Bitcoin [BTC] has rallied by 8.10% since posting Wednesday’s low of $75,064. The price dip came following the Fed’s decision to raise interest rates by 25 bps.
A rally from those lows suggested that the pullback from $82K earlier in September was due to the market pricing in the rising odds of a rate hike.
Bitcoin unfazed by bearish developments Source: BTC/USDT on TradingView At the time of writing, the yearly moving average was at $80,701. Bitcoin‘s recovery from its $60K lows in July and the latest resurgence from $76K have helped drive BTC back above the 365-day moving average for the first time since November 2025.
This is a major victory for the bulls, especially given the timing. The CLARITY Act has failed to pass in the Senate, there is an ongoing transition to tightening liquidity conditions due to inflation, and a series of rate hikes is possible in 2027. That’s not all either as the Bank of Japan has also raised interest rates.
In short, BTC has been able to absorb these blows and still push higher. In fact, according to crypto researcher Bull Theory on X, this seemed to be reminiscent of the 2023 market bottom.
Growing long-term holder supply signals market conviction among strong hands Source: CryptoQuant Since February, the long-term holder total supply has steadily trended higher, while the short-term holder (defined as coins with age 155 days or under) total supply has been in decline. It was a record phase of accumulation, wrote crypto analyst Funding Vest on CryptoQuant.
It meant that weak hands were being shaken out of the market, while higher conviction holders continued to accumulate. This could be a bullish signal that could constrict supply further and spark a supply shock if prices continue to climb.
Source: Joao Wedson on X There may be some warning signs to keep an eye on though. According to analyst Joao Wedson, for instance, trading activity is still subdued compared to the previous bull market levels. This may be evidence of weaker retail participation.
Right now, Bitcoin is still in the process of breaking its bearish trend. It might not even have fully transitioned into a bull run. The upcoming rate hikes and a rising U.S Dollar Index could also spell trouble for risk-on markets.
Final Summary Bitcoin has surpassed the yearly moving average for the first time since November 2025. Resilience in the face of a series of bearish news is evidence of bullish underlying conditions.
Bitcoin reclaimed its upward momentum, returning to positive territory with a sharp price jump over the last 24 hours. The largest cryptocurrency is now trading above $81,000, reflecting renewed bullish sentiment across the crypto market.
Binance reserves see new yearly peakOnchain analytics from CryptoQuant, a platform that specializes in blockchain data, revealed that Binance’s Bitcoin reserves have now climbed to 702,900 BTC as of September 19. This amount marks the highest reserve level recorded on Binance so far in 2026.
Binance, the world’s largest cryptocurrency exchange by trading volume, holds these coins on behalf of users. A rise in Bitcoin reserves on the platform can indicate that more holders are depositing their assets, potentially signaling an increased willingness or readiness to sell.
Despite the increasing Bitcoin price and improved sentiment, the mounting reserve figure signals caution among market observers who often interpret high exchange reserves as a bearish signal for the digital asset.
CryptoQuant data showed that Binance has seen steady net inflows of Bitcoin since late August. This trend has pushed overall holdings to a new yearly high, even as prices have rebounded strongly following a broader crypto market upturn.
DateBinance BTC ReservesBTC PriceLate August 2026Approximately 670,000 BTCBelow $81,000September 19, 2026702,900 BTCAbove $81,000Market sentiment and whale activityWhile the surge in reserves points to more Bitcoin being available on Binance, analysis indicated that there has not been a notable shift in large-scale movement by major holders, often referred to as “whales.” CryptoQuant’s onchain data found whale activity remains stable, suggesting the added supply is not primarily linked to significant whale-driven selling pressure.
Higher reserves on an exchange do not necessarily translate to immediate sales, but historically, such increases have sometimes preceded profit-taking or intensified selling activity. Nevertheless, the absence of abnormal whale movement offers some reassurance that large investors are not yet offloading massive amounts of Bitcoin.
Regardless of these inflows, market analysts agree that sustaining the current rally will largely depend on buyers’ ability to absorb the additional Bitcoin supply making its way onto Binance.
Analysts continue to monitor the evolving reserve data for signals of a potential shift in market dynamics. If spot demand lags behind the rising exchange supply, it could challenge the durability of Bitcoin’s upward price momentum in the coming days.
CryptoQuant, a data analytics provider for blockchain and digital assets, tracks reserve balances and onchain flows across major cryptocurrency exchanges to gauge market sentiment and investor activity.
Binance, headquartered in Malta and founded by Changpeng Zhao, has grown to become the largest global cryptocurrency exchange, supporting a broad range of digital assets available for spot, margin, and derivatives trading.
As market observers continue to focus on the interplay between exchange reserves and price action, all eyes remain on whether the current upward move will persist in the face of increased supply on Binance.
Cover image via depositphotos.com 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.
Bitcoin entered the weekend with a local rally, settling around $81,280 after gaining around 4% over the past 24 hours. The main driver of market debate has been the "golden cross," a chart pattern in which the 50-day moving average crosses above the 200-day moving average.
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For retail investors, this is traditionally a signal of the beginning of a global bull market. However, popular analyst Benjamin Cowen is urging caution against jumping to conclusions.
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In his view, at $81,280, Bitcoin has entered a zone of historical uncertainty, where a classic liquidity trap could be hiding behind the appealing facade of a technical indicator, raising serious concerns among experts.
Why the current surge to $81,280 does not mean the bear market is overWhile retail traders link the current rally to speculation surrounding future interest rates, the real intrigue is unfolding exclusively on the price chart.
Benjamin Cowen emphasizes that Bitcoin price declines during the formation of golden crosses are perfectly normal. This is precisely the scenario the market witnessed in the first half of September, when the asset experienced a local pullback.
A far more important and telling factor, according to the analyst, is how the current rebound to $81,280 ultimately plays out. This move divides historical precedents into two opposing camps.
Bitcoin chart showing a potential Golden Cross as short-term moving averages intersect with the 200-day SMA, Source: TradingViewThe first possibility is the bullish scenario of 2019 and 2023. Cowen notes that during those cycles, Bitcoin managed to recover from the post-cross sell-off, stage a rally, and establish a higher high, ultimately breaking the back of the bear market.
The main confirmation of this outcome now would be a decisive breakout above the psychological resistance zone and weekly candle closes above the 50-week simple moving average (50W SMA).
As the analyst explains, breaking the bearish scenario requires precisely "a higher high paired with weekly closes above the 50-week SMA," which would significantly weaken the bears' position.
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The second possible outcome is a dangerous repeat of the 2014–2015 scenario. According to Cowen's analysis, if the current recovery runs out of steam and the price faces a firm rejection at current levels, the market will form a lower high.
In that case, a classic "rejection at those levels to support bear market continuation" would occur, and the broader bear market would continue in line with the historical pattern.
For those trying to understand what to do next, Cowen provides a clear reference point: do not give in to weekend emotions and calmly monitor price action around the 50W SMA at weekly closes. This is the level that will distinguish a genuine reversal of the broader trend from yet another trap for overly optimistic buyers.
BTC is above $81,000 despite the week it had. But the real test comes now.
Bitcoin showed impressive resilience over the past several days, even as everything was seemingly going against it. From the CLARITY Act setback in the US Senate to the Fed and BOJ hiking rates, the cryptocurrency, being a risk-on asset, was expected to suffer.
And it did for a bit, slumping to a three-week low at $75,000 on Tuesday and Wednesday. However, the initial shock was quickly absorbed, and the bulls returned on Friday with a major push that drove the asset to over $81,000 for a two-week peak. Moreover, it has remained there on Saturday, unlike the previous breakout attempts, which has prompted some analysts to predict the start of the bull market – but only if this condition is met.
The Real Test Crypto Rover and CryptoGoos jointly highlighted $81,000 as the immediate breakout level, arguing that a successful move through it could quickly put $100,000 back on the table, followed by potentially $120,000. The asset has already tested the first part of that highly optimistic scenario, but another closely watched technical barrier just sits above the current level.
CryptoGoos pointed to bitcoin’s 50-week moving average, positioned at around $81,700 at the moment. The analyst said reclaiming that line would represent confirmation that BTC has transitioned back into a bull market. Recall that bitcoin tested it on a couple of occasions several weeks ago, but to no permanent avail.
The level is particularly interesting because other data identifies the low-$82,000 region as an important resistance zone. Bitcoin’s 365-day MA has recently hovered there, reinforcing the idea that the current zone could be more significant than the psychological $80,000 mark itself.
As such, breaking past $80,000 and even $81,000 might not be enough for now, as BTC would need to overcome the $82,000 area to prove it has the power to turn this into something more than another failed breakout attempt.
Another Major Gate Fellow analyst EGRAG CRYPTO offered an even higher threshold before declaring that BTC’s macro bullish structure has returned. He outlined the 100-period EMA on the asset’s five-day chart, which currently sits near $90,000. Falling below this indicator has historically coincided with bearish pressure, but reclaiming it, retesting it, and subsequently bouncing has provided much stronger bullish confirmation.
You may also like: Bitcoin Survived the CLARITY Act Setback: What Happens Next? Could XRP Actually Flip Bitcoin? Former Ripple CTO Says Yes – But the Math Is Brutal Bitcoin Price Suddenly Rockets Past $80K Leaving $180M in Shorts Liquidated Consequently, the analyst believes a five-day close above $90,000 followed by a successful retest would be necessary before the bull can officially call it their own market phase.
Technical analyst Aksel Kibar stated that a breakout above the $82,800 level in Bitcoin (BTC) price could constitute a significant bullish signal in the current timeframe.
Kibar pointed out that a potential rectangular pattern reversal or double bottom formation on the Bitcoin chart could be completed above the 52-week exponential moving average (EMA), which has been tracked for about a year. However, according to the analyst, a brief price breakout above this level is not enough for the formation to be confirmed; a clear breakout is needed with the weekly candle close.
Kibar stated that his analysis was primarily from an investor’s perspective, while short-term traders could monitor daily candlesticks to determine entry times.
Kibar stated that he is hesitant to consider moving averages as trading signals on their own, adding that he does not view a price crossing a moving average as a direct buy or sell signal. According to the analyst, what is truly important is when the price breaks the boundaries of technical formations.
Kibar stated that two separate technical confirmations are obtained when the formation breakout occurs both above and below a significant moving average, saying, “The trend is confirmed, and at the same time, the breakout of the chart formation is also validated. This is how I evaluate the completion of formations.”
In this context, according to Kibar’s analysis, a weekly breakout above $82,800 for Bitcoin stands out as a critical threshold to watch closely, both for the completion of the technical pattern and in terms of the long-term trend.
*This is not investment advice.
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Key Highlights The HYPE token achieved an unprecedented peak of $92.56 on September 18. The platform rolled out manual stablecoin borrowing functionality with HYPE or BTC as backing. Platform data shows approximately $269 million in loans issued during the inaugural day. The HYPE token offers a 65% loan-to-value threshold, exceeding Bitcoin’s 50%. Payward intends to provide compliant Hyperliquid perpetual contracts to qualifying U.S. traders, subject to regulatory green light. The native token of Hyperliquid soared to unprecedented levels following the platform’s introduction of a lending mechanism enabling users to secure stablecoin loans using HYPE and Bitcoin as collateral.
Hyperliquid (HYPE) Price On September 18, HYPE touched $92.56, eclipsing the prior high of $89.57 from earlier this month. Subsequently, the asset traded around $91.20, reflecting a 10.5% gain across 24 hours.
The token fluctuated between approximately $81.70 and $92.56 throughout the day amid heightened trading interest. HYPE’s total market value hovered near $20.3 billion.
Daily transaction volume hit approximately $1.72 billion. Over the preceding month, HYPE demonstrated a 57.1% appreciation.
This rally coincided with Bitcoin’s upward movement, which traded near $80,981 following a session gain of roughly 5.6%.
Platform Rolls Out Collateral-Based Lending Feature On September 18, Hyperliquid debuted its manual borrowing service via HyperCore. The system allows participants to deposit HYPE or Bitcoin and obtain USDC or USDT loans against these holdings.
The HYPE token supports a 65% loan-to-value ratio. Under this structure, $1,000 worth of HYPE collateral enables borrowing up to $650 based on oracle pricing.
Bitcoin features a more conservative 50% threshold. Consequently, identical $1,000 collateral would permit maximum borrowing of $500.
According to Hyperliquid’s announcement on X, approximately $269 million in assets were borrowed within the initial 24 hours of operation.
Users who borrow stablecoins incur interest charges, while those supplying USDC and USDT generate yield proportional to platform utilization. The protocol retains 10% of borrower interest payments as a reserve fund for potential liquidations.
Hyperliquid establishes an 82.5% partial liquidation point for HYPE collateral, versus 75% for Bitcoin. Declining asset values, withdrawals, or accruing interest can push accounts toward liquidation territory.
Regulated U.S. Markets and Growing Ecosystem Additional catalysts have drawn attention to Hyperliquid. On September 16, Payward, the entity behind Kraken, revealed intentions to deliver regulated Hyperliquid trading venues to qualified U.S. participants via Bitnomial.
The contemplated offering would leverage Hyperliquid’s HIP-3 framework, with Bitnomial managing regulated market operations, clearing protocols, and settlement procedures.
This initiative awaits regulatory authorization, and no timeline has been disclosed.
NEAR has additionally integrated perpetual futures trading through Hyperliquid, enabling participants to access over 50 trading pairs with leverage capabilities extending to 40x.
Based on current market information, HYPE’s record high stands at $92.56, with the token maintaining levels above $90 following the borrowing feature activation.
Crypto analyst Darkfost says Bitcoin’s market behavior has undergone a substantial shift, moving from "panic selling" to "buy-the-dip". The market has crossed a real threshold, with a clear change in investor behavior. Previously, most traders panicked and sold on dips, but now the same pullbacks are being treated as buying opportunities. As a result, expecting Bitcoin to continue its sharp decline has become far more difficult, and short sellers face a more complex operating environment.
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U.S. spot Bitcoin ETFs recorded $324.6 million in net inflows on September 18. Fidelity’s FBTC accounted for $310.7 million of the total. BlackRock’s IBIT recorded no net flow for the session. Bitcoin ETF money came back in force on Friday, but almost all of it landed in one place.
U.S. spot Bitcoin ETFs recorded a combined $324.6 million in net inflows on September 18, according to Farside Investors, reversing some of the heavy redemptions seen earlier in the week.
Fidelity’s Wise Origin Bitcoin Fund did most of the lifting.
FBTC took in $310.7 million during the session, accounting for roughly 96% of the group’s net inflow. Bitwise’s BITB added $9.7 million, ARKB brought in $1.9 million and VanEck’s HODL added $2.3 million.
BlackRock’s IBIT, normally one of the largest contributors on strong flow days, finished flat.
Fidelity Took The Whole Session The concentration is probably the most interesting part of the numbers.
ETF flow headlines often get reduced to one big aggregate figure, but Friday wasn’t a broad wave of institutional buying across every issuer. It was overwhelmingly a Fidelity day.
That matters because the previous sessions had been rough.
The funds recorded a $450.4 million combined outflow on September 15 and another $295.9 million outflow on September 16 before returning to positive territory with $159.5 million on September 17.
Friday extended that rebound.
It doesn’t erase the earlier selling, but it does show buyers were willing to step back in quickly after two particularly weak sessions.
ETF Demand Is Still Moving In Bursts That stop-start pattern has become one of the defining features of the ETF market.
Large institutional allocations do not arrive smoothly. A few hundred million dollars can leave one day and return through a different issuer two sessions later.
For Bitcoin, that makes the daily flow table useful without making any one row decisive.
Friday’s $324.6 million is meaningful, particularly because FBTC absorbed such a large allocation. But it is still one trading day rather than evidence that every institution has suddenly turned bullish again.
The better read is that ETF demand remains active and capable of snapping back quickly after periods of selling.
And this time, Fidelity was very clearly at the center of it.
Bitcoin fiyatı, cuma günü ABD piyasalarının açılmasıyla birlikte güçlü bir yükseliş yaşadı ve 80 bin dolar seviyesini yeniden aştı. BTC, küresel petrol piyasasındaki arz endişeleri ve ABD tahvil getirilerindeki yükselişe rağmen 81.034 dolara kadar çıktı. Böylece kripto para piyasasında kısa pozisyonların tasfiye edilmesiyle yükseliş hareketi daha da hızlandı.
TradingView verilerine göre BTC/USD, Bitstamp üzerinde 81.034 dolarlık yerel zirveyi gördü. Bu hareket sırasında spot fiyatın üzerinde bulunan çok sayıda short pozisyon baskı altına girdi ve dört saat içinde kripto varlıklardaki toplam short likidasyonları yaklaşık 250 milyon dolara ulaştı.
Bitcoin Neden 81 Bin Dolara Yükseldi? Bitcoin’deki yükselişin önemli nedenlerinden biri, kısa pozisyonların hızla tasfiye edilmesi oldu. Fiyat yukarı hareket ettikçe kaldıraçlı short pozisyonlar kapandı ve bu işlemler yeni alım baskısı oluşturarak BTC’nin yükselişini destekledi.
Ancak hareket yalnızca kripto piyasasındaki pozisyonlanmayla sınırlı kalmadı. Küresel piyasalarda petrol arzına ilişkin endişeler yeniden güçlenirken ABD’nin 30 yıllık tahvil getirisi de yüzde 5,34’e kadar yükseldi. Günlük bazda getiri yaklaşık 90 baz puan arttı.
Petrol tarafında ABD WTI ham petrolünün varil fiyatı önce 94,8 dolara kadar geriledi. Ardından Asya işlemlerinde yeniden yükselen petrol, haberin hazırlandığı sırada 98 dolar civarında işlem görüyordu.
Petrol Arzındaki Açık Bitcoin İçin Neden Önemli? Uluslararası Enerji Ajansı, cuma günü yayımladığı değerlendirmede küresel petrol arzındaki sıkışıklığın devam etmesi halinde ülkelerin tüketimi azaltmak zorunda kalabileceği uyarısında bulundu.
IEA, mart ayında Hürmüz Boğazı’nın kapanmasının ardından acil durum rezervlerinden 400 milyon varil petrolü piyasaya sürmüştü. Sonraki aylarda fiyat baskısı bir miktar azalırken Hürmüz’ü bypass eden rotalar, bölge dışındaki üretim artışı, Körfez’den petrol akışının kısmen toparlanması ve küresel talebin zayıflaması arz açığının etkisini sınırladı.
Buna karşın Körfez kaynaklı arz kısıtlamaları sürerse ve ticari stoklar hızla erimeye devam ederse petrol fiyatlarının daha fazla yükselmesi ve talebin düşmesi gerekebilir. IEA verilerine göre ağustos ayında Hürmüz Boğazı’ndan günlük petrol akışı 7,6 milyon varile geriledi. Bu rakam, ABD-İran savaşı öncesindeki seviyenin günlük 13,1 milyon varil altında bulunuyor.
Bitcoin İçin 82 Bin Dolar Neden Kritik? Bitcoin’in 81 bin dolara yükselmesi, teknik açıdan önemli bir direnç bölgesini yeniden gündeme getirdi. Trader ve analist Rekt Capital, mevcut hareketin Bitcoin boğaları için kritik bir sınav olduğunu belirtiyor.
Analistin takip ettiği seviyeye göre BTC/USD’nin 82 bin doları aşması gerekiyor. Bitcoin bu seviyeyi geçemezse, daha önce mayıs ortasındaki toparlanmanın ardından oluşan reddedilmeyle birlikte çift tepe benzeri bir ret formasyonu ortaya çıkabilir.
Buna karşılık mevcut yükseliş Bitcoin’in True Market Mean seviyesini yeniden kazanmasını sağladı. İkincil piyasalarda alınan Bitcoinlerin toplam maliyet bazını temsil eden bu gösterge 76.660 dolar seviyesinde bulunuyor.
BTC İçin 80.500 Dolar Ne Anlatıyor? Glassnode, Bitcoin’in True Market Mean seviyesinin üzerine çıkmasını önemli bir gelişme olarak değerlendiriyor. Platforma göre fiyatın bu seviyenin üzerinde kalması, Bitcoin’in yeniden yükseliş rejimine girdiğine işaret ediyor.
Kurumsal Bitcoin hazinelerinin maliyet bazında ise yaklaşık 80.500 dolar seviyesi öne çıkıyor. Bu nedenle 80.500 ile 82.000 dolar arasındaki bölge, kısa vadeli piyasa analizi açısından dikkatle izlenmesi gereken bir aralık oluşturuyor.
Bitcoin’in bu bölgeyi aşması veya yeniden reddedilmesi, kripto yatırımı yapanların takip edeceği önemli sinyaller arasında yer alıyor.
Bu içerik kesinlikle yatırım tavsiyesi niteliği taşımamaktadır. Piyasalar yüksek risk içermektedir ve yatırım kararlarınızı almadan önce kendi araştırmanızı yapmanız önemlidir.
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.
The cryptocurrency market experienced a notable rally today, with Bitcoin surpassing $81,000 and major altcoins such as Ethena (ENA), Injective (INJ), and VeChain (VET) posting significant double-digit gains. The total market capitalization of digital assets increased by 4% over the past 24 hours, reaching $2.78 trillion.
Bitcoin leads as safe-haven demand risesBitcoin’s sharp rise above the key resistance of $80,000 has been a major factor driving the current market rally. Analysts cite its status as a safe-haven during the ongoing surge in US public debt, which has climbed to $40 trillion and continues to grow, as a catalyst for increased investor interest.
Supporting its reputation as a digital alternative to gold, Bitcoin maintains a hard cap of 21 million coins and has avoided security breaches for 17 years since its inception. Investors have increasingly turned to it for perceived stability as traditional financial risks mount.
Market sentiment has also mirrored this bullish outlook. The Crypto Fear and Greed Index remains entrenched in the greed zone with a reading of 73, its longest streak above this level in 2026. Historically, extended periods in this range have corresponded with investors aggressively allocating to digital assets.
Trading volumes reflect this enthusiasm, with 24-hour turnover rising 17.8% to over $104.9 billion. This increased activity suggests strong demand not only for Bitcoin but for the broader altcoin segment as well.
Technical indicators have contributed to the positive sentiment. Bitcoin has recently formed a bullish flag and a golden cross pattern, which, according to multiple chart analysts, signal the likelihood of continued upward momentum. Prominent cryptocurrencies including Ethereum (ETH), XRP, and Solana (SOL) have displayed similar technical formations.
Investors point to Bitcoin’s robust fundamentals—such as its fixed supply and security record—as key drivers of its safe-haven appeal amid rising US debt, fueling the ongoing rally across the market.
Altcoins rally as technicals confirm bullish trendsAlongside Bitcoin, several altcoins have outperformed following strong technical signals. Ethena (ENA) recently broke above a crucial resistance at $0.1908 after a retreat to $0.1350 in August. Momentum indicators and positioning above all major moving averages underscore a bullish structure, with traders targeting the $0.2500 psychological level as the next upside goal.
Injective (INJ) saw a notable boost after 21Shares submitted an application for a spot INJ ETF and community members voted to expand its financial sector involvement. Chart watchers identified a bullish cup-and-handle pattern, and INJ’s price remains above significant moving averages. If current momentum persists, INJ could retest the upper boundary of this breakout near $7.3167.
VeChain (VET) continues its upward trajectory. The token remains above its 50-day moving average, considered a robust support, and has climbed past the $0.0083 resistance—its September 10 peak. With this breakout, bulls now focus on the psychologically significant $0.01 level as the next target.
In an environment where a single central bank announcement or a surprise altcoin listing can rapidly shift market dynamics, traders increasingly seek efficiency. Relying on multiple platforms for charting, news, and portfolio updates can cost investors both time and money. Many are now consolidating their trading activities using privacy-first apps like CryptoAppsy, offering real-time charts, customizable price alerts, coin-specific news, and key macroeconomic indicators—all easily accessible on a single screen without the need for account registration.
With altcoin technicals pointing to further gains, traders remain alert to new developments that could rapidly impact $BTC and the broader crypto space.
Bitcoin launched into the weekend with a local rally, climbing to $81,280 after a 4% gain in the past 24 hours. The main topic among traders has been the appearance of the “golden cross,” a chart pattern where the 50-day moving average overtakes the 200-day moving average, often viewed as a bullish signal.
Analyst advises caution despite golden cross optimismWhile retail investors typically interpret the golden cross as the start of a new bull market, analyst Benjamin Cowen recommends careful observation instead of immediate optimism. He notes that despite Bitcoin’s move to $81,280, the asset now occupies a historical zone of uncertainty.
At this level, Cowen points to the risk of a liquidity trap, cautioning that technical indicators can sometimes mask underlying market fragility. Experts are voicing concerns that traders should avoid relying solely on textbook chart signals.
Cowen highlights that short-term drops during a golden cross formation are routine, referencing past instances such as the local pullback seen in early September. This, he claims, does not necessarily negate the longer-term implications of the pattern but requires patience and closer monitoring.
Cowen divides the historical response to golden crosses into two potential directions, both with significant consequences for traders.
Key levels and historical precedents shape the outlookThe first path is a resumption of the bullish cycles of 2019 and 2023, when Bitcoin managed to recapture losses after the initial post-cross decline, ultimately setting higher highs and confirming a shift out of the bear market. Decisive weekly closes above key resistance, notably over the 50-week simple moving average (50W SMA), would provide solid confirmation of this positive trend.
Breaking the bearish scenario requires a higher high accompanied by weekly closes above the 50-week SMA, a move that would seriously challenge sellers’ control of the market.
Alternatively, Cowen outlines the risks of reliving the bearish structure of 2014 and 2015. If Bitcoin’s current rebound is rejected and fails to surpass recent highs, the asset could form a lower high and continue its broader downward trend. Such a pattern, he suggests, would reinforce the bear market rather than deliver a fresh breakout.
Trading history suggests that market direction often hinges on how prices behave near critical technical indicators. The golden cross may signal opportunity, but confirmation involves sustained performance above the 50W SMA.
Evolving market structures and tokenizationAs technical indicators such as moving averages shape trading sentiment in cryptocurrencies, broader financial markets are also evolving. While traditional markets depend on complex brokerage systems, Wall Street is experiencing a major shift toward Web3 infrastructure. Investors are increasingly moving assets like shares in leading U.S. companies, gold, and silver directly to crypto wallets through platforms such as 1stepSwap. By tokenizing real-world assets and sourcing the best available market prices automatically, these platforms aim to eliminate intermediaries and enhance trading efficiency.
Against this backdrop, Cowen advises traders to set aside emotional reactions, especially during periods of heightened interest and technical volatility over weekends. He underscores the need to watch how Bitcoin interacts with the 50W SMA in coming weekly closes, as this level holds the key to confirming either a lasting reversal or exposing another rally trap.
Market participants are urged to monitor weekly closes near the 50W SMA, as this threshold may distinguish between a genuine trend change and a repeat of previous disappointments.
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.
Bitcoin recovered sharply this week, erasing recent losses as it climbed from the low $75,000 range to above $80,000 in a volatile trading stretch impacted by both regulatory and macroeconomic factors.
Fed interest rate hike and regulatory developmentsThe backdrop for Bitcoin’s price action included the Federal Reserve’s first interest rate hike since July 2023. The central bank increased its benchmark rate by 25 basis points, setting the new target range at 3.75% to 4%. In projections released with the decision, the Fed indicated that interest rates could remain higher for longer, hinting at another possible increase in 2026.
Meanwhile, the US Senate failed to advance the Clarity Act, which had aimed to introduce a more comprehensive federal framework for digital assets. The procedural vote did not reach the 60-vote threshold required, leaving the bill stalled and creating further uncertainty regarding the timeline for broad crypto regulation in the United States.
Despite market expectations for the Fed’s move, the prospect of prolonged restrictive monetary policy increased caution among investors, typically making speculative assets such as cryptocurrencies less attractive in the short term.
The regulatory setback was seen as having broader implications for the digital asset sector, although its direct impact on Bitcoin was limited due to its relatively more established legal status in the US.
Market participants noted that while the Senate vote added uncertainty, Bitcoin remained under an existing regulatory framework, so its short-term risk was lower compared to other cryptocurrencies directly awaiting clarifications from new legislation.
Price volatility and capital flowsBitcoin started September trading between $80,000 and $81,000 but struggled to maintain upward momentum throughout the first half of the month. The price weakened sharply around September 10, falling to approximately $76,500 and remaining within the $76,000 to $79,000 band for several days.
A short-lived recovery on September 14 briefly pushed BTC to about $78,200 before sellers returned, pressuring the asset further. The sell-off accelerated following the Senate’s procedural vote on September 15, pushing Bitcoin below $76,000 and deepening uncertainty for traders and investors.
By September 16, Bitcoin touched near $75,000, with capital flows weakening across the crypto market. Analytics firm Glassnode observed that Bitcoin ETFs experienced outflows and both new capital and stablecoin growth slowed during this period.
ETF inflows and outflows have emerged as key drivers in Bitcoin’s price dynamics. Spot Bitcoin ETFs in the US, introduced in early 2024, allow institution-level and traditional investors direct access to the crypto asset via regulated channels.
Mini dictionary: Spot Bitcoin ETF, a type of investment fund that holds Bitcoin directly and is traded on traditional exchanges, offering investors exposure to Bitcoin without needing to buy or store the cryptocurrency themselves.
ETF inflows fuel sudden reboundAfter stabilizing near $76,000 over September 16 and 17, Bitcoin surged more than 5% on September 18. Prices briefly exceeded $80,000, reaching around $80,700 to $80,900. This rebound was closely tied to renewed ETF inflows: US-listed spot Bitcoin ETFs posted approximately $160 million in net inflows that day, reversing two days of prior outflows.
DateBTC Price (approx.)ETF Net FlowsSept. 16$75,000NegativeSept. 18$80,700–$80,900+$160 millionInstitutional interest through ETF products has become a major variable influencing spot market trends for Bitcoin. While daily ETF flows can fluctuate, consistent inflows may help support higher prices by increasing aggregate demand.
Bitcoin recovered from its weekly lows, fueled by a sharp increase in ETF inflows and renewed institutional demand, even as broader market risks and uncertainty around US crypto regulation persisted.
Uncertainty remains for digital assetsDespite the rebound, underlying risks have yet to be resolved. The prospect of elevated interest rates from the Federal Reserve and the stalled progress of the Clarity Act maintain a high level of uncertainty for the digital asset industry.
At the same time, ongoing regulatory activity from agencies such as the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) ensures that oversight of the space remains active, regardless of congressional delays.
Market participants continue to focus on ETF flows, monetary policy, and global risk appetite as the main variables likely to influence Bitcoin in the near term. The rapid move from below $75,000 to above $80,000 illustrates Bitcoin’s elevated volatility, with its next direction likely to depend on how these competing forces play out.
Bitcoin price has bounced sharply from the September 15 low, but on-chain data suggests long-term holders aren’t driving the profit-taking. BTC climbed from $74,965 to $81,502, marking a 9.15% recovery, while the SOPR data points mainly toward short-term holders realizing gains.
The SOPR Ratio, which compares LTH-SOPR with STH-SOPR, currently sits at 0.88. That means short-term holders are realizing relatively more profit than long-term holders.
In other words, the traders moving coins are mostly the newer participants. Long-term holders, meanwhile, aren’t showing much activity.
That distinction matters. A rising Bitcoin price alongside limited LTH movement doesn’t suggest widespread profit-taking from the older supply base based on the supplied data.
aSOPR Shows Profits Are Still Being RealizedThe SOPR Ratio alone doesn’t tell the whole story. It only compares profit realization between long-term and short-term holders.
That’s where Adjusted SOPR, or aSOPR, comes in. The current reading is 1.02, meaning Bitcoin holders are still realizing profits overall.
Put both metrics together and the picture is fairly straightforward: some profit-taking is happening during the rebound, but the supplied data doesn’t show particularly aggressive selling.
For now, short-term holders are taking some gains while long-term holders remain relatively inactive.
BTC Now Faces May High Near $82,322The chart has another test waiting. Bitcoin price is now approaching the May 2026 high of $82,322 after reaching $81,502.
That level represents the immediate resistance in the supplied technical setup. If BTC flips $82,322, the next potential target is $90,000.
But rejection would change the setup quickly. Bitcoin price could then revisit $76,350 and $73,280 as the highlighted support levels.
So the question isn’t simply who’s taking profit. It’s whether short-term selling can slow Bitcoin price before BTC price clears $82,322.
Story Ends Here
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Bitcoin is holding close to $81,300 after rebounding from recent lows, with prices fluctuating between $77,968 and $81,675 in the past 24 hours. This climb has drawn attention to technical levels where derivatives positioning and historic supply could shape the next major move.
Profit-taking rises as SOPR exceeds break-evenThe entity-adjusted Spent Output Profit Ratio (SOPR), analyzed by Glassnode, has now returned above the 1.0 threshold. This indicates that coins transacted on-chain are realizing profits instead of losses, and excludes movements between wallets controlled by the same owner for more accurate measurement.
Sustained readings over 1, according to Glassnode, typically align with bullish market environments. This suggests that current demand remains strong enough to absorb ongoing profit-taking from sellers.
A sustained entity-adjusted SOPR above 1 is a hallmark of bull-market conditions, while a return below 1 would indicate weakening demand.
Importantly, this is not a temporary jump. Glassnode points out that SOPR has remained steady above this mark for several days, reinforcing the signal.
$83K-$86K emerges as major resistance zoneLooking ahead, technical analysts have identified $83,000 to $86,000 as a major resistance band for Bitcoin. Glassnode highlights that long-term holder cost basis, critical futures liquidation points, and institutional ETF break-even levels converge in this band. An estimated 1.07 million BTC was accumulated between these prices, concentrating supply.
Glassnode’s futures liquidation heatmap shows a crowded field of short positions waiting between $82,000 and $86,000. If Bitcoin pushes into this zone, potential short covering could escalate upward momentum, though this is not guaranteed unless selling pressure diminishes and demand rises further.
The $83,000-$86,000 band acts as a reinforced ceiling, with several independent data sets highlighting its significance for the next phase of market action.
A lasting move through this area would represent a considerable technical breakout compared to any intraday spikes over the $83,000 level.
Technical and momentum indicators show mixed trendsShort-term technical analysis remains divided. TradingView’s current summary rates the situation as neutral, while Bitcoin stays above its 50-day and 200-day exponential moving averages, which now rest at $74,242 and $73,278, respectively. The equivalent simple moving averages also support a bullish backdrop.
Momentum indicators, including the Relative Strength Index at 64, fall short of overbought conditions, and other tools like the Awesome Oscillator and Momentum are positive. The MACD, however, signals caution with a sell indicator.
Key resistance levels are observed at $81,430, $82,098, $83,862, and $85,970, with main support around $76,808 and $75,044. These readings position Bitcoin at a crucial inflection point, where remaining above the upper $70,000s maintains the current uptrend, while crossing decisively into the $83,000-$86,000 area could trigger new market dynamics.
Strengthening network fundamentals with rising hashrateOn-chain fundamentals also reflect improvement. CryptoQuant reports that Bitcoin’s true network hashrate has resumed its upward trend after a recent dip, signaling an increase in computational power and network security.
While short-term price and hashrate movements are not always tightly correlated, higher hashrate suggests growing miner interest and stronger network resilience.
As Bitcoin approaches this critical technical zone, traders increasingly look for seamless tools to track charts, positions, and market news. In a market where a single Fed announcement or an instant altcoin listing can shift prices in seconds, efficiently monitoring all aspects is a priority. Many are turning to privacy-focused platforms like CryptoAppsy, which provide real-time charts, smart price alerts, coin-specific news, and essential macro data in one dashboard, all without requiring an account.
Outlook: Decision zone approaches for BTCBitcoin’s recent structure is now concentrated around support from the upper $70,000s to $81,000, and resistance at the $83,000-$86,000 band. Glassnode observes that selling pressure has eased compared with August, while long-term holders remain largely inactive during the advance.
Technical analyst Peter Brandt has spotlighted a possible “springboard” pattern, where a brief dip below $76,000 is followed by a robust price reversal, although the pattern alone does not guarantee future direction.
For now, the persistence of SOPR above 1, rising hashrate, and strong price support above key moving averages are all supportive signals. However, the $83,000-$86,000 resistance will likely determine whether the recovery continues, with investor attention now focused on any move into or above this critical level.
Bitcoin has recovered sharply from the latest pullback and is once again pressing against the upper boundary of its consolidation. With BTC trading around $81.5K, the market is approaching a decisive area where a confirmed bullish breakout could trigger another expansion higher.
Bitcoin Price Analysis: The Daily Chart The daily chart continues to show Bitcoin consolidating after its powerful August breakout. The latest recovery from the $75K area has been particularly strong, with buyers quickly pushing the price back toward the major $80.5K-$82.5K resistance zone.
This region has repeatedly capped upside attempts and remains the main obstacle preventing another bullish leg. BTC is now testing it once again around $81.5K, while the broader structure remains constructive as long as the $72.5K-$75K support zone is preserved.
Momentum has also improved. The daily RSI has rebounded back above the neutral 50 area and is approaching the mid-60s, reflecting renewed buying momentum without yet reaching overbought territory.
A sustained daily breakout above the $82.5K resistance area would represent an important structural development and could pave the way toward the next major supply zone around $86K-$90K. Conversely, another rejection could keep Bitcoin range-bound, with $75K and the broader $72.5K-$75K region remaining the primary support area.
BTC/USDT 4-Hour Chart The 4-hour timeframe highlights the range-bound structure more clearly. Bitcoin recently rebounded aggressively from the lower boundary near $74.5K-$75K and has now returned directly to the $81K-$82K resistance region.
The recovery has been impulsive, particularly during the latest move from around $76K toward $81K. However, price has not yet produced a convincing breakout from the upper boundary. Therefore, the market remains inside the broader range despite the increasingly bullish short-term momentum.
A clean break and sustained hold above the $81K-$82K zone would likely shift the structure decisively in favor of buyers. Such a move could trigger another price spike, initially toward the rising upper trendline around $84K-$85K.
Until that happens, rejection remains a relevant alternative. Failure to clear $82K could send BTC back toward the middle of the range, while the $72.5K-$75K zone remains the critical support and broader invalidation area for the current bullish setup.
Sentiment Analysis The two-week Binance BTC/USDT liquidation heatmap adds further context to the latest rally. Liquidation heatmaps highlight areas where leveraged positions are concentrated, with brighter regions representing larger potential liquidation clusters.
Bitcoin’s surge above $80K has pushed price into a significant concentration of liquidity around the $80K-$82K region. This aligns closely with the technical resistance visible on both price charts, making the current area particularly important.
Some liquidity remains immediately above the market, suggesting that a decisive breakout could force additional short liquidations and potentially accelerate the move. This supports the possibility of another sharp spike if BTC successfully clears the $81K-$82K resistance zone.
At the same time, a liquidity concentration remains below price around $74K-$75K. Therefore, as long as Bitcoin remains trapped below resistance, volatility in either direction cannot be ruled out. For now, the combination of improving momentum and price pressing against the range high puts the focus firmly on whether buyers can convert the current test into a confirmed breakout.
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A surge in altcoin momentum has lifted 70% of listed tokens on Binance back above their 200-day moving average, suggesting improving market breadth across the wider cryptocurrency sector. This development comes as Bitcoin maintains a range between $75,600 and $82,000, providing a window for capital rotation toward higher-risk digital assets.
Altcoins recover key levels amid shifting market dynamicsThe Total3 index, which calculates the total market capitalization of all cryptocurrencies excluding Ethereum, crossed the $800 billion mark for the first time in more than eight months. Market observer Darkfost stated that this move signals a structural breakout above the May highs, marked by a strong daily close for the altcoin sector.
The 200-day moving average is widely recognized by investors as a critical indicator for establishing long-term market trends. Just a year ago, up to 85% of altcoins traded below this level, reflecting a period of sustained bearish sentiment. The latest data show a clear reversal, with approximately 70% of altcoins now sustaining prices above this threshold.
The market has entered a new phase, with altcoin sector strength broadening beyond the narrow leadership seen in previous quarters. The Total3 index’s return to $800 billion is viewed as a meaningful signal for improved altcoin momentum.
Bitcoin dominance also remains a focus. Based on Binance’s data, BTC’s market dominance stands at 53%, while CoinMarketCap reports a broader figure at 58.69%, marking a slight intraday increase.
This consolidation in Bitcoin allows traders to look for opportunities in higher-beta altcoin names. Technical analysts note that such periods often precede cycles of relative outperformance by smaller cap tokens.
Amid ongoing price movements, monitoring investor flows and trend reversals across niche sectors—such as meme tokens—has become increasingly important. For example, Fomo App highlighted a case where an investment of $99 in the meme token “Niu Lai” was transformed into nearly $370,000 within days. The platform offers real-time tracking of investor trades and social sentiment, features that can help traders follow both token discovery and timing strategies.
Bitcoin price action draws comparisons to 2022 cycleAnalyst Michaël van de Poppe drew parallels between Bitcoin’s price behavior in September 2026 and the consolidation phases observed in late 2022 and early 2023. He indicated that Bitcoin might rise toward the $100,000 mark before encountering resistance, which could, in turn, catalyze a new wave of altcoin strength.
Market participants see similarities in cycle structure, with Bitcoin potentially moving up to $83,000 first and, if unable to clear that level, facing a pullback that may establish new swing-trade opportunities for both BTC and altcoins.
Analyst Max outlined a likely scenario in which Bitcoin attempts to reach $82,800 and, if rejected, retraces toward the 2022 all-time high near $69,000. He added that a recovery into the $90,000 to $95,000 area could then set up another advantageous swing trade, though emphasized that these are possible scenarios rather than guaranteed moves.
Altcoin Season Index signals a transitional marketCoinMarketCap’s Altcoin Season Index currently stands at 48 out of 100, placing the market in a neutral position but reflecting a 6.67% rise within 24 hours. The increase points to strengthening relative momentum among altcoins, but not necessarily the onset of a full altcoin season.
Recent market gains have concentrated within specific narratives. Privacy coin ZEC, as well as Layer-1 assets AR and SYN, posted daily gains ranging from 31% to 148%, outpacing Bitcoin and supported by spikes in sector trading activity and volume. At the macro level, crypto market capitalization increased by 4.02%, while daily Bitcoin ETF purchases hit $433 million.
Traders now view the 70% threshold of altcoins reclaiming their 200-day moving average as a concrete signal of expanding strength across the ecosystem. However, analysts caution that abrupt shifts could occur as Bitcoin prepares for its next significant move.
Bitcoin is back to trading in the green territory, showing a substantial price gain over the last day following a major resurgence in the broader crypto market.
With momentum building again, Bitcoin has now rebounded back above $81,000, but its rising reserves on Binance are raising questions about whether the recovery is backed by enough spot demand.
Bitcoin reserves on Binance hit 702,900 BTCLatest onchain data from crypto analytics platform CryptoQuant shows that Bitcoin reserves on the world's largest crypto exchange, Binance, have surged to 702,900 BTC as of September 19.
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Notably, the latest reading in Binance's Bitcoin reserves marks the highest level reached in 2026, painting a bearish picture despite the major price recovery.
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It is important to note that the increase in the metric indicates that more Bitcoin is currently held on the exchange and could potentially become available for sale.
Although higher exchange reserves alone do not confirm that investors are preparing to sell, they do not often paint a bullish outlook for the asset.
Whale activity on Binance remains stableThe data further showed that the increase in Bitcoin reserves on Binance has come as the exchange continued to record rising daily net inflows since late August.
While this implies that additional supply has continued to move to the exchange, the data shows that the rising Bitcoin supply on the exchange is not associated with any unusually large whale-driven sell-off.
Regardless, analysts believe that buyers will need to absorb the additional supply entering the market through Binance to ensure a sustainable price rally.
Bitcoin rallied by 6% on Friday and reclaimed $80K as crude oil prices slipped below $100 per barrel. This eased fears of oil-driven inflation, sparking a strong rebound across U.S equity and crypto markets. For Fidelity, however, BTC’s resilience also meant that it might be ready for its next bull market cycle run.
According to Jurrien Timmer, Fidelity’s Head of Global Macro, BTC has held above $60K for about a year.
For him, two signals have been flagged – The 1-year Bitcoin winter and BTC/gold correlation turning positive. Timmer said that these signals confirm a durable bottom and potential early innings into the next bull cycle run.
That’s how long a typical Bitcoin winter lasts (1 year), so I’m sensing that a new 4-year cycle bull market is underway.
Source: Fidelity He added that the market is now in a ‘new secular regime of higher cost of capital.’ He is expecting the government to respond with ‘financial repression.’ In other words, the government will do anything possible to contain the rising bond yields, including printing money.
Put differently, the inflation from U.S government intervention could trigger demand for scarce assets like Bitcoin and gold.
Interestingly, Timmer’s macro bullish outlook for BTC also seemed to align with technical indicators on the price charts.
Bitcoin reclaims key bull market cycle level Bitcoin’s Friday move effectively closed above the 50-week Moving Average (MA). Here, it’s worth noting that a true breakout could be confirmed if the weekly candlestick also closes above the level.
Analysts, including Galaxy Research’s Head of Research Alex Thorn, have been tracking this level to gauge the end of the bear market and the start of the next bull market run. Notably, a previous attempt to break above the 50-week MA was rejected in early September.
Reacting to BTC’s 6% surge on Friday, Thorn noted,
BTC is looking strong here as it trades over the 50-week moving average. Move looks real.
Source: BTC/USDT, TradingView Trader Bob Loukas also echoed a similar bullish position, noting that clearing the May high of $82K could push BTC’s price to above $90K.
Very good setup here for Bitcoin to smash through the May highs and confirm a new bull market.
However, he cautioned that failure to clear $82K could open another possibility of retesting the lows around $60K. And even in such a downside scenario, the 200-day MA and BTC short-term holder (STH) realized price (at $71K) would be expected to act as support levels.
Source: Deribit That said, institutional traders are currently betting on a 35% chance that BTC will reclaim $90K by December. However, for the $100K-psychological level, the chances have dropped to 18%.
Final Summary Fidelity believes that BTC winter is over after a year, and the next bull run could begin soon. Analysts expect the asset to reclaim $90K if it clears the summer high of $82K.
In brief Over five days in August, Bitcoin rose 24.6% while coin-denominated open interest fell 12.6%, meaning the rally ran on unwinding short positions rather than fresh bullish bets. The options market flipped after 361 straight days of puts pricing richer than calls, and the front of the futures curve repriced while the long end held—signs of a one-off event, not a regime change. The data comes from a joint Glassnode-Bybit with numbers through August 23, covering four crypto-native venues, excluding CME. Bitcoin's most violent rally of its two-year drawdown wasn't powered by fresh bullish bets. It was powered by bears getting crushed, according to a new report from analytics firm Glassnode and crypto exchange Bybit.
Over five days in August, Bitcoin climbed 24.6% even as coin-denominated open interest, a measure of active leverage, fell 12.6%, the report found. That combination is the tell: rather than traders piling into new long positions, the move ran on the forced unwinding of existing shorts.
Myriad: Where does Bitcoin go next? Click to make your prediction.Roughly 64,000 BTC worth of open interest was closed out, and short positions supplied 89% of every liquidated dollar during the stretch.
The options market told the same story. Puts, the contracts traders buy to protect against a fall, had priced richer than calls for 361 straight days. A single session ended that run, flipping roughly a year of downside positioning as the market scrambled to reprice.
Bybit's own volatility index traveled four times its normal daily range in one session, and the front of the futures curve repriced sharply while longer-dated contracts barely moved, a sign the market read the move as a one-off event rather than a lasting regime change.
A few caveats are worth stating plainly. The report is a Glassnode and Bybit collaboration, with data as of the settled close of August 23, and Glassnode's coverage spans four crypto-native options venues, excluding CME, so the figures describe the crypto-native market rather than every venue where Bitcoin trades.
The dynamic tracked in Glassnode’s report hasn't gone away either. Bitcoin blasted back above $80,000 this week after the Federal Reserve paired its first rate hike since 2023 with a dovish forecast.
The surge triggered another squeeze, liquidating more than $230 million in Bitcoin shorts and over $445 million across the market in a single session. CoinGlass data showed roughly $529 million in total liquidations over 24 hours, the majority again from shorts.
The report's authors flagged the open question their own data raises: whether August's repricing sticks. A durable shift would show up as skew holding call-bid and the front of the curve staying firm. A return of put premium alongside fading funding would instead mark it as an event the market absorbed, not a new regime it entered.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief Over five days in August, Bitcoin rose 24.6% while coin-denominated open interest fell 12.6%, meaning the rally ran on unwinding short positions rather than fresh bullish bets. The options market flipped after 361 straight days of puts pricing richer than calls, and the front of the futures curve repriced while the long end held—signs of a one-off event, not a regime change. The data comes from a joint Glassnode-Bybit with numbers through August 23, covering four crypto-native venues, excluding CME. Bitcoin's most violent rally of its two-year drawdown wasn't powered by fresh bullish bets. It was powered by bears getting crushed, according to a new report from analytics firm Glassnode and crypto exchange Bybit.
Over five days in August, Bitcoin climbed 24.6% even as coin-denominated open interest, a measure of active leverage, fell 12.6%, the report found. That combination is the tell: rather than traders piling into new long positions, the move ran on the forced unwinding of existing shorts.
Myriad: Where does Bitcoin go next? Click to make your prediction.Roughly 64,000 BTC worth of open interest was closed out, and short positions supplied 89% of every liquidated dollar during the stretch.
The options market told the same story. Puts, the contracts traders buy to protect against a fall, had priced richer than calls for 361 straight days. A single session ended that run, flipping roughly a year of downside positioning as the market scrambled to reprice.
Bybit's own volatility index traveled four times its normal daily range in one session, and the front of the futures curve repriced sharply while longer-dated contracts barely moved, a sign the market read the move as a one-off event rather than a lasting regime change.
A few caveats are worth stating plainly. The report is a Glassnode and Bybit collaboration, with data as of the settled close of August 23, and Glassnode's coverage spans four crypto-native options venues, excluding CME, so the figures describe the crypto-native market rather than every venue where Bitcoin trades.
The dynamic tracked in Glassnode’s report hasn't gone away either. Bitcoin blasted back above $80,000 this week after the Federal Reserve paired its first rate hike since 2023 with a dovish forecast.
The surge triggered another squeeze, liquidating more than $230 million in Bitcoin shorts and over $445 million across the market in a single session. CoinGlass data showed roughly $529 million in total liquidations over 24 hours, the majority again from shorts.
The report's authors flagged the open question their own data raises: whether August's repricing sticks. A durable shift would show up as skew holding call-bid and the front of the curve staying firm. A return of put premium alongside fading funding would instead mark it as an event the market absorbed, not a new regime it entered.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
XRP, the cryptocurrency developed by Ripple for fast and cost-efficient cross-border payments, climbed 7% over the weekend to reach $1.41. Spot trading volume surged to $1.36 billion within 24 hours, marking an almost 90% increase in daily activity.
Short squeeze triggers rallyThe upward move followed a significant short squeeze. Data revealed that nearly $8.05 million worth of short XRP positions were liquidated as Bitcoin pushed above $80,000, fueling bullish momentum across the altcoin sector.
Long positions were not immune, with approximately $2.36 million in liquidations. Meanwhile, the broader crypto markets saw roughly $300 million in liquidations as Bitcoin continued upward past the $81,000 mark.
During the same period, XRP futures contracts generated $5.71 billion in volume, more than four times higher than spot activity. When derivatives lead trading dynamics, analysts often highlight potential reversal risks if leveraged positions suddenly unwind.
Despite the price rally, analysts noted the absence of major fundamental catalysts. XRP had previously slipped to the $1.23–$1.30 range earlier in September, following the Senate’s narrow rejection of the CLARITY Act, which aimed to define legal parameters for digital assets.
Technical outlook and resistance levelsTechnical analyst Ali Charts stated XRP may be forming an inverse head-and-shoulders pattern on daily charts. He identified the neckline near $1.55 as the key resistance. According to his analysis, a confirmed breakout above this level could drive a 35% surge toward $2.
XRP, currently building the right shoulder of an inverse head-and-shoulders pattern, faces a crucial test at $1.55. Should the breakout materialize above this neckline, analysts see potential for a rally toward $2.
XRP is also nearing a golden cross on its daily chart. The 50-day moving average sits just 2% below the 200-day moving average, marking the closest convergence since August 2024. A golden cross, where the 50-day average overtakes the 200-day average, is often considered a strong bullish indicator, but past golden crosses in XRP have often preceded a reversal within a year.
Mini dictionary: Golden cross – A technical chart pattern where a short-term moving average crosses above a long-term moving average, typically considered a bullish transition signaling upward momentum.
Of the ten golden crosses that lasted for a meaningful period in XRP’s history, five saw gains between 85% and more than 1,000%.
Golden Crosses in XRPReturn (%)No significant gain5 times85% – 1,000% gain5 timesInstitutional inflows and market activityUS spot exchange-traded funds (ETFs) holding XRP have attracted over $1.7 billion in net inflows, signaling robust institutional engagement in the asset class.
Total net inflows for US spot XRP ETFs surpassed $1.7 billion, reinforcing the appeal of the token among institutional investors during the current cycle.
On-chain data also highlighted that about 1.6 billion XRP moved from major wallets into Binance during the last 30 days, reaching a six-month high. Analysts at CryptoQuant observed this activity may relate to portfolio realignment, rather than immediate selling, given Binance’s reserves have reached a 69-day peak.
Bitcoin’s share of the overall crypto market dropped below 59%, a one-month low, as capital shifted to other digital assets. Altcoins such as UNI, NEAR, and ARB all logged approximately 30% gains within the past day.
Ripple recently confirmed the integration of XRP and RLUSD into the AI-based payment solutions of Stripe and Tempo. Additionally, the Moscow Exchange is set to launch XRP perpetual futures contracts on September 22.
Ripple Chief Legal Officer Stuart Alderoty commented that both Ripple and XRP are on strong legal ground, following the failed Senate vote on the CLARITY Act.
Critical resistance levels as the new trading week gets underway are $1.45 and $1.50.
While Bitcoin has just crossed back above the $80,000 threshold and capital is starting to flow again into altcoins, XRP has just gained 6.93%. Behind this increase, a scenario primarily monitored by investors is emerging. Indeed, XRP’s moving averages are approaching a probable golden cross. This movement remains to be confirmed; however, various technical indicators now provide more weight to the hypothesis of a sustainable rebound.
In brief XRP jumps 6.93% and is approaching a possible golden cross. The 50 and 200-day EMAs converge, with a crossover possible by mid-October. Technical indicators remain favorable, with an ADX at 35.2 and an RSI at 54.6. Bitcoin dominance falls from 64% to 59%, favoring rotation towards altcoins. The $1.38 area remains critical to confirm or weaken the rebound. XRP approaches a golden cross on the daily chart XRP started the session at $1.2964 before reaching a high of $1.4028 and falling back around $1.3863. This increase of 6.93% positions the token among assets that recorded one of the most significant movements in recent weeks.
The trajectory of the exponential moving averages was the most observed point. It should be noted that the 50-day EMA still trades below the 200-day EMA, which keeps XRP in a “death cross” configuration.
However, the gap between the two curves has significantly narrowed. It is now at its lowest level since the last “golden cross” occurred in August 2024. If this dynamic continues, the 50-day EMA would cross the 200-day EMA by mid-October.
This crossover is usually interpreted as a sign that a bullish trend would establish itself over time. However, this signal remains conditional.
The key levels identified summarize the current configuration :
$1.2964: that is the opening level of XRP ; $1.4028: the session high ; $1.3863: the level around which the token was trading ; Mid-October: the period when a daily golden cross could appear if the current pace continues. Technical indicators support the rebound without fully validating it yet New technical data give this movement more substance. The Average Directional Index reaches 35.2, above the threshold of 25 used to identify a sufficiently marked trend.
Thus, the positive directional line, DI+, remains above the negative line DI-, revealing that this strength currently favors buyers. The RSI is at 54.6, a neutral zone that does not yet indicate an overbought situation despite the nearly 7% increase.
For 11 consecutive bars, the Squeeze Momentum Indicator remains activated. This configuration equates to a volatility compression likely to precede a larger price fluctuation. The associated momentum returns to positive territory, slightly reinforcing the bullish scenario.
However, this evolution is not yet secured. The technical reading still depends on multiple confirmations, including XRP’s ability to maintain its current levels and turn the moving averages’ approach into a true crossover.
The decline of Bitcoin dominance gives space back to altcoins The rebound of XRP also occurs in a market regaining appetite for altcoins. Following a period marked by interest rate increases by the Federal Reserve, the failure of a vote on the advancement of the CLARITY Act in the U.S. Senate, and a rise in rates by the Bank of Japan, Bitcoin has reclaimed the $80,000 threshold. However, its dominance over the total crypto market capitalization has dropped from 64% to 59%.
This decline reflects a rotation of some capital towards altcoins, from which XRP benefits. The context is therefore becoming more favorable for Ripple’s crypto without erasing the technical conditions necessary for confirmation.
The $1.38 zone now represents a level to watch. Maintaining above this threshold, accompanied by a daily golden cross around mid-October and an ADX above 25, could strengthen the hypothesis of a more lasting rebound. A rapid break below this zone would expose XRP, on the contrary, to a squeeze with no tomorrow. Today’s rise opens a technical window but does not yet decide what comes next.
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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.
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.
Donald Trump has launched a poll to rename "artificial intelligence", proposing the new names could be Superior Intelligence, Extreme Intelligence, or Supreme Intelligence.
Former U.S. President Donald Trump posted on Truth Social that many people find the term "Artificial Intelligence" inaccurate and awkward, making it an inappropriate descriptor for AI. For this emerging phenomenon, more elegant and precise alternatives are Superior Intelligence (SI), Extreme Intelligence (EI), or Supreme Intelligence (SI). This is a poll, and he hopes everyone will vote: What is the best name for this evolving "revolution"? To date, 10,183 votes have been cast, with 1 day remaining until the poll closes.
5 minutes ago
Binance Security Advisory: iPhone users are advised to check if they have installed FomoPeek, an app that exploits an iOS vulnerability to gain full device privileges.
Binance Wallet Issues Security Alert: iPhone Users Urged to Check for FomoPeek App Installation Binance has released a security alert, noting awareness of a recent security incident disclosed by the crypto community. According to security firms including SlowMist, the third-party app FomoPeek (versions 1.1–1.2) contains malicious code that exploits iOS vulnerabilities to gain full device access, potentially stealing sensitive data stored on the device—including private keys, mnemonics, login credentials, chat logs, and files. This malware targets the device itself; if successfully executed, it could grant access to data from all apps on the affected device. Users are advised to verify two key points: 1. Are you using an iPhone or iPad running iOS 26.x or earlier? 2. Have you installed the FomoPeek app? If both apply, take these immediate steps: 1. Delete the FomoPeek app and do not reinstall it. 2. Update your iOS to the latest version. 3. For self-custody wallet users: Create a new wallet on a device that has never had the app installed, then transfer your assets to the new wallet address. 4. If you spot any unusual asset activity, preserve the affected device and relevant evidence, and contact customer support for further investigation. Binance also reminds all users to avoid installing apps from untrusted sources and keep their device software up to date.
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Project Paid has launched a token issuance feature on Pons, enabling automatic royalty splitting for creators.
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Iranian sources: The U.S. has said it is ready to hold negotiations with Iran.
Senior Iranian sources have revealed that Qatar and Pakistan, serving as mediators, have informed Iran that the United States is prepared to negotiate and strike a deal, and is serious about advancing this process. The sources added that Iran, for its part, is ready to resume implementing the Islamabad Memorandum of Understanding within days, provided the US returns to the memorandum and honors its terms. However, Iran is demanding tangible and credible guarantees to ensure it will not face further attacks. Once the US implements the substantive provisions of the memorandum—including halting hostilities, lifting the blockade against Iran, and allowing Iran to export oil—Iran will immediately launch negotiations on nuclear issues and sanctions relief. Iran has reached a consensus with Oman on the Strait of Hormuz, but stressed that "Iran will not reopen the strait as long as the blockade remains in place and no agreement is reached with the US," according to the sources. (CCTV News)
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Circle’s public chain Arc has launched proxy payments, providing a managed access path for x402.
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Genius.fun has seen 13,001 tokens created within 24 hours of its launch, with a total of $529,400 in fee splits distributed to creators.
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Dogecoin price hovered above $0.0882 on Saturday after gaining 3.60% during the previous 24 hours. The meme coin followed Bitcoin’s advance beyond $81,270 as demand strengthened the wider market. Dogecoin is now approaching the $0.09 level, with traders watching for a confirmed breakout.
Increased derivatives trading also contributed to optimism, as crypto open interest came to a total of 146.6 billion, hitting the highest reading since January 15, 2026.
Why Is the Crypto Market Up? The Cryptocurrency market grew 4% to reach 2.78 trillion in ETF demand, and policy forward eased sentiment.
The Market capitalization earlier reached $2.76 trillion, its strongest level since January, while XRP climbed 10%.
WHY BITCOIN & ALTCOINS PUMPING HARD? 💥
Crypto market cap hit $2.76 Trillion for the first time since January 2026.
Crypto open interest also surged to $146.6 billion, hitting its highest level since Jan 15, 2026.
Massive money inflows are coming next. 🚀 pic.twitter.com/mkgdfBMJq0
— The Money Ape (@TheMoneyApe) September 19, 2026
Ethereum price surpassed its highest point in eight months, above $2,600, and its 33-day profit was 40%. Crypto assets surged by approximately 220 billion when the CLARITY Act did not pass in the Senate. Sentiment has regained following the fall in Bitcoin to $75,000 after the Federal Reserve raised its rates.
Developments in policies at the time strengthened confidence. A bill to create a Strategic Bitcoin Reserve was advanced, and a crypto tax bill was passed by lawmakers. SEC encouraged on-chain trading of stocks, and the CFTC submitted proposed crypto regulations to the White House.
These gains saw Bitcoin recover by $6000, boosting Dogecoin and other leading altcoins in its wake.
Dogecoin Open Interest Hits $1.34B as Trading Volume Jumps Dogecoin derivatives trading saw an improvement with an 18.50% growth in trading volume to $1.54 billion. Open interest increased 5.17% to $1.34 billion, indicating more exposure by derivatives traders.
The concomitant increases imply that new positions were introduced in the market within the period under study.
Source: Coinglass data Options volume increased 353.81, but the value was reported at a modest figure of $47.71. Open interest in options and ETCs also shot up by 354.89 to about 47,850.
DOGE Price Targets $0.10 as Bullish Momentum Strengthens The DOGE price surged to $0.08803 after gaining 1.53% during the latest four-hour trading period. The shift was a reversal of a decline of $0.079, in which demand had gone strong earlier in this week. Dogecoin is currently on the verge of breaking through to a new high at 0.090, and its future movement will be tied to a successful breakout.
An extended close above $0.090 may enhance momentum and reveal the next level of resistance at $0.095. This level thwarted additional gains in the last rally in late August. A break of $0.095 would put the psychological target of $0.10 in reach for the detailed Dogecoin price analysis.
Nevertheless, a rejection at $0.090 may cause a pullback to the breakout region of $0.085. Above that support would maintain the existing recovery framework and enable another breakout attempt. The loss of $0.085 may shift the focus to the $0.080 level, where the recent recovery began.
DOGE/USDT 4-hour chart: TradingView The four-hour RSI increased to 67, which means that momentum is approaching the overbought level of 70. The reading is indicative of high demand, but additional improvement might entail more trading.
The MACD line was at 0.00138, which is well above the signal line of 0.00072. The positive 0.00067 histogram indicates positive momentum in the four-hour period.
Billy Markus, the cofounder of Dogecoin who uses the online alias Shibetoshi Nakamoto, attracted widespread attention from the cryptocurrency community after posting “We’re So Back?” on X. The message quickly sparked conversation among traders and investors, especially as it coincided with a broad rally across digital assets.
Altcoins and market sentiment surgeMajor cryptocurrencies recorded strong price increases in the last 24 hours. Bitcoin saw a 5% rise, while Ethereum traded up nearly 6% during the same period. Several other digital assets, including Avalanche, Ethena, Morpho, Filecoin, Injective, and VeChain, posted gains ranging from 14% to 22%.
Dogecoin itself climbed almost 4% in the same timeframe, reaching $0.088. This uptrend was not limited to just blue-chip tokens, as numerous altcoins outperformed the broader market.
Cryptocurrency24h Change (%)Current PriceBitcoin+5%N/AEthereum+6%N/ADogecoin+4%$0.088Avalanche+14% to +22%N/AEthena+14% to +22%N/AMorpho+14% to +22%N/AFilecoin+14% to +22%N/AInjective+14% to +22%N/AVeChain+14% to +22%N/AThe broader sentiment also improved, with the Crypto Fear and Greed Index remaining in the “greed” zone, pointing to a bullish shift in investor outlook.
Market rally follows Fed decisionThe latest uptick in digital asset prices came after the Federal Reserve decided to increase its benchmark interest rate by a quarter of a percentage point, setting a new target range of 3.75% to 4%. Despite the recent failure of the Clarity Act bill, Bitcoin and several altcoins continued to rebound as the weekend approached.
Many market participants appeared more focused on the potential for future rallies, especially if investors become less concerned about further rate hikes.
Key technical signals began to indicate potential upward momentum. Notably, Bitcoin reclaimed the True Market Mean, reestablishing itself above a significant price threshold and marking a return to a bullish phase.
At the same time, altcoin leverage has not yet reached its risk boundary. Blockchain analytics firm Glassnode stated that when the open interest in altcoins comes close to Bitcoin’s share, markets often approach overheating. This threshold, however, has not been crossed, suggesting that altcoins may have more room to appreciate.
Mini dictionary: Glassnode, a blockchain data analytics platform known for its in-depth on-chain metrics and market intelligence. The True Market Mean refers to an estimated ‘fair value’ metric, reflecting the average price at which Bitcoin last moved, widely used to evaluate bullish or bearish market regimes.
Although Markus did not clarify his comments, his use of the phrase “We’re So Back?” led to widespread speculation. The meme expression, as well as its counterpart “it’s so over,” are frequently employed in online communities to capture rapid shifts in sentiment, particularly following sharp market reversals.
Followers debated whether Markus was alluding to Dogecoin specifically, to Bitcoin’s renewed momentum, or to the improving global mood around cryptocurrencies. No specific digital asset was mentioned in his post.
Markus’ post quickly became a focal point for debate among digital asset enthusiasts, especially since it emerged amid an upswing in prices across $DOGE and other major tokens.
Dogecoin, which launched in 2013 as a satirical cryptocurrency, has developed a large and passionate following, often tracking broader movements in the digital asset market.
Zcash (CRYPTO: ZEC) gained 22% over the last week after Grayscale offered a Zcash investment product for roughly nine years, citing privacy as a key part of its investment thesis. The asset manager also gave the green light to add Bitcoin (CRYPTO: BTC) to investor portfolios
Glassnode data reinforced that thesis, showing how privacy coins such as Zcash have emerged as one of crypto’s standout trades.
Hyperliquid (NASDAQ:PURR) added 11% in weekly gains as SEC approved the Innovation Exemption, a temporary order allowing tokenized stock trading on-chain for the first time.
The order requires trading on public, permissionless blockchains using auditable smart contracts, closely aligning with HYPE’s on-chain DEX model.
Crypto analyst Kevin Capital said investors seeking "life-changing gains" should include Bitcoin as their largest crypto position pushing the crypto king around 4% higher over the week.
Echoing a similar sentiment, hedge fund manager Richard Galvin sees Bitcoin and the broader cryptocurrency market may be approaching a major cyclical turning point.
He argued that depressed trading activity, tokenization and artificial intelligence could combine to drive the next expansion.
Why Crypto Is Nearing A BottomSpeaking with Real Vision CEO Raoul Pal on Sep.17, Galvin noted crypto appears to be "at or pretty close" to a cyclical bottom in trading volumes, even if prices face another leg lower before a sustained recovery.
Galvin sees decentralized trading volume as a key cycle gauge. After surging to $500 billion in January 2025, volumes have fallen to around $130 billion-$140 billion, resembling previous crypto bottoms.
While another decline remains possible in October, November or even January, he said trying to perfectly time the bottom risks missing the larger move.
His view aligns with recent institutional calls around Bitcoin.
Galvin Vouches For Zcash, HYPEGalvin also highlighted Zcash, arguing that financial privacy remains one of crypto’s most durable use cases.
His firm initially backed privacy assets including Monero years ago, based on the thesis that a growing BTC economy would eventually require a privacy-focused counterpart.
He believes Zcash is increasingly filling that role.
Galvin added that decentralized exchanges, lending protocols and perpetual futures platforms have already survived several brutal crypto cycles, demonstrating that blockchain infrastructure can operate cheaply and at scale.
Now, TradFi is beginning to move assets onto those rails.
“Basically, every exchange in the world either has a plan or is already moving or migrating some of its business on chain,” Galvin highlighted.
That thesis supports Hyperliquid and its role in the broader crypto market.
Kevin O’Leary says Bitcoin (BTC) can reach $1 million. He attaches one condition, which is resolving doubts about quantum computing breaking the encryption behind the network.
The O’Leary Ventures chairman set out that condition, speaking with The Rollup podcast at Avalanche Summit in New York.
Why Quantum Doubt Stands Between Bitcoin and $1 MillionInterviewers asked O’Leary directly whether Bitcoin would ever trade at seven figures. He said it would, then named the obstacle.
“It will if it can resolve the doubt creeping in around quantum computing, you know, breaking the algorithms and the chain and the encryption,” O’Leary said.
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Bitcoin traded near $81,177 on September 19, according to BeInCrypto Markets. Reaching $1 million means a gain of about 1,132%, or more than 12 times the current price.
Bitcoin (BTC) Price Performance. Source: BeInCrypto MarketsMeanwhile, the risk he describes is known as Q-Day. The term describes the moment when a quantum computer becomes powerful enough to break public-key cryptography. No such computer exists yet.
How Much Bitcoin Already Sits ExposedGlassnode calculated in May that about 6.04 million BTC, or 30.2% of the issued supply, already sat in addresses whose public keys are already visible. Those coins would offer the clearest targets once quantum key-breaking becomes practical.
The hardware bar has dropped, too. Google Quantum AI said in March that breaking Bitcoin’s elliptic curve cryptography could need fewer than 500,000 physical qubits. Earlier estimates put that figure in the millions.
The threat timeline is also shortening. NIST wants vulnerable encryption phased out by 2030 and banned by 2035. Google has set its own post-quantum migration deadline at 2029. That makes preparation urgent while Q-Day is still years away.
The fear already shapes behavior. O’Leary said in February that institutions would not go beyond a 3% Bitcoin allocation until it is resolved.
Some have gone further. Jefferies strategist Christopher Wood removed a 10% Bitcoin position from his model portfolio over the same worry.
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Zcash (ZEC) spot exchange-traded funds (ETFs) drew $98.2 million in the week ending September 18, the largest inflow among 14 crypto products. Ethereum (ETH) funds posted the only outflow at $140 million.
The weekly totals mask a volatile round trip. Both Ethereum and Bitcoin (BTC) products sold off hard midweek, and only one of them recovered in time.
Two Bad Days in Washington, Then a Scramble BackBoth complexes opened the week in the green. Bitcoin ETFs took in $160.04 million on Monday, while Ethereum products added $121.02 million.
That reversed on Tuesday, when the Senate rejected cloture on the Digital Asset Market CLARITY Act by 49-50. Bitcoin funds lost $450.33 million that session, their worst of the week.
Then the Fed raised rates 25 basis points to a range of 3.75% to 4% on Wednesday, its first increase since 2023. Bitcoin shed another $295.98 million, and Ethereum lost $224.11 million.
Bitcoin turned on Thursday and pulled in $433.03 million on Friday, recovering the $746.31 million it lost across the two policy sessions. Its weekly total landed at $6.2 million, the smallest absolute figure in 141 weeks of trading.
Ethereum took longer to turn. Its outflows ran for three straight sessions and totaled $404.82 million before a $143.80 million Friday, leaving the week short.
Weekly net flows across 14 spot crypto ETF products, week ending September 18. Source: BeInCrypto/SoSoValueFollow us on X to get the latest news as it happens
A Four-Week-Old Fund Outdraws Everything ElseMeanwhile, the Zcash ETF has now logged four consecutive positive weeks since launching in late August, taking in $271 million in total. Assets jumped 40.5% last week to $914.5 million.
That makes Zcash the third-largest altcoin ETF product, behind XRP (XRP) and Solana (SOL) and ahead of nine others. Trading volume reached $11.42 billion, or 32.5% of all spot crypto ETF turnover.
Solana added $13.2 million, extending a streak to 12 straight positive weeks. XRP took in $9.6 million, roughly half the previous week’s $19 million.
Hyperliquid (HYPE) flipped to a $3.1 million inflow after losing $26.4 million. Chainlink (LINK), Avalanche (AVAX), Tron (TRX), Dogecoin (DOGE), Litecoin (LTC), and Hedera (HBAR) together drew under $4.8 million, while BNB and Polkadot (DOT) recorded no flows at all.
Net flows across all 14 products totaled negative $5 million, against a 4.89% rise in combined assets to $123.9 billion. Whether buyers chase the rebound or keep sitting it out should show in next week’s figures.
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U.S. spot crypto exchange-traded products recorded about $70.7 million in combined net outflows during the Sep. 14–18 trading week, as withdrawals from Ether funds outweighed demand for Bitcoin, Solana, and Hyperliquid products.
Summary
Spot Bitcoin ETFs ended the week with a modest $6.1 million net inflow after attracting $433 million on Friday. Spot Ether ETFs lost about $140.6 million, extending their weaker flow trend despite a $143.7 million Friday rebound. Solana ETFs took in $60.7 million, led by $47.6 million entering Bitwise’s BSOL on Friday. Hyperliquid ETFs recorded $3.1 million in weekly net inflows after three positive sessions offset Tuesday’s withdrawals. The flows came during a volatile week in which the Federal Reserve raised interest rates by 25 basis points, and Bitcoin later reclaimed $80,000. According to data from Farside Investors, the four U.S. crypto ETF categories tracked by the firm diverged sharply during the week. Bitcoin products recovered from $746.3 million of combined withdrawals on Tuesday and Wednesday, while Ether ETFs failed to erase their midweek losses.
Solana funds drew fresh capital in four of the five sessions, including their strongest day of the week on Friday. Hyperliquid products also finished positive, although their $3.1 million weekly gain remained small compared with flows into the larger crypto funds.
Bitcoin ETFs erase most weekly losses with $433M Friday inflow U.S. spot Bitcoin ETFs posted a net inflow of $6.1 million for the week after two large redemption days nearly pushed the group to a steep weekly loss.
The funds began with a $159.9 million inflow on Monday before losing $450.4 million on Tuesday and $295.9 million on Wednesday. Investors returned on Thursday with $159.5 million, followed by $433 million on Friday, the largest daily inflow of the week.
BlackRock’s IBIT led the weekly rankings with $120.6 million in net inflows. Fidelity’s FBTC followed with $79.9 million after drawing $310.7 million on Friday, the biggest single-fund inflow recorded that day.
Morgan Stanley’s MSBT added $13.2 million, while Franklin Templeton’s EZBC received $4.6 million. The gains were partly offset by $141.9 million in withdrawals from ARK 21Shares’ ARKB and $62.3 million from Grayscale’s GBTC. Bitwise’s BITB lost $2.7 million, and VanEck’s HODL shed $5.3 million.
The late reversal coincided with Bitcoin’s return above $80,000 on Friday. The asset had come under pressure earlier in the week as the Federal Reserve raised its target rate by 25 basis points to 3.75%–4.00%, its first increase in more than three years. Bitcoin later rallied as oil prices eased and crypto-linked stocks recovered.
Ether ETFs post $140.6M weekly outflow U.S. spot Ether ETFs recorded approximately $140.6 million in net withdrawals, making Ether the weakest of the four crypto ETF categories covered by Farside.
The group attracted $121.1 million on Monday but lost $142 million on Tuesday, $224.1 million on Wednesday and $39.3 million on Thursday. A $143.7 million Friday inflow reduced the weekly deficit without fully reversing it.
BlackRock’s ETHA accounted for a net weekly outflow of $56.1 million despite taking in $114.3 million on Friday. Fidelity’s FETH lost $25.9 million, while Bitwise’s ETHW shed $33.1 million.
Grayscale’s ETHE posted $31.4 million in withdrawals. VanEck’s ETHV lost $10.3 million, 21Shares’ TETH shed $1.9 million, and Invesco’s QETH recorded a $5.4 million outflow.
BlackRock’s ETHB and Grayscale’s lower-fee ETH fund moved in the opposite direction, taking in $7 million and $16.2 million, respectively. Farside’s daily totals contain rounded fund-level figures, which can produce small differences when individual entries are added.
Ether’s negative weekly result widened the gap with Bitcoin products. Bitcoin ETFs recovered nearly all of their midweek redemptions, while the Friday demand for Ether funds covered only part of the $405.4 million withdrawn across the prior three sessions.
Solana ETFs draw $60.7M as BSOL leads Friday demand Farside’s Solana ETF data showed $60.7 million in net inflows for the week, the strongest total among the four tracked crypto assets.
Solana funds received $11 million on Monday, $1.3 million on Tuesday and $800,000 on Wednesday. Thursday ended with no net movement before Friday’s inflow reached $47.6 million.
Bitwise’s BSOL generated $58.7 million of the weekly total. Grayscale’s GSOL contributed a net $2 million after a $3.9 million Monday inflow was partly offset by a $1.9 million withdrawal on Wednesday.
The remaining Solana products reported no net flows during the week. Friday’s $47.6 million allocation went entirely to BSOL, giving the Bitwise fund almost 97% of the category’s weekly net intake.
Hyperliquid ETFs add $3.1M during mixed week Hyperliquid ETFs ended the week with $3.1 million in net inflows. The products recorded no movement on Monday, followed by a $3.9 million outflow from Bitwise’s BHYP on Tuesday.
Flows turned positive during the rest of the week. 21Shares’ HYPG received $1.7 million on Wednesday, while Thursday brought $1.9 million into BHYP and $2.4 million into 21Shares’ THYP. BHYP added another $1 million on Friday.
The combined weekly data left Bitcoin funds close to flat, Ether products in net redemptions and the two smaller altcoin categories positive. Across all four categories, approximately $70.7 million exited on a net basis, with the $140.6 million Ether outflow exceeding the combined inflows into Bitcoin, Solana and Hyperliquid funds.
Stacks just gave institutions something they’ve been quietly asking for: a way to earn yield on Bitcoin without handing over their keys. The network’s Genesis Bond went live on September 10, aligned with Bitcoin block 966,350, and four institutional participants collectively locked approximately 250 BTC into the program.
The participants, 21Shares, HashKey Cloud, UTXO Management, and Sypher Capital, are staking Bitcoin through a six-month bonding period that targets roughly 3% APY, paid out weekly in BTC. That yield doesn’t come from lending or rehypothecation. It comes from Stacks miners through the network’s Proof-of-Transfer mechanism.
How the Genesis Bond actually works Participants lock their BTC directly on Bitcoin Layer 1 using a timelock script. The coins never leave the base chain.
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Alongside that locked BTC, participants hold a position in STX, the native Stacks token, worth approximately 5% of their Bitcoin position’s value. This STX is held on the Stacks network. The combination of locked BTC on Layer 1 and STX on Stacks creates what the protocol calls a “protocol bond.”
Yields flow from Stacks miners who commit BTC as part of the Proof-of-Transfer (PoX) consensus mechanism. Miners on Stacks essentially pay Bitcoin to mine STX blocks, and that Bitcoin gets redistributed to stackers. Since PoX launched in January 2021, the mechanism has distributed over 4,200 BTC to participants, valued at more than $500 million at historical prices.
At the end of the six-month term, participants recover full custody of their locked Bitcoin. No bridges, no wrapped tokens, no third-party custodians sitting between the institution and its BTC.
Sypher Capital participated through a slightly different route, using StackingDAO’s pooled staking infrastructure. The other three institutions bonded directly.
The road to institutional stacking UTXO Management became the first institutional participant in Stacks stacking back on May 28, serving as a proof of concept for the broader Genesis Bond. Earlier in 2026, Stacks integrated Fireblocks custody support. The biggest technical prerequisite was the PoX-5 hard fork, which activated around July 29-30. That upgrade enabled the specific bonding and yield distribution mechanisms the Genesis Bond relies on.
Why 3% on Bitcoin matters more than it sounds The 5% STX requirement introduces exposure to a second asset. If STX drops significantly during the bonding period, the effective return measured in dollar terms could be diminished even if the BTC yield arrives as promised.
A second bonding period is planned for early October 2026 with expanded capacity. The longer-term roadmap points toward a permissionless model where any institution, and eventually any holder, could participate without needing to be part of a curated cohort.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Bitcoin, the world’s largest cryptocurrency, jumped nearly 5% to around $81,015, recovering from the mid-$77,000 range as more than $603 million in crypto positions were liquidated. The rally comes as oil prices ease, U.S. crypto rules move forward, and Bitcoin ETFs see strong inflows
Now, Bitcoin is approaching a key resistance level, with a bullish W-shaped pattern pointing to a possible move toward $115,751.
Falling Oil Prices Ease Market PressureOne of the main reasons behind Bitcoin’s sharp rally is the easing of tensions in the Middle East. Crude oil prices fell below $100 after Saudi Arabia found alternative supply routes through Oman, easing fears of major supply and transit disruptions.
Earlier this week, oil prices had climbed close to $108, their highest level in nearly four months. The rise came after reports that crude shipments from Saudi Arabia’s Red Sea export hub in Yanbu had been suspended.
Saudi Arabia also reportedly cancelled some deliveries to Europe after a pipeline attack last week. The events, along with rising tensions between Saudi Arabia and Yemen’s Houthis, had increased fears about future oil supplies.
CFTC Crypto Rules Add to Bitcoin RallyAnother factor behind Bitcoin’s price rally is the latest move from U.S. regulators. The U.S. Commodity Futures Trading Commission submitted new rules titled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets” to the White House for review, entering the early rulemaking stage.
🚨NEW: The @CFTC has submitted its crypto rulemaking to the White House for review.
The proposed rule is titled “Regulation Crypto Asset Transactions and Regulation Crypto Asset Markets.”
It comes just two days after @ChairmanSelig said the agency was “locked in and ready to… pic.twitter.com/iJUmWjH07m
— Eleanor Terrett (@EleanorTerrett) September 18, 2026 At the same time, the SEC granted a five-year exemption for limited on-chain trading of tokenized stocks. The move allows regulators to test blockchain-based trading while maintaining investor protections.
These developments came shortly after the Senate failed to advance the CLARITY Act, adding a new focus on crypto rules through regulatory action.
Bitcoin ETFs See $591M Inflows in Two DaysStrong ETF demand has also added fuel to Bitcoin’s rally. U.S. spot Bitcoin ETFs recorded $591 million in net inflows over the past two days. On September 18 alone, they saw $433 million in inflows, led by Fidelity’s FBTC with $311 million and BlackRock’s IBIT with $108 million.
The return of institutional demand has added further buying pressure as Bitcoin moves higher.
Meanwhile, the rally has also triggered heavy short liquidations. Around 119,948 traders were liquidated, with total losses reaching $603.39 million. Short traders accounted for more than $523 million of the liquidations in the last 24 hours.
Bitcoin Price Eyeing $115K LevelLooking at the daily Bitcoin price chart, BTC is approaching a W-shaped pattern, with a breakout above $82,917 potentially confirming the bullish structure.
If BTC breaks and holds above $82,917, the chart projects an initial move toward around $99,000, followed by a possible pullback toward $91,000.
If buyers remain in control after that pullback, the next major target is around $115,751, which is also the chart’s major resistance level.
On the downside, failure to break $82,917 could keep BTC range-bound and delay the bullish setup.
Story Ends Here
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Robinhood’s default route for crypto orders costs close to 2% to buy and then sell Bitcoin (BTC). The company’s own disclosures show the charge sits inside the price rather than arriving as a fee.
Delphi Digital co-founder Tommy Shaughnessy surfaced the figure this week. He posted a screenshot showing a Bitcoin spread of $1,426.03, then asked Robinhood’s chief executive to explain it.
Where the 2% Cost Comes FromThe spread is the gap between the price to buy an asset and the price to sell it. That gap is where Robinhood gets paid.
The default setting, called market maker routing, sends crypto orders to an outside trading firm instead of an exchange. Robinhood Crypto receives $0.95 for every $100 of volume routed that way.
That payment sits inside the quoted prices. Buyers pay the higher number and sellers receive the lower one. A round trip therefore costs close to 2% before the market moves.
What the Screenshot ShowedShaughnessy’s agent quoted a bid of $75,361.72 against an ask of $76,787.76 on Thursday. That gap came to 1.87%, which he called criminal for an asset this size.
“for anyone doing agentic crypto trades on Robinhood from the jump you are using the default market making approach so you are going to effectively pay 1% to buy and 1% to sell…,” wrote Shaughnessy.
Robinhood Says a Cheaper Route ExistsJohann Kerbrat, senior vice president and general manager of crypto at Robinhood pointed to a second option, Smart Exchange Routing, which charges a disclosed fee ranging from 0% to 0.95%.
That fee drops as a trader’s 30-day volume climbs. Kerbrat also rejected a separate claim that customers must sell their coins before moving them off the platform.
“withdrawals to an external wallet don’t require selling first. You can transfer BTC (or any supported crypto asset) directly out of your Robinhood Crypto account,” wrote Kerbrat.
Robinhood also bars agents from transferring, staking, or lending crypto. Two company engineers were charged in an insider trading case tied to Hyperliquid this month.
Robinhood opened agentic trading to crypto earlier this year, letting outside AI agents trade through a separate account. How much traders will pay for that convenience remains unsettled.
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.
The crypto market is seeing a major shift in investors’ sentiment. In H2 2027, the digital assets market is experiencing bullish sentiments after failing to break through the long-standing resistance level in H1 2027.
According to CryptoQuant’s recent analysis, Bitcoin [BTC] is moving away from a weakness zone and toward a possible bullish phase. This conclusion was drawn based on Bitcoin’s bubble-versus-crash market structure indicator, which clearly showed that the extreme conditions associated with either a speculative bubble or a severe crash have faded.
Bitcoin has already gone through a period of correction/consolidation, but it has not yet experienced the kind of extreme speculative mania that historically marked major cycle tops. Therefore, the analyst believes BTC could still have room to enter a stronger upward trend.
As per CryptoQuant,
The full-fledged bullish rally has not yet begun. Currently, it is in the process of gradually approaching that stage.
Wall Street bets more on Bitcoin than gold This comes as JPMorgan sheds light on the fact that institutional investors are more defensively positioned toward Bitcoin than gold. This, along with short interest and put options around Bitcoin ETFs such as BlackRock’s IBIT, now provides more downside protection.
The comparison with gold suggests Bitcoin currently has relatively heavier bearish hedging, while gold ETFs have recovered more of their 2026 outflows. Meanwhile, heavy put-option activity around Bitcoin ETFs indicates investors are protecting against downside. However, this does not necessarily mean they are outright bearish.
In other words, if BTC rallies, these hedges could be unwound, adding further buying pressure. This could in turn lead to a potential market impact of hedge unwinding and short covering worth $1 trillion.
Market dynamics paint a bearish picture This comes as the price of Bitcoin was changing hands at $78,240.79 at press time after a hike of 2.5% in the past 24 hours. At the same time, the RSI was in the overbought zone, further creating a warning sign that bears might tend to pull the bulls back.
Source: Trading View This happened along with the widening Bollinger Bands suggesting that Bitcoin is very volatile at the moment. Adding to the concern was AMBCrypto’s recent report that suggested that crypto’s Q4 outlook is turning cautious as the Fed’s 25 bps rate hike, rising Treasury yields, and a stronger U.S. dollar threaten liquidity and risk assets.
Final Summary The extreme conditions associated with either a speculative bubble or a severe crash around Bitcoin have faded. However, the RSI and Bollinger bands’ RSI suggest that bears might pull the bulls.
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.
Altcoin season has arrived; the TOTAL3 index has risen over 22% in 30 days, and market sentiment continues to improve.
The altcoin market remains hot, with the TOTAL3 index (total market capitalization of cryptocurrencies excluding Bitcoin and Ethereum) rising over 22% in the past 30 days, while Ethereum’s market share increased by 10.23% over the same period. According to HTX market data, in the last 24 hours: AR rallied more than 46% to a market cap of $260 million; STRK jumped over 32% to $302 million; XTZ gained more than 28% to $354 million; F rose over 27% to $20 million; SYN climbed more than 28% to $54 million; G advanced over 23% to $84 million; INJ rallied more than 23% to $732 million; ZAMA surged over 22% to $205 million; MORPHO jumped more than 18% to $1.721 billion; SKY gained over 14% to $1.671 billion.
1 seconds ago
An address dormant for over two years has deposited 33,180 ETH into Bitfinex, worth $86.93 million.
According to Lookonchain's monitoring, two wallet addresses suspected to belong to the same whale, after being dormant for over two years, deposited 33,180 ETH into Bitfinex, valued at roughly $86.93 million. These ETH currently hold an unrealized profit of around $20.48 million.
1 seconds ago
Whale Linked to Matrixport Deposits 1,000 $BTC ($81.06M) to Binance
Whale bc1qsz, linked to (Matrixport), just deposited another 1,000 $BTC ($81.06M) into #Binance.
1 seconds ago
Whale Deposits 33,180 $ETH ($86.93M) to Bitfinex After 2 Years, Banks $20.48M Profit
Two wallets (likely belonging to the same whale) deposited 33,180 $ETH ($86.93M) into #Bitfinex after more than 2 years of inactivity, making a $20.48M profit!
1 seconds ago
An address dormant for over two years has deposited 33,180 ETH into Bitfinex, valued at $86.93 million.
According to Lookonchain’s monitoring, two wallet addresses suspected to belong to the same crypto whale, after being dormant for over two years, deposited 33,180 ETH to Bitfinex, valued at roughly $86.93 million. The ETH holdings currently boast an unrealized profit of around $20.48 million.
1 seconds ago
AI computing power firm Nscale has filed a US IPO application, planning to raise $3 billion, with NVIDIA holding over 5% of its shares.
Beating AI News Flash: AI data center operator Nscale has filed an initial public offering (IPO) application with the U.S. Securities and Exchange Commission (SEC), planning to list in New York and raise up to $3 billion, with the proposed stock ticker NSCL. The company was spun off from its cryptocurrency mining business in early 2024 and has since transitioned into an AI computing infrastructure service provider. According to its prospectus, as of August 2026, Nscale owns and controls data centers with a total power capacity exceeding 10GW, holding total contracts worth approximately $103 billion, including a $45 billion lease commitment from Anthropic this August. Nscale’s clients and partners include NVIDIA, Microsoft, and other firms. The company has posted rapid revenue growth alongside expanding losses: in the six months ended June 30, it generated $140.6 million in revenue, a year-on-year increase of over 12 times, while its net loss reached $1.02 billion, compared with a net loss of $368.9 million in the same period last year. In March this year, Nscale closed its Series C financing round, led by Aker ASA and 8090 Industries, with participation from NVIDIA, Nokia, and others, valuing the company at roughly $14.6 billion. The prospectus shows NVIDIA holds more than 5% of Nscale’s shares, which are non-voting. Additionally, Nscale plans to issue $1 billion in unsecured convertible loan notes or non-voting shares to NVIDIA. Nscale is currently accelerating its AI data center expansion: its Monarch campus in West Virginia is expected to reach a 2GW power capacity when it launches operations in 2028, with plans to scale to around 8GW by 2031. The company also announced in July this year that it would acquire AI software firm Anyscale for $1.65 billion to further extend its AI computing power software services. Goldman Sachs, JPMorgan Chase, and Morgan Stanley are acting as lead underwriters for the IPO.
Altcoins have been stuck in the mud for what feels like forever. However, are things about to change in the near term?
Altcoins have waited two years for THIS! The combined market cap of every coin outside the top 10 just broke above a trendline it’s been trapped under since late 2024.
And, it’s not been a small move either. In fact, the same is up over 10% this week, starting at about $199 billion to close near $220 billion.
Source: X Here, it’s worth noting that all this is happening on a support zone that’s held for about 1,000 days straight.
The timing is interesting too because crypto analyst AshCrypto mentioned on X that the four-year cycle usually treats 2026 as a bear phase. To its credit, Bitcoin’s holding up too, despite the failed Clarity Act vote and the Fed hiking rates.
The altcoins’ all-time high near $451 billion is still a long way off. No one’s calling it altseason yet.
On the other hand… That’s not all either as at press time, Bitcoin dominance seemed to be forming what looks like a bearish descending triangle on the weekly charts.
If that breaks down, capital might just rotate out of Bitcoin and into everything else. Especially altcoins.
Source: X That might even be convenient timing because it would coincide with the breakout alts just noted.
There is a catch here though. CoinShares recently shared that Bitcoin’s stuck between a Fed that’s leaning hawkish and the CLARITY Act’s setback. According to the same, BTC won’t push decisively above $80K before year-end. Not unless inflation calms down or the Fed lowers its tone.
Here, what’s worth noting, however, is that Bitcoin is fairly insulated from the regulatory mess. On the contrary, altcoins like Ethereum [ETH] are far more exposed to it.
What’s holding it back? For all the breakout talk, one metric refuses to collaborate. CoinMarketCap’s Altcoin Season Index was at 46 at press time; that’s Bitcoin territory.
Source: CoinMarketCap It actually climbed up from 42 yesterday and 37 last week. Simply put, the direction is right. Just not the magnitude.
A reading below 75 doesn’t count as an altcoin season by CMC’s own definition. And, the index has been under that mark for months, nowhere near September 2025’s high of 78.
Final Summary Altcoin market cap outside the top 10 broke a 2-year downtrend. BTC.D looked bearish, but the altseason index is still at 46.
Morgan Stanley’s spot Bitcoin ETF has been on a shopping spree. The Morgan Stanley Bitcoin Trust, ticker MSBT, scooped up roughly 642 BTC worth approximately $50.6 million through a series of transfers from Coinbase Prime over a two-week stretch in September 2026. And in a detail that would make any fund manager jealous, the product has recorded essentially no net outflows since its April launch.
The MSBT has pulled in cumulative net inflows exceeding $538 million, pushing its total net assets to somewhere between $586 million and $635 million by mid-September. For a product that represents Wall Street’s old guard tiptoeing into Bitcoin territory, those numbers are more than a toe.
How the fund got here Morgan Stanley launched MSBT on April 8, 2026, making it the first spot Bitcoin ETF from a major US bank-affiliated asset manager.
The fund’s first month set the tone. MSBT pulled in $193.6 million in net inflows across its initial 30 days, with only a single recorded day of net outflows in its entire history.
The product charges a 0.14% expense ratio, which made it the cheapest spot Bitcoin ETF at launch. Coinbase Custody handles the actual Bitcoin storage, while BNY Mellon serves as administrator. The fund tracks the CoinDesk Bitcoin Benchmark Rate.
The September accumulation, visible through on-chain data, showed multiple transfers flowing from Coinbase Prime into the fund’s wallets. Roughly $50.6 million in Bitcoin moved across those transactions over about two weeks, suggesting steady creation of new ETF shares to meet ongoing demand rather than a single large institutional buy.
Who’s actually buying The majority of inflows have been driven by self-directed clients, not Morgan Stanley’s financial advisors. That distinction matters. Morgan Stanley manages trillions in client assets through its wealth management division, and if the advisor channel hasn’t fully engaged yet, the current numbers represent something closer to the floor than the ceiling.
Self-directed clients are essentially people who log into their Morgan Stanley accounts and buy the ETF on their own, without a financial advisor recommending it. These are investors who already know they want Bitcoin exposure and are choosing to get it through a familiar, regulated wrapper rather than buying crypto directly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
An address dormant for over two years has deposited 33,180 ETH into Bitfinex, worth $86.93 million.
According to Lookonchain's monitoring, two wallet addresses suspected to belong to the same whale, after being dormant for over two years, deposited 33,180 ETH into Bitfinex, valued at roughly $86.93 million. These ETH currently hold an unrealized profit of around $20.48 million.
10 minutes ago
Whale Linked to Matrixport Deposits 1,000 $BTC ($81.06M) to Binance
Whale bc1qsz, linked to (Matrixport), just deposited another 1,000 $BTC ($81.06M) into #Binance.
10 minutes ago
Whale Deposits 33,180 $ETH ($86.93M) to Bitfinex After 2 Years, Banks $20.48M Profit
Two wallets (likely belonging to the same whale) deposited 33,180 $ETH ($86.93M) into #Bitfinex after more than 2 years of inactivity, making a $20.48M profit!
10 minutes ago
An address dormant for over two years has deposited 33,180 ETH into Bitfinex, valued at $86.93 million.
According to Lookonchain’s monitoring, two wallet addresses suspected to belong to the same crypto whale, after being dormant for over two years, deposited 33,180 ETH to Bitfinex, valued at roughly $86.93 million. The ETH holdings currently boast an unrealized profit of around $20.48 million.
10 minutes ago
AI computing power firm Nscale has filed a US IPO application, planning to raise $3 billion, with NVIDIA holding over 5% of its shares.
Beating AI News Flash: AI data center operator Nscale has filed an initial public offering (IPO) application with the U.S. Securities and Exchange Commission (SEC), planning to list in New York and raise up to $3 billion, with the proposed stock ticker NSCL. The company was spun off from its cryptocurrency mining business in early 2024 and has since transitioned into an AI computing infrastructure service provider. According to its prospectus, as of August 2026, Nscale owns and controls data centers with a total power capacity exceeding 10GW, holding total contracts worth approximately $103 billion, including a $45 billion lease commitment from Anthropic this August. Nscale’s clients and partners include NVIDIA, Microsoft, and other firms. The company has posted rapid revenue growth alongside expanding losses: in the six months ended June 30, it generated $140.6 million in revenue, a year-on-year increase of over 12 times, while its net loss reached $1.02 billion, compared with a net loss of $368.9 million in the same period last year. In March this year, Nscale closed its Series C financing round, led by Aker ASA and 8090 Industries, with participation from NVIDIA, Nokia, and others, valuing the company at roughly $14.6 billion. The prospectus shows NVIDIA holds more than 5% of Nscale’s shares, which are non-voting. Additionally, Nscale plans to issue $1 billion in unsecured convertible loan notes or non-voting shares to NVIDIA. Nscale is currently accelerating its AI data center expansion: its Monarch campus in West Virginia is expected to reach a 2GW power capacity when it launches operations in 2028, with plans to scale to around 8GW by 2031. The company also announced in July this year that it would acquire AI software firm Anyscale for $1.65 billion to further extend its AI computing power software services. Goldman Sachs, JPMorgan Chase, and Morgan Stanley are acting as lead underwriters for the IPO.
10 minutes ago
Even Total Internet Outages Can’t Stop AI? CPU Heat Can Be Leveraged to Transmit Messages
Beating AI Express: OpenAI researcher Noam Brown stated on the Dwarkesh Podcast that even completely disconnecting an AI-run computer from the internet and physically isolating it is not an absolute security measure. This is because computers can secretly transmit messages via CPU heat—a method called BitWhisper, developed in 2015 by Israel’s Ben-Gurion University and unrelated to AI at the time. Researchers had two adjacent computers run matching programs in advance, then controlled one to adjust CPU load to alter temperature, while the other used a temperature sensor to read the temperature shifts and convert them into 0s and 1s. The two machines could exchange data without any network connection. However, this communication is extremely slow: the experiment only covered a distance of 0 to 40 centimeters, with a speed of 1 to 8 bits per hour, and both computers needed to run the matching programs beforehand. Brown noted that the biggest lesson from the Hugging Face incident is that humans underestimate AI’s ability to find vulnerabilities and bypass restrictions. BitWhisper is just one example; more advanced AI in the future could very likely uncover additional communication paths humans haven’t considered.
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.
US spot Bitcoin ETFs pulled in $433 million in net inflows on September 18, while spot Ethereum ETFs added $144 million on the same day. Both figures represent a meaningful rebound from mixed and negative flow sessions that preceded them.
Fidelity’s FBTC was the standout performer on the Bitcoin side, attracting $311 million of the day’s total. BlackRock’s IBIT contributed $108 million. On the Ethereum front, the roles reversed: BlackRock’s ETHA led with $114 million, while Fidelity’s FETH added roughly $26 million.
The numbers behind the flows The $433 million Bitcoin ETF inflow day arrived against a backdrop of total Bitcoin ETF assets under management reaching $102.532 billion, a figure that now represents 6.29% of Bitcoin’s entire market capitalization. Cumulative historical net inflows into these products have hit $55.161 billion since their launch.
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Ethereum ETFs, while smaller in absolute terms, are growing at a pace that demands attention. Total AUM for spot Ethereum ETFs now stands at $16.719 billion, representing 5.2% of Ethereum’s market cap. Cumulative inflows have reached $13.250 billion.
The gap between 6.29% market cap penetration for Bitcoin ETFs and 5.2% for Ethereum ETFs is narrower than many expected at this stage.
Fidelity vs. BlackRock: different days, different leaders Fidelity dominated Bitcoin flows with $311 million out of $433 million total, capturing roughly 72% of the day’s inflows into FBTC. BlackRock took a back seat with $108 million into IBIT.
Flip to Ethereum, and the script reverses completely. BlackRock’s ETHA absorbed $114 million of the $144 million total, roughly 79% of all Ethereum ETF inflows for the day. Fidelity’s FETH picked up $26 million.
What this means for the market Bitcoin ETFs controlling 6.29% of the total market cap creates structural dynamics where every inflow day effectively removes a portion of circulating supply from the open market and parks it in cold storage under institutional custody.
With cumulative inflows of $55.161 billion for Bitcoin ETFs and $13.250 billion for Ethereum ETFs, the aggregate capital committed to these products now exceeds $68 billion.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
According to monitoring by TradingBeats, the unrealized profit on Ethereum long positions held in the address of crypto figure "Big Brother Machi" Huang Licheng has expanded to $3.65 million, with the position value reaching $88.81 million; his Bitcoin long positions carry an unrealized profit of $112,000. He recently added 9,000 HYPE long positions with 10x leverage, at an entry price of $92.21.
Tushar Jain, co-founder of Multicoin Capital, recently commented on the overall rise in the cryptocurrency market.
Tushar Jain, co-founder of cryptocurrency investment firm Multicoin Capital, said that prolonged periods of decline weaken investors’ faith in strong bull market movements. According to Jain, Bitcoin (BTC) and Ethereum (ETH) lagging behind the market in this cycle could lead to capital shifting towards high-quality altcoins, resulting in much sharper gains in these assets.
Jain stated that one of the common mistakes investors make is “bear market trauma,” forgetting how powerful price movements can be in a bull market after a long and painful period of decline. He cited Ethereum’s rise from $10 to $1,000 in 2017 and Solana’s (SOL) increase from $2 to $250 in 2021 as examples.
Jain stated that he believes BTC and ETH will underperform significantly compared to other high-quality crypto assets in the current market cycle. Therefore, he argued that the total cryptocurrency market capitalization may not need to increase as much as in the previous cycle for altcoins to experience significant price increases.
Citing CoinGecko data, Jain noted that the total cryptocurrency market capitalization nearly quadrupled, growing from approximately $770 billion in 2021 to $3 trillion. He stated that if the market were to grow only twofold this time, the total value could reach $4.2 trillion from $2.1 trillion.
*This is not investment advice.
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Uniswap (UNI): UNI remains bullish after its breakout, but the sharp rejection near $9.44 raises the risk of a short-term correction.Near Protocol (NEAR): NEAR’s high-volume breakout remains strong, though the rapid surge toward $4.00 leaves it vulnerable to profit-taking.Hyperliquid (HYPE): HYPE remains in a strong uptrend near record highs, with $92 and $100 as key levels while $85–$87 provides immediate support.Bitcoin (BTC): Bitcoin has recovered above $80,000, but a breakout through $81,000–$82,000 is needed to escape its month-long consolidation.Unexpected breakthrough of UNIAfter briefly reaching about $9.44, UNI is currently trading at about $8.69 as Uniswap accelerates into one of its strongest short-term breakouts of the year. UNI has almost tripled from the local bottom as a result of this move, which continues a rally that began around $3.20 in mid-August.
UNI/USDT Chart by TradingViewBecause UNI firmly cleared the $7.20–$7.50 region that rejected the asset earlier in September, the most recent breakout is especially significant. UNI corrected toward $5.90 following that rejection, but sellers were unable to create a lower low. Rather, the price stabilized between $6.00 and $6.70 before soaring.
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An immediate warning is introduced by the large upper wick toward $9.44. A short-term correction is becoming more likely due to the nearly vertical nature of the most recent advance and the obvious substantial supply that buyers encountered above $9.00.
Maintaining the breakout structure would require holding between $7.80 and $8.00. The more crucial support zone below it is between $7.20 and $7.50. The immediate targets if buyers regain control are $9.00 and the most recent peak of $9.44, with $10 emerging as the clear psychological level later on.
Although UNI is still technically bullish, buying at the earlier breakout level is far less risky than chasing a nearly vertical move.
Can NEAR push through? After completely destroying resistance around $2.80–$3.00, NEAR has entered price discovery relative to its recent trading range. The asset is presently trading close to $3.62, and the candle for today is at about $3.78.
NEAR/USDT Chart by TradingViewThe size of the breakout is substantial. Before its recovery picked up speed in September, NEAR traded below $2.20 for the majority of June and August. Following a consolidation between $2.30 and $2.50, buyers generated a series of high-volume breakout candles through $2.60 and $3.00.
Important confirmation is provided by volume. During the most recent advance, trading activity has increased significantly, setting the breakout apart from the comparatively low-volume price movements observed in July and August. But in just a few sessions, NEAR has now gone from roughly $2.35 to $3.62.
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Even if the broader bullish structure holds, this leaves the market significantly extended and susceptible to profit-taking. The psychologically significant $4.00 level comes after the immediate resistance of $3.75–$3.80.
The first important support area during a correction is $3.10–$3.20, and the main breakout support should now be around $2.80–$3.00. Although buyers are currently in the lead, volatility should continue to be extremely high following such an abrupt expansion.
Hyperliquid enters correctionAfter buyers erased nearly all of the mid-September correction, HYPE has returned to record levels. The most recent daily candle reached roughly $91.91, and HYPE is currently trading at $90.94.
HYPE/USDT Chart by TradingViewThe reason for the recovery's strength lies in what came before it. Before momentum stalled, HYPE first rose from about $58 in mid-August to the $87–$89 range. The token was later pushed back toward $76 by sellers, but this correction did not result in a wider reversal.
After buyers defended the region, HYPE produced two strong green candles that moved straight through $80 and $85. Around $92 is the current technical battle. The psychological $100 level would become more significant if there were a sustained breakout above the current high, leaving HYPE with little obvious historical resistance.
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After such quick expansion, there is still a significant risk of downside. Bulls must defend the $85–$87 region first, then roughly $78–$80. Much of the most recent breakout would be negated if the latter were lost.
For the time being, HYPE's structure — higher highs, higher lows, and an aggressive recovery from each major correction — remains remarkably robust. The extent to which the price has increased is the primary cause for concern.
Bitcoin makes a comebackAfter momentarily declining toward $75,000 earlier this week, Bitcoin has made another significant comeback, rising above $80,000. The broader structure of BTC remains uncertain.
BTC/USDT Chart by TradingViewAfter an explosive breakout from roughly $63,000 to $78,000 in August, Bitcoin spent several weeks consolidating between roughly $75,000 and $82,000. Neither buyers nor sellers have been able to establish control outside of that range, despite multiple attempts. The most recent candle significantly improves the short-term picture.
While RSI is rising from around neutral territory, Bitcoin has recovered from roughly $76,200 to $80,300. Bulls are now once again approaching the crucial $81,000–$82,000 resistance range.
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Breaking that ceiling would expose roughly $83,000–$84,000 and mark the first significant expansion beyond the post-August consolidation. If it fails, Bitcoin would remain confined to the current range.
The much more significant $75,000–$76,000 zone comes after the initial support, which is located around $78,000. That area is the defining short-term support due to numerous reactions.
As a result, Bitcoin appears promising once more, but unlike HYPE, it has not really taken off yet. Whether the current rebound turns into a continuation move or just another oscillation within the month-long range should be determined by the next test of $81,000–$82,000.
Major cryptocurrencies are showing renewed volatility after a series of sharp breakouts, with Uniswap (UNI), Near Protocol (NEAR), Hyperliquid (HYPE), and Bitcoin (BTC) each encountering potential turning points. Recent price movements have brought all four assets to key resistance levels, raising questions about the sustainability of their rallies.
UNI surges but faces possible correctionUniswap, a leading decentralized exchange protocol and governance token, has demonstrated impressive strength after briefly reaching $9.44. The token is now trading near $8.69, maintaining much of its momentum from a breakout that started around $3.20 in mid-August. This rally has almost tripled UNI’s value from its local bottom.
The latest advance was significant as UNI overcame the $7.20–$7.50 region after being rejected from that range earlier in September. Following the rejection, UNI corrected to $5.90 but sellers failed to push the token to a new low. Instead, the price consolidated between $6.00 and $6.70 before surging higher.
However, the upper wick near $9.44 suggests intense selling pressure above $9.00, increasing the likelihood of a short-term pullback. Maintaining price action above $7.80–$8.00 is seen as critical for bulls, with $7.20–$7.50 serving as a secondary support band. On renewed buying, targets re-emerge at $9.00 and $9.44, while $10 stands out as an important psychological threshold. Risk is now greater for those chasing new highs versus those who entered at breakout levels.
The nearly vertical move toward $9.44 exposes UNI to the possibility of a short-term correction, especially if sellers continue to dominate above $9.00.
Near Protocol extends rally, enters price discoveryNear Protocol, an open-source, sharded, and developer-friendly layer-1 blockchain, has seen its price surge to around $3.62, with today’s candle marking $3.78. The project’s breakout above the $2.80–$3.00 resistance zone has pushed NEAR into levels not seen throughout its recent trading range.
After spending most of June and August below $2.20, NEAR consolidated between $2.30 and $2.50. Buyers then fueled high-volume breakouts through $2.60 and $3.00. The current advance from $2.35 to $3.62 has been especially rapid, helped by a marked increase in trading volumes not present earlier in the summer.
This rapid upswing has left NEAR technically stretched and more susceptible to profit-taking at immediate resistance between $3.75 and $3.80. Support sits initially at $3.10–$3.20, with primary breakout support deeper down at $2.80–$3.00. Continued volatility is expected following this fast expansion.
Mini dictionary: Near Protocol — A layer-1 blockchain designed for scalability and ease of use, known for its sharded architecture that allows for parallel processing and increased transaction throughput.
Hyperliquid sets new records, eyes psychological levelHyperliquid, a decentralized derivatives trading protocol, has returned to record highs after buyers rapidly erased the impact of a mid-September correction. The native HYPE token reached $91.91 in the latest daily candle and is currently trading at $90.94, resuming the strong uptrend seen in previous weeks.
In August, HYPE surged from $58 to the $87–$89 region before briefly retreating to $76. Strong buying interest then propelled the token decisively through $80 and $85. The next significant technical zone lies around $92, with $100 representing a major psychological milestone if momentum persists.
Despite the robust uptrend, the steep rise increases the risk of a reversal. For bulls to retain control, the key support zone rests between $85–$87, followed by $78–$80. A loss of these levels could undermine the token’s advance. The aggressive series of higher highs and quick recoveries from corrections remains notable, but the unrelenting pace is a concern.
Bitcoin rebounds, but range breakout remains elusiveBitcoin recently rebounded above $80,000 after dipping as low as $75,000 earlier this week. Since the explosive move from $63,000 to $78,000 in August, BTC has oscillated between $75,000 and $82,000 without breaking the range meaningfully in either direction.
With the latest upward push from $76,200 to $80,300, bullish sentiment is building again as traders eye the $81,000–$82,000 resistance. If Bitcoin can decisively clear this level, it would open the door to $83,000–$84,000 and signal a potential expansion beyond the recent consolidation.
Support remains layered, with initial defenses at $78,000 and the more critical $75,000–$76,000 zone. These levels have attracted strong reactions and currently define the short-term structure. Traders continue to watch for a breakout, which would determine whether Bitcoin’s revival is sustainable or simply another fluctuation within its established range.
Whether Bitcoin’s rebound transforms into a breakout or remains part of the ongoing range will be determined by its ability to clear $81,000–$82,000 resistance.
European Central Bank President Christine Lagarde stopped Binance from operating in the European Union, according to a Wall Street Journal report.
The newspaper on Thursday reported that the top crypto exchange was on the cusp of operating in the trading bloc but then was told it couldn’t after the central bank chief waded in.
EU law requires that local Crypto-Asset Service Providers (CASP) have a MiCA license. Binance does not. Binance in June withdrew its MiCA application in Greece.
“Lagarde wanted to keep the controversial crypto exchange, which pleaded guilty to financial-crime violations in the U.S., out of the European Union,” the newspaper report said, citing interviews with officials.
Lagarde has long been anti-Bitcoin and pro-central bank digital currencies. Back in 2021, Lagarde said that the leading cryptocurrency was “a highly speculative asset” used for money laundering. She also criticized cryptocurrencies as a whole and said central banks would never hold bitcoin.
On CBDCs, though, Lagarde takes a different approach. A CBDC is a digital form of fiat money, like the US dollar or euro; nations around the world are in different stages of researching and releasing them.
The EU under Lagarde is fast moving forward with a digital euro. Lagarde has described the digital euro as key to Europe’s financial autonomy while taking aim at privately issued stablecoins.
CBDCs have been criticized by bitcoiners and others in the crypto industry who think they could be used to surveil citizens. U.S. President Donald Trump signed an executive order banning CBDCs when he took office.
The WSJ report added, citing various interviews, that Lagarde was worried Binance would embed the dominance of dollar-based stablecoins in Europe, instead of encouraging euro counterparts.
Binance is the world’s biggest crypto exchange and billions of dollars in stablecoins are traded on its platform daily.
A controversial company, Binance and its CEO, Chanpeng Zhao, in 2023 pleaded guilty to anti-money-laundering violations and paid a record $4.3 billion fine.
Binance in June said it was still working to pursue MiCA authorization in another EU Member State.
Mathew Di Salvo
Mathew is a reporter who's covered the space since 2019, reporting on everything from Salvadoran president Nayib Bukele's Bitcoin bet to crypto exchange FTX's bankruptcy.
The US Commodity Futures Trading Commission (CFTC) has today submitted a two-part crypto regulation proposal to the White House Office of Information and Regulatory Affairs (OIRA).
Filed under the identifier RIN 3038-AF80, the pitch is split into two sections, namely:
Regulation Crypto Asset Transactions Regulation Crypto Asset MarketsAt the moment, the proposal’s specific details remain confidential as it undergoes initial White House review.
The outline, however, suggests the likely introduction of a new category of exchange known as “crypto asset markets.” This would permit both existing and upcoming crypto exchanges to spot trade digital commodities such as Bitcoin (BTC) and XRP under CFTC oversight.
OIRA has up to 99 days to complete a review, after which the proposal will go back to the Commission for a vote. After that, it will enter the Federal Register, then undergo two distinct 60-day public commentary periods.
While the development is positive, a final binding rule is unlikely to take effect until late 2027.
No act, but regulation continues Notably, this is one among a string of actions displaying commitment by the CFTC and US Securities and Exchange Commission (SEC) to guide the crypto ecosystem following the recent Clarity Act rejection.
Just yesterday, the CFTC announced its exception for crypto and prediction markets software providers from broker classification under certain conditions. Meanwhile, the SEC introduced a five-year “Innovation Exemption” rule, permitting on-chain trading of specific tokenized stocks.
Bitcoin defies bearish developments In addition to the Clarity Act downturn, the market is facing other potentially bearish developments such as the Fed interest rate hike, Japan’s possible dovish rates approach, the US Dollar Index (DXY) rising above the 100 psychological level, and oil prices surging past the $100 mark.
Bitcoin, however, has shrugged off the expected textbook downturn, revisiting the $80,000 mark. Moving in tandem is the overall crypto market cap, having risen 5.11% in the day to $2.76 trillion.
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