Bitcoin Hits $85K as Iran UN Visit Nears
Bitcoin (BTC)
Editor:
Eugene Serbin
Bitcoin climbed past $85,000 ahead of Iranian President Masoud Pezeshkian’s United Nations General Assembly visit, according to cvj.ai. The rally coincided with gains in stocks and easing oil prices as hopes for U.S.-Iran diplomatic talks lifted crypto markets. Pezeshkian is scheduled to address the assembly and meet national leaders between September 22 and 28.
U.S. President Donald Trump has shown openness to meeting Pezeshkian, though he also threatened to destroy Iran’s economy or eliminate its leadership. Total crypto capitalization rose 3.69% to $2.9 trillion, with Bitcoin gaining 4.46% to $85,297.19. Ethereum advanced 2.56% to $2,723.88, while XRP recorded the strongest daily increase among leading cryptocurrencies, climbing 5.44% to $1.51.
Derivatives trading volume surged 73.27% to $1.28 trillion, and open interest rose 2.2% to $456.72 billion. Approximately $1.36 billion in crypto liquidations occurred, with shorts accounting for roughly 57.7% of the total.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 23 September 2026. Not the outlet's figures.
Bitcoin is trading at $86,208.56, showing a shift in short-term momentum compared to the daily trend. The 1-hour buy ratio is 38.8% with a negative volume delta of -$14,225,554, indicating immediate selling pressure. In contrast, the 4-hour buy ratio is 59.9% with a positive volume delta of +$42,155,964, suggesting buying pressure is building over a slightly longer timeframe. The 24-hour buy ratio is 44.5% with a negative volume delta of -$202,961,059, meaning net selling has dominated the full day. The buy ratio represents the proportion of volume driven by buyers versus sellers. A negative volume delta means more volume was executed at the bid price, indicating sellers are in control.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 51.7%, which is 7.2 points higher than the latest day’s reading. Spot volume was 1.29 times the average, showing increased activity compared to normal days. The coin experienced net buying on 5 of the last 7 days, with a total volume delta of +$137,900,217. Price increased by 14.0% over the 8-day period. This represents a deviation from the average buy ratio, though volume remains elevated.