News linked to both this project and an event.
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.
Odaily News: Bitcoin has once again shown a "kimchi premium" in the South Korean market. On September 1, the price of Bitcoin on Upbit, South Korea's largest cryptocurrency exchange, was approximately 1% higher in Korean won compared to Binance's dollar price. This premium has persisted for one week, marking the longest duration since early May.Bitcoin was priced at around $79,000 in early September, briefly surpassing $80,000 in August. U.S. spot Bitcoin ETFs saw net inflows of approximately $1.92 billion in the week of August 17, the highest single-week total in ten months; an additional $923 million flowed in during the week ending at the end of August.According to Upbit data, Bitcoin traded at a discount to international prices in the South Korean market for most of the summer, reaching a discount of 3.1% in early June and averaging a 0.25% discount in August. 10x Research noted that the premium in South Korea has turned positive, but spot trading volumes have not increased correspondingly. (Bloomberg)
CryptoQuant analyst Amr Taha stated that the 60-day accumulation for Bitcoin holders in the 100–1,000 BTC range reached 73,300 BTC, marking the highest level since April 21. Meanwhile, the group holding over 10,000 BTC continues to maintain significant positive accumulation, amounting to 43,300 BTC.
According to data from Farside Investors, US spot Bitcoin ETFs recorded a total daily net inflow of $216.7 million yesterday. Among them, BlackRock IBIT saw a net inflow of $205.9 million, Fidelity FBTC $6.9 million, Bitwise BITB $4.3 million, Grayscale BTC $9.4 million, and MSBT $3.6 million. VanEck HODL posted a net outflow of $13.4 million, while all other products registered zero net flow for the day.
According to on-chain analyst Ember (@EmberCN), two major crypto treasury companies completed new rounds of acquisitions last week: • Strategy (formerly MicroStrategy) sold $600 million worth of stock last week to purchase approximately 4,603 BTC at an average price of around $80,318, totaling roughly $370 million. The company currently holds 845,050 BTC with an average cost basis of $75,412, resulting in an unrealized profit of approximately $2.542 billion (+4%). • Bitmine acquired approximately 53,501 ETH last week at an average price of around $2,464, totaling roughly $132 million. The company currently holds 5,901,112 ETH with an average cost basis of $3,351, reflecting an unrealized loss of approximately $5.293 billion (-26.7%).
According to on-chain analyst Willy Woo (@willywoo), approximately 5% of the global population currently holds BTC, surpassing the 4.5% who hold gold and the 4% who hold the S&P 500. Woo noted that if BTC adoption remains at 5%, it is merely a conventional financial asset; however, if it rises to 50%, it could enable a separation between currency and the state.
According to Cointelegraph, BitMEX founder Arthur Hayes (@CryptoHayes) recently expressed a bullish view on Ethereum, noting that ETH had previously suffered massive market sell-offs and was almost "forgotten," but its ratio against Bitcoin has recently rebounded significantly, which he sees as a signal of the market waking up again.
According to Onchain Lens monitoring, Metaplanet has transferred 1,600 BTC to two newly created wallets, valued at approximately $124.36 million.
According to Lookonchain data, Bitcoin mining company Metaplanet transferred 2,400 BTC, worth approximately $186 million, to Coinbase Prime over the past three hours. The institution had previously purchased 43,000 BTC at an average price of $96,191, totaling approximately $3.48 billion.
According to data from Trader T, Bitcoin spot ETFs posted a net inflow of $924.5 million last week, with a trading volume of $15.5 billion. Over the past two weeks, Bitcoin spot ETFs have accumulated a net inflow of $2.8 billion, following a period where capital flows were generally flat to net outflows. Specifically, BlackRock's IBIT recorded net subscriptions of $938.3 million, equivalent to approximately 11,845 BTC; Grayscale's Mini BTC Trust saw net inflows of $81.9 million, representing about 1,034 BTC; Fidelity's FBTC attracted $62 million, roughly 783 BTC; and MSBT logged net inflows of $25.3 million, amounting to approximately 319 BTC.
According to Trader T data, Ethereum spot ETFs recorded net inflows of $815.7 million last week, with trading volume reaching $4.9 billion. Among them, BlackRock's ETHA saw net subscriptions of $567 million, equivalent to approximately 229,317 ETH, marking the 10th consecutive trading day of fund inflows; BlackRock's Staked Ethereum ETF ETHB recorded net inflows of $77.3 million, equivalent to approximately 31,300 ETH, with $42.6 million flowing in on Friday. On Friday, Ethereum spot ETFs still recorded net inflows of $102.2 million, while Bitcoin spot ETFs saw net outflows.
According to Onchain Lens, Metaplanet transferred 800 BTC to Coinbase Prime, valued at approximately $62.19 million, likely for sale.
According to monitoring by Onchain Lens, Wintermute transferred 5,100 BTC to Binance over the past two days, valued at approximately $399 million.