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21Shares Analysts: BTC Finds Support Near $77,000, Potential Target at $100,000

According to Bitcoin.com, Matt Mena, 21Shares Senior Crypto Research Strategist, stated that amid approximately $603 million in cumulative net inflows into US spot Bitcoin ETFs in September and a resurgence in altcoin risk appetite, Bitcoin's fourth-quarter trend is expected to strengthen significantly. Mena noted that BTC is currently finding support near $77,000, with mounting odds of testing the $82,000 range by month-end. He identified $100,000 for BTC, $3,500 for ETH, $100 for HYPE, and $130 for SOL as potential fourth-quarter targets. Furthermore, Ethereum has outperformed Bitcoin over the past three weeks with a 29% gain compared to Bitcoin's 20%, while Hyperliquid is approaching $90, signaling a rotation of capital into altcoins.

A whale opened a long position of 911.5 BTC worth $70 million, with only $400 away from the liquidation price

According to on-chain analyst Yu Jin, a whale opened a long position of 911.5 BTC at $77,733 last night. The position is worth $70 million, with only $400 away from the liquidation price of $76,308.

Hyperliquid's largest long position worth $233 million has turned from profit to loss, currently showing an unrealized loss of $3.39 million

Odaily reports: According to on-chain analyst Yu Jin's monitoring, Hyperliquid's largest long position worth $233 million has turned from profit to loss, currently showing an unrealized loss of $3.39 million. After closing $537 million in long positions on 8/25 with a profit of $61.72 million, he began reopening longs on 8/28, and has opened so far:◎1,400 BTC ($110 million), average long entry price $78,672, currently showing an unrealized loss of $1.94 million.◎50,000 ETH ($123 million), average long entry price $2,469, currently showing an unrealized loss of $1.45 million.

Today, U.S. Bitcoin ETFs saw a net outflow of 2,148 BTC, while Ethereum ETFs saw a net outflow of 9,540 ETH.

according to Lookonchain monitoring, today U.S. Bitcoin ETFs saw a net outflow of 2,148 BTC, with a 7-day net inflow of 8,587 BTC; Ethereum ETFs saw a net outflow of 9,540 ETH, with a 7-day net inflow of 39,046 ETH.

Analysis: Bitcoin's downside imbalance zone may not be fully filled, with prices likely to hold within the $73,000–$75,000 range in the short term.

Trader Killa published a post stating that Bitcoin's downside imbalance zone, formed during strong bull rallies, does not always get fully backfilled. Historically, such bottom-shock candles tend to remain partially unfilled. According to him, following roughly two months of sideways consolidation where Bitcoin rallied around 27% alongside approximately $60 billion worth of short liquidations, there remains no mandatory pressure to fill the lower imbalance zone beneath the current price levels.

Spent 60.37 million USDC in two days, a whale bought 767.8 BTC through THORChain

According to on-chain analyst Yu Jin's monitoring, a whale continued to buy 544.5 BTC via cross-chain today, worth $42.43 million. Over the past two days, this whale has swapped 60.37 million USDC for 767.8 BTC through THORChain, at an average price of approximately $78,628.

Analyst: Short-term holders accumulate 549,000 BTC after a short squeeze, but Bitcoin still retains most of its gains

CryptoQuant analyst Axel Adler Jr. stated that from August 19 to September 10, short-term Bitcoin holders (with holding periods of no more than six months) transferred a total of 549,300 BTC to exchanges. During the same period, Bitcoin's price rose from $64,000 to $78,000, up approximately 21%; after touching a local high of $81,800, it pulled back by about 4.1%, but still retained most of its gains.

A whale withdrew $461.5 million in BTC from Coinbase, has held it for nearly two years, and has not sold despite $300 million in unrealized profits.

According to on-chain intelligence platform Arkham (@arkham), a BTC whale withdrew approximately $461.5 million worth of Bitcoin from Coinbase roughly two years ago. During its holding period, the position's unrealized gains peaked at $315 million, and it even recorded an unrealized loss of $100 million during the market low in July, yet never chose to sell. Since August, the whale has transferred $82 million to Kraken and currently still holds $418 million worth of BTC, sitting on an unrealized profit of approximately $40 million.

Yesterday, Bitcoin spot ETF net outflows reached $120.24 million.

According to data from Trader T (@thepfund), Bitcoin spot ETFs saw a net outflow of $120.24 million yesterday. The details are as follows: • $ARKB (Ark): Outflow of $77.98 million, representing the day's largest outflow • $GBTC (Grayscale): Outflow of $27.22 million • $IBIT (BlackRock): Outflow of $19.53 million • $MSBT (Morgan Stanley): Inflow of $4.49 million, the only net inflow of the day • All other ETFs recorded zero net flow

Over 50 BTC Rescued from COLDCARD Entropy Vulnerability Wallets, Funds Transferred to Crypto Recovery Trust Pending Return

Odaily News: According to Bitcoin News monitoring, DART stated that it and independent white-hat researchers have recovered over 50 BTC from wallets affected by the COLDCARD entropy vulnerability, completing the transfer before malicious attackers could steal the funds. DART is a digital asset recovery organization that works with white-hat researchers to protect vulnerable funds and coordinate their lawful return to owners. The white-hat researchers did not request a bounty and will return the Bitcoin to its owners.The rescued BTC has been transferred to the Crypto Recovery Trust. This trust is a dedicated statutory trust established under Wyoming state law to hold recovered digital assets and return them after confirming and verifying the legitimate owners. The trust will document the recovery process, separate the BTC from DART and researchers' funds, conduct blockchain analysis, ownership verification, and sanctions screening, and provide a lawful return process for verified owners. If ownership is disputed, or if the relevant funds involve sanctions or criminal proceedings, the BTC will be handled in accordance with applicable legal procedures. DART stated that other vulnerable assets and recovery leads are still under review.

U.S. Bitcoin spot ETFs recorded a net outflow of $46.64 million yesterday.

According to Trader T data, U.S. spot Bitcoin ETFs recorded a total net outflow of $46.64 million on September 8. Among them, BlackRock IBIT recorded a net inflow of $10.66 million, Bitwise BITB recorded a net inflow of $14.47 million, ARK ARKB recorded a net inflow of $8.06 million, and Morgan Stanley MSBT recorded a net inflow of $7.41 million; Fidelity FBTC recorded a net outflow of $17.05 million, Invesco BTCO recorded a net outflow of $4.68 million, and Grayscale GBTC recorded a net outflow of $65.51 million. Net flows for all other products were zero on the day.

Grayscale Zcash ETF Assets Under Management Surpass $500 Million

According to CoinDesk, Bitcoin briefly dipped to $77,666 on Tuesday before recovering to around $78,900 during Wednesday's Asian trading session. The asset saw minimal movement over a 24-hour period, posting a weekly gain of nearly 2%. Markets are currently focused on upcoming U.S. inflation data and the Federal Reserve's interest rate decision scheduled for September 15–16. Meanwhile, Grayscale stated that its Zcash exchange-traded fund surpassed $500 million in assets under management just two weeks after its debut on NYSE Arca. Trading under the ticker ZCSH, the fund has attracted over $70 million in net inflows since its launch on August 25 and secured a $100 million investment from DCG International Investments. It currently holds more than 550,000 ZEC, representing approximately 3% of the ZEC circulating supply.

Profit of $12.94 million: A whale sold 329.1 BTC over the past 3 months and transferred 209.1 BTC to Binance

Odaily News: According to on-chain analyst Yu Jin's monitoring, a whale transferred 209.1 BTC, worth $16.44 million, to Binance half an hour ago. Over the past 3 months, this whale sold 329.1 BTC—accumulated at an average price of $36,066 in 2022—at an average price of $75,392, realizing a profit of $12.94 million, with a return rate of 109%.

Analysis: Capital inflows into the crypto market improve, accumulating $6.7 billion over the past 30 days.

According to BIT analysis, the composite institutional capital inflow metric shows that approximately $6.7 billion flowed into the crypto market over the past 30 days. This metric encompasses MicroStrategy purchases, Bitcoin ETF capital flows, and stablecoin issuance. In comparison, June recorded a net outflow of approximately $13 billion, marking a clear reversal in capital flows. BIT stated that the improving trend of capital inflows is currently supporting market momentum, but further acceleration is still required to drive larger gains for Bitcoin.

A whale that has been dollar-cost averaging into BTC since 2022 recently deposited a cumulative total of $24.1 million worth of WBTC to Binance.

According to monitoring by Ai Yi, a whale that has been DCA-ing BTC since 2022 has continuously deposited WBTC to Binance since August 10, amounting to approximately $24.1 million, sold at prices ranging from roughly $62,000 to $79,000. Nine hours ago, the address was again suspected of selling 30.1 WBTC, valued at approximately $2.37 million.

A whale that once liquidated 50,000 ETH has returned after 8 months to buy 179.8 BTC

Odaily News: According to on-chain analyst Yu Jin's monitoring, a whale that cleared 50,600 ETH at an average price of $2,921 late last year, netting a profit of $19.02 million, has resumed buying Bitcoin after an 8-month hiatus. Over the past day, the whale swapped 14.2 million USDC for 179.8 BTC via THORChain at a price of $78,955 per BTC, and is still continuing to buy, with $74.32 million USDC still in hand.

Coldcard thief prioritizes emptying third wave of vaults, has moved 97.09 BTC worth approximately $7.7 million

according to Bitcoin News monitoring, the Coldcard thief is prioritizing emptying the largest portion of the third wave of vaults. Galaxy Research stated that these wallets have transferred out 97.09 BTC, worth approximately $7.7 million, accounting for about 45% of the assets in this batch. The attacker created 293 2/2 vaults themselves and previously moved some tokens via THORChain on September 2, followed by multiple rounds of CoinJoin over the weekend. The vulnerability stems from a 2021 firmware flaw that reduced seed entropy to a minimum of 40 bits. Of the tokens stolen in this exploit, approximately 82% remain unmoved.

Jiang Zhuoer: Coinbase negative premium widens, expects Bitcoin ETF may face capital outflows

Jiang Zhuo'er stated that after Bitcoin just experienced a decline, he observed the Coinbase premium turn negative and continue to widen, thus predicting potential outflows from Bitcoin spot ETFs the next day. He pointed out that ETF data has a lag, and trading based on it is akin to "driving while looking in the rearview mirror." However, given the significant impact that ETF inflows and outflows have on the market, they remain an important reference.

Today, US Bitcoin ETFs saw a net inflow of 398 BTC, while Ethereum ETFs experienced a net outflow of 19,667 ETH

Odaily News: According to Lookonchain monitoring, US Bitcoin ETFs recorded a net inflow of 398 BTC today, while Ethereum ETFs saw a net outflow of 19,667 ETH.

Analyst: Bitcoin Market Structure Improves, Spot Demand Still Needs Confirmation of Breakout

CryptoQuant analyst XWIN Japan stated that the Bitcoin market structure remains constructive, but subsequent price action depends on whether genuine spot demand can absorb market supply. ETF holdings continue to rise, indicating that institutional investors are still accumulating BTC, and large investors are also forming buy-side support near current price levels.