Bitcoin (BTC) — Onchain News & Whale Tracking

Viewpoint: Bitcoin has not hit a new high in nearly a year, and the historical pattern of quickly rallying to new highs after halving is now failing.

CryptoQuant analyst Darkfost noted that Bitcoin has not hit a new all-time high in nearly a year. As of now, it has been roughly 342 days since the last all-time high, approaching a full year. In previous cycles, Bitcoin would reach a new all-time high shortly after a halving, but this cycle’s pace has slowed. The next halving is expected around April 2028. Additionally, the interval between the previous cycle’s peak and the next all-time high has been shrinking: 1,180 days between 2014–2017, 1,094 days between 2017–2020, and 849 days between 2021–2024. Based on this trend, Darkfost inferred that if the shortening trend continues, even though Bitcoin has taken a year to break its prior all-time high this cycle, the new high may arrive faster than in previous cycles—there is no need to wait until 2028 under the old template of hitting a new high immediately after a halving. The cycle template is becoming less relevant, but the interval between new highs is shrinking and a new high is inevitable.

Garrett Jin: Bitcoin bulls are in an unfavorable position; the longer the bottom-digging market lasts, the higher the likelihood of breaking the support level.

Agent of the "BTC OG Insider Whale" Garrett Jin released a market outlook, stating that Bitcoin bulls are currently in an unfavorable position. BTC has been stuck above the $76,500 level, and he is not keen on this grinding bottom market. The longer this consolidation lasts, the more likely it is that this support level will be broken, leading BTC to seek a lower support rather than reversing immediately. For Bitcoin to look stronger, it must first reclaim and hold above the $78,300 level at minimum.

Analysis: The majority of investors who bought Bitcoin (BTC) in the past 3 to 6 months are reluctant to take profits at present, and have shifted to medium- to long-term trading.

Analyst Murphy says on-chain data can clearly reveal the trading sentiment of representative investors in the current phase. First, the group that bought BTC in the past 3–6 months has seen very little profit. In other words, most of those who bought at the bottom during this period are unwilling to take profits at current levels. These are the STHs (Short-Term Holders) closest to LTHs (Long-Term Holders). Traders not selling now are likely targeting medium- to long-term positions. Additionally, the group that bought BTC in the past 6–12 months has suffered significant losses, almost covering all tokens accumulated during the entire bear market. Many LTHs in this group are not genuine believers; they only became long-term holders passively after incurring unrealized losses. Thus, they are the most volatile group during every major dip or rally. From a macro cycle perspective, BTC will not fully enter its next phase until this selling pressure is gradually exhausted. Recently, Murphy published an article discussing why Bitcoin has struggled to break through the $82,000 level. First, STHs’ (Short-Term Holders) tokens are concentrated between $59,000 and $81,000. A break above $82,000 would trigger profit-taking from some short-term speculative capital, creating the first layer of selling pressure. Second, the most concentrated price range for LTHs’ (Long-Term Holders) tokens is exactly between $81,000 and $82,000. LTHs tend to exit when prices approach their break-even point, forming the second layer of selling pressure. The analyst notes that breaking through $82,000 is indeed a short-term resistance, as the market needs time to resolve divergences and absorb supply. Once the market regains momentum and successfully breaks through, the path ahead will be clear.

Bitcoin drops below $77,000, posting a 0.44% decline in the past 24 hours.

According to HTX market data, Bitcoin has fallen below $77,000, with a 24-hour decline of 0.44%.

Analyst: Bitcoin’s rally drives a slight rebound in activity among long-term holders, with the overall market set to remain relatively calm in 2026.

CryptoQuant analyst Darkfost stated in a post that this cycle could mark the most active period for Bitcoin Long-Term Holders (LTHs) in the current market cycle. Using the Coin Days Destroyed (CDD) heatmap to track relevant shifts, he explained that the metric counts how many days a Bitcoin is held before being spent or transferred, noting that LTH BTC transfers are generally linked to selling intentions. The uptick in LTH activity this cycle is likely fueled by increased market liquidity from spot Bitcoin ETFs and companies building Bitcoin treasury reserves. However, a rise in CDD does not always coincide with market tops—it can also signal capitulation by some holders. He added that Coinbase’s recent transfer of 800,000 BTC, a large portion of which had been held for over six months, also caused a temporary CDD spike, though such asset moves are one-off events. Currently, amid Bitcoin’s recent rally, LTH activity has edged up slightly, likely as some holders aim to lock in quick profits. Overall, however, such activity remains subdued in 2026, with long-term holders still waiting on the sidelines.

If Bitcoin falls below $76,000, the cumulative long position liquidation amount on major centralized exchanges (CEXs) will reach $394 million.

According to Coinglass data, if Bitcoin falls below $76,000, the cumulative long liquidation intensity on major centralized exchanges (CEXs) will reach $394 million. Conversely, if Bitcoin breaks above $78,000, the cumulative short liquidation intensity on major CEXs will hit $227 million. BlockBeats Note: Liquidation charts do not display the exact number of contracts awaiting liquidation or the precise value of contracts being liquidated. The bars on the chart represent the relative importance (i.e., intensity) of each liquidation cluster compared to adjacent clusters. Thus, the chart shows the degree of impact a given price level of the underlying asset will face. A higher "liquidation bar" indicates that once the price reaches that level, it will trigger a more intense reaction due to liquidity waves.

Analyst: Bitcoin has bottomed out, with $71,200 as the next potential buying zone.

Crypto analyst Ali Charts posted that Bitcoin has bottomed out. For investors who missed the buying opportunity below $60,000, BTC’s current rise to the $77,000–$80,000 range may feel anxiety-inducing, but chasing the rally now is not advisable. He noted that during previous bull markets, Bitcoin’s short-term holder cost basis has repeatedly served as an attractive accumulation zone. Reviewing market performance from 2022 to 2025, whenever BTC touched or briefly dipped below this cost basis, a macro buying opportunity emerged, followed by a sustained overall uptrend. Currently, Bitcoin’s short-term holder cost basis stands at around $71,200. Waiting patiently for BTC to pull back to this zone could offer a more favorable entry point for the next potential rally.

Revolut has disclosed that some users' KYC and Bitcoin transaction data may have been leaked, while its systems and funds remain unaffected.

Revolut disclosed that an unauthorized third party used an email address under the legitimate domain of a government agency to submit fraudulent requests for customer data access, exposing sensitive information of a small number of clients. The firm labeled the incident a "complex external impersonation scam", has blocked the relevant email, and stated its own systems and customer funds remain uncompromised. Potentially exposed data includes names, dates of birth, residential addresses, email addresses, phone numbers, copies of identity documents such as passports and driver’s licenses, identity verification selfies, account statements, IBANs, withdrawal records, and full transaction histories—including Bitcoin transactions. Mt. Gox’s former CEO Mark Karpelès has stated he is one of the affected individuals. Revolut has not disclosed the number of affected customers, whether the incident is limited to a single market, or the government agency whose domain was misused. The company has notified relevant government agencies, law enforcement bodies, data protection authorities, and financial regulators. On-chain investigator ZachXBT speculates the incident may be limited in scale but targeted high-net-worth users.

CryptoQuant: Bitcoin Needs to Break Through $81,700 to Confirm a New Bull Market

CryptoQuant Head of Research Julio Moreno noted that Bitcoin has temporarily stalled after a 24% rally over two weeks, currently trading in a range of $76,000 to $82,000. The overall trend remains bullish, but a breakout above the 365-day moving average near $81,700 is needed to confirm a new bull market; failure to do so could see prices continue consolidating within the range. On-chain data shows the immediate and primary supply resistance zone is between $77,100 and $80,200, where long-term holders sold a maximum of 539,000 BTC within 30 days this year. Subsequent resistance levels stand at $83,600 and $88,700, with the $88,700 area historically prone to active traders taking profits. Should Bitcoin turn south, the 200-day moving average near $70,000 may act as support; another support zone lies between $62,000 and $65,000, where long-term holders have accumulated roughly 476,000 BTC this year.

Bitcoin Suisse plans to cut up to half of its Swiss-based employees and shift some of its business overseas.

Bitcoin Suisse plans to cut up to 60 jobs in Switzerland, roughly half of its local workforce, while shifting some software development and back-office functions overseas. The Zug-headquartered firm has around 200 global employees and manages over $3 billion in digital assets under custody. It will also shutter its Copenhagen IT development hub, retain its Bratislava business center, and establish a new hub in Vietnam. CEO and co-founder Andrej Majcen noted that operations in Bratislava and Vietnam have far lower costs, adding that the restructuring is driven by the company’s international growth strategy, not the current challenging crypto market conditions. Bitcoin Suisse also aims to expand its offerings beyond crypto trading, custody, staking, and lending to include wealth and asset management services for high-net-worth individuals and institutional clients. Its Liechtenstein subsidiary secured authorization under the EU’s MiCA framework in June.

AI investment boom squeezes stock and bond allocations; institutions say Bitcoin could become the "third leg" of traditional portfolios.

Swiss crypto asset platform Bitcoin Suisse stated in its 2026 Crypto Wealth Management Report that surging AI investments, rising government debt, and growing stock-bond correlation are eroding the risk-diversification ability of the traditional "stock-bond mix", further boosting the necessity of allocating to Bitcoin. The report projects that major U.S. cloud computing companies will exceed $800 billion in AI capital expenditure this year, potentially hitting $1 trillion by 2027. Bitcoin Suisse notes that AI investments are concentrated in a small number of tech firms, while related infrastructure construction is accompanied by large debt financing, which may further amplify concentration risks in investment portfolios. Backtesting of traditional portfolios by Bitcoin Suisse found that adding 1%, 2.5%, 5%, or 10% Bitcoin to portfolios consisting of stocks, bonds, gold, and money market assets improves both absolute returns and risk-adjusted returns. Specifically, when shifting bond allocations to BTC, the annualized yield rises from 6.2% (without BTC) to 7.2% with a 1% BTC allocation and 8.6% with a 2.5% BTC allocation. The report clarifies that Bitcoin is not a traditional safe-haven asset, but its scarcity and return drivers distinct from stocks and bonds are expected to provide a new source of diversification for investment portfolios.

Jiang Zhuoer: Bitcoin may pull back after liquidating positions above $76,000, holds a full position of Bitcoin short orders plus Ethereum spot

Jiang Zhuoer, founder of BTC.TOP (formerly LTCMine Pool), stated in a post that the most likely scenario for Bitcoin right now is to first clear the high liquidation zone around $76,000, with Ethereum (ETH) simultaneously testing its liquidation zone near $2,665. After clearing the $76k zone, two subsequent scenarios emerge: a) Bitcoin stops its decline and rebounds before hitting $75k, after which it is more likely to rally back to $80k, even touching the high resistance zone of $83k to $84k before a major correction; b) If Bitcoin decisively breaks below $75k, it will trigger a correction corresponding to its prior rally from $64k, projected to reach $70k to $72k before entering the next phase of the bull market. Jiang added that next week’s bill vote and Federal Reserve announcements could serve as key catalysts, so he is maintaining a neutral position: full short positions in BTC paired with full spot holdings in ETH.

Well-known Trader: Bitcoin’s Persistent Short-Term Volatility Aims to Hunt Longs and Crush Their Confidence

Renowned trader Killa published an analysis noting that Bitcoin has been in repeated choppy swings recently, with the market repeatedly hunting long positions below previous lows—aimed at liquidating leverage and gradually eroding the confidence of long-position holders. Killa argues that this continuous stop-hunting behavior typically signals the market’s ultimate intent to reward longs, with the final sweep marking a local bottom before prices extend higher. A BTC-focused quantitative trader, Killa correctly predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, and shifted to a long position on June 5 amid the market’s broad sell-off.

Bitcoin derivatives open interest fell by approximately $1 billion over the past 24 hours, as the market cleared leverage amid sharp CPI-driven volatility.

According to data from crypto analyst @AxelAdlerJr, Bitcoin's futures contract open interest has decreased by 13,600 units over the past 24 hours, equivalent to roughly $1.051 billion. Separately, HTX market data shows Bitcoin experienced sharp short-term volatility after last night's CPI release: it dipped to a low of $76,000 before rallying to a high of $79,800, with the majority of contract leverage being liquidated during this period.

Analysis: Bitcoin sentiment indicator hits a two-year high, market frenzy is cooling down.

CryptoQuant analyst Darkfost stated that Bitcoin’s recent rally has lifted investor sentiment to its strongest level since March 2024. The market sentiment metric he tracked once surged above 89/100, entering the "extreme greed" territory. This indicator integrates multiple data points including the Fear & Greed Index, with a scale spanning -100 to +100, where -100 corresponds to extreme fear and +100 to extreme greed. Darkfost pointed out that extremely bullish or bearish market sentiment typically signals a potential trend inflection point. Currently, as prior market euphoria gradually recedes, the sentiment metric is cooling to a more normal level, while Bitcoin continues to struggle to defend its current price range.

Bitcoin's 'golden cross' emerged only to fail immediately, as Federal Reserve rate hike expectations rise to 86%

Bitcoin's daily chart "golden cross" only held briefly before failing again. On September 12, BTC briefly rose to $79,837, pushing the 50-day exponential moving average (EMA) above the 200-day EMA, but later pulled back to around $77,438, with the 50-day EMA falling back below the 200-day EMA. This move coincided with a sharp rise in expectations of Federal Reserve rate hikes. Latest data shows the U.S. core CPI month-over-month came in at 0.3%, higher than the market expectation of 0.2%; CME FedWatch data indicates the probability of the Fed raising rates by 25 basis points next week has climbed to 86.5% from roughly 69% following the CPI release. The market’s repricing of rate hikes put pressure on risk assets, leading Bitcoin to give up its earlier gains. However, Bitcoin’s medium-term trend has not fully turned bearish. The 4-hour timeframe’s 50-period EMA remains above the 200-period EMA, so the golden cross still holds; the daily Average Directional Index (ADX) stands at 45, signaling the overall trend remains strong. Meanwhile, the 4-hour Relative Strength Index (RSI) dropped to 43.3, with short-term momentum cooling significantly.

Yesterday, U.S. spot Ethereum ETFs posted a net inflow of $216.4 million, while U.S. spot Bitcoin ETFs recorded a net outflow of $13.2 million.

According to Farside's monitoring, U.S. spot Ethereum ETFs posted a net inflow of $216.4 million yesterday, while spot Bitcoin ETFs recorded a net outflow of $13.2 million, marking their fourth consecutive trading day of net outflows.

Morgan Stanley’s MSBT boosts its Bitcoin holdings by $4 million, with total inflows exceeding $50 million over two weeks.

According to monitoring by Onchain Lens, Morgan Stanley’s Bitcoin Trust (MSBT) received 51.58 BTC via Coinbase Prime approximately 5 hours ago, valued at around $4 million. Over the past two weeks, MSBT has accumulated a total of 641.87 BTC through related transfers, worth approximately $50.6 million at current prices. Official information from Morgan Stanley shows that MSBT is a spot Bitcoin product that holds actual BTC, with custody services provided by BNY Mellon and Coinbase Custody.

Blockstream Refuses to Pay Ransom: Stolen Bitcoin from Liquid Will Be Tracked and Recovered Through Legal Channels

Blockstream released a statement regarding the recent Bitcoin theft on its Liquid Network, stating it will not pay a ransom to recover stolen funds and rejects framing the unauthorized asset transfer as a "white hat disclosure". The company said it has engaged in good-faith communications with relevant parties to retrieve users' stolen funds, but will not accept the ransom demands put forward, nor set a precedent requiring open-source software developers to pay large ransoms. Blockstream added it remains willing to resolve the issue through responsible means; if the stolen Bitcoin cannot be returned, it will collaborate with law enforcement, exchanges, service providers and blockchain forensics experts to track and recover the assets while investigating those responsible. The company emphasized that Bitcoin transactions are publicly traceable, so relevant fund flows and on-chain evidence will not disappear. It stated: "We will not pay a ransom to return stolen assets, nor will we abandon our users." Prior to this, Blockstream had issued a security alert on the incident, warning that fraudsters impersonating Liquid and Blockstream are exploiting the situation to trick users into transferring funds or providing mnemonic phrases, and stressing that the official team will never ask users to send funds to so-called "recovery addresses".

Binance's BTC reserves rise to 693,000, hitting a two-year high, with Bitcoin facing a resistance level of $85,000.

Binance’s Bitcoin reserves have climbed to 693,000 coins, hitting a two-year high, an increase of roughly 77,000 since the end of April, and accounting for about 30% of total Bitcoin reserves across major trading platforms. As reserves surge, Bitcoin is facing strong supply pressure near the $83,000 to $85,000 range. Rising BTC balances on trading platforms mean more Bitcoin is available for immediate trading or sale in the market, though this does not equate to an imminent sell-off of these holdings. The market is also closely monitoring downside support levels. If BTC fails to hold the $75,000 level, selling pressure risks could escalate further; if it breaks through $85,000 with significant volume, it would signal that market demand is capable of absorbing the new liquidity on trading platforms.

Analysis: Why Bitcoin Can’t Break Through $82,000? Concentrated Gameplay Between Long-Term Holders, Short-Term Holders and Whale Groups

Analyst Murphy published a report explaining why Bitcoin is struggling to break through the $82,000 threshold, noting clues can be found in its coin holder distribution structure. First, Short-Term Holder (STH) coins are concentrated between $59,000 and $81,000 (marked red in Figure 1). A break above $82,000 would put all STHs in profit, prompting some short-term speculative funds to take profits, creating the first layer of selling pressure. Second, Long-Term Holder (LTH) coins are distributed across the entire price range, but their most concentrated price peak lies exactly between $81,000 and $82,000 (marked blue in Figure 1). Not all these LTHs are true "HODLers"—some are investors who got stuck in positions and became long-term holders passively, and may exit when prices approach their break-even points, forming the second layer of selling pressure. Additionally, this price level is also a hub for super whales: the group of whales holding over 100,000 BTC has two clusters near $40,000, with the rest concentrated between $78,000 and $82,000. The analyst believes there is indeed short-term resistance to breaking $82,000, as the market needs time to resolve divergences and absorb supply. Once the market regains momentum to break through, the path ahead will be clear.

Bitcoin falls below $78,000, with its 24-hour gain narrowing to 1.11%

According to HTX market data, Bitcoin has fallen below $78,000, with its 24-hour price gain narrowing to 1.11%.

Crypto whale sets 10 major targets: Bullish trend remains unchanged, Bitcoin successfully holds $74,000 after CPI shock

Whale "First Set 10 Big Goals" stated after today’s U.S. CPI data release triggered Bitcoin’s short-term "pin dip" to $76,046 that the leading cryptocurrency has not fallen below $74,000, and its bullish trend remains intact. The whale referenced an August 25 tweet in which he asked, "Which is more likely right now: a reversal or a major rally?" In that post, he noted the trend had reversed. "This round of momentum has been more intense than I initially imagined, so we can be bolder in our outlook. I believe it’s still not too late to enter at $80,000 or even above $80,000—there’s still room to grow. It’s very likely that $100,000 will be reached earlier than I originally expected."

Grayscale: Zcash mining profitability is significantly higher than Bitcoin’s, with mining activity surging more than 2.5 times this year.

Grayscale Research Director Zach Pandl published an analysis noting that Zcash (ZEC) is a cryptocurrency similar to Bitcoin but with additional privacy features, with both networks secured via proof-of-work (PoW) mining. Driven by Zcash’s strong token price performance, its mining has become highly profitable. While Bitcoin’s network is far larger—with daily total miner rewards of roughly $35 million versus Zcash’s ~$2 million—Zcash is more favorable for individual miners. Grayscale estimates that Zcash offers around twice the daily reward per mining rig and four times the reward per megawatt-hour (MWh) compared to Bitcoin, though their mining hardware is not interchangeable. Additional data shows Zcash’s current per-MWh mining yield is even higher than that of some AI/high-performance computing cloud services. This higher profitability is spurring more mining activity: measured by standard hashrate metrics, Zcash’s total network mining activity has grown over 2.5 times this year. This forms a virtuous cycle: higher token prices drive more mining, which enhances network security, and stronger security in turn helps sustain elevated prices. Grayscale concludes that at current valuation levels, Zcash mining is very profitable, attracting more hashrate and supporting network security.

Bitcoin rallied more than $3,000 after the CPI release, breaking above $79,000.

Per HTX market data, Bitcoin rallied more than $3,000 after the CPI release, breaking through the $79,000 threshold to currently trade at $79,301, with a 2.68% 24-hour gain. Earlier, it experienced a short-term pin dip to $76,046.

The crypto market is rallying sharply despite interest rate hike expectations, with Bitcoin topping $79,000 and DeFi sector tokens leading gains in the altcoin market.

Per HTX market data, after today's CPI release, the crypto market has rallied strongly following a sharp trading "pin" despite markets pricing in a nearly 90% chance of an interest rate hike next week. Bitcoin is now at $79,300, having rebounded more than $3,000; Ethereum broke above $2,600, surging 8.8% in 24 hours; SOL trades above $105, BNB above $740, ZEC above $1,200, and HYPE at $83.5. DeFi sector tokens are leading gains in the altcoin market, with Solana and Ethereum-based DeFi tokens posting the largest increases. Key gainers include: RAY up over 28% at $1.65, MET up over 23% at $0.266, LSK up over 20% at $0.131, MARSCOIN up over 19% at $0.134, THETA up over 18% at $0.203, DOGS up over 12% at $0.00000518, EIGEN up over 11% at $0.225, SYRUP up over 10% at $0.226, AERO up over 9% at $0.600, UNI up over 9% at $6.49, and NEAR up over 9% at $2.66.

After the CPI "dust settles" moment, global markets have rallied strongly: Bitcoin rebounded from a low to hit $78,000, and US stock index futures maintained their upward momentum.

Although U.S. August CPI rose at a faster pace, lifting rate hike expectations, with a roughly 90% probability of a Federal Reserve rate hike priced in for next week, and markets fully anticipating two additional Fed hikes by year-end, global markets still performed strongly after the widely expected move. In the crypto space, per HTX market data, Bitcoin briefly plunged to $76,046 in a short-term flash dip, and has since rebounded to $78,000. Ethereum broke above $2,500. In U.S. equities, per BIT (bit.com) market data, pre-market Dow Jones futures rose 0.8%, Nasdaq futures gained 0.82%, and S&P 500 futures advanced 0.73%. Per Bitget market data, spot gold has rebounded more than $70 from its post-CPI low, breaking above $4,360 per ounce, after earlier touching a low of around $4,290 per ounce.

Bitcoin surges past $78,000, posting a 1.14% gain in the past 24 hours.

According to HTX market data, Bitcoin has surged past $78,000, with a 1.14% gain over the past 24 hours.

Following the release of CPI data, Bitcoin saw a short-term flash dip to $76,046, and is currently trading at $77,134.

According to HTX market data, following the release of CPI figures, Bitcoin saw a short-term wick dip to $76,046 and is now trading at $77,134.

Jiang Zhuoer: Liquidated his entire Bitcoin position at $77,226

Jiang Zhuoer, founder of BTC mining pool B.TOP, posted that he has sold his entire BTC position at $77,226. In a post yesterday, Jiang noted that following the release of the latest U.S. PPI data, the probability of the Federal Reserve raising interest rates has risen to 70%, and he expects tomorrow’s CPI data will also not be favorable, adding that he has prepared to go short.

Bitcoin's golden cross fails again: Instead of rallying after the signal formed, Bitcoin declined, and historical data shows gains often materialize in advance.

Analysts note that Bitcoin formed a golden cross earlier this week, a technical indicator where the 50-day moving average crosses above the 200-day moving average, typically seen as a precursor to a bullish trend. However, this signal failed to materialize again: before the cross formed, Bitcoin had rallied from $62,000 to $82,000, and after the cross appeared, it instead pulled back from around $80,000 to near $77,000. Historical data shows Bitcoin tends to see most of its gains before a golden cross forms, with a pullback occurring shortly after the signal emerges, making the golden cross more of a lagging indicator. This pattern has repeated multiple times in the past: in July 2021, Bitcoin rallied from $35,000 to around $52,000 by September before forming a golden cross, then dropped to roughly $40,000; in early 2023, it rose from $16,000 to $23,000 and formed the cross in February, pulling back to about $20,000 in March; in October 2024, it climbed from $54,000 to $70,000 before the cross, then fell to around $67,000 by November; in April 2025, it bottomed near $76,000, rallied to roughly $110,000 in May, and after the cross formed, it corrected to about $100,000 in June. Analysts argue that while the golden cross is viewed as a long-term bullish signal, a significant portion of the gains may have already been realized by the time the signal emerges.

Analysis: After a short squeeze, Bitcoin’s profit-taking supply ratio has risen rapidly; historically, buying pressure from such events tends to fade quickly.

Crypto analyst @AxelAdlerJr says Bitcoin’s profitable supply ratio has climbed to 69%, with a 90-day increase of +41%, aligning with BTC’s current price of roughly $77,000 — a sign that the recent price rally has notably improved holders’ profit positions. @AxelAdlerJr stresses that much of the current buying comes from mechanical repricing after short squeezes, rather than continuous spot buying. Historically, this kind of sharp upward momentum often fades rapidly, making a pullback or sideways consolidation likely in the near term.

A prominent trader pointed out that Bitcoin has rallied more than 5% each time following the past three CPI releases, and this time it may replicate this upward trend.

Well-known trader Killa has shared statistics showing that after the last three U.S. CPI releases, BTC has risen more than 5% within 8 days. Killa believes the market has already priced in negative news, and a bear trap has been set. “We’ll see if a similar pattern emerges this time.” As a BTC-focused quantitative trader, Killa accurately predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then switched to a long position during the broad market sell-off on June 5.

Blockstream refuses to pay ransom for the 4,000 Bitcoin stolen from its Liquid Network protocol.

Blockstream tweeted that it will not pay a ransom to retrieve the stolen Bitcoin from the Liquid Network, stating that unauthorized acquisition of assets and refusal to return them constitutes theft, not responsible disclosure or white-hat behavior. Blockstream added that if the stolen funds are not returned, it will cooperate with law enforcement agencies, exchanges, service providers, and forensics experts to track, recover the assets, and identify responsible parties through all legal means, emphasizing that Bitcoin transactions are transparent and relevant evidence will not disappear. Blockstream is the primary developer and technology provider of the Liquid Network. On September 7, the Liquid Network reported that approximately 4,000 BTC had been withdrawn by a white-hat hacker, prompting the sidechain to suspend operations.

Symbiosis temporarily closed Bitcoin-related swap functions due to deployment updates.

Cross-chain protocol Symbiosis announced in a post that Bitcoin-related swap functions are temporarily unavailable due to ongoing deployment of relevant updates. All other swap functions and protocol operations remain fully operational. Subsequent progress will be released via Symbiosis' official channels.

Analyst: Bitcoin’s current demand is weak; if this fails to improve, it may enter a correction phase.

CryptoQuant analyst Darkfost noted in a recent post that Bitcoin’s current demand conditions are deteriorating, making it difficult for the cryptocurrency to sustain its current price levels. Data shows Bitcoin’s spot demand stands at negative 145,000 BTC, with the downward trend remaining stable; futures demand, while still positive at 74,500 BTC, has weakened significantly. Institutional investors, affected by the current macroeconomic environment, lack confidence in taking on Bitcoin risk, and the Coinbase Premium Index has dropped to -0.036, showing a clear negative trend. For ETF flows: Bitcoin, Ethereum, and Solana ETFs recorded net outflows of $282 million, $29.9 million, and $500,000 respectively, while XRP ETFs saw a net inflow of $5 million, leading to an overall net outflow of $308 million — the worst single-day performance for the sector in the past two months. If demand conditions fail to improve rapidly, the crypto market may enter a correction phase. Current macroeconomic and geopolitical news are the main drivers of market moves, and attention should also be paid to the impact of rapidly rising bond yields.

Yesterday, Bitcoin ETFs recorded a net outflow of $282.7 million, while Ethereum ETFs saw a net outflow of $29.9 million.

According to monitoring by Farside Investors, Bitcoin ETFs saw a net outflow of $282.7 million yesterday. Breakdown: ARKB recorded a net outflow of $164.3 million, GBTC a net outflow of $36.4 million, and FBTC a net outflow of $33.6 million. Ethereum ETFs posted a net outflow of $29.9 million, with FETH logging a net outflow of $25.2 million, ETHA a net outflow of $18.6 million, while ETHB and ETH registered net inflows of $13.9 million and $7.7 million respectively.

Crypto market continues its correction, with Bitcoin falling below $77,000 and ZEC dropping over 13% in 24 hours.

Ahead of Friday’s US Consumer Price Index (CPI) release, the bond market moved first: the 10-year US Treasury yield rose to 4.943%, and the probability of a Federal Reserve rate hike next week climbed to 71%. Surging oil prices and inflation pressures have sparked market concerns that the Fed may re-tighten monetary policy. US stock investors thus need to simultaneously cope with bond market pressure, persistent inflation, war-driven higher oil prices, and uncertainty over the Fed’s interest rate path. According to HTX market data, the crypto market continues its correction: Bitcoin fell below $77,000, trading at $76,700; Ethereum is at $2,440; BNB at $710.5; SOL at $99.03; ZEC at $1,083, down 13.6% in 24 hours. The total crypto market cap dropped 0.9% in 24 hours to $2.727 trillion. Leading altcoin movers include: Niu Lai (up ~39% in 24h, at $0.1074); SAGA (up ~27%, at $0.01793); RAY (up ~16%, at $1.451); IOST (down ~46%, at $0.000991); RVN (down ~23%, at $0.0023); KAT (down ~20%, at $0.00485). Per BIT (bit.com) market data, US stocks closed Thursday with the Dow Jones down 0.6%, S&P 500 down 0.58%, and Nasdaq down 0.65%. Nvidia (NVDA.O) fell 2.2%, Intel (INTC.O) dropped 5.5%, SK Hynix (SKHY.O) slid 5.2%, while Apple (AAPL.O) rose 3.5%. Spot gold came under pressure, falling nearly 2%, and silver dropped over 5%. Oil prices surged more than 6% on Thursday, with both WTI and Brent crude futures rising above $100 per barrel.

Bankrupt crypto ATM operator Bitcoin Depot has around a quarter of its devices acquired at a low price.

Crypto ATM operator Bitcoin Depot (BTM) has completed the sale of some of its assets after filing for bankruptcy protection in May. Publicly traded digital asset infrastructure firm Bitcoin Bancorp (BCBC) acquired 2,547 ATMs for just $620,750, representing more than a quarter of Bitcoin Depot’s over 9,200 total devices. Key factors behind Bitcoin Depot’s bankruptcy include a 49% year-over-year drop in first-quarter revenue, and a swing from a $12.2 million profit in the year-ago period to a $9.5 million loss. The company attributed its unsustainable business model to increasingly strict regulatory requirements.

Data: The concentration of top assets in the cryptocurrency market has rebounded to 2021 levels, with Bitcoin’s dominance reaching 66.6%.

CryptoRank reported that in 2026, the market capitalization concentration of the top 100 crypto assets (excluding stablecoins) has rebounded to the level seen in 2021. Among them, the "crypto version of the Magnificent 7" collectively accounts for 92.1% of the total market cap of these top 100 assets, with BTC alone taking up 66.6%—a significant increase compared to five years ago. This means the current crypto market growth is increasingly reliant on a small number of leading assets, while the broader altcoin market has seen a notable decline in its share of funding.

Glassnode: If Bitcoin breaks below its current support zone, the next key level to watch is $75,000.

Glassnode said in a report that Bitcoin (BTC) is currently capped by a long-term holder supply wall around $83,000–$85,000, yet investors are still accumulating BTC at current price levels. The on-chain analytics firm added that if BTC breaks below this emerging dense supply zone, the next key support level to monitor is $75,000; a further downturn could even see a full pullback to roughly $60,000, it noted. BTC faces notable cost-based resistance in the $83,000–$86,000 range, where long-term holders have acquired around 1.07 million BTC, with the densest cost cluster sitting near $85,000.

Bitcoin fell below $77,000, down 2% intraday.

According to HTX market data, Bitcoin has fallen below $77,000, currently trading at $76,974.40, down 2.06% on the day.

Following the release of U.S. unemployment data, Bitcoin formed a small downward wick, dipping to $77,399.

According to HTX data, Bitcoin formed a slight downward wick to $77,399 after the release of U.S. unemployment data, and is now trading at $77,551. The U.S. initial jobless claims for the week ending September 5 stood at 206,000, versus an expected 205,000, while the prior week’s figure was revised from 206,000 to 207,000.

Well-known trader Killa predicts that Bitcoin’s pullback will top out at just under $70,000, and the bottom gap does not necessarily need to be filled.

Renowned trader Killa stated in a social media post that Bitcoin has been consolidating sideways at the bottom for two months before rallying 27%, yet the market remains in disbelief. There is no inherent reason for the gap below to be fully filled, he explained. The gap initially formed due to the liquidation of roughly $6 billion in short positions—this is only the publicly visible liquidation data in the market. Against this backdrop, the gap does not need to be fully filled, and it is highly unlikely that it will be. During the rally at the end of 2022, only partial gap fills were observed at most, and even those were quickly bought back. If a similar situation plays out this time, BTC could test the $70,000 level, though this is not a certainty. Technically, Killa does not believe Bitcoin will return to his entry point for his 2x long position at $62,600, nor even to the average spot price he publicly shared of $65,800. The worst-case re-test scenario would be slightly below $70,000, potentially around $69,000, if some form of market capitulation occurs. No significantly deeper pullback is expected beyond that, and even that scenario would be a stretch. BTC is very likely to easily defend the $73,000–$75,000 range before ultimately rallying further toward $85,000.

Osmosis plans to seize assets from the attacker and will use community-held Bitcoin to cover the Alloyed BTC shortfall.

According to Osmosis officials, the solution proposal developed to address the earlier Nomic chain nBTC incident has been released and is now open for community discussion. Per the proposal, the Osmosis governance community will consider seizing the previously frozen attacker assets and using BTC held in the community fund pool to cover the remaining collateral gap, with the goal of restoring full collateral support for Alloyed BTC. The proposal still requires governance discussion and voting; asset seizure or collateral replenishment has not yet been completed.

Bitcoin falls below $78,000

According to HTX market data, Bitcoin has fallen below $78,000, with a 1.64% decline in the past 24 hours.

SGX opens Bitcoin and Ethereum perpetual futures to U.S. institutions, unlocking Asian crypto liquidity.

Singapore Exchange (SGX) has received authorization from the U.S. Commodity Futures Trading Commission (CFTC) under Regulation 48.10, allowing U.S. institutional investors to trade its Bitcoin and Ethereum perpetual futures. KC Lam, head of crypto derivatives at SGX, stated that the move connects U.S. traditional financial institutions with Asian liquidity pools, marking another milestone for crypto derivatives’ integration into the regulated traditional financial system. SGX launched Bitcoin (BTP) and Ethereum (ETP) perpetual futures in November 2025. As of August this year, their cumulative trading volume reached $5.8 billion, with around 400,000 lots, an average daily trading volume of roughly 1,300 lots, and a nominal value of $19 million. Bitcoin accounts for 66% of total open interest and 83% of average daily trading volume. SGX noted that the onboarding and access process for U.S. clients typically takes 2 to 4 weeks, and it expects to start serving U.S. customers in the next 1 to 2 months. Unlike crypto-native exchanges, SGX adopts traditional margin call and additional collateral mechanisms, with clearing members serving as an intermediate risk buffer, and does not accept stablecoins as collateral. SGX’s next plans include launching fixed-term futures and options for Bitcoin and Ethereum, and gradually expanding to other mainstream crypto assets.

Arkham: A Bitcoin whale finally capitulates after two years of holding, with unrealized gains exceeding $300 million at its peak.

According to Arkham’s monitoring, a Bitcoin (BTC) whale withdrew approximately $461.5 million worth of BTC from Coinbase two years ago and has not fully exited its position since. The whale’s holdings once posted an unrealized profit of around $315 million at BTC’s peak, while at this year’s July low, the position swung to an unrealized loss of roughly $100 million. Since August, the address has transferred about $82 million worth of BTC to Kraken, and currently holds roughly $418 million worth of BTC, with a current unrealized profit of approximately $40 million.

Bitcoin trades sideways at a high level, whale holdings see a slight decrease as the market awaits CPI data.

According to data from Alicharts, Bitcoin whale holdings have remained nearly unchanged over the past week, standing at around 5.23 million BTC. This aligns with Bitcoin’s sideways trading at high price levels. Alicharts notes that this indicates large investors are adopting a wait-and-see approach, waiting to take further action following the upcoming CPI report and FOMC meeting.

Yesterday, Bitcoin ETFs posted a net outflow of $120 million, while Ethereum ETFs registered a net inflow of $34.7 million.

According to monitoring by Farside Investors, U.S. spot Bitcoin ETFs logged a net outflow of $120 million yesterday. Specifically, IBIT saw a net outflow of $19.5 million, ARKB $78 million, and GBTC $27.2 million. Separately, U.S. spot Ethereum ETFs posted a net inflow of $34.7 million yesterday, with ETHA and ETHB attracting inflows of $9.7 million and $22.9 million respectively.