Analyst Ted Pillows sold his last Bitcoin at $85,000 during an eight‑month high, saying he expects a pullback to the mid‑$70,000s unless Bitcoin closes above $83,000.
On September 21 Bitcoin surged to an eight‑month high above $87,000 in a short‑squeeze that liquidated roughly $648 million of bearish bets, according to CoinDesk. In an X post the analyst Ted Pillows said he sold his last Bitcoin at $85,000, citing rising FOMO on social media and his assessment of risk‑reward at that level.
Pillows stated his base case remains a retrace toward the mid‑$70,000s and that this view would be invalidated if Bitcoin posts multiple daily and weekly closes above $83,000. He added that he sees little selling pressure between $85,000 and $88,000. The sale is self‑reported and not independently verified; the post also promotes a paid subscription to his live‑trading spreadsheet.
CoinDesk noted open interest rose about 7.6% to roughly $156 billion as shorts were closed, suggesting traders added leverage rather than stepped back. The Fear & Greed Index was at 77 (greed) per CoinMarketCap data, and TheStreet reported the strongest weekly inflows into US‑domiciled digital‑asset ETFs since early October 2025. Bitcoin remains about 32% below its record near $126,000. Future price direction hinges on whether Bitcoin can sustain closes above $83,000 and on spot demand, which remains uncertain.