News linked to this event type.
On-chain data shows Bitcoin's "apparent demand" has turned negative due to the exhaustion of spot buying, compounded by outflow pressure from US stocks and ETFs. Consequently, BTC failed to effectively break through the key resistance level of $77,000, briefly dipping to $76,400 before rebounding.
Odaily News, glassnode report: The short squeeze in mid-August drove Bitcoin's rebound, pushing it above $80,000 on August 27. However, the price subsequently encountered resistance in the long-term supply zone above, retreating to around $76,000 and triggering a series of long liquidations. Currently, the $83,000-$86,000 range has accumulated a large number of potential short liquidation positions, while the $60,000-$63,000 zone below holds undigested long liquidation clusters, leaving Bitcoin sandwiched between the two.On-chain data shows that when Bitcoin traded near $78,000 in May this year, approximately 65% of the supply was in profit. When the price returned to the same level at the end of August, that proportion had risen to 68%. The summer redistribution of coins has pushed short-term holders' cost basis to around $71,000, and at this same price level, more profitable coins are now activated, increasing potential selling pressure. Combining cost basis and coin distribution, $62,000-$65,000 serves as an accumulation support zone, while $83,000-$86,000 represents a concentrated supply zone for long-term holders.During the rebound, the 7-day average net inflow for US spot Bitcoin ETFs peaked at $290 million per day, but secondary market daily trading volume remained at around $3 billion, significantly lower than the previous expansion phase. Meanwhile, the yield on the US 10-year Treasury briefly fell to 4.6% following the Treasury's buyback announcement on August 19, but returned to 4.8% in just 8 trading days, hitting a new cycle high.In the options market, short-term optimism has cooled while long-term options demand persists. Open interest for Deribit and IBIT options expiring on September 25 stands at approximately $14 billion, with a substantial portion of positions concentrated above $80,000, which could serve as an important volatility and positioning anchor in the coming weeks. Until the supply above $83,000-$86,000 is absorbed, Bitcoin will continue to trade in a range, with $62,000-$65,000 serving as the primary downside reference zone.
Odaily News: Crypto trader Rune has issued another statement on the X platform, clarifying that a previous tweet about acquiring a U.S.-listed company was an "AI slop post" generated by Claude, and that the data involved was not factual, with numbers being fabricated and exaggerated.Rune's earlier posts promoting a plan to "tokenize Nasdaq low-market-cap stocks + Meme coins" and claiming the acquisition of a 37.4% stake in a Nasdaq-listed company were written and published by Claude. Possibly affected by this, the stock price of Nasdaq-listed FAMI (Farmmi, Inc.), as well as the prices of Meme coins JINQIAN and FAMI, all experienced significant fluctuations today.
Odaily News: Bloomberg ETF analyst Eric Balchunas stated on the X platform that over the past six months, Bitcoin's correlation with U.S. stocks has been lower than that of gold, small-cap stocks, emerging market equities, and even U.S. Treasuries. Eric Balchunas noted that he verified the data after seeing related posts. Bitcoin's correlation has remained around 0.40, while correlations for gold and U.S. Treasuries have increased. Eric Balchunas said that although this time window is relatively short, the situation is still worth noting and does not support the claim that "Bitcoin is only correlated with QQQ."
Crypto trader Rune posted a screenshot on X, stating that tweets previously published promoting a "Nasdaq low-cap stock tokenization + Meme coin" plan and claiming the acquisition of a 37.4% stake in a Nasdaq-listed company were written and posted by Claude. Potentially affected by this, shares of Nasdaq-listed FAMI retreated, currently trading at $0.33 with gains narrowing to 177.34%. Additionally, meme coins JINQIAN and FAMI both pulled back sharply from their highs.
According to on-chain analyst Auntie Ai (@ai_9684xtpa), a whale holding a 45,000 ETH long position sold 1,500 ETH on-chain two hours ago to mitigate liquidation risk. The trade realized a profit of $618,000, and the proceeds were converted to USDC and added as additional margin on Hyperliquid. The whale's $107 million long position now shows an expanded unrealized loss of $4.8 million. With an entry price of $2,486.37 and a latest liquidation price of $2,173.36, only approximately $207 of downside space remains before the current price reaches the liquidation threshold.
Odaily News Trader Bonkguy (unipcs) stated on the X platform that his publicly recorded Meme coin trades from the previous cycle include: BONK growing from $16,000 to over $20 million, WIF growing from $6,000 to over $1 million, FARTCOIN growing from approximately $300,000 to over $8 million, PNUT and POPCAT each growing from low six-figure USD amounts to over $1 million, and MAGA, DOGEGOV, and Roaring Kitty-themed tokens collectively growing from low five-figure and six-figure USD amounts to over $5-10 million.Unipcs stated that despite constant ridicule and claims that he would fail, his judgment has been repeatedly validated. Additionally, Unipcs said he believes USELESS will become the leading Meme coin this cycle, becoming the next DOGE or SHIB with a market cap in the tens of billions, and stated that his conviction in USELESS is stronger than in any previous trade. This is his most representative Meme coin trade of the cycle and the one he is most willing to stake his reputation on.
Odaily Odaily News Trader Bonkguy (unipcs) posted on platform X, stating that for those who missed the recent moves on Robinhood and BNB Chain, these movements may only be a warm-up. This typically occurs in the early stages of a new bull market cycle, or right before the market is about to accelerate. The real trend may begin in the fourth quarter, and when compared to it, the recent movements may only appear as minor fluctuations.Many people missed recent opportunities because they are still affected by their bear market experiences. The defensive habits that protected investors during the bear market may hinder their ability to profit during a bull market. The key lies in recognizing changes in the market environment and adjusting one's mental framework accordingly. Pullbacks will certainly occur as the market develops, but in a genuine bull market, pullbacks are often opportunities to accumulate positions in high-conviction assets. Market volatility may intensify further, and future conditions may exceed what most people expect. Ultimately, those who profit the most may not be the ones trying to predict every single move in the coming days, but rather those who identify the market's direction, position themselves early, and give their judgment enough time to play out.
Odaily News: According to Lookonchain monitoring, a trader sold all 7,201 ETH purchased a week ago, worth $17.2 million, earning a profit of $780,000.
Odaily News: Wintermute posted on X that the crypto market has rebounded over the past two weeks, with ETF inflows turning positive and stablecoin issuance stabilizing. However, to usher in a full new cycle, the market still needs new sources of capital. Historically, VC and ICO funding in 2017-2018, stablecoins in 2020-2021, and ETFs and digital asset treasury companies in 2024-2025 have all accelerated bull market cycles. RWA could become the next major liquidity channel. Data shows that stablecoin supply grew by over $120 billion within a single year; ETFs recorded cumulative net inflows of $63 billion, while digital asset treasury companies accumulated over $115 billion in holdings.In comparison, RWA attracted approximately $16 billion in capital over the past 12 months—only about one-tenth of the peak scale seen from ETFs and treasury companies in the previous cycle. However, the value of on-chain tokenized assets has roughly doubled within a year to over $30 billion, and this growth continued even during periods of stablecoin supply contraction.Wintermute believes that RWA capital initially flows into traditional assets such as Apple stock and U.S. Treasury funds, rather than directly into crypto assets. But once these funds enter the blockchain, the friction involved in rotating toward Bitcoin, altcoins, and DeFi is expected to decrease significantly. As the regulatory framework gradually becomes clearer and tokenized Treasuries and funds begin gaining acceptance as collateral on trading platforms and within DeFi, RWA could drive a market cycle that unfolds at a more moderate pace and lasts longer.
According to on-chain analytics platform Lookonchain (@lookonchain), the Bhutan government address has once again transferred out 400 BTC, worth approximately $30.62 million.
Odaily News, September 2 - WEEX Exchange announced that it has launched zero-fee trading for ECS, CAKE, and SNDK. New users with a net deposit of 100 U will receive a 5 USDT reward, and an additional 5 USDT reward for completing their first spot trade with any of the featured tokens. Total reward pool: 20,000 USDT; Event period: 9/1 19:00 - 9/8 19:00 (UTC+8).
According to on-chain analytics platform Lookonchain (@lookonchain), the supply of USDT on the Tron blockchain has increased by $4 billion over the past month, reaching $94.27 billion and officially surpassing the total USDT supply on Ethereum, making Tron the public blockchain with the largest circulating USDT supply.
According to Hyperbot data reported by Odaily, a whale has opened large short positions on BTC, ETH, and XYZ100, with the total value of these short positions reaching nearly $107 million. Among them:BTC 10x short position totals $64.21 million, with unrealized profits of $1.39 million;ETH 20x short position totals $27.53 million, with unrealized profits of $1.02 million;XYZ100 20x short position totals $15.1 million, with unrealized profits of $220,000.Additionally, this address holds small long positions in WTI and Brent crude oil, as well as short positions in MRVL, Silver, SMSN, and others.
According to Odaily, on-chain analyst Ai Yi reported that an ETH swing trading address (0x806…904aa) sold 1,673 ETH 2 minutes ago at an average price of $2,392, with a transaction value of approximately $4 million, securing a profit of $817,000. The address had accumulated its position two weeks ago, before the current market rally commenced; it has achieved four consecutive profitable trades since July, with cumulative profits reaching $1.05 million.
Odaily News: According to Onchain Lens monitoring, a whale's execution wallet has accumulated purchases of 155,980 HYPE, worth approximately $12.91 million, at an average price of about $82.77, with no HYPE sold. The accumulated HYPE has been withdrawn to another wallet and staked. The execution wallet still has approximately $4.34 million in USDC available and continues to buy.
According to Cryptopolitan, Figure Technology Solutions officially completed its $717 million acquisition of U.S. residential real estate lending institution Kiavi on September 1. The transaction consists of two parts: Figure's acquisition of Kiavi's technology and operations platform, and the establishment of a joint venture with Sixth Street to take over the loan assets. The actual cash consideration paid by Figure was approximately $590 million, primarily financed through the issuance of $600 million in 8.5 percent senior notes maturing in 2031. Following the acquisition, Kiavi is expected to add over $7 billion in annual primary mortgage volume to Figure Connect, with more than $100 million flowing into Figure's on-chain lending platform, Democratized Prime, each month. Kiavi will also bring technological assets such as an AI-driven property valuation engine and automated document review capabilities, becoming the first deployment scenario for Adaptor, Figure's intelligent agent product. Kiavi CEO Arvind Mohan will step into the role of Chief Business Officer at Figure, overseeing platform integration efforts.
According to Chaoxiang Research, Goldman Sachs' August 31, 2026 research report indicates that Texas and Pennsylvania governors signed executive orders in August to tighten data center development regulations. Goldman Sachs utilities analysts note minimal impact on high-quality, large-scale projects, while speculative, undercapitalized ventures will bear the brunt. SMCI's F4Q26 earnings report reveals single-quarter orders exceeding $60 billion, with FY27 revenue guidance set at $65 to $72 billion, reflecting a 75% year-over-year increase, approximately 70% of which is tied to pure AI deployments.
According to Lookonchain, trader DumbCrayonEater spent a cumulative $21,200 over the past two months to buy 29.32 million AI, currently valued at approximately $8.13 million, and has become the largest AI holder. Their current unrealized profit is around $8.11 million, representing a return of roughly 382x.
According to Ember tracking, an early whale that bought 103 trillion SHIB (17.4% of the total supply) in 2020 for 37.8 ETH (approximately $13,700) transferred out another 600 billion SHIB today, valued at around $3.09 million. Since 2021, this address has cumulatively sold 10.06 trillion SHIB at an average price of roughly $0.0000066, totaling approximately $66.6 million. The address currently holds 93.27 trillion SHIB, worth about $478 million.