Bitcoin Above the 365-Day Line: Today’s 12 Biggest Crypto Headlines

Bitcoin’s price hasn’t closed above this level at the end of a trading day since March 2023. Today, it finally happened: the closing price sits above the 365-day moving average, one of the longest-tracked trend indicators in the crypto market. At the same time, on-chain data show short-term holders taking profits right now. Both signals exist in parallel, which is exactly what makes today’s trading session noteworthy.

This daily update summarizes twelve key developments, structured based on a recent X update from @thinkitcrypto. It’s a snapshot of market conditions as of September 23, 2026, not a forecast.

Key Takeaways

• Bitcoin closes above the 365-day line for the first time since March 2023, a rare bullish trend signal.
• Spot Bitcoin ETFs recorded their largest daily inflow since October, at roughly $999 million.
• Santiment warns: 47,600 BTC were sent to exchanges in profit by short-term holders.
• The Nasdaq 100 hits a new record high above 30,700 points, supported by easing signals around Iran and oil prices.
• Solana and XRP push forward technical upgrades, while CryptoQuant CEO Ki Young Ju cautions against overblown expectations of a new parabolic rally.

Bitcoin’s 365-Day Line: The Technical Signal of the Day

Bitcoin’s price has closed above the 365-day moving average. This trend indicator smooths out an entire year of price action and is widely regarded by technical analysts as a reliable gauge of the long-term market state. A close above this line signals that the broader trend has turned upward. The last time this happened was in March 2023, shortly before a multi-year uptrend began.

Alongside it, a second technical signal has returned: the Supertrend buy signal. This indicator combines volatility and price direction to detect trend changes early. Historically notable: the last time this signal triggered, Bitcoin traded around $16,000 — followed by three consecutive bullish years.

For investors using Bitcoin’s 365-day line as a reference point, the current setup is unusually rare. Such double signals haven’t historically coincided often, which adds to their significance for many market observers.

Bitcoin On-Chain Data: Euphoria Meets Profit-Taking

As bullish as the technical signals look, the on-chain picture is more sober. Analytics platform Santiment reports that short-term holders transferred 47,600 BTC to exchanges in profit within a short window. Such movements typically suggest that part of the market is realizing gains ahead of a possible pullback.

Santiment explicitly frames this behavior as a warning sign against excessive euphoria. The message is clear: a positive trend alone doesn’t protect against short-term setbacks when a lot of supply is simultaneously flowing to exchanges.

Here’s the current picture:

Bullish momentum and profit-taking are unfolding simultaneously. That’s not a contradiction — it’s a typical feature of market phases where a longer-term trend is establishing itself while short-term traders act tactically.

Institutional and ETF: Record Inflows and New Players

On the institutional side, the bullish picture is clearly confirmed. US spot Bitcoin ETFs attracted roughly $999 million in fresh inflows in a single day — the largest daily inflow since October, capping a series of strong ETF weeks in September 2026 [8].

Even before that, the funds had a notable run: over several weeks in August and September, a total of roughly $3.8 billion flowed in net, interrupted by brief outflow phases [9]. A single strong Friday also brought in $433 million in fresh capital, led by major providers [1]. Overall, cumulative net inflows into spot Bitcoin ETFs stand at roughly $55 billion, down from a peak of about $63 billion in October 2025 [7].

Two further institutional developments stand out:

• BlackRock believes the potential of artificial intelligence to drive crypto demand is currently underestimated.
• The European Central Bank is launching settlement in central bank money through its “Pontes” project, and is itself investing in tokenized securities.

Both developments underscore that institutional players are engaging with the crypto market not just through ETFs, but also through infrastructure and technology themes.

Macro and Wall Street: Nasdaq Record and Oil Price Relief

The broader financial market currently provides a supportive backdrop for risk assets like Bitcoin. The Nasdaq 100 hit a new record high above 30,700 points, extending a record-setting streak that has repeatedly pushed the broader equity market to new highs [4].

Adding to the relief, a geopolitical signal emerged: US President Trump hinted at a possible agreement with Iran. As a result, oil prices fell below the $90-per-barrel mark. Falling energy prices typically ease inflation concerns and can indirectly support riskier asset classes like cryptocurrencies.

“A strong stock market and falling energy prices create an environment where risk appetite tends to increase.”

This macroeconomic backdrop coincides with the technical Bitcoin signal and is likely contributing to current market dynamics.

Altcoins and Tech: Solana and XRP Push Upgrades Forward

Individual blockchain networks are also reporting concrete technical progress today.

Solana is testing an upgrade designed to drastically shorten finality — the time it takes for a transaction to be confirmed as final. Currently at 12.8 seconds, the test’s target is 150 milliseconds. Such a dramatic speedup would further strengthen Solana’s position in the race for fast transaction settlement.

XRP, meanwhile, is heading toward the V1.1 ledger upgrade. In parallel, Ripple is intensifying its targeted outreach to institutional asset managers. This dual strategy of technical advancement and institutional courting shows that competition in the altcoin space is increasingly decided not just by price action, but by infrastructure and network quality.

Outlook: How Far Can the Current Cycle Still Run?

An assessment of the current cycle’s runway comes from Ki Young Ju, CEO of on-chain analytics platform CryptoQuant. In his view, a 3x to 5x multiplier is more realistic for this cycle than a new parabolic rally with a 10x move.

This assessment is notable because it comes from an analyst environment heavily reliant on on-chain data — the same data foundation behind Santiment’s warning about short-term holders. Both voices independently urge realistic expectations, even as technical signals currently look bullish.

Conclusion

Today’s trading session shows two market forces at work simultaneously. On one side stands a rare, bullish technical signal: the first close above Bitcoin’s 365-day line since March 2023, accompanied by the returning Supertrend buy signal and strong institutional ETF inflows. On the other side, on-chain data urge caution, as short-term holders actively realize profits and Santiment warns of euphoria.

For investors, this means: the broader trend direction has technically improved, while short-term volatility and profit-taking remain part of the picture. A sensible next step is to continuously monitor both the Bitcoin 365-day line and on-chain metrics like exchange inflows, rather than relying on a single signal alone. Anyone invested or considering an investment should keep an eye on macroeconomic factors like equity market performance and geopolitical news alongside technical and fundamental crypto data.

Sources

[1] The Block: Bitcoin ETFs eke out positive week with $433 million Friday inflow – theblock.co
[4] Investopedia: Stock Market Today – investopedia.com
[7] TradingView: Bitcoin ETFs see cumulative net flows at $55B, down from $63B peak – tradingview.com
[8] TFTC: Bitcoin ETF Flows, September 2026 – tftc.io
[9] CoinMarketCap Academy: Bitcoin ETFs’ $3.8B three-week inflow streak (2026) – coinmarketcap.com