Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin drops back below $80,000; this week's inflation data may be key to determining its next market direction.

Bitcoin fell in low-liquidity conditions on Monday, dropping nearly 2% intraday, falling back below the $80,000 threshold again and erasing almost all of its gains from the weekend when it first broke above that level. This comes after Bitcoin notched its first weekly close above $80,000 since May. Due to the U.S. Labor Day holiday, U.S. stock markets were closed, reducing market liquidity and leading to thinner order books, amplifying the risk of short-term price swings. Data from CoinGlass shows that long and short liquidations in the crypto market over the past 24 hours were relatively balanced, with total liquidations amounting to around $178 million. Currently, near-term market liquidity is concentrated at two key levels: $80,500 and $78,800. QCP Capital noted that market volatility has continued to contract recently, with traders waiting for new external catalysts. U.S. inflation data set to be released this Thursday and Friday could be a key factor influencing the market’s direction and further shaping expectations for the Federal Reserve’s interest rate hike path. Despite Bitcoin’s recent sideways consolidation, analysts are still highlighting its resilience. Ryan Lee, chief analyst at Bitget, stated that Bitcoin’s ability to hold its high range—even amid stronger-than-expected U.S. jobs data, which typically boosts U.S. Treasury yields and the dollar and pressures risk assets—shows the market is not viewing potential Fed rate hikes as the sole determinant of current price action. Additionally, inflows into U.S. spot Bitcoin ETFs remain a key market focus, with net inflows hitting around $730 million in a single day earlier, marking the highest daily inflow since January this year.

Bitcoin briefly dipped below $79,000.

According to HTX market data, Bitcoin briefly dipped below $79,000, with a 0.85% decline in the past 24 hours.

MicroStrategy raised $20.9 billion in financing this year, ranking fourth among U.S. stock market issuers, and holds 845,000 Bitcoin.

According to Strategy’s latest 8-K filing, the company has raised approximately $20.9 billion this year via common and preferred stock issuances, ranking fourth in U.S. stock issuance volume, behind only SpaceX, Alphabet, and Intel. Strategy recently booked a net gain of $602.8 million from selling its MSTR common stock, with $369.7 million of that used to acquire 4,603 BTC at an average price of roughly $80,318 per coin. As of August 30, the firm’s total BTC holdings stood at 845,050 coins, with a cumulative purchase cost of about $63.73 billion and an average cost of roughly $75,412 per BTC. Additionally, MSCI’s consultation on digital asset financial reserve companies will wrap up on September 30, and the market is closely monitoring whether it will adjust relevant index inclusion criteria going forward.

Bitcoin faces CPI and PPI tests this week, with market bets pushing the probability of a Federal Reserve rate hike in September to 58.4%.

Bitcoin is facing multiple key macroeconomic events this week. The U.S. August PPI and CPI data will be released on Thursday and Friday respectively, while the Federal Reserve will announce its interest rate decision on September 16. CME FedWatch data shows the market currently assigns a 58.4% probability to the Fed raising rates by 25 basis points to the 3.75%-4% range. Meanwhile, Japan’s record foreign exchange intervention and potential U.S. Treasury bond sales have also become a market focus. Japan’s foreign exchange reserves have decreased by approximately $79.57 billion since the end of July, leading markets to believe Japan may sell U.S. Treasuries to fund yen interventions. Polymarket data shows the probability of the Bank of Japan raising rates by 25 basis points in September has now reached 98%. Fluctuations in the yen and carry trades could further impact global liquidity and crypto markets. On-chain data from CryptoQuant points out that Bitcoin’s recent rally has been driven primarily by the futures market, with no corresponding confirmation from spot demand. Derivatives open interest rose by approximately $2.3 billion in a single day to $27.53 billion, while spot demand remains negative, casting doubt on the sustainability of the current rally. Technically, Bitcoin closed above $80,000 on its weekly chart for the first time in several months this week, though strong selling pressure remains near the $80,000 level. Meanwhile, Bitcoin’s weekly Supertrend indicator flipped to a "buy" signal for the first time since November 2025, a similar signal that emerged after the bear market bottomed in early 2023.

Viewpoint: Bitcoin is less sensitive to changes in U.S. Treasury yields than gold, and may hold a stronger advantage as a "hard asset"

An analysis points out that against the backdrop of fiscal concerns pushing up global bond yields, the correlation between Bitcoin and gold’s price trends has continued to climb. Their 90-day return correlation coefficient currently stands at 0.59, the highest level since 2020. However, in terms of sensitivity to changes in the U.S. 10-year Treasury yield, Bitcoin exhibits stronger independence. Data shows that the 90-day correlation coefficient between BTC and the U.S. 10-year Treasury yield is only -0.17, while gold’s correlation coefficient with the same yield is -0.41, meaning rising bond yields have a relatively more pronounced suppressing effect on gold. This reflects that Bitcoin has a lower degree of linkage with the traditional bond market, and may possess stronger decoupling capability amid headwinds in traditional financial markets such as rising yields. Nevertheless, shifts in correlation do not mean Bitcoin can fully evade macro risks.

Data indicates Bitcoin faces a sell wall of $83,000, with all categories of Bitcoin holders turning net sellers across the board for the first time since early June.

According to Glassnode data, BTC has faced significant selling pressure near the $83,000 level recently, with all address groups across all holding sizes turning net sellers across the board — a first since early June, signaling rising overall market selling pressure. Following BTC’s recent rally, whales and other holding groups have stepped up distributions, leading to persistent resistance near the $83,000 mark. Still, BTC’s potential "golden cross" offers some support for bulls, and short-term market direction will hinge on whether buyers can absorb current distribution pressure and break through this key resistance.

Jiang Zhuoer: Closed all short positions on Bitcoin (BTC), restored full spot positions in Ethereum (ETH), awaiting upside.

BTC.TOP Mining Pool founder Jiang Zhuoer posted that he previously opened a short position on Bitcoin (BTC) at $82,050, has now closed the position to take profit at $79,480, and is back to holding a full spot position in Ethereum (ETH) awaiting gains. His reasoning includes: ETH, the engine of this bull market, has recently led gains and is approaching its previous high, which may drive BTC higher; he only took short positions during the continuous net inflow of ETFs (a record $730 million single-day net inflow on September 3). If BTC rises to the $83,000-$84,000 range, he will repeat his short strategy, judging this resistance level will be hard to break in the short term. Jiang added he is still waiting for a major pullback. If BTC drops to the $71,255-$73,361 range (the Fibonacci 50% to 61.8% retracement level), he will buy back all positions; otherwise, he will repurchase as planned by the end of October. He also referenced two previous accurate top-hitting operations: shorting ETH at $2,525 on August 22 and shorting BTC at $82,050 on September 4, and believes the current trading logic of using no leverage and full-position trading is effective.

Analysis: Bitcoin spot demand continues to turn negative, with retail investor selling likely the main cause.

CryptoQuant community author CW8900 published an analysis noting that Bitcoin (BTC) spot demand has turned increasingly negative, while futures demand has also seen a slight decline. The current market rally is primarily driven by futures demand, while spot demand remains in negative territory — a concerning sign, as a sustained uptrend cannot be maintained without spot demand. Despite BTC’s price rebound, the volume of spot BTC outflows has risen further; if this trend persists, the current upward momentum could be derailed. Therefore, it is critical to determine the specific reasons behind the negative spot demand. From a position structure perspective, holdings by large holders continue to increase, while retail investor holdings keep declining. CW8900 believes that retail investors have continued selling even during BTC’s price rally, likely having adjusted to the previous downturn and opting to take profits or reduce positions during rebounds. Currently, BTC’s negative spot demand is mainly driven by sustained retail selling, while a notable point is that large investors remain net buyers.

Capital B spent approximately $29.4 million to add 376 Bitcoin to its holdings, marking the largest single Bitcoin purchase in nearly a year.

French bitcoin treasury firm Capital B announced it purchased 376 bitcoins for €25.3 million (approx. $29.4 million), bringing its total bitcoin holdings to 3,521 coins, with a cumulative acquisition cost of roughly €309.4 million (approx. $359.3 million). This purchase marks Capital B’s largest single bitcoin acquisition since September 2025, when the firm bought 551 bitcoins. Capital B said the funds for the purchase came from a recently completed financing round, including a €28.7 million (approx. $33.3 million) private placement, in which Adam Back added €7.6 million (approx. $8.8 million) in investment, boosting his common stock stake to 17.64%. Following this acquisition, Capital B holds 3,521 bitcoins, with an average purchase price of roughly €87,878 per coin (approx. $102,058 per coin).

Analysis: Bitcoin's on-chain realized market capitalization returns to growth, with its price recovery backed by fundamentals.

CryptoQuant analyst Axel Adler Jr. published a note stating that Bitcoin’s Realized Cap returned to positive territory on August 24 after 87 consecutive days of negative growth, and rose to +0.88% on September 6, indicating that BTC’s on-chain capital base is recovering. Bitcoin’s Realized Cap currently stands at around $1.068 trillion, having increased by approximately $9.36 billion over the past 30 days, and has continued to rise even as BTC fluctuated around $80,000 recently. Adler Jr. noted that this shows the previously contracting Realized Cap is improving. However, this metric briefly turned positive back in May before falling again, so it remains to be seen whether the current capital growth can be sustained. Meanwhile, Bitcoin’s Realized Premium Z-Score dropped from 4.17 during BTC’s rally on August 19 to 0.90 on September 6, though it still remains in positive territory. Adler Jr. explained that the metric’s decline does not signal a weakening price trend, as the anomaly relative to the 28-day average naturally decreases as new price levels gradually enter calculations. Overall, current on-chain signals are positive but have not yet confirmed a sustained bull market: Realized Cap is growing, while BTC has held onto its prior gains. Going forward, if the 30-day Realized Cap change remains positive and is accompanied by further expansion of Realized Cap, this will further support the continuation of the recovery; if the metric falls back below zero, it will weaken this outlook.

Bitcoin drops below $79,000, logging a 0.99% loss in the 24-hour period.

According to HTX market data, Bitcoin has fallen below $79,000, currently trading at $78,999.99, with a 0.99% decline in the past 24 hours.

Analysis: Bitcoin has experienced the sharpest deleveraging since 2023, yet new liquidation risks remain.

CryptoQuant analyst Darkfost wrote in a post that Bitcoin has recently experienced the most severe deleveraging cycle since 2023. In a market long dominated by futures trading volume, Binance’s Open Interest (OI) has dropped significantly, once falling below its 180-day moving average, a sign of the intensity and speed of this deleveraging process. Darkfost argues this process is necessary for Bitcoin. As prices corrected, the market forced previously over-sized long and short positions to be closed or liquidated. This cycle also saw one of the largest liquidation events in Bitcoin’s history. However, despite the sharp deleveraging, Binance’s current Open Interest stands at around $9.6 billion, higher than the 180-day average of roughly $8.3 billion, accounting for about 37% of Bitcoin’s total network-wide Open Interest. This level is even higher than during the May market rally, when BTC briefly rebounded to $82,000. Darkfost points out that while this adjustment has dealt a clear blow to traders, leveraged funds have seemingly quickly returned to the market, becoming one of the key drivers of BTC’s recent rebound. That said, current market leverage levels remain elevated, and if leverage accumulates excessively again in the future, it could still trigger another round of sharp deleveraging.

Vitalik: AI will not impact the security of the Bitcoin network; the primary concern is completing technical upgrades in a timely manner.

Silicon Valley angel investor Liron Shapira published a post stating he is roughly 50% confident that Bitcoin (BTC) will fall by more than 50% in price over the next two years. He believes the rapid advancement of artificial intelligence (AI) may erode some of the market’s prior perceptions of Bitcoin’s security and robustness, thereby undermining BTC’s long-term value support. Ethereum co-founder Vitalik Buterin holds an opposing view. He said he is quite optimistic about Bitcoin’s long-term network security, noting the primary challenge lies in completing necessary transitions. Buterin expects Bitcoin can effectively handle at least issues that do not require social consensus to resolve—such as upgrading clients and mining pools to counter network-layer attacks, which fall into this category. He added the probability of a real breakthrough in Bitcoin’s hash algorithm or Proof-of-Work (PoW) mechanism is extremely low. Vitalik further revealed he has already bet on this stance via asset allocation, with roughly 90% of his net worth currently held in crypto assets.

Total open interest for altcoin futures contracts across all crypto exchanges has exceeded that of Bitcoin, marking the first time since December 2024.

Crypto analyst Ted’s data shows that open interest in altcoins has now exceeded that of Bitcoin in the crypto market, marking the first such occurrence since December 2024. Ted also added a caption: “Do you remember what happened to altcoins after December 2024?”, hinting that altcoins, which saw sharp short-term gains, are prone to triggering liquidation events.

The crypto market continues its strong rally, with ZEC surging past $1,200 and Bitcoin bouncing back above $80,000.

Despite Friday’s stronger-than-expected non-farm payrolls data sparking market expectations of a Federal Reserve interest rate hike, the crypto market maintained an overall upward trend over the weekend. Among major cryptocurrencies, ZEC led the rally, breaking above $1200 this morning and currently trading at $1230, with a 19.5% 24-hour gain. Per HTX market data, Bitcoin rebounded above $80,000 this morning, now priced at $80,281.19, while Ethereum stands at $2515, with a 1.52% 24-hour increase.

A prominent crypto trader forecasts Bitcoin will trade in a range, and favors buying on a dip.

Well-known trader Killa stated in a post that BTC typically enters a consolidation phase after every sharp rally or pullback. Having experienced a strong rally, he forecasts the market will move into a range-bound period next. With the current trend having turned bullish, he leans toward going long on dips. He stressed that this does not rule out shorting at the highs of the consolidation range, but such trades are counter-trend operations and require corresponding adjustments to position sizes.

A Bitcoin address from the Satoshi Nakamoto era, dormant for 16 years, has transferred 600 BTC, worth approximately $48 million.

12 Bitcoin addresses dormant for over 16 years moved a total of 600 BTC on September 5, worth approximately $48 million. The BTC all originated from mining rewards in March 2010, when Satoshi Nakamoto was still active on the Bitcoin network. Whale Alert stated that the 600 BTC came from mining rewards of 12 Bitcoin blocks, and no connection between these addresses and Satoshi Nakamoto has been found. Earlier, Lookonchain had identified 7 of these miner wallets, which moved 350 BTC after remaining dormant for roughly 16.5 years. Whale Alert also noted that one of the block rewards was transferred several blocks ahead of most other transactions, a pattern consistent with conducting a test transaction before executing the remaining transfers.

Analyst: Bitcoin’s recent buying volume has hit its strongest level since the last bear market, with demand showing clear improvement.

CryptoQuant analyst Darkfost stated in a post that Bitcoin is facing the strongest buying pressure since the last bear market. The 365-day rolling cumulative net spot buying volume, denominated in U.S. dollars, has surpassed $83 billion, and this metric will remain in negative territory until March 2026. This indicator measures the gap between spot buying and selling volumes on major trading platforms, calculated as a 365-day rolling cumulative total. It signals a significant improvement in recent demand, with the market gradually building a positive trend. However, he warned that spot trading volume does not make up the majority of trading platform activity, as futures trading still holds a clear dominant position. Even so, based on the spot metric, market momentum is growing more positive.

Willy Woo: Bitcoin is now significantly decoupling from U.S. stocks, a trend similar to the prelude to Bitcoin's 2017 bull market.

Crypto analyst Willy Woo has published a post stating that Bitcoin is significantly decoupling from the U.S. stock market, with the last instance of such a high degree of decoupling occurring in 2015 — the prelude to Bitcoin’s 2017 bull run. In 2014, the stock market remained in a bull market, while BTC experienced a bear market unrelated to stock market trends. From 2015 to 2016, the stock market fluctuated weakly for two consecutive years, yet BTC entered a bull market; then in 2017, when the stock market also turned bullish, BTC surged even more sharply. Willy Woo believes the current market landscape mirrors that period: Bitcoin’s liquidity is continuing to strengthen, while the stock market is starting to show signs of fragility.

Bitwise: The correlation between Bitcoin and gold has risen to its highest level since 2020, while its correlation with US stocks has fallen to a one-year low.

André Dragosch, Head of European Research at Bitwise, published a report stating that Bitcoin’s 90-day rolling correlation with gold has risen to its highest level since 2020, while its correlation with the Nasdaq 100 index has fallen to a one-year low. Meanwhile, Bitcoin remains significantly negatively correlated with the U.S. Dollar Index. In August, U.S. long-term Treasury yields climbed, leading Treasury Secretary Besent to intervene in the market by expanding long-term Treasury repurchase operations. After this move, Bitcoin surged 22.4% in a single week, marking its largest weekly gain since March 2024; gold rose roughly 5% over the same period, while stocks dropped. The last time Bitcoin’s correlation with gold hit such a high was after governments rolled out fiscal and monetary stimulus during the 2020 COVID-19 pandemic. Bitcoin and gold remain distinct assets, but as macroeconomic pressure and currency devaluation risks grow, investors are increasingly holding both as hedges, with Bitcoin recently acting as a more volatile proxy for gold. If this correlation trend persists, Bitcoin could enter a larger capital pool led by central banks, sovereign entities, and asset allocators, and face repricing.

Cathie Wood: Bitcoin is gradually decoupling from gold's price trend.

ARK Invest founder Cathie Wood (affectionately known as "Woodie" in financial circles) noted that August non-farm payroll data shows the U.S. economy remains highly resilient. Markets may interpret the strong jobs figures as a sign of rising inflationary pressure, leading to further bets on the Federal Reserve tightening policy, but they are overlooking more critical shifts. While the U.S. headline inflation rate still stands at 3.7%, other inflation metrics are closer to the 2% target, and oil prices could even fall to around $30 per barrel. U.S. stocks continue hitting record highs amid rising interest rates, corporate capital spending has broken through a growth bottleneck that has persisted for over two decades, and Bitcoin is gradually decoupling from gold’s price trends. These phenomena are not mutually independent. As more companies adopt artificial intelligence, AI-related firms are creating jobs at a faster pace, and technological advances could simultaneously boost productivity and reduce costs. These signals point to stronger real economic growth and the emergence of powerful "tech-driven deflation." Current markets are still pricing based on traditional economic models, but a new economic system driven by AI and emerging technologies is taking shape rapidly.

The crypto market has seen a minor rebound, with Bitcoin breaking through $80,000, Ethereum surpassing $2,500, and BNB rallying sharply to cross $780.

According to HTX market data, the crypto market saw a minor rebound on Sunday, pushing total crypto market capitalization to $2.781 trillion. Bitcoin broke above $80,000, while Ethereum crossed $2,500. Driven by robust trading activity in the BNB Chain ecosystem, BNB surged past $780 and is now trading at $764. SOL is priced at $104, HYPE at $85.8, and ZEC performed strongly, rising over 5% to hit $1,070. Leading altcoin gainers include ARB, which topped the list with a 48.8% single-day rally to trade at $0.197; SUSHI, up over 40% in 24 hours to break $0.267; and several BNB Chain ecosystem tokens such as MARSCOIN, 1000CAT, TUT, and CAKE, which also ranked among the top gainers amid the ecosystem’s hot trading activity.

7 miner addresses dormant for 16.5 years transferred 350 Bitcoin, valued at approximately $28 million.

According to Lookonchain’s monitoring, seven miner addresses dormant for 16.5 years transferred 350 Bitcoin roughly six hours ago, valued at approximately $28 million. The miners obtained the 350 BTC through mining in March 2010.

Viewpoint: Bitcoin’s annual gains are often concentrated in a small number of trading days, meaning long-term holding may outperform timing trades.

An analysis of Bitcoin’s historical performance from 2010 to 2026 shows that the vast majority of its annual gains are concentrated in a tiny number of trading days, leading multiple industry experts to argue that long-term holding may be more advantageous than frequent attempts at timing trades. Data indicates that in 11 of the past 18 years, removing the 10 best-performing trading days of the year would turn a profitable year into a losing one. For instance, Bitcoin rose 94% in 2019, but would have fallen 40% for the year if its 10 best trading days were excluded; as of 2026 so far, Bitcoin is down roughly 9%, a drop that would widen to around 36% if its 5 best days were removed. Andre Dragosch, Head of European Research at Bitwise, noted that Bitcoin spends most of its time in sideways consolidation, with its major gains typically concentrated in a small number of explosive trading days, making it extremely difficult to time these moments precisely. “Holding period matters more than timing,” he said. Adam Haeems, Head of Asset Management at Tesseract Group, pointed out that on Feb. 5, 2026, Bitcoin fell roughly 14% in a single day, only to rise around 12% the next day. This demonstrates that attempting to capture excess returns by avoiding dips may carry the risk of missing out on rapid rebounds. With growing allocations to Bitcoin via spot ETFs, institutional funds, and corporate balance sheets, the cryptocurrency’s daily volatility is declining overall, but its market returns still exhibit the trait of concentrated, periodic bursts of gains.

Analysis: Bitcoin OG holders are accelerating the transfer of their holdings, with on-chain activity rising significantly.

CryptoQuant analyst Darkfost noted in a recent post that on-chain activity among Bitcoin long-term holders (OGs) has picked up significantly. During the current phase of market consolidation, the 90-day moving average of spent UTXOs (STXOs) from investors holding BTC for over five years has risen to around 1,500 BTC. In May this year, the average amount of BTC transferred via UTXOs by this group was only half of the current level. In other words, over the past three months, Bitcoin long-term holders with over five years of holding history have been moving their BTC more frequently. This suggests that the ongoing market consolidation may be amplifying uncertainty among different types of investors, with even early Bitcoin holders who have weathered multiple market cycles starting to adjust their on-chain asset allocations. However, the transfer of BTC by OGs does not mean they are engaging in mass selling. Some funds may simply be moved to other wallets or more secure storage solutions; for example, the recent Coldcard incident may have prompted some holders to proactively adjust how they store their BTC. Therefore, current on-chain data primarily reflects increased activity among the OG group, and one cannot rely solely on UTXO transfer volumes to determine their specific buying or selling intentions.

U.S. spot Bitcoin ETFs saw a net inflow of $174.6 million yesterday.

Per Farside's monitoring, U.S. spot Bitcoin ETFs recorded a net inflow of $174.6 million yesterday, extending their streak to three consecutive trading days of net inflows.

A $70 million Bitcoin movie has entered post-production, with its plot suspected to portray Craig Wright as Satoshi Nakamoto.

The film *Bitcoin*, directed by Doug Liman and starring Gal Gadot, Casey Affleck, Pete Davidson, Isla Fisher, and others, has a budget of approximately $70 million and is currently in post-production. Reportedly centered on Bitcoin’s origins and the identity of Satoshi Nakamoto, the movie leans toward portraying Craig Wright—who claims to be Bitcoin’s inventor—as Satoshi Nakamoto, a premise that has sparked controversy in the crypto community. Content creator Terence Michael noted that the film may push the narrative that "Craig Wright is Satoshi Nakamoto" to mainstream audiences, further intensifying the debate over Satoshi Nakamoto’s true identity. Earlier, a UK court ruled that Craig Wright is not Satoshi Nakamoto, and the related controversy had cooled down for a time. The film is written by Nick Schenk, produced by Ryan Kavanaugh and Lawrence Grey, with Wright supporter Calvin Ayre also involved; no major US distributor has been confirmed for the project yet.

Bitcoin is once again exhibiting characteristics of an "amplified version of gold", though the four-year cycle theory warns that the market still faces downside risks ahead.

Bitcoin has recently re-emerged as a safe-haven asset, hitting a four-month high of $82,262 this week before pulling back to around $79,800. André Dragosch, head of European research at Bitwise, said that amid rising macroeconomic uncertainty and currency devaluation risks, investors are increasingly viewing Bitcoin less as a high-risk tech asset and more as a store of value. Dragosch noted that Bitcoin’s 90-day price correlation with gold is near its highest level in six years. He argued that as macro forces strengthen and currency devaluation risks rise, investors are blurring the lines between Bitcoin and gold, with the cryptocurrency recently acting as an “amplified version of gold”. However, the four-year cycle theory remains a headwind for Bitcoin’s outlook. The theory links Bitcoin’s bull-bear cycles to its halving events. Fidelity projects that if historical cycle patterns hold, Bitcoin’s next bear market bottom could land around November 2026. Alex Thorn, head of research at Galaxy, previously estimated that the baseline scenario for this correction would bottom in the $40,000 to $46,000 range. Chris Kuiper, vice president of research at Fidelity Digital Assets, argued that the four-year cycle is not an exact timing rule, meaning it does not guarantee Bitcoin will decline later this year, and a long-term perspective and holding period have historically been more beneficial for investors.

Viewpoint: Bitcoin's rally recaptures market focus as companies accelerate accumulation of BTC and ETH

Late August’s crypto market rebound has driven enterprises to increase their crypto asset allocations. As Bitcoin’s price rose, Bitcoin mining firms that had previously pivoted aggressively to AI businesses have reemerged as high-beta plays in BTC’s market, while corporate balance sheet strategies involving direct Bitcoin holdings have once again drawn market attention. Data shows Bitcoin climbed around 23% in late August, with some mining stocks surging 41% to 67%—outperforming multiple AI infrastructure companies. The market attributes the rally to three key factors: the U.S. Treasury expanding Treasury repurchase operations, the White House issuing positive signals on crypto regulation, and over $1.6 billion in short positions being liquidated. In terms of corporate buying activity, Strive purchased 1,800 BTC in the final week of August for roughly $143 million, lifting its total holdings to 23,156 BTC and making it the fifth-largest public company holder of Bitcoin. Strategy added 4,603 BTC over the same period, bringing its total holdings to more than 845,000 BTC. Separately, 21 major financial institutions including Bank of America, Goldman Sachs, and Citigroup plan to set up a new entity and launch a U.S. dollar stablecoin in the first half of 2027, with plans to expand to other G7 currencies for cross-border payments and digital asset settlements. For Ethereum, Bitmine has been accumulating ETH for 65 consecutive weeks, with its latest position exceeding 5.9 million ETH—accounting for 4.9% of Ethereum’s roughly 120.7 million circulating supply, just short of its 5% holding target. Despite the ongoing accumulation, the company’s current ETH holdings still carry approximately $5.1 billion in unrealized losses.

Analyst: Bitcoin successfully retested the long-term descending trend line, and its monthly chart needs to hold above $76,000.

Prominent crypto analyst Rekt Capital notes that Bitcoin has successfully retested its macro downtrend line as support, with this line aligning closely with the highs from April-May 2026. Current price levels indicate the retest is initially valid. Rekt Capital also states that to avoid a shift into a downtrend, BTC must prevent its monthly closing price from falling below the downtrend line (approximately $761.87 million), as this could form an upper wick and weaken its breakout potential.

The UK's largest retail investment platform Hargreaves Lansdown has launched Bitcoin and Ethereum ETN products.

UK’s largest retail investment platform Hargreaves Lansdown, which manages over $200 billion in assets, announced it is making nine Bitcoin and Ethereum exchange-traded note (ETN) products available to its 2 million clients. The products are offered by issuers including BlackRock iShares, CoinShares, WisdomTree, 21Shares, Invesco and Bitwise, with annual fees ranging from 0% to 0.35%. The move comes less than a year after the platform previously warned clients against cryptocurrency investments, and follows a policy adjustment in response to the UK Financial Conduct Authority (FCA) lifting its retail ban on crypto ETPs in October 2025. New buyers on the platform must complete an appropriateness assessment and wait 24 hours before trading. (CoinDesk)

After the US stock market opened, Bitcoin accelerated its decline, briefly dropping below $79,000.

According to HTX market data, Bitcoin accelerated its decline after the US stock market opened, briefly falling below $79,000, currently trading at $79,217.06, with its 24-hour decline widening to 2.49%.

After the release of non-farm payroll data, Bitcoin plunged sharply, dipping below $80,000.

According to HTX market data, Bitcoin plummeted sharply after the release of non-farm payrolls (NFP) data, breaking below $80,000 to a current price of $79,801.99, with a 1.61% drop over the past hour. As tonight’s NFP data came in far exceeding expectations, the market has ramped up bets on a September interest rate hike by the Federal Reserve.

This week's top 5 most-watched stocks among users: Strategy adds to its Bitcoin holdings again after a two-month hiatus, lifting crypto-related stocks.

This week’s top 5 most-watched stocks among users are MSTR, CRCL, DELL, AMC, and FAMI, with market focus covering sectors including Bitcoin (BTC) treasuries, stablecoins, AI servers, and cinemas. Among them, Strategy resumed its Bitcoin accumulation after two months, with MSTR and CRCL both rising over 8% this week. Dell gained around 13.24% driven by strong AI server orders and growing backlog demand; in contrast, AMC trended lower amid swings between box office recovery expectations and high short positions, while FAMI surged on heavy volume before retreating, with sharp short-term volatility. MSTR (up ~8.94% this week): Strategy disclosed it purchased 4,603 BTC for ~$369.7 million this week, marking its second Bitcoin buy in two months. Following Bitcoin’s rebound on rate cut expectations, MSTR, a proxy for Bitcoin leverage, regained investor interest. CRCL (up ~8.04% this week): As Federal Reserve officials revisited digital asset and stablecoin regulatory frameworks, Circle rallied alongside broader crypto stocks. CRCL’s sharp rise was supported by USDC supply growth and policy expectations. DELL (up ~13.24% this week): Dell’s financial report showed strong AI server orders and backlog demand, prompting the company to raise its full-year outlook. The data center hardware sector was revalued, driving two consecutive days of sharp gains in Dell’s stock. AMC (down ~3.79% this week): Cinema stocks swung between box office recovery hopes and high short positions, leading to volatile declines. AMC saw active trading this week but lacked strong catalysts, resulting in a downward trend. FAMI (up ~0.41% this week): Farmmi saw abnormal trading volume this week, surging at one point on September 2 before quickly retreating. Low-priced Chinese concept stocks were driven by liquidity, leading to significantly amplified short-term volatility.

Analyst: Bitcoin is on the verge of entering a bull market, with its rally primarily driven by futures leverage.

CryptoQuant analyst Axel Adler Jr. stated that Bitcoin is approaching the threshold to enter a bull market. Over the past 24 hours, BTC’s price rose 3.9%, while open interest increased by roughly 11,200 BTC, a 3.4% jump, signaling the current upward momentum is primarily driven by the derivatives market. Data shows open interest once surged by 15,200 BTC within 6 hours, pushing the leverage flow pressure index to 63; long positions were added for 15 of the past 24 hours. Adler pointed out that if a rally is mainly fueled by short covering and liquidations, open interest typically declines, but this time it has risen notably instead, meaning new futures leverage is the key driver of the price increase. His one-year model has not yet officially flipped to bull market territory. Confirmation signals require Bitcoin to close above the model’s dynamic threshold on a daily basis and hold that level without a rapid unwinding of leverage; the main risk is that accumulated leverage could be liquidated suddenly, triggering a market reversal.

U.S. spot Bitcoin ETFs recorded a net inflow of $730.8 million yesterday.

According to Farside's monitoring, U.S. spot Bitcoin ETFs recorded a net inflow of $730.8 million yesterday, with BlackRock's IBIT attracting a net inflow of $454 million and ARKB seeing a net inflow of $137.7 million.

Japanese Bitcoin treasury firm Remixpoint holds approximately 1,506.23 BTC, at an average cost of roughly $68,000.

Japanese crypto treasury firm Remixpoint announced that as of today, it holds approximately 1,506.23 Bitcoin, with an average cost basis of around $68,000 per BTC. The book cost of its Bitcoin holdings is roughly 16.105 billion yen (equivalent to about $103 million), while the current market value stands at 19.006 billion yen (approximately $122 million), generating an estimated unrealized gain of 2.901 billion yen (around $18.6 million). Remixpoint had previously sold off its holdings in Ethereum (ETH), Solana (SOL), XRP, and Dogecoin (DOGE), and now only retains Bitcoin.

El Salvador plans to stop increasing its Bitcoin holdings using public funds, and the Chivo digital wallet has largely withdrawn from public use.

The International Monetary Fund (IMF) announced that it has reached a staff-level agreement with El Salvador’s authorities on the combined second and third reviews under the Extended Fund Facility (EFF). If approved by the IMF Executive Board, El Salvador will receive approximately $140 million (equivalent to SDR 101.96 million). Regarding Bitcoin-related arrangements, the IMF confirmed several key facts: the Chivo e-wallet has largely withdrawn from public participation, with most ownership and operational control transferred to private operators; Bitcoin holdings added since the first review have been verified via documents to come from private donations, with no public funds used; El Salvador has committed it will not acquire any additional Bitcoin in the future beyond the already recorded private donations. The two sides also reached an understanding on modernizing the legal, regulatory and supervisory framework for digital assets, as well as strengthening governance and risk management arrangements for public sector crypto asset holdings. Structural reforms including pension reform, civil service reform, strengthening the central bank’s institutional and financial standing, and enhancing anti-money laundering/counter-terrorist financing (AML/CFT) frameworks will continue to advance. The IMF emphasized that strong program ownership and timely implementation of reforms remain critical for further bolstering macroeconomic stability and resilience, and creating conditions for sustainable, inclusive private-sector-led growth.

Jiang Zhuoer: Sold his entire Bitcoin position at $82,050, and will monitor the $70,000 to $72,000 range going forward.

Jiang Zhuoer, founder of B.TOP (Lianbit Mining Pool), shared his recent trading moves, revealing that he sold his entire BTC position when Bitcoin’s price hit approximately $82,050. Jiang stated that his shift from his prior stance of "not shorting ETH" to shorting BTC was driven mainly by ETH’s high volatility. Meanwhile, after BTC ETF funds showed weakness and recorded their first outflow, Bitcoin instead rallied to near the upper boundary of the $81,500 range, creating a solid selling opportunity. He added that this round of Bitcoin consolidation has only lasted around 13 days, which is insufficient time to break through the key resistance zone of $83,000 to $84,000. The short-term upward wick pattern that emerged after BTC broke above $82,000 also serves as a strong trading signal. For Bitcoin’s future trend, Jiang outlined a scenario: BTC will first pull back to the $70,000–$72,000 range, which he considers the "last entry opportunity". It may then consolidate between $76,000 and $82,000 while identifying take-profit levels. If the price rises further to the $83,000–$84,000 zone, he will use $82,300 as a stop-loss reference.

Bitcoin briefly surged past $82,000 earlier this morning, and is currently trading at $81,100.

According to HTX market data, Bitcoin briefly rallied past $82,000 this morning before pulling back to $81,100. Its 24-hour gain reached 5.19%, and its market capitalization rose to $1.63 trillion.

Yi Lihua: Bitcoin’s upside resistance level stands at $86,000, and the bull market trend has already begun.

On September 2, Yilihua, founder of Liquid Capital, stated that Bitcoin’s dip to $76,300 is a support level that will trigger a rebound. Overall, the trend aligns with expectations: after the correction, Bitcoin will continue its upward rally, with the next resistance level remaining around $86,000. If Bitcoin fails to break through $86,000 convincingly, investors may need to consider taking profit during this upward correction. While the market is constantly evolving, the bull market trend has already kicked off. Yilihua added that Bitcoin failed to break through the $81,000 resistance level a few days ago, leading to recent expectations of a correction, which is projected to bottom between $75,500 and $76,000 before resuming its rise toward the next resistance at $86,000.

Bitcoin has rallied by $3,000 in consecutive gains, firmly breaking through the $81,000 level.

According to HTX market data, Bitcoin has rallied by $3,000 in recent hours, surging past the $81,000 level, with a 5.2% gain in the past 24 hours.

Bitcoin surges past $80,000, gaining 3.5% in the past 24 hours.

According to HTX market data, Bitcoin has surged past $80,000, with a 3.5% gain in the last 24 hours.

Bitcoin surges past $79,000, with a 2.2% gain in the past 24 hours.

According to HTX market data, Bitcoin has broken through $79,000, with a 2.2% gain in the past 24 hours.

Analysis: The Bitcoin stablecoin purchase demand indicator once surged to 3.74, approaching the November 2024 high.

CryptoQuant analyst Zizcrypto noted in a recent post that the 90-day reading of the Stablecoin Supply Ratio (SSR) Oscillator had surged rapidly into the "strong stablecoin buying demand" territory, hitting 3.74 on August 21—near the ~4.00 peak seen in November 2024. The indicator has since begun to pull back, with BTC currently trading around $77,000. This sharp rebound in the stablecoin demand metric coincided with a robust liquidity pulse that hit the market earlier. However, the key focus now is not the short-term spike itself, but whether this demand signal will hold. If the 90-day SSR Oscillator continues to decline and falls back below the "high zone", its confirmation of sustained growth in stablecoin buying demand will weaken. The current shift appears more like a temporary liquidity pulse rather than a fully formed, sustained demand expansion cycle. While stablecoin-side demand signals have indeed strengthened notably recently, the 90-day oscillator has already cooled from its 3.74 peak. If it fails to remain in the "high zone" moving forward, it remains unclear whether this round of liquidity improvement can translate into more lasting demand growth.

Standard Chartered Expands Crypto Footprint: Launches Institutional-Grade Bitcoin and Ethereum Spot Trading Services in UAE

Standard Chartered has become the first global systemically important bank (G-SIB) to offer Bitcoin (BTC) and Ethereum (ETH) spot trading services in the United Arab Emirates (UAE) for institutional clients, according to a Reuters report. The new service allows eligible institutional clients to conduct deliverable BTC and ETH spot trades via the bank’s existing electronic trading channels, with access to its foreign exchange interface for crypto asset transactions. This expansion builds on Standard Chartered’s digital asset custody operations: the lender launched digital asset custody services in the UAE in September 2024, and first rolled out BTC and ETH spot trading for institutional clients via its UK branch in July 2025. Clients may select custodians—including Standard Chartered’s own digital asset custody solution—for trade settlement.

Bernstein projects IREN’s AI cloud business will reach $17 billion in annual revenue by 2030, and the company may cease Bitcoin mining by the end of 2026.

Beating AI News: As its AI cloud business expands, Bitcoin mining firm IREN is projected to generate around $17 billion in annual AI cloud revenue by 2030, with its cloud computing capacity set to expand to approximately 2GW. Bernstein forecasts that IREN will phase out its Bitcoin mining operations by the end of 2026. Meanwhile, the price of IREN’s three-year AI cloud contracts has risen by roughly 125% since last November, reflecting sustained growth in AI computing power demand and related pricing power.

Analysis: Bitcoin may be shifting from a 4-year cycle to a 6 to 8-year cycle.

On-chain analyst Willy Woo has published a post noting that Bitcoin has long been shaped by its halving mechanism, creating a relatively regular 4-year cycle. But as the supply boost from halving continues to fade, this endogenous cyclical driver is growing less significant. Woo highlighted that BTC’s current annual new supply makes up roughly 0.8% of its total supply, a figure set to fall further to 0.4% going forward. Meanwhile, short-term debt cycles in traditional financial markets typically span 6 to 8 years, leading him to argue Bitcoin may be gradually transitioning from its prior 4-year cycle to a 6 to 8-year one. The present period could mark the transitional stage of this cyclical structural shift.

Analysis: Bitcoin Poised for a Golden Cross, Decline in USDT's Dominance Signals Rising Risk Appetite

Bitcoin is currently approaching the formation of a "golden cross" technical pattern, where the 50-day moving average crosses above the 200-day moving average. This indicator is widely regarded by the market as a signal of a long-term uptrend. While its historical performance does not accurately predict market movements every time, this golden cross may receive further support from USDT’s declining market dominance. Bitcoin has seen a total of 12 golden crosses in its history, with several periods delivering significant rallies. Statistics show that among the 9 measurable golden crosses, the average 3-month gain is roughly 24.9%; cases where the cross holds for a full year without being invalidated by a "death cross" are rare, but the average 1-year gain of the previous 3 such instances reached 250%. Meanwhile, USDT’s market dominance is approaching a "death cross"—its 50-day moving average has fallen below the 200-day moving average. The market typically views a decline in USDT’s market share as a sign of rising risk appetite, meaning funds may flow from stablecoins to Bitcoin and other crypto assets. Currently, Bitcoin’s golden cross and the signal of falling USDT dominance are emerging simultaneously, indicating recent market momentum is strengthening and risk asset allocation sentiment may be improving.

Bitcoin breaks through $78,000, with a 0.57% gain in the past 24 hours.

According to HTX market data, Bitcoin has broken through $78,000, currently trading at $78,037.08, with a 0.57% gain in the past 24 hours.