News linked to both this project and an event.
According to on-chain analyst Ai Yi, Maji has lost $6.161 million over the past seven days, gained $4.202 million over the past 30 days, and incurred a cumulative account loss of $30.7 million. Currently, Maji still holds BTC and ETH long positions worth approximately $128 million. Of these, the 39,100 ETH long position shows an unrealized loss of $980,000, with a liquidation price of $2,342.78, approximately $60 away from the current price; the 440 BTC long position shows an unrealized profit of $175,000.
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: 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."
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.
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.
Japanese publicly listed company Remixpoint announced that it sold all of its holdings of ETH, SOL, XRP, and DOGE on September 1, totaling 878.8 million yen and realizing a gain of 117.8 million yen. Following the sale, the company's remaining cryptocurrency holdings consist solely of approximately 1,506 Bitcoin.
CryptoQuant analyst Darkfost stated that Bitcoin market demand has declined again. Although short-term holders continue to take profits and selling pressure remains steady, apparent demand has turned negative once more, indicating a significant weakening of demand over the past few days. He noted that this shift is also reflected in Bitcoin's price structure, with the current trend showing weakness. If demand does not recover in the short term, Bitcoin could face further downside risks.
According to CoinDesk, following US air strikes on Iran, global risk assets came under pressure and the cryptocurrency market declined in tandem. Over the past 24 hours, major large-cap tokens saw widespread declines, with Solana and Tron dropping more than 3%, Ethereum falling around 2%, and XRP declining nearly 2%. Bitcoin recorded a relatively smaller decline of approximately 1%, trading at around $77,500.
According to Trader T data, US Bitcoin spot ETFs recorded a total net outflow of $236 million on September 1. Among them, BlackRock IBIT saw a net outflow of $201 million, Fidelity FBTC recorded a net outflow of $43.67 million; Bitwise BITB saw a net inflow of $8.38 million, while all other products recorded zero flows that day.
TD Cowen has set a year-end target price for Bitcoin at $97,500, representing approximately 25% upside from its recent trading level of around $78,000. Analyst Lance Vitanza concurrently scaled back a previously more bullish forecast, primarily due to recent weakness in Bitcoin's price. The firm had previously projected that Bitcoin would reach $141,277 by the end of 2025, rising to the $177,000–$225,000 range in 2026 and 2027.
According to Odaily, on-chain analyst Ember monitoring reported that Machi has stopped out and closed part of his long positions due to their proximity to liquidation prices. His ETH long position is $50 away from the liquidation price, and his BTC long position is $1,800 away. Previously, Machi had grown $150,000 into $11 million through roll-over long positions, but funds have recently fallen back to $4.5 million.
Citing Bloomberg ETF analyst Eric Balchunas, The Wolf of All Streets (@scottmelker) notes that approximately 2%-3% of the inflows into BlackRock's iShares Bitcoin Trust ETF (IBIT) have come from users who previously self-custodied Bitcoin, with Balchunas believing this proportion still has room to grow. He also points out that for Bitcoin users seeking censorship resistance, ETFs cannot replace on-chain self-custody; however, for those merely looking to hedge against currency debasement, ETFs represent a highly attractive store of value. Additionally, other analysis indicates that Morgan Stanley's Bitcoin ETF has seen zero outflows since its launch five months ago, which is viewed as a reflection of the current market's strong confidence in Bitcoin as an asset class.
Odaily News, according to reports, U.S. Treasury Secretary Bessent recently urged Japan to raise interest rates to curb the continued depreciation of the yen. Analysts believe this highlights that traditional monetary policy is susceptible to government and external influences. In contrast, Bitcoin's monetary policy is preset by code, with new coin issuance following a fixed schedule and halving approximately every four years, offering greater predictability. In the short term, Bitcoin still finds it difficult to shake off shocks from traditional financial markets. If Japan's rate hike drives a rapid appreciation of the yen, low-interest yen financing trades accumulated over the long term could be unwound, potentially triggering sell-offs in stocks, bonds, and crypto assets. In August 2024, the Bank of Japan's rate hike strengthened the yen and put pressure on risk assets, including Bitcoin. On the technical front, BTC's 50-day moving average has been rising steadily and is close to crossing above the 200-day moving average, potentially forming a "golden cross." Analysts note that moving averages are lagging indicators, and the historical predictive performance of the golden cross as a standalone indicator has been unstable.
According to the weekly market report by Wintermute OTC trader @Jjay_dm, Fed Chair Warsh delivered a hawkish speech at Jackson Hole, reiterating the 2% inflation target and pushing the probability of a September rate hike to 61.9%, making the September 15-16 FOMC meeting a key catalyst for risk assets. In cross-asset performance, 20+ year US Treasuries led gains (+1.01%), followed by altcoins (+0.61%), the S&P 500 (+0.47%), and the Nasdaq (+0.42%). BTC closed flat (+0.10%), while ETH (-0.86%), the Russell 2000 (-1.40%), gold (-3.42%), and Brent crude oil (-4.31%) were the weakest performers. In the crypto market, BTC digesting its previous 23% rally, encountered repeated rejections at the $82k resistance level. It reached an intraday high of $81k earlier this week, dipped below $78k following Warsh's remarks, and ultimately closed flat. BTC ETFs posted nine consecutive days of net inflows totaling $924 million, with a first-time single-day outflow of $202 million on Friday. ETH ETFs logged net inflows of $816 million this week, with no single-day outflows. SOL and XRP ETFs both set new 2026 weekly inflow records, reaching $154 million and $110 million, respectively. Strategy increased its position again on Monday, raising $2 billion, with approximately $16
: BitcoinTreasuries.NET posted on the X platform that Lance Vitanza, an analyst at the $15 billion investment bank TD Cowen, stated that Strive's stock price will rise 33% to $32. The firm noted that its treasury activities have significantly exceeded previous models. TD Cowen expects Strive to hold more than 27,100 bitcoins by the end of 2026.
Odaily News: Cryptocurrency exchange Binance recorded $15.7 billion in inflows in August, setting a monthly record and capturing more than 75% of all centralized exchange inflows. During the same period, Bitcoin's price surged over 20% to break through $80,000, driving growth in exchange trading volumes.Binance Research noted that the $15.7 billion figure is approximately 8.4 times that of the exchange with the second-largest positive inflows, with Bybit and OKX ranking among the three exchanges with the highest liquidity concentration. Inflows at smaller platforms were more dispersed.Additionally, Binance faces allegations in the European Union of accepting local users without obtaining a license under the Markets in Crypto-Assets Regulation (MiCA). (Bitcoin.com News)
CryptoQuant analyst Axel Adler Jr. stated in a post that the price rebound following a short squeeze increased the profit levels of Bitcoin long-term holders (LTH), driving a substantial rise in their distribution activity. From August 18 to 28, the aggregate 30-day distribution volume by LTHs climbed from 174,500 BTC to 281,900 BTC, a 61.5% increase that marks the highest level since early 2026.
Axel Adler Jr stated on the X platform that from August 18 to 28, the 30-day cumulative distribution volume of Bitcoin long-term holders increased from 174,500 BTC to 281,900 BTC, reaching the highest level since 2026 on August 28. This metric accelerated during the rebound following a short squeeze in Bitcoin. During the same period, the long-term holder MVRV rose from 1.31 on August 18 to 1.64 on August 27, standing at 1.60 on August 31, indicating that the market cap of Bitcoin held by long-term holders is approximately 60% higher than the average realized value.