Reviewed by Reviewed by Saman Waris Updated 18:00 EDT October 5, 2026 Share Share Share Back to Top Bitcoin’s Spot market is recovering from its drop-off in July. However, the overall recovery is minimal enough to confirm stronger demand. Binance led the recovery, with September volume reaching $50 billion from $42 billion in July
Bybit followed at $19 billion versus $14 billion. Meanwhile, Kraken doubled its figures from $4 billion to $8 billion. The data suggests that traders are returning as Bitcoin’s [BTC] price continues to regain momentum
However, the growth is being seen by most in a very minor way across all platforms
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
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
With liquidation zones poised for a potential sharp price move, Bitcoin’s price structure is showing where this pressure may be felt. After rebounding from the $84,000 level, Bitcoin was trading at nearly $86,248 at press time
Since breaking above the $82,561 area, Bitcoin has maintained a higher-low structure while continuously approaching the ceiling of $87,400
Sellers have several times pushed back on the resistance in the $87,400 region and therefore have been keeping Bitcoin tight within a range
However, each pullback found buyers at progressively higher levels and therefore preserved the bullish structure. The recovery again pushed toward resistance but was unable to secure a breakout
Therefore, a sustained move above the $87,400 level could open a path for a move upward towards $89,000 and strengthen the path for Bitcoin towards $90,000
Conversely, losing $84,000 would expose $82,561 as the next support
Muriuki Lazaro is a on-chain data analyst with a B.Sc. in Data Science. Muriuki specializes in dissecting complex on-chain data into clear and accurate insights for readers in the crypto ecosystem, with a particular focus on Bitcoin
