Bitcoin approaches $90,000 with a 7%+ weekly rally, returning to the $85k-$90k range seen earlier this year. Bitcoin’s MVRV has crossed back above its 365-day moving average for the first time since negative momentum, a historic bullish signal that preceded stronger recoveries in both 2019 and 2023. The Fear and Greed Index entered extreme greed on September 22nd for the first time since Q3 2025, a more stretched sentiment level than when BTC hit $126,000 in late September. Bitcoin ETFs recorded $937.3 million in net inflows on September 21st, the largest single-day inflow since BTC’s October 2025 peak. This combination of short-term holders returning to breakeven, extreme greed sentiment, and surging ETF demand could trigger a short squeeze and propel BTC above $90,000.
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