conversely, sustained acceptance above $86,074 would support a recovery toward $87,200. Meanwhile, September PPI is scheduled for October 15 at 8:30 a.m. ET, with headline and core monthly increases forecast at 0.6% and 0.3%, respectively.
Softer inflation alongside easing Treasury yields could support buyers, while hotter data could renew selling pressure toward lower liquidity concentrations.
Levels That Decide the Next Expansion
| Level | Role |
| $87,200 | Conditional upside liquidity target |
| $86,074 | Main bullish confirmation |
| $82,530–$83,026 | Near-term resistance |
| $81,250 | Broken monthly midpoint |
| $80,000 / $78,900 / $78,000 | Lower displayed orders |
EXPANSION CASE
A brief decline below $80,000, followed by a strong recovery, would support the liquidity sweep scenario. Moreover, reclaiming $81,250 and breaking above $86,074 would strengthen the path toward $87,200.
FAILURE CASE
Conversely, rejection near $82,530–$83,026, followed by another break below $81,250, would reinforce the bull-trap scenario and expose lower liquidity concentrations.
BOTTOM LINE
In the meantime, neither scenario is confirmed. However, the PPI outcome and sustained acceptance above $86,074 remain critical to Bitcoin’s potential recovery toward $87,200.
FAQs
No. Bitcoin reached a low of $80,188, leaving the $80,000 liquidity concentration untouched.
The bullish CRT expectation weakened after Bitcoin broke the previous monthly midpoint at $81,250, which had served as critical support.
CoinGlass data showed displayed orders at $80,000, $78,900, and $78,000, bringing these levels into focus if selling pressure continues.
Bitcoin must first reclaim $81,250 and overcome nearby resistance before sustained acceptance above $86,074 strengthens the recovery toward $87,200.
September PPI is scheduled for October 15 at 8:30 a.m. ET, with headline and core monthly increases forecast at 0.6% and 0.3%, respectively.
Related: Ripple’s Standard Chartered, Privy, Meritz Deals Face Hot CPI as XRP Risks $1.30
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