Bitcoin Holds $78k as Oil Shock Fuels Fed Hike Bets
Bitcoin (BTC)
Editor:
Eugene Serbin
Bitcoinethereumnews.com reports that Bitcoin traded around $78,524, down 0.72% on the day, as macro pressures weighed on global markets. The pullback followed a 20% rally and a swing from a $68,858 low to an $82,281 high, with the asset unable to sustain its bullish momentum. Rising oil prices near $100 a barrel due to U.S.-Iran hostilities in the Strait of Hormuz are feeding into inflation expectations.
This dynamic makes the Federal Reserve’s upcoming rate decision harder to predict, with markets pricing a 57% chance of a quarter-point hike at the September 15-16 meeting. The Dow Jones Industrial Average fell 1.15% to 52,799.37, while the Nasdaq Composite slipped 0.19% to 26,457.73. A strong August jobs report showing 162,000 new positions has given traders less cover to expect rate cuts.
Bitcoin’s current retracement keeps it above the golden zone between $73,986 and $75,569. Technical indicators show an RSI of 60.4 and an ADX of 47.2, suggesting a strong trend that still favors buyers. On Myriad, traders assign a 78.4% probability to Bitcoin hitting $84,000 before falling to $55,000. The coin remains below its 200-day moving average, though a golden cross could trigger soon.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 9 September 2026. Not the outlet's figures.
Whalio’s Binance spot data shows Bitcoin trading at $78,455.80 with a 24-hour buy ratio of 44.4%, indicating that selling pressure has slightly outweighed buying over the full day. The 1-hour buy ratio of 46.3% and the 4-hour ratio of 44.8% suggest that short-term buying interest is stabilizing but has not yet surpassed the longer-term trend. Volume deltas confirm this bearish lean, with -$4.26 million in the last hour and -$11.4 million over four hours. The 24-hour volume delta sits at -$168.4 million, meaning more volume was executed at the ask price than the bid price. This negative delta indicates that sellers were more aggressive in initiating trades throughout the session. Net buying occurred for only 9 out of the 24 hours, highlighting a day where sellers generally held the upper hand.
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.
Comparing today’s 24-hour buy ratio of 44.4% against the 7-day average of 49.7% reveals a noticeable drop in buying sentiment. This 5.3 percentage point decline marks a shift from the preceding week’s more balanced flow. Volume was elevated at 1.41 times the average, suggesting that while buying faded, participation remained high. The 8-day volume delta of -$140.8 million shows that selling pressure has been a consistent theme over the past week. Today’s readings are consistent with this broader weekly trend of net outflows despite the price increase of 1.3% over eight days.