Bitcoin (BTC) — Onchain News & Whale Tracking

Prominent trader Killa: Bitcoin will hit a new all-time high next year, and the biggest mistake would be staying on the sidelines.

Well-known trader Killa stated in a post that Bitcoin will hit a new all-time high next year, and it won’t even matter if you end up buying at $100,000. These price levels will all be left behind as time passes, and the biggest mistake is staying on the sidelines.

Greeks.live: Bitcoin nears the option trading concentration zone, upward pressure may increase.

Greeks.live researcher Adam noted in a post that the rapid rally has greatly lifted market sentiment. Beyond gains in major cryptocurrencies like Bitcoin, all sectors have shown clear signs of recovery. However, as the market’s rally pace slows, key investors in the options market have significantly cut their expectations. The implied volatility (IV) of short- and medium-term options has fallen sharply, rising by only 10% compared to two weeks ago; long-term options have also seen a notable decline, with their increase less than 2% over the same period, reflecting investors’ reduced outlook on future volatility. Around 40% of options will expire at the end of this month, with the most concentrated positions at strike prices between $80,000 and $90,000. Additionally, Bitcoin’s price is currently in a dense trading zone, which will pose some resistance to upward breakthroughs.

US Pre-Market News Roundup: Strategy Resumes Bitcoin Purchases After Two-Month Hiatus; U.S. Military Strikes Iran on Sunday

Key pre-market news for US stocks on Monday: 1. Strategy added 4,603 BTC last week, its first purchase in two months, at an average price of $80,318; Bitmine added 53,501 Ethereum last week, marking its 65th consecutive week of accumulation. 2. US Central Command confirmed that US forces struck two Iranian rocket launchers in the Strait of Hormuz on Sunday (early morning Beijing time, August 31). This is the first time the US has publicly admitted to an attack on Iran since late July. 3. Jensen Huang said AI is bringing manufacturing back to the US and helping America lead the next industrial revolution. AI is creating demand, driving investment in the US’s aging power grids and sustainable energy, driven by market forces rather than subsidies. 4. Last week, the US signed a broad energy cooperation agreement with Venezuelan interim president Rodriguez. Trump said Sunday that the US will fill its strategic petroleum reserve with Venezuelan oil. 5. Barclays expects the Federal Reserve to raise interest rates by 25 basis points in both September and December this year. 6. Tom Lee believes that asset tokenization and AI agent finance will be the core narratives of the crypto market over the next five years, with Ethereum poised to become the underlying settlement layer of the global financial system, and ETH remains significantly undervalued relative to BTC at present.

MicroStrategy Resumes Buying Bitcoin After Two Months

Strategy disclosed that it spent $369.7 million to add 4,603 BTC to its holdings during last week (August 24–August 30). The purchase comes over two months after its last Bitcoin acquisition, when it bought 520 BTC in the week of June 15–June 21.

MicroStrategy’s Bitcoin holdings post unrealized gains of over $2.6 billion

According to HTX market data, Bitcoin is currently trading at $78,492. Strategy’s Bitcoin holdings are now sitting on an unrealized profit of over $2.602 billion. As previously reported, Strategy holds 845,050 Bitcoins in total, with a combined purchase cost of $63.73 billion, averaging $75,412 per coin.

Strive invests $143 million to add 1,800 Bitcoin to its holdings.

Strive CEO Matt Cole disclosed that the company spent $143 million to add 1,800 Bitcoin to its holdings at an average purchase price of $79,431, bringing its total Bitcoin holdings to 23,156 coins.

Nearly $80 million in Bitcoin buy orders were front-run, while a new address plans to go long near $75,000.

According to monitoring by TradingBeats (formerly Hyperinsight), a recently created address placed 30 non-position-reducing limit buy orders for BTC at 14:22 today, with prices ranging from $75,000 to $76,000. The total planned purchase volume is 1,046.7831 BTC, translating to a nominal value of approximately $79.032 million based on the order prices. The address currently holds no open positions; all 30 orders are identical in size at 34.892 BTC each, with each order valued between roughly $2.62 million and $2.65 million. BTC is currently trading at $78,689.4, meaning these buy orders are priced 3.42% to 4.69% below the current market rate. It is learned that this address was activated four days ago, receiving around $5.1 million in funds, after which it executed four short positions that yielded a profit of $330,000. If the orders are filled, this will mark the address’s first long position. On-chain perpetual and address analysis tool TradingBeats is now live, supporting real-time viewing of Hyperliquid data, enabling in-depth analysis from address tracing to whale operations, with comprehensive insights available at a glance.

Bitcoin holds above $78,000, the Japanese yen falls below the 160 threshold, and a strengthening US dollar continues to weigh on the crypto market.

Bitcoin is currently trading near the $78,000 level, down 0.04% over the past 24 hours, and still up around 1% over the past week. A stronger U.S. dollar and shifting interest rate expectations have weighed on the broader crypto market, with Solana and Dogecoin leading losses of around 2%, followed by Hyperliquid and XRP; Ethereum, BNB, Zcash, and TRON remained largely flat. Meanwhile, the Japanese yen fell below the 160 level against the U.S. dollar, trading near that threshold in Tokyo markets. Market strategists believe that a further depreciation of the yen to around 161 could trigger intervention, while the 162-163 range would face stronger intervention pressure. Following Federal Reserve Chair Waller’s speech at Jackson Hole, market expectations for higher U.S. interest rates rose, bond investors began pricing in the possibility of a Fed rate hike, and the U.S. dollar strengthened accordingly. This round of interest rate repricing has previously led institutional funds to pull out of Bitcoin ETFs. August 31 marks the final trading day of the month, so the market will closely monitor monthly fund flows into Bitcoin ETFs.

Tom Lee: Four Key Catalysts Could Trigger Ethereum (ETH) Rally; If Bitcoin (BTC) Rises to $150,000 and ETH/BTC Returns to 0.04, ETH Could Reach $6,000

Bitmine Chairman Tom Lee recently told the Milk Road Show in an interview that asset tokenization and AI agent finance will be the core narratives driving the crypto market over the next five years. Ethereum is poised to become the underlying settlement layer of the global financial system, and ETH remains severely undervalued relative to BTC. Lee projects ETH could be boosted by four key catalysts in the remainder of 2026: the U.S. Clarity Act is expected to pass in September, over-the-counter short positions and sidelined funds returning to the market, Asian funds reallocating to crypto assets, and global institutional fund managers chasing top-performing crypto assets amid quarterly performance pressures. He forecasts the ETH/BTC exchange rate will retest its historical high of 0.08. Even a conservative recovery to 0.04 would put ETH at $6,000 if BTC hits $150,000. Lee also stressed Bitcoin still has long-term upside, but the crypto industry’s bigger overarching trends over the next five years will be the "full asset tokenization super cycle" and "AI agent finance".

Metaplanet transferred 1,600 Bitcoin to two new wallets.

According to monitoring by Onchain Lens, Metaplanet has transferred 1,600 BTC (valued at approximately $124.36 million) to two newly created wallets.

Bitcoin saw significant gains in August, yet spot demand remains at historic lows.

According to CryptoQuant analyst Darkfost, despite Bitcoin’s 30% rally in August, combined centralized exchange (CEX) spot trading data shows that Bitcoin spot demand remains at historically low levels, comparable to the levels seen in September 2023. Taking Binance as an example, this leading CEX still boasts the highest spot trading volume in the industry, though its figure has fallen from $198 billion to $44 billion. Notably, this number is $1.6 billion higher than in July, marking the first emerging sign of stabilization. Darkfost notes that if trading volume rises in tandem with price, it will act as a strong signal indicating the start of a new Bitcoin bull market cycle.

The crypto market has halted its decline and rebounded, with Bitcoin returning to $78,000.

According to HTX market data, after a sharp morning sell-off, the crypto market has stabilized following its earlier decline. Bitcoin is now trading at $77,992.90, with a 0.47% rebound in the past hour, while Ethereum stands at $2,432.38, up 0.71% over the same period.

Bitcoin breaks through $79,000, Ethereum surpasses $2,500.

，据 HTX 行情信息，比特币突破 79,000 美元，24 小时涨幅 1.49%；以太坊突破 2500 美元，24 小时涨幅 2.48%。

Perspective: On-chain retail Bitcoin (BTC) activity has hit a two-year high, and the minor pullback appears more like position rotation rather than a market top.

CryptoQuant analyst Darkfost stated that on-chain retail Bitcoin activity has reached a two-year high. The current slight pullback from the $80,000 level is more of a rotation than a market top, Bitcoin’s medium-term demand remains strong, and investor demand for the cryptocurrency has increased by 17.4% over the past 30 days.

Michael Saylor releases Bitcoin Tracker update: "We're ₿ack"

Michael Saylor, founder of MicroStrategy, has shared updates on the firm’s Bitcoin Tracker, with the caption “We're ?ack.” Per its historical pattern, MicroStrategy typically discloses news of additional Bitcoin purchases on the day following such announcements. Notably, the firm’s most recent disclosure of increased Bitcoin holdings was on June 22, 2026, and it has not released any updates related to its Bitcoin Tracker in the past two weeks.

Analyst: Bitcoin’s realized market capitalization has notched its strongest growth since the start of the current bear market, adding over $4.6 billion in the past week.

CryptoQuant analyst Darkfost stated that Bitcoin’s weekly realized market capitalization has continued to rise, increasing by more than $4.6 billion over the past week, indicating that capital inflows are supporting BTC’s current rally. This marks the strongest realized market cap growth for Bitcoin since it entered the bear market, with its trend pattern also resembling certain phases of the previous bear market. Realized market cap growth does not fully equate to new capital inflows, as some investors who bought at high levels may choose to sell at a stop-loss, thereby forming new UTXOs at lower realized prices. However, judging from BTC’s concurrent price movement, market demand still outweighs the associated selling pressure. He noted that while this change is a noteworthy short-term signal, its overall magnitude remains limited: the 30-day average change rate of realized market cap is only 0.4%, which is currently insufficient to confirm a sustained shift in market trend, requiring further data for validation.

Analyst: Bitcoin’s daily chart shows hidden bearish divergence, forming a key resistance near $80,000

Crypto analyst Rekt Capital has published a technical chart analysis for Bitcoin, pointing out that Bitcoin’s phase lows in February and June 2026 both landed in roughly the same price range, while the Relative Strength Index (RSI) also sat at nearly identical oversold levels. Following both bottoming events, BTC rallied to around $80,000. He noted that compared to the May 2026 high, this time when BTC rose back to roughly $80,000, the RSI’s overbought level was markedly higher, yet the price itself formed a lower high. The RSI’s higher high paired with the price’s lower high creates a hidden bearish divergence on BTC’s daily timeframe at the key psychological resistance level of approximately $80,000. This hidden bearish divergence will persist as long as BTC fails to break out and form a new higher high.

A prominent trader says Bitcoin is likely to fluctuate within the range of $71,000 to $82,000, and remains bullish on an upward breakout.

Prominent crypto trader Doctor Profit said bearish sentiment for Bitcoin is likely to intensify in the coming days, putting greater pressure on bulls. He believes the market may use short-term price volatility to flush out late bullish entrants and weak-handed holders. Doctor Profit projects BTC will consolidate in a range of $71,000 to $82,000, with $71,000 as the range floor and $82,000 as the key resistance to break. He remains bullish on BTC’s eventual upside breakout, regardless of whether it comes on the first or third attempt. Doctor Profit emphasized that he is currently not shorting or selling, and continues to hold his spot positions established around $62,000.

Analyst: Bitcoin short-term holders’ unrealized profit is nearly 15%, facing profit-taking pressure near the $80,000 level.

CryptoQuant analyst Darkfost said that during Bitcoin’s recent surge to $80,000, the average unrealized profit of short-term holders (STH) once approached 15%. The group’s current average cost basis is estimated at around $70,100, hitting the highest profitability level since July 2025. Darkfost argues that when short-term holders’ profits reach this zone, their position stability usually drops, and some investors may choose to take profits. Therefore, Bitcoin’s temporary stagnation near $80,000 is not unexpected, as short-term profit-taking could become a pressure that needs to be absorbed for further price gains.

Genius Group plans to resume buying Bitcoin in Q4, with the goal of growing its Bitcoin treasury to $827 million by fiscal year 2031.

Genius Group announces a $1.2 billion capital plan, intending to use the shelf registration declared effective by the U.S. SEC in July 2025 to raise funds for its dual AI and Bitcoin treasuries. The company’s board of directors has approved goals to build an $800 million AI treasury and an $827 million Bitcoin treasury by fiscal 2031, while boosting total assets to $2 billion. Genius Group plans to use perpetual preferred securities as its primary financing instrument, a method it says is designed to increase net asset value (NAV) per share and reduce dilution of common shareholders. The firm intends to first issue $12.5 million in perpetual preferred securities, which are expected to be non-convertible and pay floating returns monthly. Proceeds will be allocated to the AI treasury, Bitcoin treasury, and a U.S. dollar reserve covering approximately 18 months of preferred stock dividends; specific terms and timing of the offering have not yet been finalized. Currently, the company holds a net asset value of $106.6 million, with a NAV per share of $0.62, and its closing price on August 26 stood at $0.18 per share. Genius Group projects its NAV per share could rise to $2–$4 over the next five years, though this target depends on financing execution and market conditions. The firm previously exited its Bitcoin holdings and plans to resume purchasing BTC in the fourth quarter of 2026.

Well-known trader Killa: It is highly unlikely that Bitcoin will fall to $50,000 in October, and $62,000 has become the bottom of this cycle.

Renowned trader Killa stated in a post tonight that data from Bitcoin’s multiple bull and bear cycles shows the depth of bear markets is gradually shrinking, and the bottom of this cycle may have already formed. The expectation of some who missed out on gains that Bitcoin will fall to $50,000 in October is highly unlikely. However, Killa also pointed out that if Bitcoin drops to $61,000, the expected value of long positions being liquidated could reach as high as $20 billion, noting that market makers have the motivation and possibility to liquidate long positions before re-establishing new ones. Killa, a quantitative trader focused on BTC, previously predicted the peak of this bull market in May 2025 and has over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688 and switched to long positions during the broad market sell-off on June 5.

Bitcoin rebounds, briefly surging past $78,000.

According to HTX market data, Bitcoin has rebounded, briefly breaking through the $78,000 mark, and is currently trading at $78,007.56, with its 24-hour decline narrowing to 0.28%.

Yilihua: Bitcoin pullback is in line with expectations, and a drop to $75,500 will present a new opportunity.

Yilihua, founder of Liquid Capital, stated that Bitcoin has corrected as expected. If it continues to pull back to around $755, this will present an excellent new opportunity. He remains bullish on Bitcoin’s upward movement following a minor correction. Yilihua also emphasized the need for caution in trading, noting that even nine consecutive successful trades can be wiped out by a single 10th failed trade.

Jiang Zhuoer: Bitcoin will face its first test since August 19, and he has sold 50% of his ETH spot positions.

Jiang Zhuoer, founder of BTC mining pool B.TOP, posted that Bitcoin ETFs recorded net outflows on Friday, ending a 9-day consecutive inflow streak. Against the backdrop of Fed Chair Waller’s hawkish remarks, BTC will face its first test since the recent rally. Jiang also confirmed he sold 50% of his spot ETH positions during Friday’s price decline.

U.S. spot Bitcoin ETFs recorded a net outflow of $201.9 million yesterday.

Yesterday, U.S. spot Bitcoin ETFs recorded a net outflow of $201.9 million, ending their nine consecutive trading days of strong net inflows.

Bitcoin bulls still bet on a push to $84,000, with growing expectations of a September interest rate hike failing to alter their long-term bullish sentiment.

After Fed Chair Walsh delivered a hawkish signal at the Jackson Hole Annual Meeting, Bitcoin rallied then pulled back, falling as low as $76,877 on Friday—sharply retreating from its overnight high of $81,455—and closing at $77,557, down 3.39% on the day. Earlier this week, Bitcoin had notched double-digit gains, but the $81,000–$82,500 resistance zone capped its upside again. Walsh noted that U.S. inflation is falling too slowly, and the Federal Reserve "has more work to do" before hitting its 2% inflation target, prompting markets to sharply raise bets on a September rate hike. CME FedWatch data shows the probability of a September rate hike rose to 55.7% from 35.4% the prior day. The hawkish shock also triggered mass liquidations of leveraged positions in the crypto market, with roughly $481 million in total liquidations over the past 24 hours, including more than $360 million in long liquidations. However, the market’s long-term bullish sentiment has not reversed significantly. Prediction market data shows traders currently assign a 77% probability that Bitcoin will hit its next major target of $84,000, and a 23% chance it will fall to $55,000; Friday’s pullback has not altered these odds for now. On the fundamental front, U.S. spot Bitcoin ETFs have posted net inflows for 8 consecutive trading days as of Wednesday, drawing roughly $2.8 billion in total—marking the longest such inflow streak since April. Technically, Bitcoin’s RSI stands at around 69.7, not yet in the extreme overbought territory that triggered prior pullbacks. Should it fall further, the $73,670–$75,157 zone will act as a key defense level for bulls, while reclaiming the $81,000–$82,500 range is critical to opening up new highs. In the short term, Walsh’s downplaying of forward guidance means markets lack a clear policy path ahead of the next FOMC meeting, and Bitcoin is likely to remain highly volatile amid inflation data and shifting rate expectations.

Capital B completes €21 million funding round to accelerate its Bitcoin treasury firm strategy.

French company Capital B announced it has raised €21 million in funding to accelerate its strategy as a Bitcoin treasury firm.

Bitcoin briefly fell below $77,000.

According to HTX market data, Bitcoin briefly dipped below $77,000, currently trading at $77,119, with a 4.22% decline over the past 24 hours.

Bitcoin briefly fell below $78,000.

According to HTX market data, Bitcoin briefly dipped below $78,000, currently trading at $78,099, with a 2.86% decline in the past 24 hours.

View: Demand for Bitcoin put options declines, traders are betting on further upside.

Glassnode noted in a post that Bitcoin has rebounded sharply, approaching $80,000 again, with the options market also starting to send more positive signals. Bitcoin’s open interest (OI) in options has risen in tandem with its price, now nearing 550,000 BTC, indicating a notable recovery in derivatives market capital and participation. Meanwhile, DVOL has surged to around 41, signaling renewed market demand for volatility, though it remains well below the earlier high volatility range of 50 to over 60, meaning the overall market has not yet entered an extreme state. Looking at the options structure, the 25 Delta Skew has narrowed significantly across all maturities, with short-dated skew even turning negative, indicating that market demand for downside protection is declining and positions are gradually shifting toward a more balanced or bullish bias. After Bitcoin broke through $70,000, it has now entered a dense Gamma zone between $75,000 and $80,000, with long and short option exposures concentrated near key strike prices. As positions continue to adjust, this could further amplify the price’s sensitivity to changes in the options market. Recent options flows have been concentrated near $72,500 and $79,250, with significant call option buying at both strike prices, while put option demand remains relatively limited, showing traders are betting on further upside for Bitcoin. Overall, Bitcoin’s rebound has driven continuous repair of options market positions, with downside protection demand falling and call option flows strengthening. While volatility has rebounded, it remains at a relatively moderate level; if upward momentum persists, the options market still has room for further repricing.

UK police seize 20.21 bitcoins traceable to darknet markets.

UK police recently announced that its financial investigation unit has recovered 20.21 Bitcoin, plus additional crypto assets and bank account funds, totaling $1.4 million (equivalent to ￡1,032,487.86). The suspect in the case had prior money laundering convictions and has since died. With assistance from the police’s cyber team, investigators traced the assets to darknet markets operating between 2016 and 2019. The police said the now-shuttered websites facilitated crimes such as drug trafficking and human trafficking, but did not disclose their specific names.

Capital B completes a €21 million capital increase, and plans to purchase an additional approximately 270 bitcoins.

French Bitcoin reserve-listed firm Capital B (The Blockchain Group) announced the completion of a private placement round, issuing roughly 36.22 million warrant-linked shares (ABSA) to global institutional investors at €0.58 per share, generating gross proceeds of around €21 million, with net proceeds of approximately €19.9 million after related expenses. The round’s strategic investors include Bitcoin early developer Adam Back and asset management firm TOBAM, while Maxim Group acts as the exclusive placement agent. Capital B stated the funds will be used to advance its Bitcoin treasury strategy, with plans to acquire an additional ~270 BTC. Upon deal completion, the company’s Bitcoin holdings are projected to rise to around 3,415 BTC.

Analyst: Bitcoin is forming a bottom structure similar to that of 2022, with $83,000 as the key resistance level.

Crypto analyst Ali Charts has posted that Bitcoin’s current price action is forming a fractal structure similar to that of the 2022 bottom phase. In 2023, after breaking through its long-term downtrend, Bitcoin first tested the prior year’s August high, then pulled back to around $20,000 before resuming its upward trajectory. Drawing on this historical structure as an analogy, the corresponding key level to watch now is near Bitcoin’s May 2026 high, roughly $83,000. If Bitcoin faces resistance in this zone and pulls back, it could present the next major buying opportunity. However, this judgment is based on historical fractals and does not mean the trend will necessarily repeat.

Yi Lihua: Bitcoin may see a minor pullback in the short term, and plans to close long positions near $86,000.

Liquid Capital founder Yi Lihua stated that Bitcoin has yet to break through the resistance level near $81,000, and expects a minor pullback in the coming days before resuming its upward trajectory to breach that zone. The next key resistance level to watch is around $86,000. He plans to close his long positions when Bitcoin nears $86,000, as this level could trigger a substantial pullback. Still, he maintains that the bull market trend has already arrived: even if prices enter the resistance zone and turn short-term bearish, he will only close out long positions, not open any short positions.

BlackRock: Bitcoin’s “safe-haven/anti-devaluation” narrative has returned to the center of the market.

Bitcoin has recently returned to the $80,000 mark. BlackRock’s head of digital assets, Robbie Mitchnick, believes the market is refocusing on Bitcoin’s safe-haven attributes and its role as a hedge against currency devaluation. Unlike previous rallies that largely tracked the Nasdaq and tech stocks, this upswing appears to be a macro repricing driven by growing concerns over debt, deficits, and the U.S. dollar’s creditworthiness. This assessment aligns with recent market movements. Bitcoin has rebounded sharply from its $60,000 range low, briefly topping $81,000; meanwhile, gold has also held strong, with U.S. long-dated Treasury yields and U.S. fiscal sustainability emerging as key market talking points. BlackRock argues that when debt, deficits, and currency devaluation return to investors’ radar, scarce assets like Bitcoin and gold will see stronger allocation demand. Funding conditions have also shown signs of improvement. Spot Bitcoin ETFs posted a net inflow of around $2.4 billion in August, marking one of their strongest months so far this year. Meanwhile, Bitcoin’s correlation with the Nasdaq has declined significantly, with some traders noting its recent performance is more similar to gold’s. This signals that the market is shifting back from "risk asset trading" to "macro hedging trading."

Yilihua: Bitcoin may experience a minor pullback in the short term, and plans to close long positions near $86,000.

Yihua Yi, founder of Liquid Capital, noted that Bitcoin has yet to break through the resistance level around $81,000, and is likely to see a minor pullback in the coming days before resuming its rally to breach that zone. The next key resistance level to monitor stands at roughly $86,000. He plans to close his long positions when Bitcoin approaches $86,000, as this level could trigger a substantial pullback. Still, he maintains that the bull market trend is already in place: even if the price enters the resistance zone and turns short-term bearish, he will only close out long positions, not open short ones.

Bitcoin hits resistance on rally, falls back below $80,000

According to HTX market data, Bitcoin briefly broke above $81,000 earlier this morning before pulling back, and is now trading below $80,000 at $79,929.99. Earlier, multiple analysts including prominent trader Killa and Garrett Jin, representative of the "BTC OG Insider Whale", pointed out that Bitcoin faces significant selling pressure in the $82,000 range.

Polymarket withdraws its application for NFL contracts, and secures approval for Bitcoin price contract licensing on the same day.

Prediction market platform Polymarket US has withdrawn two NFL player participation contract applications. The contracts, which had just been certified by the U.S. Commodity Futures Trading Commission (CFTC) the day prior, were pulled one day before their scheduled listing, with the platform offering no public reason for the withdrawal. The contracts are based on metrics including whether players will participate in at least one offensive or defensive play, and are set to be settled per official NFL game records, classified as binary option swaps. On the same day, Polymarket certified Bitcoin, Ethereum, and Solana price contracts with the CFTC — also binary option swap contracts in paired form.

Crypto whale sets 10 major goals: Bitcoin to hit $100k soon, has bought back two-thirds of its positions.

，巨鲸「先定 10 个大目标」昨夜发文更新其持仓变化，表示已在「7.8～7.98 美元区间接回三分之二的仓位了。基本上 10 万之前，很难看到像样的回调了。10 万美元很快就到。」

Garrett Jin: Bitcoin needs to digest selling pressure at $82,500, advises focusing on three key indicators

Agent of "BTC OG Insider Whale" Garrett Jin released market insights, noting Bitcoin is approaching a dense supply zone. The critical area remains $80,000 to $82,500, where a large number of Bitcoin’s on-chain cost levels are concentrated—formed during the final rally before the sell-off, though not all these tokens need to be traded. On the positive side, capital flow data is strong. As of August 26, U.S. spot ETFs have attracted inflows for eight consecutive trading days, totaling ~$2.8 billion. August’s inflows hit roughly $3.3 billion, the highest monthly amount so far this year. On-chain metrics show the 7-day moving average of net realized profit and loss is positive at ~$752 million, with realized profits near $1.1 billion and realized losses at $354 million. Despite overhead supply, spot demand is surging. Garrett Jin argues that a consistent close above $82,500 would signal full absorption of circulating supply (i.e., position turnover is complete). On the downside, the key level is $76,600, near short-term holders’ cost basis. A single-day close below this is manageable, but a real warning would trigger if at least two of three metrics deteriorate simultaneously: ETF capital flows, Coinbase premium, and the 7-day exponential moving average of net realized profit and loss. On-chain data reveals Garrett Jin’s address added 600 BTC long positions at $79,000 on the early morning of August 26, worth $47.4 million. He now holds 1,868 BTC long positions (valued at $147 million) with an average entry price of $77,090, posting an unrealized profit of $2.78 million.

Bitcoin briefly breaks through $81,000.

According to HTX market data, Bitcoin briefly surged past $81,000, currently priced at $80,901.71, with a 24-hour gain of 0.84%.

BlackRock’s crypto ETF received Bitcoin worth over $200 million and Ethereum worth $23.53 million over the past 9 hours.

According to monitoring by TradingBeats (formerly Hyperinsight), BlackRock’s crypto ETF has received 2,559.28 BTC (valued at over $205.6 million) and 9,340 ETH (worth $23.53 million) over the past nine hours.

Bitcoin’s 23% single-week rally has driven a sharp surge in mining stocks, with some mining shares outperforming AI-related stocks.

Bitcoin has rallied around 23% in a single week recently, driving a sharp rebound in the stocks of Bitcoin mining firms that had underperformed earlier. Some mining stocks have even outperformed AI infrastructure-related equities, indicating a renewed rise in investor attention to direct Bitcoin exposure. Data shows that Canaan, American Bitcoin, and Cango have gained between 41% and 67% recently. In comparison, CoreWeave rose around 21%, Nebius climbed 17%, and IREN increased 15%, while some mining stocks that had shifted to AI and high-performance computing (HPC) businesses earlier were largely flat or declined. BlocksBridge Consulting attributes Bitcoin’s recent rally to three main factors: the U.S. Treasury expanding its long-term U.S. Treasury bond repurchase scale, the Trump administration pushing Congress to pass the crypto market structure bill CLARITY Act, and a short squeeze triggered by Bitcoin’s breakout, which led to over $1.6 billion in crypto market liquidations within 24 hours. Notably, despite mining firms shifting to AI and HPC infrastructure in recent years, Bitcoin prices still have a significant impact on the performance of mining stocks. A previous analysis by BlocksBridge shows that since 2026, the AI and HPC business revenues of nine listed mining firms have reached around $341 million, while their related capital expenditures have hit $5.11 billion—meaning that for every $1 of AI-related revenue, mining firms have spent an average of about $15.

Grayscale: ZEC remains undervalued currently, with the potential to challenge Bitcoin's market share.

Grayscale Research stated in a report that Zcash (ZEC), a privacy-focused, Bitcoin-like decentralized digital currency, is poised to pose a genuine challenge to Bitcoin’s network effects. Grayscale highlighted Zcash’s unique advantages over Bitcoin: robust financial privacy, ongoing development to mitigate cybersecurity risks from quantum computing, and cross-chain connectivity via "intents" technology—traits that could grow increasingly critical in the AI-driven surveillance era. The firm noted ZEC has rallied roughly 19 times over the past year, yet its current market capitalization remains less than 1% of Bitcoin’s. Grayscale added this indicates there is still room for competition in the monetary crypto asset segment, suggesting Zcash could continue to expand its market share. However, the firm also stressed that investing in Zcash carries high risk; even if it successfully challenges Bitcoin, its growth is unlikely to be linear.

Bitcoin falls below $79,000

According to HTX market data, Bitcoin has fallen below $79,000, currently trading at $78,949.24, with a 0.1% daily decline.

Viewpoint: Bitcoin faces significant resistance in the $84,000 range, with potential support levels at $77,000 and $63,000.

According to analyst AliCharts, Bitcoin’s current price trajectory mirrors its bottom-forming phase in 2022–2023, having broken through a descending resistance trendline and approaching the ~$83,000 high from May 2026. This could spark a pullback that creates a buying opportunity, with a target of $100,000. Additionally, Bitcoin’s UTXO Realized Price Distribution (URPD) data indicates a major resistance zone between $83,307 and $84,569, where nearly 975,000 BTC was purchased. Coupled with traders holding a 25% profit margin, this zone is likely to trigger profit-taking and short-term corrections. Should a pullback occur, Bitcoin’s potential support levels stand at $76,996–$78,258 (with 843,000 BTC in trading volume) and $63,111 (with 925,000 BTC). A dip to these areas could offer another significant buying opportunity.

Bitcoin once again breaks through $80,000, with a crypto whale hinting it has gone long by setting 10 major targets.

According to HTX market data, Bitcoin has once again surpassed the $80,000 mark, currently priced at $80,175.72, with a 2.84% increase in the past 24 hours. Additionally, the crypto whale account "First Set 10 Big Goals" posted a message stating "The bull is back, hurry back", hinting that it has gone long on Bitcoin.

Justin Sun: Bitcoin will take a long time to achieve quantum-resistant consensus, and Tron plans to upgrade to a quantum-resistant network by the end of this year.

Justin Sun stated at Hong Kong’s "Bitcoin Asia 2026" conference that quantum threats pose a widespread risk to blockchain technology and the entire global financial system, with traditional banks including JPMorgan also facing such risks. However, due to the Bitcoin community’s high level of decentralization—encompassing multiple participants such as miners, exchanges, and WBTC—reaching consensus on anti-quantum measures would take a long time. Sun also noted that TRON has been developing anti-quantum mechanisms over the past year; it released an anti-quantum address scheme in the first half of this year, which has been deployed on the testnet, and plans to upgrade its entire network to an anti-quantum mainstream cryptocurrency network by the end of this year.

CZ: Diversification of crypto assets will be more beneficial for Bitcoin.

Binance founder Changpeng Zhao (CZ) told attendees at the Bitcoin Asia 2026 conference that the crypto industry would develop far more slowly if it only consisted of Bitcoin. "Having other blockchains does not weaken Bitcoin; Ethereum, BNB Chain, and other networks actually help Bitcoin grow. Without alternative blockchains, Bitcoin would be smaller. What benefits Bitcoin also benefits other blockchains, so this industry is not a zero-sum game—there is no need to compete by taking from each other," Zhao said. Bitcoin has its own unique value: it is the largest cryptocurrency by market capitalization, the most decentralized, and will remain a reserve asset for a long time to come, Zhao noted. However, other blockchains offer more innovation, making it easier to test new concepts there. If Bitcoin can later adopt those innovations, that would be ideal, he added. "Most Bitcoin maximalists also recognize that pushing only Bitcoin is not always the best approach. I am a firm supporter of Bitcoin. This is a Bitcoin conference, now called Bitcoin Asia. In the early days, the entire crypto industry was referred to as the Bitcoin industry; we later started using the term 'crypto'." Zhao also pointed out that the term "crypto" is not ideal: most ordinary people find it too intimidating and overly mathematical, creating a sense of distance for non-mathematical audiences. He noted that "Web3" is a better name. "Terms and labels don't matter much to me. I strongly believe we should drive the entire industry forward. There should be multiple blockchains, exchanges, decentralized exchanges, and products—everything should be diversified. This fosters competition, more innovation, and greater momentum. Since the industry's core principle is decentralization, we should embrace diversity with an open attitude, not pit one part against another."

CZ: The development of Real World Assets (RWA) will ultimately benefit Bitcoin, attracting U.S. stock market funds to enter the crypto market.

Binance founder CZ told attendees at the Bitcoin Asia 2026 conference: "Tokenized assets are a net positive for Bitcoin and the broader crypto industry. Those who understand Bitcoin will eventually explore other blockchains, tokens, and related areas; meanwhile, individuals entering the space through stock tokenization will also come to notice Bitcoin. For instance, right now in Hong Kong, Asians seeking to purchase US stocks face major barriers opening a brokerage account. For the small number who can secure US brokerage accounts, trading hours are highly inconvenient—US stock markets typically run from 11 PM to 4 AM daily. Tokenization actually democratizes access to stock markets, allowing people who couldn’t buy US stocks before to do so. They access these via crypto platforms, and once on these platforms, they are likely to gain exposure to Bitcoin that they wouldn’t have had otherwise. Over time, this effect will continue to build. So, what’s good for tokenized stocks is also beneficial for traditional stock markets and Bitcoin. I believe all these developments reinforce each other. The entire ecosystem is not a competitive space where one project goes up against another."