Bitcoin (BTC) — Onchain News & Whale Tracking

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.

Analysis: Liquidity remains weak during Bitcoin’s current rally, and a strong breakout above the $80,000 threshold will trigger a genuine return of liquidity.

Crypto analyst Darkfost’s data analysis shows that despite Bitcoin’s roughly 45% recent rebound, liquidity remains weak, spot demand is still relatively soft, and the 90-day moving average of cumulative volume delta stays neutral. In futures markets, meanwhile, buyers have clearly gained the upper hand. Separately, stablecoin inflows to centralized exchanges (CEXs) have slowed. For instance, Binance’s stablecoin reserves have fallen nearly $70 billion from their peak; more inflows will be required for the market to reach higher levels. Darkfost also stated that Bitcoin’s technical outlook remains relatively optimistic, and a strong breakout above $80,000 would be a key threshold for liquidity to truly return.

Historical iPhone vs. Bitcoin Price Comparison: The foldable iPhone Duo is worth 0.025 BTC

Apple today unveiled its first foldable iPhone, the iPhone Duo, alongside Chinese mainland pricing for its new iPhone lineup: the iPhone 18 Pro starts at 9999 yuan, the iPhone 18 Pro Max starts at 10999 yuan, and the iPhone Duo starts at 15999 yuan. At current cryptocurrency prices, the iPhone Duo’s price equals 0.025 BTC. Estimated Bitcoin prices of previous iPhone launches are as follows: iPhone XS Max – 0.169 BTC, iPhone 11 Pro Max – 0.107 BTC, iPhone 12 Pro Max – 0.068 BTC, iPhone 13 Pro Max – 0.024 BTC, iPhone 14 Pro Max – 0.056 BTC, iPhone 15 Pro Max – 0.045 BTC, iPhone 16 Pro Max – 0.019 BTC, iPhone 17 Pro Max – 0.010 BTC, iPhone 18 Pro Max – 0.016 BTC.

Block joins the wave of U.S. federal banking license applications, with plans to establish a trust bank for Bitcoin and stablecoin custody.

Twitter co-founder Jack Dorsey’s payment firm Block has filed an application with the U.S. Office of the Comptroller of the Currency (OCC) to establish an uninsured national trust bank named Builders Bank & Trust, N.A. Nominee president and CEO Lee Woolley stated in a declaration that the bank will leverage Block’s digital asset expertise, Square Financial Services’ track record, and the team’s deep banking capabilities to advance Block’s long-term vision of “economic empowerment.” If approved, Builders Bank will offer custody and other trust services including bitcoin and stablecoins, and establish a federal regulatory framework for some of Block’s existing custody operations. This application is the latest move in the race between fintech and crypto firms to secure federal banking charters. Last week, Revolut received conditional OCC approval, joining the ranks of Coinbase, Paxos, BitGo, Ripple, and Circle. Under its current leadership, the OCC has taken a friendly stance toward the crypto industry; it previously also granted conditional approval to World Liberty Financial, a project backed by the Trump family, sparking reviews over potential conflicts of interest. Since 2025, the OCC has received 40 applications for new bank charters, approved 21, and rejected only two. Block’s application for a federal charter at this juncture marks its expansion from payments and crypto operations to federally regulated, bank-grade custody infrastructure.

The crypto market has seen a slight pullback, with Bitcoin falling below $78,000 this morning, while ZEC is bucking the trend to approach a new high near $1,300.

According to HTX market data, the crypto market has seen a slight correction, with Bitcoin falling below $78,000 this morning and currently trading at $78,300. Ethereum is at $2,467, BNB down 4.2% in the past 24 hours at $722, and SOL at $101. ZEC rose against the trend, once approaching a new high of nearly $1,300, now trading at $1,242 with a 5.03% 24-hour gain. HYPE is at $83.4. The total crypto market capitalization has declined 1.1% in 24 hours to $2.75 trillion. Leading gainers among altcoins include: IOST up around 118% in 24 hours, currently priced at $0.001851; KAT up around 25% at $0.00604; VTHO up around 24% at $0.000559; SC up around 21% at $0.000912; MINA up around 16% at $0.0944; IQ up around 10% at $0.000836. Leading losers: SOPH down around 29% at $0.004413; Niu Lai down around 20% at $0.07731; FORM down around 19% at $0.2653; QKC down around 19% at $0.002634; HEI down around 15% at $0.1197; MARSCOIN down around 15% at $0.1097.

Crypto mining stocks lag behind: Bitcoin has rallied 22% in this cycle, while the median gain of 10 major mining stocks is just 1.8%.

Since August 17, Bitcoin’s price has climbed roughly 22%, with crypto trading platforms and stablecoin-linked stocks also rallying in step—but Bitcoin mining firms have clearly lagged. An analysis of 11 Bitcoin mining and related companies found only Canaan Inc. outperformed BTC, while the remaining 10 all underperformed, with a median gain of just 1.8% over the period. Core Scientific and Terawulf were the worst performers, trailing Bitcoin by 27% and 24% respectively. Analysts point out that some mining firms have shifted to high-performance computing (HPC) and AI data center operations in recent years. While this transition has helped prop up their share prices during the crypto bear market, it has also diverted focus from Bitcoin mining and introduced additional operational risks. That said, the dual strategy of operating both AI data centers and Bitcoin mining could become a long-term advantage for miners: mining operations benefit during bull markets, while AI data centers can strengthen corporate balance sheets when the crypto market is in a downturn.

Grayscale: The covered call strategy on Zcash has an implied annualized yield of around 70%, but carries higher risk than Bitcoin.

Grayscale Research Head Zach Pandl noted that as Bitcoin matures, its price volatility has declined significantly. Bitcoin’s realized annualized volatility stood at roughly 125% in its early years, while averaging just 40% over the past year—near the level of the U.S. "Magnificent Seven" tech stocks. By comparison, Zcash has a market capitalization of only about 1% of Bitcoin’s, with an average price volatility of around 140% over the past year. Based on current volatility calculations, a covered call option strategy for Zcash would yield an implied annualized return of roughly 70% from premium income, versus about 30% for the same strategy applied to Bitcoin. Pandl cautioned that higher potential returns come hand in hand with greater risks: if the spot price falls more than the premium received, the covered call strategy will still result in principal losses. Investors seeking a clear risk-reward profile may consider going long on call or put options.

Analysis: Bitcoin's on-chain profit structure nears the early stages of a bull market, though downside risks remain.

CryptoQuant data shows Bitcoin’s Spent Output Profit Ratio (SOPR) has stayed above the break-even line of 1 for three consecutive weeks since August 19, marking the longest such stretch since 2026, with the current reading at roughly 1.002. A SOPR above 1 indicates that BTC transferred on-chain is overall in a profitable state. On-chain analytics platform Checkonchain notes that during bear markets, price rebounds into profitable territory usually trigger sell-offs, while brief dips below the break-even line in bull markets often create dip-buying opportunities, and the current market structure is approaching the early recovery phase of a bull market. However, David Puell, portfolio manager at ARK Invest, argues Bitcoin still faces downside risks. For more conclusive evidence that the bear market has ended, SOPR needs to remain above 1 for a longer period, and BTC prices must form consecutive higher highs and higher lows.

Strategy's Bitcoin-themed Air Jordan co-branded sneakers have sold out.

According to the Strategy Store page, the Bitcoin-themed Air Jordan collaboration sneaker launched by Strategy has sold out, priced at $250.

Analyst: Bitcoin inflows to CEXs remain at recent normal levels, with no significant sell-off pressure signals emerging during the current rebound.

CryptoQuant analyst Woominkyu noted in a post that Bitcoin closed at $78,450 on September 8, after a sustained rebound from around $60,000 in early summer this year. However, there has been no corresponding significant increase in large inflows to spot trading platforms. On September 8, the top ten large inflows to spot trading platforms totaled 5,442 BTC. While this figure is 4.4 times higher than the previous day, it is only 5.1% above the 30-day average. Meanwhile, the 7-day average inflow over the past week stood at 4,678 BTC, still below multiple highs seen earlier this year. Looking at longer-term charts, this Bitcoin price rebound has not been accompanied by unusually high levels of large BTC deposits to trading platforms. This indicates, to some extent, that there is currently no clear evidence that potential sustained selling pressure is rising significantly due to large transfers. The key signal to watch next is: if Bitcoin price weakens while the 7-day average inflow to trading platforms continues to rise, it could mean growing potential selling pressure. For now, the rebound in platform deposits on September 8 appears to be a return to recent normal levels, rather than an abnormal large-scale capital inflow.

Bitcoin wallet Alby confirms vulnerabilities in its older versions, urges users to update immediately.

According to official statements, Alby, a Bitcoin Lightning Network wallet and infrastructure provider, has confirmed a critical vulnerability in older versions of its Alby Hub software. The flaw could allow attackers to gain unauthorized access and transfer funds. Alby noted that one user is known to have been affected, and urged users running vulnerable, publicly accessible versions to update immediately.

CleanSpark trims its Bitcoin holdings by 228 BTC, bringing its total Bitcoin position to 13,703 BTC.

According to disclosures from BitcoinTreasuries, Bitcoin mining firm CleanSpark reduced its Bitcoin holdings by 228, bringing its total current Bitcoin reserves to 13,703.

Bitcoin rebounds to break through $79,000, while Ethereum rebounds to surpass $2,500.

According to HTX market data, Bitcoin has rebounded to break through $79,000, while Ethereum has also rebounded above $2,500.

A new crypto address received a $11.9 million fund transfer and has taken an aggressively bullish position on Bitcoin (BTC) worth $39.3 million.

According to TradingBeats monitoring, a new Hyperliquid address created less than 24 hours ago made its first move today, buying 500 BTC in under four minutes for a total transaction value of approximately $39.36 million. The address starting with 0xcfe2 first received around 1.9998 million USDC at 12:08 yesterday, followed by another ~9.9 million USDC transfer at 02:03 today. Both funds came from the same address starting with 0x6b9e, totaling ~11.8998 million USDC in inflows. At 9 AM today, the address completed 10 consecutive buys of 50 BTC each, taking only 3 minutes and 39 seconds to expand its BTC position to 500 units. The position is currently valued at ~$39.369 million, with an average entry price of ~$78,639.3 and an unrealized profit of ~$49,300. It is currently using 20x full leverage, with a liquidation price of approximately $55,570.7.

A new wallet deposited 11.9 million USDC into Hyperliquid, opening a 20x long position on 500 Bitcoin.

According to monitoring by on-chain analytics platform Lookonchain, a newly created wallet deposited 11.9 million USDC into Hyperliquid, then went long on 500 BTC with 20x leverage, leading to a notional position value of approximately $39.44 million. The estimated liquidation price of this position is $55,570.76.

A crypto whale resumed buying the dip on Bitcoin after an 8-month hiatus, having invested $14.2 million.

According to EmberCN’s monitoring, a crypto whale that cleared its entire position of 50,600 ETH at an average price of $2,921 at the end of last year, locking in around $19.02 million in profits, has resumed buying BTC after an approximately 8-month hiatus. Over the past day, the whale has swapped $14.2 million in USDC for 179.8 BTC via THORChain, at an average purchase price of roughly $78,955. The whale is still actively buying, holding approximately $74.32 million in USDC.

Strategy has launched Bitcoin-themed Air Jordan 1 sneakers, priced at $250.

Strategy has launched a Bitcoin-themed Air Jordan 1 sneaker priced at $250, but its official website only supports bank cards and Apple Pay at checkout, not Bitcoin payments. Air Jordan is a high-end sports and lifestyle brand under Nike, founded in 1984 and named after NBA legend Michael Jordan, specializing in basketball shoes and sportswear. Previous reports noted that Strategy did not increase its Bitcoin holdings last week. As of September 7, 2026, Strategy holds 845,050 BTC.

Jiang Zhuoer: Predicts net outflow of funds from Bitcoin spot ETFs tomorrow, and Coinbase’s Bitcoin negative premium will continue to lead to significant losses.

Jiang Zhuoer, founder of BTC.TOP (莱比特矿池), posted that Bitcoin has just pulled back, Coinbase’s Bitcoin premium remains negative and its discount continues to widen, and he forecasts that the spot Bitcoin ETF (which trades on U.S. equity markets) will record net capital outflows tomorrow. ETF data is lagging; trading based on such data is equivalent to driving while looking in the rearview mirror. Though inconvenient, ETF capital inflows and outflows are highly significant, so it is necessary to keep close attention on them.

Bitcoin briefly fell below $78,000.

According to HTX market data, Bitcoin briefly dipped below $78,000, now trading at $78,026, with a 1.69% drop over the past 24 hours.

Strategy’s Bitcoin holdings have an unrealized gain of $2.398 billion, while Bitmine’s Ethereum holdings carry an unrealized loss of $5.194 billion.

According to on-chain analyst Yu Jin’s monitoring, crypto firm Strategy neither added to nor reduced its Bitcoin (BTC) holdings last week. It currently holds 845,050 BTC valued at approximately $66.125 billion, with an average cost of $75,412 per BTC, generating an unrealized profit of around $2.398 billion. Ethereum treasury firm Bitmine continued to accumulate 28,086 Ether (ETH) last week, worth about $68.85 million at an average purchase price of roughly $2,451 per ETH. Bitmine now holds a total of 5,929,198 ETH, valued at approximately $14.651 billion, with an average cost of $3,347 per ETH, resulting in an unrealized loss of around $5.194 billion.

Pre-market news roundup for US stocks: US Treasury to announce Treasury repurchase size tomorrow; Strategy did not increase its Bitcoin holdings last week.

Below is a roundup of key pre-market news for US stocks on Tuesday: 1. US Treasury Secretary Scott Bessent’s commitment to supporting the bond market is set to be tested. At 11 a.m. ET on Wednesday (23:00 Beijing time), the US Treasury will announce the maximum amount of 10-year to 20-year US Treasury bonds it plans to repurchase. 2. Robinhood is acting as an IPO underwriter for the first time, participating in the listing of smart ring maker Oura. 3. Hunter Biden, son of former US President Joe Biden, plans to launch a meme coin named "LAPTOP" on Coinbase’s Base network on September 9, entering the crypto market. 4. Binance founder CZ retweeted a BNC-related post, triggering a rebound in BSC ecosystem meme coin 4Stock. 4Stock originated from the "stock meme" narrative launched by Four.meme; BNC4 is the first 4Stock coin-stock, pegged 1:1 to BNC, the treasury company corresponding to BNB. 5. Strategy did not increase its Bitcoin holdings last week. Bitmine, by contrast, added 28,086 ETH to its holdings last week, bringing its total position to around 5.929 million ETH.

Strategy did not increase its Bitcoin holdings last week, and repurchased $176 million in STRC stock.

According to official sources, Strategy did not add to its Bitcoin holdings last week. The firm has repurchased $176 million worth of STRC, and raised the size of its digital credit securities repurchase program from $1 billion to $2 billion. As of September 7, 2026, Strategy holds 845,050 BTC and approximately $6.5 billion in U.S. dollar assets.

Bitcoin treasury firm Metaplanet comes under market scrutiny, with its stock price dropping roughly 17% over two days.

According to Bitget market data, Metaplanet, Japan’s largest Bitcoin treasury firm, saw its stock close down 9.9% to 244 yen today, bringing its two-day total decline to around 17%. Recently, Metaplanet CEO Simon Gerovich published a statement addressing controversies over the company’s executive compensation plan and its relationship with shareholder MMXX Ventures, acknowledging that the firm failed to fully explain the 10th new share subscription rights incentive plan and MMXX’s organizational structure. Gerovich noted that he is an important but non-controlling shareholder of MMXX’s parent company and did not participate in the firm’s transaction decisions, though market skepticism has not been dispelled.