Blue Macellari, head of digital asset strategy at T. Rowe Price, has emphasized Bitcoin’s central role in current discussions on US currency debasement, drawing on her two decades of experience in emerging market sovereign and distressed debt investing.
Institutional approach to digital assetsMacellari outlined how T. Rowe Price, a global investment management firm headquartered in Baltimore, adopted a forward-looking stance toward the digital asset sector. She explained the decision to build an actively managed multi-token ETF, reflecting the company’s belief in the long-term significance of cryptocurrencies and blockchain technology for institutional portfolios.
The ETF, according to Macellari, allows investors access to a diversified basket of digital assets while maintaining active risk management and compliance with regulatory requirements. She noted that the move was motivated by investors’ increasing demand for diverse exposure to digital assets beyond traditional financial instruments.
Macellari observed that discussions around digital assets within T. Rowe Price have progressed from initial skepticism to a strategic approach aimed at harnessing the potential of blockchain-based investments for clients.
Liquidity, volatility, and 24/7 riskAddressing the unique risks of round-the-clock trading in crypto markets, Macellari drew attention to the implications of bifurcated liquidity and the need for robust operational controls. She highlighted the way digital assets have expanded trading hours, which introduces additional volatility and requires advanced risk frameworks compared to traditional assets.
She also acknowledged the generational divide in portfolio allocations, with younger investors more inclined toward embracing volatility as a portfolio tool in the digital asset space.
Bond vigilantes and the US Treasury marketDrawing on her extensive background in sovereign debt, Macellari discussed the resurgence of “bond vigilantes”—market participants who drive up yields in response to fiscal concerns. She differentiated the US buyer base from those of Japan and Italy, contending that comparisons between these countries’ debt financing models and that of the US are imprecise due to differences in domestic and foreign demand for Treasuries.
Macellari addressed recent shifts from foreign to domestic financing of US government debt, explaining that changes in the Treasury buyer landscape could have significant market consequences.
She also questioned whether new regulatory developments, such as the GENIUS Act’s impact on stablecoin demand for Treasury bills, will constitute a meaningful and durable shift in market structure, or remain largely aspirational for now.
Mini dictionary: Bond vigilantes, a term for investors or traders who sell off government bonds in response to excessive fiscal spending, leading to higher borrowing costs for governments. Their activity is seen as a market-based check on fiscal discipline.
She argued that “the debasement trade”—hedging against currency dilution—has become an increasingly important driver for institutional investment allocations, placing Bitcoin at the center of this conversation among professional asset managers.
Tokenization and asset management automationMacellari highlighted tokenization at scale as a critical transformative force for the financial industry, mentioning automation in asset management as a key benefit. She suggested that blockchain-based asset tokenization could increase market efficiency, transparency, and accessibility by automating key processes and reducing reliance on intermediaries.
In her view, this trend represents not only innovation within crypto markets but also has broader implications for traditional finance through increased operational efficiency.
Since September 15, Robert Kiyosaki claims that “the biggest crash in history” has already started. According to him, the movement started from Europe and Japan before gradually spreading to other markets. In this scenario, bitcoin would be among the assets able to withstand the storm. Some bond indicators give weight to his concern, but the data does not yet show widespread panic.
In brief On September 15, Kiyosaki claims that the crash started in Europe and Japan. The Japanese 10-year yield reached 3% at the beginning of September, a first since 1996. The IMF estimates that global public debt will reach 100% of GDP in 2029. Bitcoin trades around 80,300 dollars on September 20, after a rebound from its weekly low. Japan gives credit to part of his scenario In July, Robert Kiyosaki was already naming four assets likely, according to him, to withstand the next crash. On September 15, he went further by asserting that the crash announced for years had finally started.
He cites several factors: the “AI frenzy,” the war in Iran, global debt, and the retirement of baby boomers.
On the bond market, some figures are hard to ignore. The Japanese 10-year bond yield reached 3% on September 1, its highest level since 1996. Reuters explains this rise by concerns related to inflation, public finances, and Japanese monetary policy.
Bitcoin.com News reported the same week borrowing costs at decade-highs in Germany, France, and the United Kingdom.
The tech sector is also under pressure. Five ECB economists recently considered that a correction of tech valuations was possible. However, this is not enough to talk about a crash.
Bitcoin does not yet confirm panic If a historic crash were really underway, markets should normally show more signs. Yet, bitcoin currently trades around 80,300 dollars. After hitting a low point on September 16, it has since regained some lost ground.
This development contrasts with the scenario of a widespread collapse. Investors are certainly more cautious due to rising bond yields, but Reuters reported on September 15 that there were no signs of panic on U.S. stocks at that time.
Kiyosaki continues to favor gold, silver, and bitcoin. He also claims to buy bitcoins during corrections. However, a few days of rebound obviously do not invalidate his scenario: they simply show that the announced crash has not yet produced the described effects.
Global debt remains under watch One of Kiyosaki’s arguments is based on debt. On this point, IMF figures clearly show a tense situation. The April 2026 Fiscal Monitor estimates that global public debt was nearly 94% of GDP in 2025 and could reach 100% by 2029.
But the IMF does not foresee a sudden market collapse. Its analysis rather highlights growing budgetary pressures, high interest charges, and increased vulnerability of bond markets.
The problem thus remains less about the existence of risks than their translation into a true crash. For now, Kiyosaki’s warning is based on real tensions, but his most extreme scenario remains to be demonstrated.
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Fenelon L.
Passionné par le Bitcoin, j'aime explorer les méandres de la blockchain et des cryptos et je partage mes découvertes avec la communauté. Mon rêve est de vivre dans un monde où la vie privée et la liberté financière sont garanties pour tous, et je crois fermement que Bitcoin est l'outil qui peut rendre cela possible.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
TLDR: Bitcoin hit $80,665, gaining 25.8% in 90 days and holding above $74,000 for 30 straight days. Doctor Profit says the 50-week moving average near $78,700 marked bull markets in five of seven cases. Ted and Ash Crypto want a sustained move above $83,000 before confirming a full trend reversal. A green September close would mark three straight green monthly candles, never seen in a bear market. Bitcoin price climbed to $80,665, extending a rally that has lifted the asset 25.8% over 90 days. The cryptocurrency has also held above $74,000 for 30 consecutive days.
Source: Coingecko
This move came despite a Federal Reserve rate hike and delays in regulatory progress. As a result, analysts are now debating whether the market has entered a new bull phase. Several traders point to key technical levels, while others urge caution before calling a trend reversal.
Bitcoin Price Reclaims Key Moving Average Crypto analyst Ted noted that Bitcoin reclaimed its 50-week moving average near $78,700. Historically, this level has signaled the start of a bull market in five of seven cases. Therefore, the reclaim has drawn attention from market observers.
Ted commented on the move through a post on X. He stated that Bitcoin is back around the $80,000 level. According to Ted, a close above the 50-week moving average is the key event this week. If that happens, the case for a cycle bottom will get stronger.
Meanwhile, Ted is watching for a break above $83,000 as confirmation. That target sits above the $78,700 moving average that Doctor Profit cited.
Ash Crypto takes a more measured view of that level. The analyst wants a sustained push past that resistance before declaring a full turnaround.
On the other hand, skeptics remain wary of the current rally. They warn that the Bitcoin price could drop to $60,000 if key supports fail.
Their concern is that buyers may fail to defend those support levels. Such views contrast with the optimism seen among other market participants.
Bitcoin Price Holds Firm as Monthly Signals Emerge Elite Crypto described the past week as eventful for Bitcoin in a post on X. The CLARITY Act failed in the Senate, and the Federal Reserve raised rates. Additionally, the Bank of Japan hiked rates, and the DXY reclaimed the 100 level. Oil prices also pushed higher.
Bitcoin has had one hell of a week.
• CLARITY Act failed in the Senate
• Fed hiked rates
• Bank of Japan hiked rates
• DXY reclaimed 100
• Oil prices are pushing higher
Pretty much every macro headline has been throwing fuel on the risk off narrative.
Yet BTC is still…
— Elite Crypto (@TheEliteCrypto) September 20, 2026
According to Elite Crypto, these headlines fed a risk-off narrative. Even so, the Bitcoin price kept trading above $80,000. The post then asked whether Bitcoin is becoming more resilient to macro headwinds. It also raised the possibility that the market is simply waiting for its next catalyst.
Separately, Wealthmanager focused on the monthly chart. Bitcoin has turned green for September, with 10 days remaining in the month.
A green September close would give the asset three consecutive green monthly candles. The remaining days could still change the candle’s final color.
Historically, three consecutive green monthly candles have never appeared during a bear market. Wealthmanager said such a close could signal a shift to a bullish market regime. This observation relies on past monthly chart data for Bitcoin. However, the candle must still close green for that signal to form.
Bitcoin (CRYPTO: BTC) has held above the key support level of $80,000 as investors follow new developments in crypto ETFs and the recent setback for the CLARITY Act. BTC was trading at $80,582, roughly $1,400 below its weekend high of $82,000.
Bitcoin ETF Inflows are RisingAmerican investors are continuing to buy Bitcoin this month, a sign that they expect it to continue rising. Data shows that these ETFs had over $433 million in inflows on Friday, higher than Thursday’s $133 million.
Spot Bitcoin ETFs have attracted more than $313 million in net inflows so far this month, following $3.52 billion last month. Cumulative net inflows now total $55.1 billion, while total net assets stand at $102.5 billion. BlackRock’s IBIT leads with $63 billion in assets, followed by Fidelity’s FBTC at $14.3 billion.
Bitcoin ETF inflows happened in a difficult week in which the Federal Reserve hiked interest rates by 0.25% to between 3.75% and 4%. It also happened after the US Senate failed to pass the CLARITY Act. Odds that the bill will become law have slumped on Polymarket.
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Most notably, investors are buying Bitcoin assets as the US-Iran crisis escalates, leading to higher diesel prices in the US. The average price has jumped to a record high of $6.50, and there are chances that it will hit $7 in the coming days. Gasoline prices have jumped to $4.47.
Bitcoin’s rise has coincided with the ongoing rally of the Crypto Fear and Greed Index, which has remained in the greed zone. It jumped to the greed area of 71, a sign that sentiment is rising.
Bitcoin Price Prediction: Technical AnalysisTechnicals suggest that Bitcoin is about to break out. It has formed a pattern that resembles a cup-and-handle pattern, which is a common continuation sign in technical analysis. It is now in the handle section of this pattern.
The coin has also formed a bullish flag pattern, which is made up of a vertical line and a descending channel. It has already moved above the upper side of this channel.
Bitcoin sits above the 100-day Exponential Moving Average. These patterns suggest that the coin will stage a strong comeback, potentially to the psychological level of $85,000. This view will be confirmed if it moves above the key resistance at $82,135, its highest point in May.
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Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Bitcoin has overtaken Tesla and Samsung in global market capitalization, climbing to $1.615 trillion following a sharp rally last week. With this advance, Bitcoin now ranks 13th among the world’s largest publicly listed assets, while Tesla and Samsung have slipped to 14th and 15th with respective market values of $1.438 trillion and $1.237 trillion, according to data from CompaniesMarketCap.
BTC hits new highs, outperforming major companiesThe cryptocurrency staged a significant recovery, peaking at $81,914 on Saturday. According to CoinGecko historical data, Bitcoin’s market capitalization hit about $1.63 trillion after it traded above $81,000 during the weekend of September 20, 2026.
Bitcoin’s rally followed a period in which the broader market faced several potential setbacks. Despite the Federal Reserve raising interest rates on Wednesday—an action typically seen as a negative catalyst for risk assets like cryptocurrencies—the market remained firm, with Bitcoin and other digital assets gaining ground.
Traders also navigated the aftermath of the Clarity Act’s failure to pass in the Senate. The vote, held on Tuesday, garnered 49 yes votes, falling short of the 60 required. Bitcoin briefly dipped below $74,887 after the news but quickly regained traction, suggesting that investors had already priced in a high likelihood of the bill’s defeat.
Regulatory boost and market momentumA major regulatory decision helped lift sentiment further. The Securities and Exchange Commission (SEC) approved a new order that allows certain trading venues to issue tokenized representations of publicly traded U.S. stocks, with the change taking effect immediately. This move was welcomed by market participants, who viewed it as a sign of progress in developing clearer frameworks for digital asset trading in the U.S.
As the week drew to a close, the crypto market extended its gains despite an unexpected global pivot towards tighter monetary policies. The SEC’s regulatory action proved to be a bigger influence on investor mood than the setback in the Senate, fueling strong inflows and propelling Bitcoin above the $81,000 mark on Friday.
Bitcoin enjoyed a four-day uptrend, climbing from Wednesday’s low of $74,962 to reach a peak of $81,914 by Saturday, before retreating amid profit-taking. At last check, BTC was trading down 1.02% over the previous 24 hours at $80,762.
Meme token dynamics and investor strategiesAgainst the backdrop of Bitcoin’s high-profile ascent, attention also turned to the volatility and allure of the meme token sector. In this rapidly changing environment, technical moves such as breakouts and sharp shifts in resistance levels often precede major surges in price. In the meme token market, an internet trend can transform into millions of dollars of interest within days. According to data shared by Fomo App, a trade involving “Niu Lai”—which turned an initial $99 investment into approximately $370,000—stands out as a striking example of this activity. In this market, tracking not only prices but also the timing and token choices of investors is crucial. Fomo App brings token discovery and trading together on a single platform, featuring social feeds, investor rankings, and trade notifications. Discover Fomo App to follow the world of meme tokens alongside investor activity.
A long-dormant Bitcoin (BTC) wallet is awakening after holding funds untouched for over 14 years.
The wallet received 100 BTC on November 2nd, 2011, and remained inactive until transferring the coins in block 967732.
Galaxy Research highlights the move on X, attributing the sender to Noah Doe #3113 from address 1Mj5R3kbScUeccyiNKJnAMk6vhHppzsEq8. The research firm is spotlighting the enormous appreciation realized by the holder.
“Awakened — dormant 14+ years
100.00 BTC ($8.09M) untouched since first received 2011-11-02 (14.9y ago) — just moved in block 967732
Address: 1Mj5R3kbScUeccyiNKJnAMk6vhHppzsEq8
Sender Attribution: Noah Doe #3113
Realized PnL: +$8.09M (+2,486,052% gain) – basis ~$3 avg – held 14.9 years.
026-09-19 19:13 UTC
TXID: 5b6d2e2b631be5aca989beb47a178859f772a80f821bd706469d1f41d12a2df3.”
The wallet’s sudden activity underscores the dramatic appreciation Bitcoin has seen since its early days.
The move comes as legendary trader Peter Brandt suggests that BTC may be on the cusp of a big move.
“A bear trap immediately followed by a springboard. This is not something to be taken casually. This can be powerful.”
Source: Peter Brandt/X Meanwhile, crypto trader Ali Martinez warns that Bitcoin is flashing a bearish signal on the short-term timeframe.
“TIME TO BOOK PROFITS?
The TD Sequential has been remarkably accurate on Bitcoin’s BTC four-hour chart. Its recent buy signal helped anticipate the 8.5% rebound we’ve seen over the past few days.
Now, the indicator has flipped and flashed a sell signal.
That suggests short-term momentum may be getting stretched, and I’m watching closely for signs that it’s time to lock in some profits.”
Source: Peter Brandt/X At time of writing, Bitcoin is trading at $80,346.
Bitcoin rallied to $80,665, marking a 25.8% increase over the past 90 days and holding above $74,000 for 30 consecutive days. This price action happens as traders and analysts debate whether the recent momentum signals the start of a new bull market cycle for the world’s largest cryptocurrency.
Key technical levels and market signalsSeveral market participants have highlighted important technical milestones. Ted, a cryptocurrency analyst known for his regular updates on market cycles, noted that Bitcoin recently reclaimed its 50-week moving average near $78,700. This technical indicator often serves as a meaningful threshold for shifts in market sentiment.
The 50-week moving average has previously marked the start of bull runs in five out of seven historical instances. Ted stated that a sustained close above this level remains the key event for the week, suggesting it could strengthen the argument for a cycle bottom in Bitcoin’s price progression.
Bitcoin is back near the $80,000 level and the most important thing this week is a close above the 50-week moving average. If that happens, the case for a cycle bottom grows significantly.
Ted also identified $83,000 as an important resistance. Both Ted and analyst Ash Crypto believe that a clear breakout and close above this threshold could serve as confirmation of a new upward trend. Ash Crypto cautioned, however, that the price must remain above this mark for a sustained period before a full trend reversal can be confirmed.
Not all analysts are equally optimistic. Some point to the risk that Bitcoin could retest lower support levels around $60,000 should buyers fail to defend the current range.
Broader market context and macroeconomic factorsRecent movements in Bitcoin’s price have occurred against a backdrop of significant macroeconomic events. The Federal Reserve raised interest rates, and the Bank of Japan also hiked rates, both of which typically signal risk-off sentiment in global financial markets. Meanwhile, the CLARITY Act did not pass the US Senate, and the DXY index regained the 100 level—a sign of relative strength in the US dollar. Oil prices have also moved higher in recent sessions.
Amid these developments, Elite Crypto, another market observer, questioned Bitcoin’s resilience, noting that despite these risk-off signals, Bitcoin managed to hold above $80,000. This observation has led some market participants to speculate about the degree to which Bitcoin’s price action is decoupling from traditional macroeconomic headwinds.
Despite a week filled with major macro risks, Bitcoin is still maintaining strength above $80,000, sparking discussion about its growing resilience and potential for new catalysts.
Monthly trend signals position for potential shiftThe focus has also shifted to long-term price patterns. According to analyst Wealthmanager, Bitcoin is on track for a green close in September, with ten days remaining in the month. If the current trend holds, this would mark three consecutive months of price increases for Bitcoin—a pattern never seen during bear markets in prior years.
Historical charts show that consistent green monthly closes have often signaled a transition into bullish market regimes. However, some observers remain cautious, emphasizing that the monthly candle must close in the green for this bullish signal to be confirmed.
Mini dictionary: DXY, or the US Dollar Index, measures the value of the US dollar against a basket of six major global currencies. DXY is commonly used by traders to assess general trends in dollar strength or weakness, which often correlates with risk sentiment in global financial markets.
PeriodBitcoin price key levelsSignalCurrent$74,000 – $80,66530+ days above $74,000, recent high: $80,66550-week MA~$78,700Bull start in 5/7 historical casesResistance$83,000Breakout may confirm uptrendSupport risk$60,000Potential drop if support fails
Strategy’s bitcoin acquisition could resume after a two-week break, according to a new message from Michael Saylor. Indeed, the company’s executive chairman broadcast the group’s purchase chart with a reference to the orange color, however no transaction is yet confirmed.
In Brief Michael Saylor suggests a possible resumption of bitcoin purchases by Strategy. No new purchase is yet confirmed via a filing with the SEC. Strategy currently holds 845,050 BTC, acquired for $63.73 billion. The company is coming out of two weeks without new Bitcoin acquisition. The next regulatory report will confirm or not a new transaction. Strategy’s Bitcoin purchase remains a mere signal On September 20, Michael Saylor posted the chart showing the bitcoin acquisitions made by Strategy. His message was limited to four words: “a little more orange“, meaning “a bit more orange”. Each orange dot on the document represents a purchase made by the company.
Such a publication is similar to previous clues released by Saylor before an official communication. However, it does not prove that a transaction has already occurred. Only a new form filed with the SEC will confirm the number of bitcoins purchased, the amount spent, and the average price paid.
At this level, the available statistics currently summarize the company’s position :
Strategy holds 845,050 BTC ; These bitcoins cost $63.73 billion ; Their average acquisition price reaches $75,412 ; The group made no purchases between September 8 and 13 ; Its next regulatory filing will confirm any possible operation. At the price displayed on the chart published by Saylor, the reserve was worth nearly $67.90 billion. This estimate, however, changes in real time with the crypto’s price.
Strategy emerges from two weeks without new acquisition The last confirmed acquisition dates back to the period between August 24 and 30. At that time, the firm purchased 4,603 BTC for nearly $369.7 million. The average price for that transaction was $80,318 per bitcoin.
This acquisition signaled Strategy’s return after several weeks of interruption. Michael Saylor had already paved the way with a message before the company communicated the operation’s details.
Then, the firm maintained an unchanged reserve during two consecutive reporting periods. In its September 14 report submitted to the Securities Exchange Commission, it confirmed having neither acquired nor sold bitcoins between September 8 and 13;
The current reserve, i.e., the 845,050 BTC held, now constitutes just over 4% of the maximum supply of 21 million bitcoins. This concentration makes Strategy the leading publicly traded company holding BTC, although it increases the sensitivity of its balance sheet to market fluctuations.
Strategy’s Bitcoin purchase could mobilize $1.3 billion As of September 13, Strategy had $1.30 billion of flexible cash. The company can use these funds to acquire bitcoin, strengthen its dollar reserves, or intervene in various financial securities.
Thus, the group separately holds a reserve of $5.10 billion. This is mainly used to cover dividends on its preferred shares and interest due on its debt. It therefore does not immediately represent a fund dedicated to upcoming BTC purchases.
During the week ending September 13, Strategy chose to allocate $139.3 million to repurchasing 1,420,467 STRC preferred shares. This preference reveals that the accumulation of bitcoins is no longer the only immediate goal of its capital management.
The issuance of common shares, preferred securities, or debt could also finance a new transaction. These instruments offer Strategy significant acquisition capacities, but they expose shareholders to dilution, dividends, and financing costs.
An official document must still confirm the purchase Michael Saylor’s Sunday announcements are currently an indicator closely followed by the market. Usually, the firm communicates transaction details early the following week, when the operations have already been executed.
The next report will show if the expression “a bit more orange” truly corresponds to an increase in reserves. It will also indicate the acquisition period, the number of BTC obtained, and the source of funding.
After the recent repurchase of STRC shares, a resumption of purchases could indicate that Strategy again deems conditions favorable for accumulation. In the absence of a SEC filing, Saylor’s message remains an invitation to speculation, and not an official financial announcement.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Bitwise Chief Investment Officer Matt Hougan now argues that the Senate’s failure to advance the CLARITY Act is unlikely to halt the cryptocurrency rally that began in early July. In a September 16 memo, he recast the legislative setback as a temporary obstacle rather than a cycle-ending event.
On September 15 the Senate rejected cloture on the Digital Asset Market Clarity Act by a 49-50 vote, short of the 60 votes needed to proceed.
Every Democrat opposed the measure, along with several Republicans.
Hougan called the outcome unfortunate, describing the bill as a constructive framework that would have improved investor safeguards and created durable rules extending beyond the current administration.
Earlier in the year he had likened the legislation to crypto’s version of Punxsutawney Phil, warning that defeat could bring several more weeks of difficult trading conditions lasting toward the midterms.
After reviewing recent market behavior, he abandoned that forecast.
The data, he wrote, suggest the bill’s fate matters less than headlines imply.
The rally he referenced started July 1, when bitcoin found a low near $57,950.
By September 4 the asset had climbed above $80,000.
Over that same window, prediction-market odds that CLARITY would become law in 2026 dropped from 39 percent to 18 percent.
If the advance had depended on congressional passage, declining probabilities should have produced falling prices.
The opposite occurred.Hougan attributed part of the divergence to institutions that refused to wait for lawmakers.
In recent months Robinhood launched its own blockchain, Morgan Stanley introduced a Solana exchange-traded product, and the Depository Trust & Clearing Corporation completed production settlements of tokenized securities.
Those firms, he said, already possessed “clarity of conviction” because a crypto-friendly Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) remain in place through 2029.
SEC Chair Paul Atkins has stated the agency is prepared to issue rules covering many of the same topics as the stalled bill; the commission already proposed a Regulation Crypto Assets package in August.
CFTC Chair Mike Selig has similarly indicated his agency is ready to publish its own framework quickly.
Hougan believes those forthcoming rules could prove more innovation-friendly in the near term than a compromise statute, even though agency actions can later be reversed and only Congress can grant the CFTC full authority over spot markets.
He acknowledged the immediate market reaction was negative: bitcoin declined roughly 4 percent the day after the vote, a move he viewed as understandable given concurrent concerns about interest rates and energy prices.
Passage would have made digital assets the consensus fourth-quarter trade and almost certainly driven prices higher.
Absent that catalyst, additional bumps remain.
Yet the destination, in his view, is unchanged.
Cryptocurrency operated for seventeen years without comprehensive market-structure legislation and still grew into a $2.5 trillion asset class that has altered payments and capital markets while attracting hundreds of millions of users and the world’s largest financial institutions. Hougan expects observers will later conclude that the industry simply continues to build.
Last week, the crypto market resisted several macroeconomic shocks. After a drop to 75,000 dollars, bitcoin regained ground, reaching nearly 82,000 dollars on Sunday. However, this rebound lost momentum when buyers attempted to cross this zone. Tensions in the Middle East revived caution, while a technical signal confirmed the slowdown of the movement. ETF flows and liquidations provide keys to understanding the correction.
In brief Bitcoin rebounded from 75,000 to nearly 82,000 dollars in a few days. The 82,000 dollar resistance slowed the buyers’ progress. Tensions in the Middle East and a technical signal heightened market caution. ETF flows, short liquidations, and the 80,000 dollar support remain the focus. Bitcoin reaches 80,000 dollars after a strong rebound The market had absorbed the failure of the CLARITY Act, then a rate hike of 25 basis points. Despite this pressure, Bitcoin rebounded from 75,000 dollars. It then exceeded 80,000 dollars on Friday. Market data shows that this recovery recouped a significant part of the losses recorded earlier in the week.
This rise coincided with institutional demand. According to a report from Block, US spot ETFs attracted 433 million dollars on Friday, September 18. Fidelity attracted 310.7 million, compared to 108.4 million for BlackRock. Over the week, ETFs ended with 6.2 million dollars in net inflows.
The move also benefited from short liquidations. The rise forced short sellers to close their positions, reinforcing buying pressure. This dynamic explains the rebound without confirming a lasting trend. The break above 80,000 dollars improves the structure but remains decisive. More than 170 million dollars of short positions were reportedly liquidated during the acceleration on September 18.
Bitcoin: the 82,000 dollar level remains a wall for buyers After 80,000 dollars, the bitcoin price approached 82,000 dollars. Technical analyses indicate that resistance lies between 81,500 and 82,300 dollars. This area corresponds to the September peak. If this resistance does not turn into support, profit taking may still pressure the rebound.
The price reveals a conflict between buyers and sellers. Buyers want to extend the recovery, while sellers defend an already tested zone. An intraday breakout would not suffice to confirm a new bullish movement. Operators are watching for a close above this zone to determine whether buying pressure can truly establish itself.
83,000 dollars constitutes a further technical stage for bitcoin. Several analyses present it as confirmation after 82,000 dollars. A return below 80,000 dollars would weaken the rebound. The structure thus pits resistance against support.
Bitcoin facing geopolitics and the technical signal The geopolitical factor has thus added uncertainty. CryptoPotato reports an escalation between Saudi Arabia and the Houthis supported by Iran. Saudi authorities said they intercepted a missile aimed at Riyadh, with no casualties. The US State Department maintains a level 3 warning for Saudi Arabia due to missile and drone risks.
These tensions can weigh on risky assets. The context remains sensitive to energy risks. Reuters also reported withdrawals from US equity funds amid inflation concerns and rising oil prices. This backdrop limits the rebound.
The TD Sequential indicator, as described by Ali Martinez, is a contributing factor. According to CryptoPotato, the indicator shifted from a buy signal near 75,000 to a sell signal around 81,500 dollars. This change occurs near resistance. It does not predict price but signals a possible fatigue.
ETF, liquidations, and 80,000 dollars at the heart of the next move ETF flows remain significant despite profit taking. On September 18, US spot products recorded 433.03 million inflows, according to SoSoValue data cited by Investing.com. This demand kept the price above 80,000 dollars. It confirms institutional support.
The weekend merits attention. US spot ETFs do not trade during the weekend, while the bitcoin market remains open. The price can therefore evolve without the usual flows. The test of 82,000 dollars thus occurs with less institutional support. This peculiarity makes Saturday and Sunday moves more sensitive to positions already present in the market.
In the short term, 80,000 dollars will indicate the strength of the rebound. Holding above this level would allow buyers to try 82,000, then 83,000 dollars. A break below 80,000 dollars could shift focus to lower supports. The market will have to deal with geopolitics, interest rates, and ETF flows.
The next phase will depend on the market’s ability to hold its gains. As long as 80,000 dollars hold, the recovery remains built, but 82,000 dollars limits its extension. Confirmation would require a durable close. For BTC, the next trades will measure if the rebound can still gain amplitude.
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Ghiles A.
Journaliste et rédacteur web passionné par l’univers des cryptomonnaies et des technologies Web3. J’y traite les dernières tendances et actualités afin de proposer un contenu de haute qualité à un large public du secteur.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Altcoins have climbed back above a key level on Binance, with 70% now above their 200-day average. A separate gauge of altcoin strength has moved in the opposite direction.
Blockchaincenter’s Altcoin Season Index fell to 41 on September 20. The reading sits 34 points below the level that historically confirms an altcoin season.
Altcoin Market Cap Reclaims $800 BillionThe total cryptocurrency market capitalization has gained 3.7% in September, with several altcoins posting sharp rallies despite macroeconomic and geopolitical shocks.
CryptoQuant analyst Darkfost reported that Total3 moved back above $800 billion. The metric tracks altcoin market capitalization excluding Bitcoin (BTC) and Ethereum (ETH). That level had not been reached in more than 8 months.
The move cleared May’s high on a strong daily close. Furthermore, Binance data showed that 70% of altcoins were trading above their 200-day averages, a level last seen in October 2025.
Those same altcoins spent nearly a year sitting 65% to 85% below that average. Bitcoin, meanwhile, has traded within a range of $75,600 to $82,000.
Ash Crypto pointed to another bullish setup on a chart excluding the top 10 assets.
The last time the Altcoin market broke out of a major monthly downtrend, it went parabolic within 9 months.
We’re seeing a very similar setup again.
If history repeats, this could be the early stage of another Altcoin season. pic.twitter.com/PEkJ8KERc9
— Ash Crypto (@AshCrypto) September 17, 2026
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Why the Two Signals Point in Opposite DirectionsThe improved price structure does not necessarily mean altcoins are outperforming Bitcoin. The Altcoin Season Index measures the percentage of the top 50 altcoins that have outperformed Bitcoin over a 90-day period.
With the index at 41, fewer than half of those assets have beaten BTC over that timeframe. The index peaked near 67 in August. Relative strength has weakened since then.
Altcoin Season Index. Source: BlockchaincenterBitcoin dominance also supports this view. The metric stood at 59.34% on September 20, up 0.5% over the previous three days.
In other words, altcoins have recovered against the dollar without yet showing broad-based strength against Bitcoin.
One Bitcoin-denominated measure, however, points to a possible shift. The ETH/BTC ratio was near 0.03238 and had recently tested against a downtrend in place since 2021, according to Ash Crypto.
The breakout is still recent, and the ratio remains well below its 2021 peak. It therefore provides an early signal rather than confirmation of a broader altcoin rotation.
Darkfost also cautioned that the market’s improving structure could reverse quickly.
“But be careful, this kind of development can shift quickly, so caution remains warranted,” analyst Darkfost said.
For the Altcoin Season Index to confirm a broader rotation, altcoins would need to continue outperforming Bitcoin across its 90-day measurement period.
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Blue Macellari spent 20 years investing in emerging market sovereign and distressed debt before building T. Rowe Price’s digital assets business — which makes her read on the Treasury market unusually worth hearing. She discusses the return of the bond vigilantes, the shift from foreign to domestic financing of US debt, and why the Japan and Italy comparisons don’t map cleanly onto America’s buyer base. She also assesses whether GENIUS Act stablecoin demand for T-bills is a material change or wishful thinking.
Chapters:
0:00 — How the Digital Asset Conversation Changed Inside T. Rowe Price
1:15 — Why T. Rowe Price Built an Actively Managed Multi-Token ETF
2:43 — Tokenization at Scale and the Automation of Asset Management
4:22 — Bifurcated Liquidity and the Risks of 24/7 Trading
6:11 — The Brazil Mortgage Story That Became a Bitcoin Origin Story
7:04 — Global Liquidity, Fiscal Concerns and the Bond Vigilantes Return
8:26 — Foreign vs Domestic Treasury Buyers and the Japan Comparison
10:15 — Can GENIUS Act Stablecoins Create Real Demand for T-Bills?
11:16 — Why the Debasement Trade Actually Drives Institutional Allocations
13:02 — Volatility as a Portfolio Tool and the Generational Allocation Split
DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.
Patrick Green
Patrick Green is an Assistant Producer and Channel Manager on the multimedia team at Bitcoin Magazine, focusing on production, content distribution, and channel strategy across the network.
Bitcoin is trading at $80,441.66, up 1.2% today and 4.6% over the past week, after breaking above its 50-week moving average, a level that has historically marked turning points at the end of previous bear markets.
Why This Level Matters So Much
According to one chart analyst tracking Bitcoin’s structure, simply breaking above this level isn’t enough on its own. What matters more is whether Bitcoin can hold above it for a few weeks straight. Right now, momentum is pointing up, and the analyst says this could be the start of a bigger move higher, though nothing is guaranteed yet.
Three Possible Paths From Here
The analyst laid out three scenarios worth watching.
The first, and currently the most likely, is that Bitcoin completes one more high to form a clean five-part upward pattern, followed by a smaller three-part pullback. If that happens, it would be a strong signal Bitcoin is in an uptrend rather than just bouncing around, potentially opening the door to a run toward $120,000 or higher. A similar, smaller version of this exact pattern played out back in July and August, before Bitcoin rallied further.
The second scenario is a deeper pullback, even down toward the $39,000 to $44,000 range, if the current upward move fails to hold higher ground after reaching a peak. The analyst was clear this wouldn’t be a disaster. Since the bigger, multi-year trend for Bitcoin still points upward, a drop that steep would be treated as a buying opportunity rather than a warning sign.
The third scenario looks further out. If Bitcoin does rally to new highs, it could eventually reverse into a sharper corrective move down, the exact opposite pattern of what’s happening now. The analyst warned that if this happens, people will likely turn overly bullish right before that reversal, similar to how everyone was overly bearish before this recent rally began.
Levels To Watch This Week
Immediate support sits between $78,888 and $80,359, an important zone to hold if the short-term uptrend is going to continue. On the resistance side, $83,000 is the key level, with the true invalidation point for the more bearish alternative scenario sitting near $82,813.
The analyst said that this weekend’s weekly close matters a lot. Closing above the 50-week moving average, rather than below it as Bitcoin has done in recent weeks, would be a bullish signal and increase the odds of Bitcoin grinding higher toward those upper targets.
Story Ends Here
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Since September, multiple long-dormant Bitcoin wallets have initiated transfers one after another, with September 19 being no exception. Before a transfer from a 2011 wallet, four other early P2PKH (Pay-to-Public-Key-Hash) wallets each moved 25 BTC, totaling 100 BTC. All four transactions were confirmed at block height 967722. These four wallets were all created in February or March 2013, a period marked by high Bitcoin price volatility and the peak of the Cyprus banking crisis in March 2013. On March 1, 2013, Bitcoin traded at roughly $32, rising to $91.95 by March 31. On-chain data shows the four P2PKH addresses acquired the 100 BTC at an extremely low cost. Just 10 blocks later, at block height 967732, an even older wallet transferred 100 BTC. Created on November 2, 2011, this address moved the 100 BTC in a single transaction from a P2PKH address to a newer P2WPKH (Pay-to-Witness-Public-Key-Hash) wallet. The Bitcoin was originally acquired at just $3.24 per coin. The funds were then fully transferred, with the wallet utilizing the "send all funds at once" feature. It is reasonable to infer that the four 25-BTC transfers, which later flowed into the same wallet, belong to the same entity. This aggregation transaction ultimately landed in a P2WPKH wallet belonging to custodian BitGo.
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CleanSpark, Inc. (Nasdaq: CLSK), one of the largest publicly traded U.S. bitcoin miners, priced a $2.276 billion offering of 7.875% senior secured notes due 2031 on September 18, 2026, according to a press release filed with the U.S. Securities and Exchange Commission. The notes are being issued by the company’s wholly owned subsidiary CSDC Finance I, LLC and sold at 98.500% of their principal amount in a private placement to qualified institutional buyers and non-U.S. investors, with the transaction expected to close on September 25, 2026.
Funding the Sandersville Facility CleanSpark said the net proceeds will finance the remaining cost of building out its Sandersville Facility data center in Georgia, reimburse the company for prior equity contributions made toward the project, and fund debt service reserves. Because the offering is structured under Rule 144A and Regulation S, the notes are not registered with U.S. securities regulators and are limited to institutional and offshore buyers rather than retail investors. CleanSpark cautioned that the offering is subject to market and other conditions, with no assurance it will close on the current terms.
How the Notes Are Secured The notes are fully and unconditionally guaranteed by CSRE Properties Sandersville, LLC, another CleanSpark subsidiary, and carry first-priority liens on substantially all of the issuer’s assets and those of CSRE Properties, along with the equity interests in the issuer held by its direct parent, CSDC Holdings I, LLC. CleanSpark also committed to a completion guarantee, under which it will fund the issuer if the note proceeds fall short of what is needed to finish the facility on time.
A Miner’s Shift Toward Compute The financing reflects CleanSpark’s broader push beyond pure bitcoin mining. The company describes itself as a market-leading data center developer that controls more than 1.8 gigawatts of power, land, and data centers across the United States, positioning itself at the intersection of bitcoin, energy, operational excellence, and capital stewardship. Monetizing low-cost, high-reliability energy by producing compute positions the firm to grow as demand for AI and high-performance computing reshapes the mining industry, a trend also visible in peers such as Bitdeer, which surged on a $4.7 billion AI data center deal, and Hyperscale Data, which halted bitcoin mining in Michigan to fulfill an AI data center agreement.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
Bitcoin rallied after the SEC announced a sweeping new exemption for tokenized stock trading. Peter Schiff thinks the market got it exactly backwards.
The longtime Bitcoin critic argued that the SEC’s “Innovation Exemption,” which allows qualifying US trading platforms to conduct liquidity pool trading of tokenized National Market System stocks, is actually bearish for Bitcoin. His logic: if investors can own tokenized versions of real equities with real dividends and voting rights, why would they need Bitcoin at all?
What the SEC actually announced On September 17, the SEC issued a five-year conditional exemption that lets qualifying platforms trade tokenized versions of NMS stocks without registering as traditional exchanges or dealers under existing securities laws.
The tokenized stocks must be fully backed by actual equities and confer identical shareholder rights, including dividends and voting power. Synthetic products, which track a stock’s price without conferring ownership, are explicitly excluded from the exemption.
Platforms looking to tokenize stocks also face a notification requirement. They must inform issuers at least 30 days before trading begins, and issuers retain the right to block their stock from being tokenized entirely.
The practical implications are significant. Tokenized stock trading can operate around the clock rather than being constrained to traditional market hours, and settlement times can compress from the current T+1 standard to near-instant finality.
Schiff’s bearish case Peter Schiff didn’t mince words about the market’s reaction.
“Yesterday’s big Bitcoin rally following the SEC’s tokenized stock announcement makes no sense. The news is actually bearish for Bitcoin.”
His argument follows a substitution thesis. If tokenized stocks can deliver 24/7 trading, borderless transfers, and freedom from intermediaries while also paying dividends and conferring voting rights, Schiff contends, Bitcoin loses a chunk of its competitive advantage.
Bitcoin was trading at approximately $81,290 on September 19, reflecting a rise of about 1.6% on the day.
Why the market disagrees with Schiff The bullish interpretation goes something like this: the SEC formally acknowledging that blockchain-based infrastructure is suitable for trading regulated securities validates the entire technological stack that underpins crypto markets.
There’s also a composability argument. In decentralized finance, tokenized stocks could serve as collateral, be integrated into lending protocols, or be paired with stablecoins in liquidity pools.
Tokenized securities and Bitcoin serve fundamentally different purposes. One is a regulated equity instrument that happens to live on a blockchain. The other is a decentralized, scarce digital asset that its holders view as a hedge against monetary debasement.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Longtime Bitcoin critic Peter Schiff argued in a post that Bitcoin’s sharp surge following the U.S. Securities and Exchange Commission (SEC)’s announcement on tokenized stocks is meaningless. In reality, this news is bearish for Bitcoin, as the cryptocurrency now has to compete with tokenized securities. Tokens backed by profitable, dividend-paying companies hold an advantage over asset-less tokens in terms of digital ownership, and are also more reliable stores of value. Tokenized stocks offer all the conveniences of Bitcoin while eliminating the risk of a decentralized Ponzi scheme collapse.
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TLDR: Strategy stock gained 47.7% over the past month, making it the Nasdaq-100 top performer and more than doubling Meta’s 21.9% advance. SpaceX’s projected Nasdaq-100 weighting will rise from 1.28% to 2.82%, potentially driving $15.5 billion to $22 billion in passive buying. Healthcare and technology gained during the week, while utilities, financials, value stocks and small caps recorded losses across the market. MSTR stock benefits from concentrated Bitcoin exposure, while higher Treasury yields and sector rotation shape the wider equity backdrop. Strategy stock has become the Nasdaq-100’s strongest performer over the past month after gaining 47.7%. The move more than doubled Meta’s 21.9% advance. It placed MSTR stock at the center of a rotation toward Bitcoin-linked equities.
The gain came as investors sought companies with direct digital asset exposure. Strategy’s corporate model gives shareholders an equity route to Bitcoin performance, while technology and healthcare posted smaller gains.
The Nasdaq-100 also faces a September 21 rebalance. SpaceX’s projected weighting will rise from 1.28% to 2.82%, creating an estimated $15.5 billion to $22 billion in passive buying. The change may affect index members.
Strategy Stock Outperformance Reflects Bitcoin Exposure and Flows Strategy stock’s 47.7% monthly gain separates it from most Nasdaq-100 constituents. Meta’s 21.9% advance provides a comparison in performance. The gap shows stronger demand for Bitcoin-linked equity exposure during the period.
Source: Strategy MSTR stock became a liquidity magnet as investors rotated from traditional sectors. Strategy’s concentrated Bitcoin exposure offers a different risk profile from diversified technology companies. That concentration can amplify gains when Bitcoin-linked sentiment strengthens.
Bitcoin-linked equities can attract capital when investors seek listed exposure rather than direct token ownership. This channel also allows digital asset sentiment to appear inside traditional equity benchmarks. The result is a market where thematic demand can outrun broad sector performance.
Strategy stock’s ranking does not show that every Nasdaq-100 constituent weakened. Healthcare and technology both gained, but their advances were smaller. The difference instead highlights how concentrated narratives can dominate short-term index performance.
The Strategy stock move also stands apart from the wider index. The Nasdaq-100 rose 0.72% during the week, while the S&P 500 slipped 0.08%. Value stocks fell 1.28%, and small-cap stocks declined 1.38%.
Healthcare gained 1.56%, and technology advanced 1.03%. Utilities fell 2.95%, while financial services dropped 2.29%. The figures show selective growth demand rather than broad market participation.
The performance gap leaves Strategy stock tied closely to Bitcoin sentiment and liquidity conditions. It also makes the company sensitive to changes in digital asset prices and investor appetite for thematic equities.
Nasdaq-100 Rebalancing Meets Mixed Market Breadth and Yields SpaceX shares rose 2.6% to $154.81 and gained more than 4% for the week. Its Nasdaq-100 weighting is projected to increase from 1.28% to 2.82% on September 21.
Space Exploration Technologies Corp., SPCX The change follows higher free float availability after lockup expirations. Assets tracking the index total $1.7 trillion. Passive funds may need to buy $15.5 billion to $22 billion during the closing auction.
Index changes can create forced demand without changing a company’s underlying operations. The buying reflects fund mandates, not necessarily a new view of future earnings. Prices can therefore react sharply near rebalancing dates as passive and active investors adjust together. Flows can distort short-term rankings.
That demand could influence other constituents as funds adjust positions. SpaceX fell nearly 6% during its July inclusion despite $4.3 billion in passive inflows. The reaction shows that index buying does not guarantee sustained price gains.
Market breadth also reflects higher borrowing costs. The 10-year Treasury yield increased to 5.01% from 4.96%. Higher yields can pressure companies that depend on distant future earnings.
Commodities weakened during the period. West Texas Intermediate crude fell 0.50% to $99.49, while Comex gold declined 1.22% to $4,325.30. These moves accompanied weaker performance across utilities, financials and smaller companies.
Growth stocks still attracted selective buying. Zscaler gained 19.76% for the week, while Tenable and Qualys also advanced. The gains show that investors continued to target technology names despite broader market pressure.
Strategy stock therefore sits within two overlapping flows. Bitcoin exposure supports its company-specific demand, while Nasdaq-100 positioning shapes the capital backdrop. MSTR stock’s next performance will depend on both forces as index allocations change and digital asset sentiment develops.
Bitcoin, hafta içinde 75.000 dolar bölgesine kadar geriledikten sonra güçlü bir toparlanma yaşadı ve 82.000 dolara yaklaştı. Ancak yükseliş bu bölgede yeniden satışlarla karşılaştı. Piyasa, bir yandan Orta Doğu’daki yeni gerilimi fiyatlarken diğer yandan Bitcoin’in kısa vadeli göstergelerinden gelen satış sinyalini izliyor.
BTC, 18 Eylül’de 81.000 doların üzerine çıktıktan sonra haftalık yükselişini sürdürdü. 19 Eylül’de de 81.700 dolar civarına kadar ulaştı. Böylece fiyat, 82.000 doların hemen altında yeniden kritik bir direnç alanına geldi.
Orta Doğu Gerilimi Bitcoin’i Etkiledi mi? Bitcoin’in 82.000 dolar çevresindeki hareketi, Orta Doğu’da tansiyonun yeniden yükseldiği bir döneme denk geldi.
19 Eylül’de Yemen’deki Husiler, Suudi Arabistan’ın başkenti Riyad’daki bazı hedeflere füze ve İHA saldırıları düzenlediklerini açıkladı. Suudi liderliğindeki koalisyon ise Riyad’a yönelen bir balistik füzenin hava savunma sistemleri tarafından engellendiğini bildirdi. Suudi makamları ayrıca Yanbu, Taif, Bisha ve Farasan’a yönelik saldırı girişimlerinin de engellendiğini açıkladı.
Riyad yakınlarında ve Kral Halid Uluslararası Havalimanı çevresinde duman ve alevlerin görülmesi, gelişmenin piyasadaki jeopolitik risk algısını artırmasına neden oldu. Husiler ise Riyad ve Yanbu’daki bazı hedefleri vurduklarını öne sürdü; bu iddiaların tamamı bağımsız biçimde doğrulanmış değil.
ABD Dışişleri Bakanlığı da bölgedeki güvenlik ortamının hızla kötüleşebileceği uyarısında bulundu ve Amerikalılara Orta Doğu’ya seyahat konusunda daha yüksek dikkat çağrısı yaptı.
Bu gelişmeler Bitcoin açısından doğrudan bir fiyat nedeni olarak kanıtlanmış değil. Ancak risk iştahının zayıfladığı dönemlerde jeopolitik belirsizlik, kripto piyasasındaki kısa vadeli hareketleri etkileyen başlıklardan biri haline gelebiliyor.
Bitcoin İçin Teknik Sinyal Değişti Jeopolitik gelişmelerin yanında teknik tarafta da önemli bir değişim yaşandı.
Bitcoin 75.000 dolar seviyesine gerilediğinde Ali Martinez’in TD Sequential göstergesi alım sinyali üretmişti. BTC daha sonra güçlü bir toparlanmayla 81.500 dolar bölgesine kadar çıktı.
Ancak fiyat yükselirken gösterge yön değiştirdi ve satış sinyali verdi. Martinez, bunun kısa vadeli momentumun fazla gerilmiş olabileceğine işaret ettiğini ve kâr satışlarının takip edilmesi gerektiğini belirtti.
Buradaki çelişki dikkat çekiyor. Bitcoin birkaç gün içinde yaklaşık 75.000 dolardan 82.000 dolara yaklaşırken, fiyat yükselişi teknik göstergede yeni bir satış sinyalini beraberinde getirdi.
Dolayısıyla 82.000 dolar çevresindeki geri çekilme yalnızca dış gelişmelerle açıklanmıyor. Yükselişin ardından teknik göstergelerde oluşan uyarılar da kısa vadeli satışların önünü açmış olabilir.
Bitcoin 82 Bin Doları Aşabilecek mi? 82.000 dolar bölgesi Bitcoin için yeniden önemli bir eşik haline geldi. Fiyat daha önce eylül başında da yaklaşık 82.000 doların üzerine çıkmış, ancak bu seviyelerin üzerinde kalıcılık sağlayamamıştı. 3 Eylül’de BTC 82.178 dolar civarında gün içi zirve görmesine rağmen daha aşağıda kapanmıştı.
Son yükselişte ise Bitcoin iki gün üst üste 80.000 doların üzerinde kaldı. Bu nedenle mevcut hareket, önceki haftadaki 75.000 dolarlık düşüşten farklı bir görünüm ortaya koyuyor. Ancak 82.000 dolar çevresindeki satışların yeniden devreye girmesi, bölgenin hâlâ kolay aşılmadığını gösteriyor.
Bitcoin’in bundan sonraki hareketinde 82.000 dolar çevresindeki davranış kritik olacak. Bu bölge geçilemezse kısa vadeli satış baskısı yeniden güç kazanabilir. Kalıcı bir kırılım ise fiyatın son haftalarda aşamadığı seviyelerin yeniden test edilmesini gündeme getirebilir.
Bitcoin İçin Sırada Ne Var? Piyasanın önünde aynı anda iki farklı risk bulunuyor. Bir tarafta Suudi Arabistan ile Husiler arasındaki çatışmanın daha geniş bir bölgesel gerilime dönüşme ihtimali var. Diğer tarafta ise Bitcoin’in hızlı yükselişinin ardından teknik göstergelerin verdiği uyarılar bulunuyor.
ABD’nin bölgeye ilişkin yeni güvenlik uyarısı ve Başkan Donald Trump’ın Camp David’deki hafta sonunu kısaltarak Washington’a dönmesi de gerilimin yakından izlendiğini gösteriyor. Ancak Trump’ın program değişikliğinin nedeni Beyaz Saray tarafından açıkça belirtilmiş değil.
Bitcoin şu anda 81.000 doların üzerinde kalmaya çalışırken, piyasanın vereceği sonraki tepki 82.000 dolar çevresinde şekillenebilir. Bu seviyenin aşılması kadar, yükselişin ardından oluşan teknik satış sinyalinin fiyatı ne ölçüde baskılayacağı da takip edilecek.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
ARK Invest CEO Cathie Wood took a swipe at venture capitalist Jason Calacanis after he described Bitcoin as a fading technology.
Calacanis claimed that Bitcoin's most recent price move was ultimately a "dead cat bounce," referring to the most recent BTC rally.
"Bitcoin is not a dead cat, Jason! It has many lives ahead," Wood wrote on X.
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Earlier this week, Bitcoin staged a sharp recovery above the $80,000 level after briefly falling below $76,000 earlier in the week.
From "punk rock to Muzak"According to Calacanis, Bitcoin has now lost its spark after several stages of institutional adoption.
The podcaster and early Uber investor claimed that Bitcoin remains poorly suited for everyday transactions and smart contracts while still having an intimidating user experience for ordinary people.
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According to Calacanis, institutional adoption has transformed BTC "from punk rock to Muzak." The flagship cryptocurrency has settled for a rather mundane role of a store of value.
He went as far as comparing Bitcoin with CDs in the Spotify era and DVDs in the Netflix era.
"Digital capital" Strategy Executive Chairman Michael Saylor was among the high-profile Bitcoin proponents who joined Wood in pushing back against the most recent attack on Bitcoin by the prominent venture capitalist.
Saylor pointed to Bitcoin's roughly $1.6 trillion valuation and argued that its role as "digital capital" was itself the killer application.
"Preserving wealth across generations is a bigger ambition than entertaining a dinner party," Saylor wrote.
Calacanis's complicated Bitcoin historyThe criticism came despite Calacanis himself still having substantial exposure to Bitcoin.
In another post, Calacanis wrote that he owns a couple of million BTC, which is nothing to pay attention to."
Calacanis was covering BTC as early as 2011, when it was still an obscure experiment. In May of that year, he argued that Bitcoin was technologically sound while potentially disruptive.
In August 2026, he said he had personally bought Bitcoin for less than $100. However, he had to part ways with these coins after a hacking incident. His wife, however, also accumulated Bitcoin at prices below roughly $100-$200.
Fast-forward to 2026, Calacanis remains financially exposed to an asset he now views as technologically stale after years of making dismissive comments about it.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
PlanB, a well-known technical analyst in the cryptocurrency market, has updated his expectations for the Bitcoin price.
With Bitcoin’s price once again climbing above critical technical levels, analyst PlanB offered a noteworthy assessment. PlanB stated that Bitcoin closed above the 50-week moving average, which is around $79,000, and that the next technical target is the 100-week moving average at approximately $89,000.
PlanB noted that Bitcoin was trading around $81,000, stating, “Bitcoin closed above the 50-week moving average. The next target is the 100-week moving average, around $89,000.”
The renowned analyst also stated that his assessment that the bear market in Bitcoin has ended is now clear. He noted that after August closed at $78,571, a recovery was observed in various market indicators, and pointed out that the percentage of Bitcoin supply in a profitable state increased from 50% to 72%.
In addition, the analyst noted that the monthly RSI indicator rose from 41 to 51, arguing that this data points to an improvement in market momentum. According to PlanB, these developments suggest that Bitcoin may have passed its bottom, and the technical outlook supports bullish expectations for the upcoming period.
*This is not investment advice.
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According to data from Coinglass, after Bitcoin surged past $80,000 and entered a consolidation phase, funding rates on major centralized (CEX) and decentralized (DEX) exchanges indicate a weakening bearish sentiment in the market. Detailed funding rates are shown in the attached chart. BlockBeats Note: Funding rates are fees set by crypto trading platforms to maintain a balance between contract prices and their underlying asset prices, typically applicable to perpetual contracts. It is a fund exchange mechanism between long and short traders; trading platforms do not collect this fee. The funding rate adjusts the cost or return of holding a contract for traders, ensuring the contract price stays aligned with the underlying asset price. A funding rate of 0.01% is the benchmark. A rate above 0.01% signals broad bullish sentiment in the market, while a rate below 0.005% indicates widespread bearish sentiment.
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ARK Invest CEO Cathie Wood publicly challenged venture capitalist Jason Calacanis this week after he labeled Bitcoin as a fading technology and dismissed the recent BTC price rally as a “dead cat bounce.”
High-profile voices respond to criticismOn X, Wood responded directly to Calacanis, stating that “Bitcoin is not a dead cat, Jason! It has many lives ahead.” Her remarks followed Calacanis’s argument that Bitcoin’s recent recovery above $80,000 was ultimately meaningless, citing what he believes to be a long-term loss of momentum for the digital asset.
Calacanis, known for his early investments in Uber and his influential podcast, outlined several criticisms of Bitcoin. He described the largest cryptocurrency as unsuitable for everyday transactions and smart contract functionality, and argued that the user experience remains difficult for the average person.
He summed up his view of Bitcoin’s evolution as “from punk rock to Muzak,” claiming institutional adoption had transformed the asset into little more than a store of value—comparing it to outdated formats like CDs in the modern era of Spotify, or DVDs in the era of Netflix.
Preserving wealth across generations is a bigger ambition than entertaining a dinner party, according to Michael Saylor, who cited Bitcoin’s $1.6 trillion market value as a demonstration of its role as “digital capital.”
MicroStrategy Executive Chairman Michael Saylor, a notable Bitcoin advocate, also pushed back against Calacanis’s remarks. By highlighting Bitcoin’s market capitalization, Saylor argued that the coin’s utility as a reliable store of value is precisely what gives it continued relevance in the digital asset landscape.
Calacanis’s complicated relationship with BitcoinDespite his recent criticism, Calacanis revealed that he still owns a significant amount of Bitcoin. In a separate post, he mentioned that he holds “a couple of million” in BTC, downplaying its importance in his portfolio yet maintaining exposure to the asset.
Calacanis has been active in the cryptocurrency space since at least 2011. Early on, he described Bitcoin as technologically promising and potentially disruptive. In May 2011, he said that Bitcoin held notable technical merits, and by August 2026, he shared that he had purchased Bitcoin for less than $100. However, he was forced to liquidate his holdings after a hacking incident. His wife had also acquired Bitcoin in the early days, reportedly at prices below $200.
Now in 2026, Calacanis finds himself still financially tied to an asset he criticizes as stale, having made dismissive remarks about Bitcoin’s potential in recent years.
Changing strategies in a volatile marketThe dispute between Bitcoin’s critics and its supporters comes as the digital asset continues to display significant price volatility. This dynamic can present challenges for traders and investors who must remain vigilant as market sentiment shifts quickly.
In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
Calacanis compared Bitcoin’s perceived obsolescence to CDs during the Spotify era and DVDs in the era of Netflix, arguing that it no longer leads the sector from a technological perspective.
Despite the ongoing debate, Bitcoin continues to attract both long-term supporters and high-profile skeptics. Industry observers suggest that its status as “digital gold” remains a central topic of contention as blockchain technology evolves and the market for digital assets matures.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Galaxy Research's X account recently reported a long-dormant Bitcoin wallet being awakened after more than 14 years.
The Bitcoin wallet, which contained 100 BTC, first received them on November 2, 2011, months after Bitcoin's pseudonymous creator Satoshi Nakamoto quietly exited the scene and was never heard from again.
Taken from the time the coins were received, this marks 14 years and 9 months, and the tokens have remained untouched since then.
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🌚 Awakened — dormant 14+ years
100.00 BTC ($8.09M) untouched since first received 2011-11-02 (14.9y ago) — just moved in block 967732
Address: 1Mj5R3kbScUeccyiNKJnAMk6vhHppzsEq8
Sender Attribution: Noah Doe #3113
— Galaxy Research (@glxyresearch) September 19, 2026 Galaxy Research said the Bitcoin stash was moved in block 967732 and labeled the address as "Noah Doe #3113," tying it to a New York legal fight over thousands of dormant Bitcoin addresses.
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In March 2026, a lawsuit was filed in New York's Supreme Court seeking quiet title to more than 3.7 million BTC tied to 39,069 Bitcoin addresses. Plaintiffs "Noah Doe" and two unnamed Wyoming LLCs asked the court to declare them the owners of the long-dormant BTC, including coins linked to Bitcoin's creator, Satoshi Nakamoto.
On September 8, the crypto community was closely following an important hearing in the "Noah Doe" case.
An old Bitcoin miner?The Bitcoin stash was likely mined before the first halving, which occurred on November 28, 2012. According to onchain data, 10.5 million BTC was issued across 210,000 blocks before the first halving event.
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Each of those blocks resulted in 50 BTC outputs, so the address containing exactly 100 BTC might suggest that its holder was an old Bitcoin miner, although no further facts support this yet.
Out of the 50 BTC Coinbase UTXOs or rewards, 172,042 (83.5%) have been spent, according to Galaxy Research, with the vast majority spent before 2014.
33,995 50 BTC Coinbase outputs remain unspent (about 1.699 million BTC). Of those, 21,922 (1.096 million BTC) are thought to have been mined by Satoshi Nakamoto (64.5% of the remaining unspent).
At the time of writing, Bitcoin traded at $80,347.
The Venetian Resort, at the heart of the Las Vegas Strip, is already a surreal place—the interior includes an indoor St. Mark’s Square with chlorine-blue canals, old-timey lampposts, and a painted blue sky. This spring, however, the casino offered an even stranger spectacle when a Bitcoin convention filled the expo hall. It was odd enough that most people in the crowd were wearing fluorescent orange, but stranger still was this rarity: the sight of a group of diverse men full of hope.
In fact, hope was the official policy of the event. A sign at check-in offered a brief list of what was not permitted inside. That list included firearms, cigarettes, outside food and drink, and bears. Yes, bears: crypto slang for people who think the price of Bitcoin is going to fall or who have in some other way succumbed to crypto pessimism.
Video from Slate
Inside, over the course of my three days at the convention, I met no bears within the predominantly male crowd. Instead, I found confidence and joy in Bitcoin. Everything about the event seemed designed to make alternative finance feel fun. Look one way and there was a Bitcoin-themed art gallery featuring a 6-foot skull made of motherboards; look the other, and there was a massive inflatable monkey wearing an orange crown. At the center of the hall, a series of DJs oversaw a dance floor and kept the mood relentlessly upbeat.
This optimistic atmosphere was no small achievement. Bitcoin had lost nearly half its value over the previous year. After the cryptocurrency was first released, back in 2009, its price had fluctuated between nothing and $1 for over two years. But in the 15 years since, the price of one Bitcoin had skyrocketed as high as $126,000, in 2025, only to fall back down to about $76,000 at the time of the conference. This fluctuation is due in part to Bitcoin having no intrinsic value: Like gold, it is worth whatever someone is willing to pay for it. Unlike gold, however, its ownership is concentrated in a relatively small group of large holders (“whales,” in Bitcoin jargon). Because these whales own so much of the world’s Bitcoin, their large buy and sell orders can drive sharp changes in the price. As a result, Bitcoin is far more volatile than gold, and tomorrow’s price is as difficult to predict as the next viral meme.
The people I met dismissed this volatility as the price of working with a tool as new and powerful as Bitcoin. One young man observed that even the way I’d characterized the change in Bitcoin’s price as a loss of value was unnecessarily pessimistic. “If you think about it,” he corrected me, “Bitcoin is half-priced compared to last year.”
There was a catastrophe that loomed over the convention, but it wasn’t Bitcoin’s newly discounted cost. It was the pain of trying to get by in this economy. That was the ill that needed remedy, the same ill that has weighed down two very different presidencies. Lonnie Walker, a 54-year-old Bitcoin hopeful who works in insurance in Tampa, could have been speaking for the group when he described economic life for ordinary people: “If you go to Disney World,” he said, “the mouse smiles at you while picking you up by the ankles, holding you upside down, and shaking out every nickel. That’s what the world does to you.”
He spoke from experience. He’d come from a very poor family and had struggled all his life for financial stability. After getting burned by Amway, the notorious multilevel marketing company, he’d had to work 18-hour days to get by. In the late 2010s, he went through a hard divorce, lost the little he had managed to save, and found himself living in his car. “The stress was like being in a war zone,” Walker said.
Unfortunately, he’d come to Bitcoin late. A guy he knew had told him to invest early, but Walker had ignored him, only to watch from the sidelines as the price went up and up and up. Finally, in 2025, he got tired of missing out. “Because the financial system is in shambles and I can’t trust my banker anymore,” he said, “I felt I needed to evolve. Now the smart move is for everyone to get Bitcoin. A friend of mine sold his house to put it all in Bitcoin, but I’m just hoping to be out of debt by November.”
These were men who by and large no longer trust bankers, if they ever did. These days, Bitcoin and other cryptocurrencies offer an appealing alternative because they are not issued or managed by a central bank. Instead, crypto exists on the blockchain, a kind of shared spreadsheet that anonymously records every transaction, and is “mined” digitally through the solving of complex math problems. Every Bitcoin transaction is public, and the number of Bitcoin that will ever circulate has been arbitrarily capped at 21 million. This enforced scarcity, according to enthusiasts, will protect Bitcoin’s value from inflation and mismanagement. Traditional currencies, on the other hand, have no such built-in limitations. With the U.S. dollar, what protects its value is the restraint of the government officials who manage it. Most of the men I met at the convention had long since lost such faith in American institutions.
Indeed, Walker’s Bitcoin origin story hewed closely to a common template in the Bitcoin community. First, a guy hears about the currency from a friend. The guy then ignores said friend—only to learn that those crypto holdings are going to the moon while his own investments are going nowhere. When this frustration peaks, the guy gives in and buys some Bitcoin of his own. If this investment goes well, he then tries to persuade other struggling people that they should invest in Bitcoin, and the cycle begins anew.
Crypto fans call this conversion process “orange pilling.” It is well known within the industry that it is easier to orange-pill someone when he is feeling low. Or, as Peter McCormack, one of the experts presenting on the main stage, put it: “For most people, pain is going to be the thing that brings them to Bitcoin.”
Many convention attendees echoed this belief. “People find Bitcoin when they need it,” Brittany Sjoder told me. For her, that moment of need had come after years of financial struggle. She and her husband were working harder and harder but weren’t managing to spend time with their kids, let alone get ahead financially. “We were slaves to the fiat system,” she said, “but Bitcoin brought hope back into my life, hope that I can retire someday.”
The “fiat system” is what crypto people call the economy driven by so-called fiat currencies (the American dollar, the British pound, the euro), which are backed by nothing more than trust and confidence. The government simply asserts that the currency has value, which remains true so long as we all agree (which, in the case of the American dollar, most of us have happily done since the 1970s). Still, this arrangement means that savings in any fiat currency are vulnerable to the decisions of the central bank that manages it. Responsible central banks aim for steady, controlled inflation (usually 2 percent annually), while irresponsible ones implement policies that can drive hyperinflation and leave your money worthless. To prove that this risk is not just an abstract threat, an activist at the convention was handing out Venezuelan banknotes, worthless now after years of economic mismanagement and a resulting inflation rate in excess of 10 million percent.
Sjoder believed neither that the American fiat system was run responsibly, nor that it could be made to do so through reform and activism. “If you want to make change,” she said, “you have to go outside the system, because the system works for itself.” Indeed, if there was a central conviction animating the convention’s diverse crowd, it was that the powerful people in charge of America’s different systems—healthcare, agriculture, government, you name it—had already proved that they were not to be trusted. Instead, they had shown, over and over again, that they were going to put their own interests ahead of the people who trusted them.
This sense of betrayal surfaced even in conversations with people who had done well in the fiat economy, such as former NBA athlete Tristan Thompson, whose career earnings exceed $120 million (excluding endorsements). He told me his Bitcoin origin story, which was occasionally interrupted by young boys asking him for an autograph. “My adviser told me that Bitcoin was too volatile for me to buy, and then I found out that big institutions like his were buying it for themselves,” he said. “With traditional finance, you have to trust a complete stranger not to screw you over, but with Bitcoin we can take back our financial freedom.”
This concept of financial freedom—not having to trust anyone else—is the logical end point of the belief that the systems of American life cannot be mended, only circumvented. Bitcoin, I was told again and again, was safe wealth specifically because of its distance from central bankers. Though the currency’s value was susceptible to the day’s memes, it ultimately required confidence only in code. Bitcoiners call this perceived freedom “self-sovereignty,” and its emergence as a primary value signals how fully people have lost trust in national institutions.
In fact, American life had come to seem so hopeless that many Bitcoiners were looking to make their divestment from America official. Among the convention’s big winners were companies promising to help people buy citizenship elsewhere or, as one such company advertised, “diversify your passport portfolio.” The business model was simple: You tell them how much you’re willing to invest in your new “home country,” and they tell you where you can afford to buy citizenship. “Business is good,” Alex Recouso, of CitizenX, told me. “The Americans buying Plan B passports are the same as the demographic buying Bitcoin.”
Just what event would necessitate a Plan B depended on whom you asked, but the predicted scenario usually involved some combination of runaway debt and hyperinflation. This is not currently happening in the U.S., but since it has devastated other countries, I was eager to speak with someone who had experienced that worst-case scenario firsthand.
Evan Mawarire is a Zimbabwean pastor and activist, and since 2008, his home country has experienced a kind of inflation and economic instability that is hard to fathom. After the government printed money to finance its deficits, people lost faith in the currency. Prices doubled every day, goods vanished from shelves, and, at its worst, the monthly inflation rate reached 79 billion percent. Mawarire told me a story about going to buy bread at the local shop with a hundred-trillion-dollar bill in his pocket. When he joined the back of the line, he said, the note could purchase two loaves of bread; by the time he got to the front, it bought him half a loaf. His parents’ retirement savings went from being worth the equivalent of $80,000 to 25 cents in just one week.
“The sense wasn’t just of complete loss,” Mawarire said, “but of betrayal. The experience robbed people of economic dignity: the ability to look at your life’s work and know that it can put a meal on the table, put a kid through school, pay medical bills. People in Zimbabwe had worked honestly, but they lost their sense of self-worth and hope in the future.”
I observed to him that his language resembled the ways the American Bitcoiners talked, and asked if he felt they were right to fear a fate similar to Zimbabwe’s. He smiled and hesitated, then said slowly, “To hear Americans talk about not being able to achieve their dreams, it’s confusing for me. Everyone wants to come and participate in this economy because if you put in the work, you get the result.”
He gestured out at the crowd. “There was a time in Zimbabwe when we could have stopped the slide,” he said. “We could’ve done something, but we didn’t. Backing away from a problem and doing nothing about it [is] as bad as the problem itself. It’s important to find the place in the broken wall you’re going to claim and say, ‘I’m going to fix this.’ You show up with whatever you have, even if you think you have nothing, and you’ll find that doing so digs solutions out of you that you didn’t know you had. It even provides you with a sense of purpose.”
Mawarire understood this because he had walked the walk. He had never intended to become an activist; he found himself in the role by accident. In 2016, when he was the pastor of a 40-member church, he sat down and recorded a four-minute video expressing his frustration with the country’s economic mismanagement. To his surprise, the video struck a nerve, and before long Mawarire was leading a protest movement of 12 million people. This led to his arrest for sedition and, ultimately, his ongoing exile in America.
He had come to the convention, he told me, because he wanted to help the most vulnerable people in the world secure financial freedom. Back home, he said, nobody trusts the local currency, but citizens are required by law to use it anyway. The poorest populations can’t access the technology required to use Bitcoin, so he had a message for the crypto developers present. “You have solved for the richest among us—well done. If you solve for the least among us, those who can never thank you, you have changed the world.”
As I talked to Mawarire, it became apparent that one common dismissal of crypto—that its only true function is to aid in criminal enterprise that must take place outside the regulated economy—sounds damning merely to people who have faith in the state and in the legitimacy of its decisions about crime. The Human Rights Foundation had organized numerous panels at the convention to make clear that such faith is a privilege of the developed world. Afghani activist Roya Mahboob stressed that women who live under oppressive regimes like the Taliban can secure financial independence only with tools, like Bitcoin, that circumvent the law. For his part, even Eric Trump emphasized Americans’ privilege in his presentation: “America is the country that needs Bitcoin the least.”
To make sense of these claims, I reached out to Zeke Faux, the author of Number Go Up and a journalist who has been chronicling Bitcoin’s rise and fall and rise for years. I wanted to know if cryptocurrency actually offered a solution to the kinds of disastrous inflation and economic disenfranchisement the people I’d met had told me about. Faux explained that, theoretically, yes, there are many ways that Bitcoin could serve the marginalized and oppressed: It could be used in international remittances; it could protect wealth against irresponsible governments. In practice, however, hardly anyone wants to use it. Even in El Salvador, which made Bitcoin a national currency and offered citizens $30 to get started with the cryptocurrency, adoption remains very low. People spent their bonus and went back to using the U.S. dollar. “Though people give a lot of reasons for why they like Bitcoin and you can get caught up in the genuinely interesting stuff of how it works,” Faux said, “I think interest in Bitcoin boils down to a desire to get rich.”
My experience at the convention supported this more cynical view. Though El Salvador was frequently cited as a beacon of Bitcoin’s success, nobody talked about how the country is run by a dictator. Out of the 25,000 people in attendance, only a few dozen showed up for the presentations of activists like Mawarire and Mahboob.
Indeed, the man who commanded the biggest audience at the convention was not Kash Patel, Afroman, Jack Dorsey, the head of the Securities and Exchange Commission, or any other of the celebrities present. No, the man of the hour, the man whose name came up in nearly every interview, the man who commanded a level of devotion I’d seen exceeded only at a Trump rally, was Michael Saylor, a man who, in the words of one admirer, had “orange-pilled more people than anyone else in the world.”
Saylor is not an obvious candidate for jaded people to revere. He’s a billionaire with a checkered past and no gift for oration. In 2000 the SEC charged him with fraud in a case he settled without admitting wrongdoing, agreeing instead to pay a $350,000 fine and disgorging $8.3 million. In 2024 the District of Columbia sued him for tax fraud in a case Saylor settled for $40 million, making it the largest recovery the city has ever claimed. Today he is the executive chairman of Strategy Inc., which bills itself as “the world’s largest Bitcoin Treasury Company.” That is, Saylor uses investors’ fiat currencies to buy Bitcoin. He has received so much money from hopeful investors that Strategy is now the world’s largest Bitcoin holder, with about 650,000 BTC in its coffers. Indeed, Saylor’s purchases were thought to be the primary force behind Bitcoin’s modest rise in price in the weeks leading up to the conference.
His most impressive achievement, however, has been persuading people to pay more for his stock than his holdings of Bitcoin are worth. Rather than buy Bitcoin directly, people are paying a premium to purchase Strategy’s securities—securities whose value comes only from the company’s Bitcoin holdings. In other words, as Alex Kirshner explained for Slate, Saylor was selling $4 worth of exposure to Bitcoin for $5. He was then able to use that extra money to buy more Bitcoin, driving up its price and giving himself a chance to sell more securities to investors.
According to classical economics, arbitrage opportunities like this should not last long. However, listening to Saylor make his sales pitch to the men filling the expo hall, I understood why people kept giving him money. Stretch, Strategy’s main security—80 percent of which is held by ordinary retail investors—sounds like a dream investment vehicle for someone looking for financial stability.
“With Stretch, you have the best of the credit world and the best of the equity world within a single instrument,” Saylor told the crowd. What does Stretch do? The better question is: What doesn’t Stretch do! It yields 11 percent! It pays out every month! With low volatility! But with high liquidity! It’s outperforming huge companies like Nvidia and Google on some metrics, while besting gold and the world’s dominant currencies on others. (These performance claims are true only over a brief period of time.)
What’s powering this incredible, unprecedented run is Bitcoin, Bitcoin, and more Bitcoin. Bitcoin is the one solid asset behind these promises. This scheme works, Saylor says, because Bitcoin has been increasing in price. (Again, this is true only on a limited time horizon.) It will continue to work, he predicts, because someday Bitcoin will be $10 million apiece. The real reason the scheme works, however, is that people are overpaying him for Bitcoin, which enables him to buy more Bitcoin and sell more securities at favorable terms. Bloomberg’s Matt Levine calls this the “infinite money machine,” and the only reason it keeps going is because these men believe in Saylor himself.
Which meant that he had to answer an obvious question: Why should we believe in him? What did we need him for when we could just buy the Bitcoin ourselves and deprive him of the arbitrage? Saylor’s answer was that his involvement minimizes risks and swings. “We have created a ‘crypto reactor’ to create credit to serve a group of people who simply want to put their money in a bank account, collect 10 or 11 percent, and not worry about it,” he said. “Stretch is built for them.”
In other words, Saylor was promising financial security in the form of passive fixed income. You pay him your dollars now, and you get more dollars back, every month, without risk. Actually, every two weeks, thanks to a recently approved initiative: “You guys get paid every two weeks by your employer,” he reasoned, “so why shouldn’t your assets pay you every two weeks?”
The obvious question he did not answer was this: What did he need us little people for? If he’d found an asset in Bitcoin that brought such reliable returns, why was he looking to share his scheme with millions and millions of retail investors? Because, he informed us with a generous air, “there’s a massively powerful generational wealth transfer opportunity here.”
Saylor never specified whose generational wealth will be transferred to whom, but the hope he was offering proved too much for most attendees to resist. After all, wasn’t American life saturated with rich men who seemed to get richer without doing any real work? Obviously such financial freedom was possible—but only if you were a guy who knew how the crooked game was played. Saylor made clear that he knew the game perfectly well as he asked these people, whose trust had been routinely abused, to trust him with their money.
It is possible that Saylor is right about the future price of Bitcoin; it’s amazing that the price has climbed as high as it has. Faux, who has been covering the currency much longer than I have, told me he has “given up predicting what’s going to happen to Bitcoin’s price.” But in order for Saylor to be right, new money has to keep entering the system—and that money has to come from someone. As I looked around at the hopeful, orange-clad men filling the convention hall, eager to give their dollars to Saylor, it seemed that Strategy’s real asset was not its crypto holdings but the faith of these men.
And even if somehow they did all get richer together, that would still leave out the rest of the country—everyone too poor or cautious to stockpile Bitcoin. All of these attendees were following the example set by those at the top: looking out for themselves and trying to swell their own stash. It was so much energy getting channeled into one big opting-out. “What people who hoard will finally realize,” Mawarire said, “is there’s an emptiness that comes where a sense of purpose should go.”
According to Farside's monitoring data, U.S. spot Bitcoin ETFs recorded a net inflow of $6.1 million this week, while U.S. spot Ethereum ETFs saw a net outflow of $140.6 million.
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Cryptocurrency markets absorbed a weekend of escalation in the Middle East alone. The global market cap fell by 4% to $2.76 trillion, while oil, bond, and equity markets remained closed.
Houthi forces struck the Saudi capital Riyadh on Saturday. The US has also warned that the conflict has “the potential to escalate rapidly.”
Oil Closed Lower Before the Weekend TurnedTraders spent last week concluding that Saudi supply risk had been overstated. Brent crude settled at $103.87 on Friday, and West Texas Intermediate closed at $100.30, a third consecutive decline for both.
That reading was priced in before Saturday. Yemen’s Houthis then said they attacked sensitive sites in Riyadh with missiles and drones. Reuters photographed black smoke rising near the King Khalid International Airport.
The Saudi-led coalition said its air defences destroyed a missile fired toward Riyadh early on Saturday. The Iran-backed group separately claimed a strike on an Aramco facility at Yanbu.
It appeared to be the first Houthi attack claimed on Riyadh since the current escalation began. Therefore, the market that closed on Friday priced a different risk picture than the one that exists now.
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What Monday’s Open Will TestMeanwhile, the State Department’s Bureau of Consular Affairs told Americans across the region to exercise heightened vigilance and warned of flight cancellations, airspace closures, and travel disruptions.
It said Iranian-supported Houthis have attacked Saudi Arabia, including civilian airports, and that Iran and groups supportive of Iran may target US interests and businesses overseas.
“This military conflict has the potential to escalate rapidly,” the post read.
Trump had separately signaled a decision point on Iran earlier in the week. He told Axios on Thursday that he was weighing whether to restart large-scale attacks.
“I have a big decision coming up. Do I want to go in and annihilate them, or do I not? It’s a big decision. Anything could happen with me,” he said.
Alex Plitsas, a national security analyst at CNN, said on X that Trump’s Camp David meeting was convened to review options for a strike in Yemen. He cautioned in a follow-up post that nothing had been decided.
As I said last night, was told that the POTUS meeting at Camp David was to deliberate and review Yemen strike options. Today, U.S. embassies in Middle Eastern countries that are likely to be targets of retaliatory strikes issued warnings. Now POTUS head to the White House early. https://t.co/LYQtjAzZG3
— Alex Plitsas 🇺🇸 (@alexplitsas) September 20, 2026
Crypto carried all of this while everything else was dark. Bitcoin (BTC) traded near $80,354, down 0.9% over 24 hours yet still up 3.9% on the week. Ethereum (ETH) slipped 1.29% to $2,586.72.
Crypto Market Performance on September 20. Source: BeInCrypto MarketsSmaller assets moved further. Solana (SOL) fell 4.2% to $108.45, and Zcash (ZEC) dropped 5.47% to $1,452.20, a spread that points to risk reduction rather than a haven bid.
Monday’s open will show how oil, bonds, and equities price the weekend. Whether Brent surges will indicate if traditional markets agree with crypto’s weekend repricing.
The Fed raised rates this week and signalled at least one more increase, leaving markets with little room to absorb an oil shock.
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Bitcoin returned around 80,000 dollars on Friday, but Jason Calacanis does not see it as a comeback. The American investor believes that the asset has lost a good part of its appeal with the general public after 17 years of existence. Michael Saylor replied with a figure: 1,600 billion dollars of capitalization. For the executive chairman of Strategy, Bitcoin does not need to become the next universal means of payment. Its main use would now be the preservation of wealth over the long term.
In brief Jason Calacanis believes that Bitcoin has not found the general public use promised at its beginnings. Michael Saylor opposes him with a capitalization of about 1,600 billion dollars. Strategy held 845,050 BTC after its last announced purchase at the end of August. BTC at $80,000, but Calacanis is still not convinced The rebound of Bitcoin was enough to revive an old debate. On Friday, as the BTC reached 80,000 dollars, Jason Calacanis compared the movement to the rebound of an asset he already considers outdated. However, the investor has followed Bitcoin since its early years. He now believes that the user experience remains complicated, that the network has not become a reference for payments or smart contracts, and that public enthusiasm has faded.
His comparison is deliberately harsh: Bitcoin now reminds him of the CD in the era of Spotify or the DVD compared to Netflix. Calacanis mainly attacks the idea of mass adoption. According to him, if Bitcoin were to find an essential use case for the general public, 17 years should have already been enough.
The market, however, tells a broader story. Bitcoin remains valued around 1,600 billion dollars and continues to be accumulated by listed companies. Strategy is the most visible example. At the end of August, Michael Saylor’s company bought an additional 4,603 BTC for 369.7 million dollars, bringing its reserves to 845,050 BTC.
The Bitcoin defended today by Saylor thus looks quite different from the one sold as a daily means of payment fifteen years ago.
Saylor defends Bitcoin as digital capital Michael Saylor’s response is summed up in a few lines. He first recalls that Calacanis has been observing Bitcoin since 2011. Since then, the asset has reached about 1,600 billion dollars in capitalization and remains, according to him, the leading digital asset in the world.
Then he shifts the debate completely. For Saylor, Bitcoin’s major application is “digital capital.” He therefore does not seek to respond point by point to criticism about smart contracts or payments. His thesis is different: preserving wealth over several generations would be a sufficiently important use to justify the existence of the network.
And he finishes with a much shorter answer: “The orange tie stays.” The orange tie refers to the image that Calacanis had just mocked: that of a past Bitcoin movement, according to him, from rebellious early users to institutional investors in suits.
Saylor embraces this transformation. He has indeed been defending for several months the idea that Bitcoin no longer obeys as strongly its former four-year cycle. In his view, ETFs, companies and large capital flows take the place that only halvings and miners previously occupied more.
The disagreement with Calacanis ultimately also concerns this: what should be expected from Bitcoin in 2026? A consumer product used every day, or an asset held for years?
Strategy itself has changed its way of managing its bitcoins Saylor’s speech remains very favorable to Bitcoin. Strategy’s management has become, itself, more flexible. The company has long been associated with a simple policy: raise capital, buy BTC and hold. This mechanism still exists, but it is no longer absolute.
In 2026, Strategy sold part of its bitcoins, strengthened its dollar reserves, then started buying again when its financing conditions improved. At the end of August, it held 845,050 BTC for a cumulative cost of about 63.73 billion dollars. Its average acquisition price was around 75,400 dollars per bitcoin.
Saylor even opened the door to a one-time monetization of Strategy’s Bitcoin reserves to meet certain financial needs. This does not really look like the abandonment described by Calacanis. Bitcoin still worth about 80,000 dollars. Strategy owns hundreds of thousands of them. ETFs and company treasuries have changed the profile of its buyers. Its initial role, however, continues to be debated. Calacanis sees a product that never found its “Spotify” moment. Saylor sees 1,600 billion dollars of digital capital and no reason to take off his orange tie.
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Evans S.
Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Bitcoin is showing signs of renewed strength after reclaiming ground above the $75,500 support level. Analysts are closely watching this move as a potential turning point for the cryptocurrency’s price direction, with $81,000 now identified as a critical level for verifying further upside momentum.
Key technical and market indicatorsMarket analysts, including Crypto Scient, noted that Bitcoin swept the $75,500 lows but did not maintain a sustained drop below this level. The move below support is viewed as a failed breakdown, commonly referred to as a deviation, which could indicate a shift toward bullish price action. Crypto Scient added that a decisive daily close above $81,000 would be necessary to confirm a new breakout setup for Bitcoin.
A daily close above $81,000 would provide the confirmation needed for a breakout scenario, with a possible target extending toward $100,000, according to Crypto Scient.
The range between $75,500 and $81,000 is regarded as pivotal for determining Bitcoin’s mid-term trajectory. Price action remaining above $75,500 maintains the significance of the failed breakdown pattern, while a close above $81,000 would signal renewed buying interest and increased potential for higher price targets.
However, the projected $100,000 target mentioned by Crypto Scient represents an estimate rather than a confirmed technical objective. Several resistance levels would need to be surpassed before such a move becomes relevant from a technical perspective.
ETF inflows and trading activityInvestor activity remains strong across both derivatives and spot markets. WhaleFactor, a provider of on-chain analytics, reported that open interest did not surge significantly alongside Bitcoin’s late August breakout. This observation suggests more moderate leverage than seen during previous rallies, when both price and open interest increased sharply due to aggressive trading.
At the same time, US-based spot Bitcoin ETFs recorded a notable shift. Data from SoSoValue shows that on September 17, spot Bitcoin ETFs posted $159.5 million in net inflows, following two consecutive days with a combined outflow of $746 million. BlackRock’s IBIT ETF led the turnaround, contributing $183.7 million in inflows.
ETF NameNet Inflows (Sept 17)Prior 2 Days Net OutflowsBlackRock IBIT ETF$183.7 millionIncluded in $746 million total outflowsAll US Spot Bitcoin ETFs$159.5 million$746 millionThis renewed demand reversed the short-term outflow trend but is not yet considered a definitive change in longer-term ETF flows. As of September 18, US spot Bitcoin ETFs collectively held more than 1.25 million BTC, valued at roughly $102 billion.
For context, BlackRock is a global asset management firm and the world’s largest ETF provider, lending institutional prominence to any notable ETF movement.
Mini dictionary: SoSoValue – A data analytics platform specializing in tracking cryptocurrency exchange, ETF, and blockchain asset flows.
While spot ETF inflows indicate renewed institutional interest, they do not guarantee a sustained rally in Bitcoin’s price.
Outlook and risk factorsAnalysts continue to monitor whether Bitcoin can hold above its recently recaptured support zone as market conditions normalize. Maintaining these levels would support the current recovery trend, while another breakdown could reignite downward pressure.
Spot ETF inflows confirm that institutional demand can shift quickly, yet leverage has not increased as strongly as previous Bitcoin rallies.
Without a firm break above $81,000, the market still faces possible downside risk. At the same time, the scenario highlighted by Crypto Scient places emphasis on validation through price action rather than leverage, indicating a cautious but watchful stance among traders.
Willy Woo, a well-known Bitcoin (CRYPTO: BTC) advocate and cryptocurrency analyst, recounted how nonstop world travel after a tough chapter altered his view of life.
The ‘Hack’ After DreadIn an X post from Sept. 12, Woo said that after losing both parents to cancer by the age of 18, a deep sense of negativity took hold, and he started believing he too would die young.
For the next 10 years, he lived with this dread until he finally uncovered a “hack.”
“At 28, I quit my corporate engineering job and traveled the world. A new place every 2-3 days,” Woo stated. “I lived a lifetime in that 6-month trip.”
Woo Started Chasing ‘Newness’Those six months felt like two years to Woo, yet only two months to his colleagues—a phenomenon he described as "12x time compression."
The Bitcoin maximalist said the world trip gave him a new sense of purpose.
“I went on to quit my job, started businesses and lived nomadically, optimising my life, not for happiness or money, but for newness,” Woo added.
Woo quoted a neurosurgeon’s explanation of routine-induced time compression, who then asked X users to share their personal hacks on breaking daily patterns.
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Woo is a leading cryptocurrency analyst known for his expertise in on-chain metrics, market commentary, Bitcoin network insights and price predictions.
Woo launched Crest, which functions as a search, data, risk-mitigation and product firm.
He publishes his findings on his website, Woobull, and in a paid weekly subscription newsletter, Bitcoin Vector Lite.
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Photo Courtesy: fizkes on Shutterstock.com
Market News and Data brought to you by Benzinga APIs
Bitcoin marked its 17th year in the cryptocurrency landscape this week, reigniting debate about whether its longevity has become more of a liability than an asset. Venture capitalist Jason Calacanis likened Bitcoin to outdated media formats, describing it as “the CD in the age of Spotify” and “the DVD in the age of Netflix,” even as Bitcoin’s price moved above $80,000 on Friday.
Debate over innovation and utilityCalacanis argued that Bitcoin no longer holds the position of the most sophisticated blockchain in areas such as payments, smart contracts, or applications. According to him, the network’s persistence is tied more to nostalgia and supporter loyalty than cutting-edge technology. He pointed out that while newer blockchains offer enhanced features and greater flexibility, Bitcoin remains rooted in a relatively simple design.
In response, the Strategy chairman emphasized Bitcoin’s substantial market value, currently approximately $1.6 trillion, and its core role as “digital capital.” He described Bitcoin as primarily an asset intended to store and preserve wealth, rather than serve as an all-purpose blockchain platform advancing with each technological trend.
Bitcoin distinguishes itself with a fixed supply of 21 million coins and monetary rules that are intentionally hard to change, making it less adaptable but highly predictable in function.
Newer blockchain networks can indeed process larger transaction volumes and enable robust smart contract capabilities. However, direct comparisons to now-obsolete consumer technology assume that blockchain value is determined solely by feature sets and speed.
Core attributes and resistance to changeBitcoin’s appeal among its adherents comes largely from its stability and resistance to rapid changes. While this inflexibility can be seen as a weakness compared to more agile competitors, many investors consider the predictable monetary policy a strength. Debates within the Bitcoin community, such as tensions surrounding BIP-110, highlight ongoing disagreements about whether the protocol should evolve for broader utility or remain narrowly focused on monetary functions.
To surpass Bitcoin’s dominant role in the digital asset ecosystem, a rival network would need to do more than simply process transactions faster or support advanced applications. Matching Bitcoin’s unique combination of decentralization, strict supply limits, security, ample liquidity, worldwide user recognition, and a vast network of holders presents a far greater challenge.
FeatureBitcoinNewer BlockchainsMonetary PolicyFixed, 21 million coinsOften flexibleSmart ContractsLimited supportRobust (e.g., Ethereum)Transaction SpeedApproximately 7 tpsHundreds to thousands tpsSecurity/DecentralizationHigh, proven track recordVaries by networkInstitutional interest in Bitcoin continues to grow, further complicating the argument that it is “obsolete.” Michael Saylor, chairman of Strategy, recently stated that Bitcoin’s expansion into traditional banking could progress through custody and lending channels, even if new US crypto regulations stall. Strategy, known for its substantial corporate Bitcoin holdings, has been at the forefront of promoting institutional adoption in the sector.
Technological obsolescence is typically associated with the introduction of superior replacements, but Bitcoin’s model raises the question of whether doing less is sometimes a feature, not a flaw. For many, Bitcoin’s slow evolution and consistent policy are integral to its value proposition.
Rather than racing to add features, Bitcoin’s long-term value experiment is built on scarcity, gradual change, and enduring predictability.
REX Shares and Tuttle Capital Management launched a leveraged ETF that seeks to deliver twice the daily performance of Strive, a publicly traded Bitcoin treasury company and asset manager.
The T-REX 2X Long ASST Daily Target ETF began trading Friday under the ticker ASSX on Cboe and seeks to deliver 200% of Strive’s daily share-price performance before fees and expenses.
The fund resets its leverage daily, meaning returns over periods longer than one trading day can differ significantly from twice the performance of Strive shares. Unlike spot Bitcoin ETFs, ASSX does not hold Bitcoin or seek to track its price, instead providing leveraged exposure to Strive shares.
According to REX and Tuttle, the firms also offer 2x ETFs linked to Strategy, BitMine, Cipher Mining, Circle and SharpLink.
Strive currently holds 25,000 Bitcoin, making it the fifth-largest publicly traded corporate Bitcoin holder, according to BitcoinTreasuries.NET data. The company financed its latest 469-BTC purchase through sales of SATA, its perpetual preferred stock.
Strive shares rose 6.4% on Friday to close at $30.09, slightly above the $29.40 average 12-month price target among analysts tracked by S&P Global.
Source: Yahoo Finance
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Experienced macro investor Jordi Visser argued that the rapid development of artificial intelligence agents could create a new growth dynamic for Bitcoin and the cryptocurrency market in general. According to Visser, evaluating Bitcoin’s future performance solely through traditional macroeconomic indicators such as global liquidity, interest rates, or money supply is becoming increasingly insufficient.
Visser said that while it’s understandable that Bitcoin’s price has been largely correlated with liquidity conditions in the past, this relationship could change as the real use of cryptocurrency technology becomes more widespread. He considered the ability of Bitcoin and other crypto assets to remain strong during a period of rising interest rates a significant signal, suggesting that genuine technological innovations could grow increasingly independently of economic cycles.
At the heart of Visser’s thesis are artificial intelligence agents. The renowned investor argued that advanced AI agents will interact directly with each other in the future, requiring blockchain infrastructure. Visser stated, “Agents will interact with each other. Blockchain is necessary,” adding that the rise of AI agents is extremely positive for the cryptocurrency sector.
According to Visser, one of the significant consequences of this transformation will be the more active integration of assets, largely dormant in the current financial system, into the economic system through tokenization. Arguing that a mechanism different from traditional liquidity indicators is emerging, Visser believes that tokenization will allow assets to be used as collateral and that programmable financial transactions will become more widespread.
Visser predicts that AI agents will evolve from mere analytical software into economic actors making purchasing, payment, reservation, and financial decisions, and that digital wallets controlled by these agents could become critically important in the future. According to the analyst, automated competition could arise between company-owned AI agents and consumers’ personal agents regarding price, privacy, and transaction terms.
Visser noted that this structure could create new use cases, particularly for privacy-focused crypto projects and decentralized finance applications, and linked the increased interest in projects like Zcash and NEAR in September to the strengthening theme of AI agents and privacy. According to Visser, the ability of agents acting on behalf of businesses to conduct transactions without disclosing their identities and financial behavior to the other party will become increasingly valuable.
Visser also argued that while AI agents could increase economic productivity, they could make traditional employment and growth indicators less meaningful. He stated that his own company has fewer than 15 human employees, but the number of digital AI agents used could approach 100, adding that current economic metrics are struggling to keep pace with this transformation.
Regarding Bitcoin, Visser takes a very long-term approach. He states that Bitcoin is the asset he is most confident will appreciate in value over the next 30 years, and believes that the combination of artificial intelligence and blockchain technologies could significantly expand the real-world use cases for cryptocurrencies.
*This is not investment advice.
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Binance’s Bitcoin reserves climbed to an all-time high of approximately 702,900 BTC, according to CryptoQuant data, just as Bitcoin’s price rebounded close to $81,000. The reserve accumulation marks the highest level for Binance in 2026, raising attention among market analysts monitoring possible implications for price movements.
Reserves continue to increase since AprilIn late April, Binance’s Bitcoin reserves were around 616,000 BTC, but have since grown steadily. The increase accelerated in August, resulting in a net gain of roughly 87,000 BTC as Bitcoin moved from near $63,000 to the low $80,000s.
DefiLlama’s wallet tracking tool arrives at a slightly lower figure, showing reserves increased from approximately 547,000 BTC in April to about 652,000 BTC currently. This difference results from DefiLlama counting fewer wallet addresses.
CryptoQuant’s note cautions that higher reserves do not necessarily indicate imminent selling, but the increased holdings mean more Bitcoin is available for potential sale on the exchange. The data can reflect custodial transfers as well as deposits for trading.
XWIN Japan, an institutional research provider focused on on-chain analytics, highlighted the reserve surge and characterized it as a cautionary signal rather than a definitive warning. The company’s commentary was shared through CryptoQuant’s quicktake platform.
Mini dictionary: XWIN Japan, a digital asset analytics company, provides real-time on-chain research and market insights for cryptocurrency traders and investors.
Ongoing inflows amid price recoveryRecent weeks have continued to show positive net inflows to Binance wallets. While the most recent data indicates a net increase of 439 BTC, various episodes since late August have involved inflows running into the thousands. Outflows have occurred, but the prevailing trend tips in favor of inflows since August.
Binance plays a substantial role in global Bitcoin trading, representing 38.3% of spot volume among the top ten centralized exchanges in December 2025 according to CoinGecko. The ongoing accumulation of supply on the platform coincides with Bitcoin’s current attempt to establish direction following its rebound.
MetricLate April 2026September 2026Binance BTC Reserves (CryptoQuant)616,000702,900Binance BTC Reserves (DefiLlama)547,000652,000BTC Price$63,000~$81,000Other leading cryptocurrencies have also experienced upward momentum. Hyperliquid’s HYPE token reached an all-time high at approximately $94. XRP climbed above $1.40, and XLM has approached $0.20.
Whale activity subdued, but reserves remain elevatedThe Exchange Whale Ratio, which tracks the share of inflows from large holders, currently sits at about 0.43. This remains below earlier highs, although the indicator recorded several brief increases through August and September.
A sustained uptick in the whale ratio can suggest that major players are moving coins onto exchanges. However, the present ratio does not signal an immediate influx of significant selling pressure from whales, according to data reviewed by XWIN Japan.
Despite these trends, analysts point out that a build-up of Bitcoin on exchanges, even if not exclusively due to whale activity, means more supply could enter the market quickly should sentiment shift. For a lasting price recovery to be established, strong spot demand may need to absorb the available supply.
Technical resistance and price structureBitcoin’s daily price chart shows clear overhead resistance. The cryptocurrency registered highs between $82,300 and $82,900 in May, and again near $82,300 in early September. This resistance zone stands around 1% above the current price and is often an area where buy orders gather.
A sharp decline in mid-September pushed BTC to about $75,000, only to be followed by a rapid rebound to the $81,000 level. The moving average remains near $77,500, with key longer-term support clustered in the $63,000 to $65,000 area.
Side-by-side analysis of reserve and price data presents a mixed picture. While price hovers above a major liquidity zone, Binance’s Bitcoin reserves remain near their highest point this year. If BTC closes above $82,300, technical analysts would likely view the structure as bullish. Conversely, a rejection from current levels may open the door for retests of the $77,500 and $75,000 support range.
Until strong spot demand picks up, the current rebound offers limited evidence of a longer-term trend reversal, as large reserves on exchanges could act as potential headwinds.
REX Shares and Tuttle Capital Management launched a leveraged ETF that seeks to deliver twice the daily performance of Strive, a publicly traded Bitcoin treasury company and asset manager.
The T-REX 2X Long ASST Daily Target ETF began trading Friday under the ticker ASSX on Cboe and seeks to deliver 200% of Strive’s daily share-price performance before fees and expenses.
The fund resets its leverage daily, meaning returns over periods longer than one trading day can differ significantly from twice the performance of Strive shares. Unlike spot Bitcoin ETFs, ASSX does not hold Bitcoin or seek to track its price, instead providing leveraged exposure to Strive shares.
According to REX and Tuttle, the firms also offer 2x ETFs linked to Strategy, BitMine, Cipher Mining, Circle and SharpLink.
Strive currently holds 25,000 Bitcoin, making it the fifth-largest publicly traded corporate Bitcoin holder, according to BitcoinTreasuries.NET data. The company financed its latest 469-BTC purchase through sales of SATA, its perpetual preferred stock.
Strive shares rose 6.4% on Friday to close at $30.09, slightly above the $29.40 average 12-month price target among analysts tracked by S&P Global.
Source: Yahoo Finance
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REX Shares, an exchange-traded fund specialist, and Tuttle Capital Management introduced a new leveraged exchange-traded fund (ETF), aiming to deliver twice the daily performance of Strive, which is a publicly traded Bitcoin treasury and asset management company.
Launch of the T-REX 2X Long ASST Daily Target ETFThe T-REX 2X Long ASST Daily Target ETF began trading under the ticker ASSX on Friday on the Cboe exchange. The fund is designed to achieve 200% of Strive’s daily share-price returns before accounting for fees and expenses. To accomplish this, the ETF resets its leverage at the start of each trading day, which means that cumulative returns over longer periods may diverge substantially from double the performance of Strive shares.
Unlike spot Bitcoin ETFs, ASSX does not directly hold Bitcoin or aim to follow Bitcoin price movements. Instead, the fund provides investors with leveraged exposure to Strive shares, offering a different approach to participating in the broader Bitcoin ecosystem by focusing on equities rather than digital assets themselves.
Mini dictionary: Strive is a publicly traded company that manages Bitcoin as a central part of its treasury, making it one of the leading corporate holders of Bitcoin worldwide. Rather than holding Bitcoin directly, investing in Strive shares allows exposure to the company’s strategies and financial performance related to its cryptocurrency assets.
Comparing ETF Options from REX and TuttleCompany representatives stated that, in addition to the new ASSX fund, REX Shares and Tuttle Capital also offer leveraged 2x ETFs connected to other publicly traded entities with exposure to the cryptocurrency and blockchain sector, including firms like Strategy, BitMine, Cipher Mining, Circle, and SharpLink. This range aims to provide investors with a selection of leveraged products tied to different crypto-focused companies.
ETFUnderlying CompanyLeverageSectorASSXStrive2x DailyBitcoin Treasury2x Strategy ETFStrategy2x DailyDigital Asset Holding2x BitMine ETFBitMine2x DailyMining2x Cipher Mining ETFCipher Mining2x DailyMining2x Circle ETFCircle2x DailyPayments2x SharpLink ETFSharpLink2x DailyDigital PlatformsStrive’s Bitcoin Holdings and Recent ActivityStrive currently holds 25,000 Bitcoin, making it the fifth-largest corporate Bitcoin holder trading on public markets, according to data from BitcoinTreasuries.NET. The firm recently expanded its Bitcoin reserves by acquiring 469 more BTC, a purchase financed through sales of SATA, its perpetual preferred stock offering.
Strive’s stock closed up 6.4% on Friday at $30.09. This price sits modestly above the 12-month average price target of $29.40 established by analysts and reported by S&P Global.
Strive solidified its position as the fifth-largest publicly traded Bitcoin corporate holder, following its latest purchase of 469 BTC financed via SATA preferred stock sales.
US spot Bitcoin ETFs now manage roughly $102.5 billion in assets, holding approximately 6.29% of Bitcoin’s entire supply. That’s around 1.27 to 1.32 million BTC sitting in cold storage, effectively pulled from active circulation since these products launched in January 2024.
BlackRock is eating the competition alive BlackRock’s iShares Bitcoin Trust, known by its ticker IBIT, holds an estimated 693,000 to 786,000 BTC. That gives it a commanding share of the total ETF market, often exceeding 60% of all Bitcoin ETF assets.
IBIT has pulled in more than $60 billion in cumulative inflows since launch. Fidelity and Grayscale have struggled with net outflows during various periods. Grayscale’s converted GBTC product shed significant holdings as investors rotated into lower-fee alternatives. The cumulative net inflows across all US spot Bitcoin ETFs sit at approximately $55 billion, which means BlackRock alone accounts for a disproportionate chunk of the total capital that’s actually stuck around.
The supply squeeze no one can ignore Bitcoin has a hard cap of 21 million coins. Bitcoin held by ETFs doesn’t get lent out, staked, or traded on exchanges. It just sits there, backing the shares that investors buy and sell on traditional stock markets. Every BTC that enters an ETF’s custody is one fewer BTC available for spot market transactions.
According to current market valuations, reaching the 10% ownership threshold would require an additional $60.5 billion in ETF assets. That figure assumes Bitcoin’s price stays flat, which, if the supply dynamics play out as expected, it almost certainly wouldn’t. Rising prices would raise the cost of each incremental BTC, meaning the actual capital required to hit 10% could be substantially higher.
At current implied valuations, Bitcoin’s total market cap sits at roughly $1.63 trillion. The ETFs’ $102.5 billion share of that represents a level of institutional participation that would have seemed almost fantastical during the 2022 bear market, when the SEC was still blocking every spot ETF application that crossed its desk.
What institutional adoption actually looks like The spot Bitcoin ETF approvals in January 2024 gave pension funds, registered investment advisors, and wealth management platforms a compliant vehicle to gain Bitcoin exposure. No private keys, no custody headaches, no explaining to a compliance department why you need a Ledger wallet. Just a ticker symbol on a brokerage screen.
ETF inflows have shown resilience through multiple Bitcoin price corrections, with assets under management hovering around the $100 billion mark throughout September 2026. When Bitcoin’s price dips, the dollar value of ETF holdings drops mechanically, but the BTC held in custody doesn’t leave.
What happens from here With roughly 19.7 million BTC mined and millions likely lost or permanently dormant, the actively traded supply is already smaller than the headline number suggests. Removing another 4% from circulation to reach that 10% threshold would further compress the liquid supply at a time when demand channels, from ETFs to corporate treasuries to sovereign interest, continue to expand.
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