Bitcoin’s Rally Above $87,000 Faces Fresh Tests: Bitfinex Alpha

• Bitcoin (BTC) experienced a decline toward $85,000 after briefly surpassing $87,000, following a recovery from last week's low near $75,000.
• Spot buying and short covering contributed to the recent rally, but trading volume and open interest remain weak, raising concerns about the sustainability of the recovery.
• Corporate demand is increasing as Bitcoin prices exceed the average purchase cost of $80,500, with a significant options expiry on September 25 posing potential volatility for the market.

https://cryptopotato.com/bitcoins-rally-above-87000-faces-fresh-tests-bitfinex-alpha/