Track market-moving stories before they get noisy

Bitcoin holds near $77,000 as ETF outflows weigh on sentiment, while traders await clearer macroeconomic signals and regulatory developments.

Notable Statistics:

Coinglass data shows 89,097 traders were liquidated in the past 24 hours for $338.25 million.        SoSoValue data shows net outflows of $236.5 million from spot Bitcoin ETFs on Tuesday. Spot Ethereum ETFs saw net inflows of $10.95 million. In the past 24 hours, top gainers include Bitway, Filecoin and Arbitrum. Notable Developments:

Bitcoin Is ‘Not Exactly Gold’ but That’s a Good Thing, Bitwise Exec SaysXRP’s 20% Pullback Hits Critical Support: Is $2 Still in Play?CLARITY Act Faces Make-or-Break September: What Do Prediction Markets Say?Strategy CEO Says 7,000 Bitcoin Sale Was ‘Minuscule’How Bitcoin ETFs Are Changing Institutions’ Appetite for CryptoHyperliquid Strategies Expands Equity Facility to $2.5B Amid US Entry TalksTrader Notes:

Daan Crypto Trades noted that Bitcoin’s unusually low and early monthly high at $79,200 is likely to be swept. He sees a potential reversal opportunity around that move, with $80,000 remaining the key level for higher-time-frame continuation.

CryptosBatman highlighted Bitcoin has liquidity on both sides, but $78,000 is the stronger near-term target. He expects a liquidity sweep there before BTC makes its next major move.

BitcoinOG Lucky predicts Bitcoin’s current reset could precede another expansion, particularly if a Golden Cross forms alongside stronger momentum. He sees $100,000 as a key Q4 target if bullish momentum returns.

Image: Shutterstock

Trending

Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

To add Benzinga News as your preferred source on Google, click here.

Trump: Preparing to Strike Iran Again, We Have Full Control of the Strait

U.S. President Donald Trump met with U.S. tourism industry executives at the White House on Wednesday local time, during which he again discussed the Iran issue. Trump said: "The Iranian regime is collapsing, a new round of strikes against Iran will not take long, and we are prepared to launch another strike on Iran in the future. We have full control over the Strait of Hormuz, through which millions of barrels of oil are exported daily. I hope domestic retail gasoline prices will drop."

14 minutes ago

CZ: Some hot money is flowing back from the AI sector to the crypto market, and the crypto industry will not disappear.

Binance founder CZ published a post noting that some "hot money" is flowing back from the AI sector to the crypto market. Currency-related industries will not disappear, as both individuals and AI will still need currency in the future.

14 minutes ago

Ansem: Crypto Market Remains in the Early Stage of a Bull Run, Retail Investors Are Entering with More Capital

Crypto KOL Ansem posted an article stating that the crypto market is still in the early stages of a bull run, and the key to generating returns at this stage is to identify assets with asymmetric upside while tolerating short-term volatility. Over the past two years, rotating between meme coins and new trading pairs has been the dominant strategy, with lower valuation caps leading traders to favor short-term holdings; however, in a bull market, high-quality assets offer greater upside potential, so extending holding periods after careful selection may prove more advantageous. Ansem believes retail investors are entering the crypto market with more capital. The growth of mobile users on Pump.fun and Fomo, as well as Robinhood Chain’s ongoing efforts to convert stock traders to on-chain activities, all indicate that market liquidity may increase in the future. New users pay relatively less attention to market capitalization changes, so tokens that gain widespread traction may receive stronger capital inflows. He also noted that the trend toward short-form video has led fewer and fewer investors to read project whitepapers or research token differences, which in turn creates opportunities for those willing to build a complete investment thesis and exercise patience. However, traders still need to set criteria for when they are wrong, review the reasons for missing out on high-growth assets, and define conditions for re-entering the market after selling too early.

14 minutes ago

Arbitrum DAO generated $6.19 million in revenue in the first half of the year, with Robinhood Chain emerging as a new revenue source.

An unaudited report released by the Arbitrum Foundation shows that Arbitrum DAO generated $6.19 million in revenue in the first half of 2026, with sources including Arbitrum One transaction fees, Timeboost sequencing priority auctions, scaling program licensing fees, and treasury management returns. The protocol’s gross profit margin exceeded 97%, and non-ARB treasury assets stood at $125 million as of the end of June. In H1 2026, Arbitrum processed a total of 478 million transactions, accounting for roughly 18% of its cumulative lifetime total of 2.7 billion transactions; monthly average stablecoin transfer volume surpassed $70 billion, and the number of stablecoin holders rose 40% to 10.5 million. Additionally, Arbitrum has deployed over 2,000 tokenized RWAs. Robinhood Chain, built on Arbitrum’s tech stack, launched its mainnet on July 1, contributing $360,000 in licensing fees to the DAO that month, making up 35% of its monthly revenue. On September 1, Robinhood Chain hit daily fees of $3.75 million, decentralized exchange (DEX) volume exceeding $1.5 billion, and total value locked (TVL) of over $750 million.

14 minutes ago

Agent of "BTC OG Insider Whale": Bitcoin has held the $76,600 support level; if it breaks through $79,000, it could test higher highs.

Garrett Jin, the representative of the "BTC OG Insider Whale", stated in a post that Bitcoin (BTC) has held the critical level of $76,600. If BTC climbs further above $79,000, the price may attempt to form a higher high. However, even if BTC does post a higher high, this would still not be sufficient to confirm a genuine breakout in the market.

14 minutes ago

NVIDIA rises nearly 5%, with its current market capitalization standing at $5.49 trillion.

According to market data from BIT (bit.com), NVIDIA's stock rose 4.82%, with its current market capitalization standing at $5.49 trillion.

14 minutes ago

Quantum this, quantum that…who put a stupid cat on-chain!?

Ahem. 

Alright, let’s be serious. The threat that a viable, actually functioning, quantum computer would pose to Bitcoin if it were to be built is very serious. It is the concrete example of an existential threat, in every sense of the word. 

One of the bedrock foundations that Bitcoin rests upon is the assumption of a functioning cryptographic system that can be used to produce unforgeable signatures, i.e. that if you follow that system’s protocol properly when signing things, there is no way that anyone but a bitcoin’s rightful owner could produce a signature needed to spend it unless the rightful owner failed to secure their private key from theft. 

Quantum computers toss that right out the window. There goes the integrity of the entire mechanism that is used for owners of bitcoin to authenticate their ownership for the protocol to process their legitimately authorized transactions, and ONLY their legitimately authorized transactions. There’s no way for anyone to actually own anything in the context of the Bitcoin protocol if that assumption breaks. 

Bitcoin breaks if that assumption breaks. 

Thankfully, there are many different cryptographic systems that exist, and not all of them rest on assumptions that a quantum computer breaks. That’s the good news. The bad news is that its all a set of tradeoffs, none of them are ideal, and there are going to be some hard choices that have to be made. 

But there are solutions to just about every one of the problems that a viable quantum computer would create…except the problem of choosing which solutions to use. So in light of that, here is The Quantum Issue. 

This issue is a lot more structured than most past issues, and that is to ensure that it guides a reader through the entirety of the problem space and solution space without assuming any prior understanding (this is a very deep and technical subject). 

The first set of articles goes through the general issue of quantum computing itself, how it differs from classical computing, why that matters, how likely it is one is developed soon, etc.

The second set examines Bitcoin’s exposure. How is it exposed? How badly is it exposed? How can that degree of exposure change? 

The third set examines concrete (or developed enough to not be too hard to get to a concrete place) solutions to securing your bitcoin in a quantum safe way, and handling a network wide migration to those solutions. 

Don’t miss your chance to own The Quantum Issue — featuring articles written by many influential figures in the space working on the necessary pieces for a post-quantum Bitcoin!

This piece is the Letter from the Editor featured in the latest Print edition of Bitcoin Magazine, The Quantum Issue. We’re sharing it here as an early look at the ideas explored throughout the full issue.

Shinobi

Shinobi is an pseudonymous self taught educator in the Bitcoin space. He was the co-host of Block Digest, a news/tech oriented Bitcoin podcast, as well as What Bitcoin Did Tech Show with Peter McCormack which centered around explaining technical concepts to non-technical users. That is all he will tell us about himself.

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.

Skeptics who claimed that the influx of institutional money had destroyed Bitcoin's traditional four-year cycles have once again been proven wrong. The Bitcoin Cycle Momentum on-chain indicator from analytics platform CryptoQuant has entered positive bullish territory for the first time in eight months.

Historically, this signal has accurately marked the end of prolonged downturns, confirming that crypto market cycles still work like clockwork.

You Might Also Like

HOT Stories

For the reversal to be considered fully confirmed, the indicator must consolidate at higher levels in the coming weeks. The foundation is already there: Bitcoin's recent rapid surge from $62,000 to $81,000 pulled the market out of a months-long slumber and triggered a wave of activity.

Bitcoin price chart plotted against cycle momentum indicators from 2013 to 2026, Source: Gaah_im / CryptoQuantThe current recovery is following the classic cycle-transition scenario: coins are flowing en masse from panicking retail investors to long-term holders. While retail players were realizing losses amid widespread fear, large investors were aggressively buying the bottom.

The statistics for August clearly confirm this:

Large wallets holding at least 100 BTC: added around 60,000 BTC to their holdings.Small investors holding less than 100 BTC: sold a combined total of around 47,000 BTC.Large holders are so confident in an imminent rally that, instead of selling their Bitcoin, they have begun using it as collateral for loans to ride out the downturn. On specialized platforms, the volume of such loans among large investors increased by 18% as they temporarily shifted part of their risk exposure into other digital assets.

Billions have flowed into crypto, but the rally is delayed. Are retail investors to blame?The technical reversal is backed by a real influx of capital. Global liquidity is returning to the market: U.S. spot Bitcoin ETFs recorded their strongest weekly investor inflows in the past 10 months, while more than $470 million in USDC stablecoins — digital equivalents of the dollar — flowed into major exchanges.

Nevertheless, it is too early to expect uninterrupted growth from current levels. At around $78,000, Bitcoin entered what is known as "strategic limbo" — a neutral zone where the price is considered fair at the moment and the market needs a breather. Temporary overhead pressure is coming from retail investors, who began selling coins en masse to secure quick profits immediately after the first wave of growth.

You Might Also Like

The key support zone is now around $69,000 — the average price at which short-term investors bought their Bitcoin. If the market holds this level, a return to the broader bullish trend will be only a matter of time.

Strategy CEO Phong Le addressed concerns regarding the company’s recent sale of bitcoin, stating that the decision was made to reinforce the firm’s balance sheet. Le described the sale as “the right trade at the time” and emphasized that Strategy is now in a strong financial position.

Bitcoin sales and renewed accumulationStrategy, which holds the largest bitcoin treasury among publicly traded companies, resumed purchasing bitcoin on Monday after pausing for 10 weeks. During this pause that began in June, the company sold a small portion of its bitcoin holdings and focused on building two cash reserves.

Le explained that the company’s decision process does not revolve around bitcoin’s price movements. “We don’t really make decisions specifically on bitcoin’s price,” he stated. He further clarified that the company is fundamentally a “net accumulator,” and sales arise from capital management considerations, rather than speculation or trading objectives.

Strategy CEO Phong Le explained that, “We’re a net accumulator, and so I don’t sit around and say, ‘Well, when am I going to sell Bitcoin next?’ It comes down to a bit of a capital management mathematical equation of when we would do it.”

Le said he does not expect further sales as the company anticipates a strong bull market in the near future.

Strategy’s business model and bitcoin treasuryOriginally known as MicroStrategy, Strategy is an enterprise software firm that pivoted to a bitcoin-focused treasury in 2020. The company initially moved into bitcoin as an inflation hedge for its shareholders and has since become the largest corporate holder of the asset, now managing 845,050 bitcoins valued at $65.1 billion at current prices.

The company’s shares, listed on Nasdaq under the ticker MSTR, enable investors to gain increased exposure to bitcoin’s price movements through traditional equity markets.

Earlier this year, Strategy repurchased some of its preferred stock (STRC) at a discount and increased its dollar reserves, aiming to bolster its overall financial liquidity.

Mini dictionary: STRC, Strategy’s preferred stock, is a class of shares that generally offers priority for dividends and assets over common shares, but with restricted voting rights.

Despite this financial repositioning, Strategy reported a paper loss of $8.22 billion in its July quarterly earnings. Le dismissed the significance of the current accounting loss, characterizing the company’s position as robust and noting confidence in the future.

Phong Le drew a parallel to major financial institutions, stating, “We’re the J.P. Morgan of the crypto economy, so whether we sell 1,000 Bitcoin out of 840,000 to me is irrelevant to the conversation.”

Stock performanceStrategy stock traded 2% lower on Wednesday. Since the start of the year, MSTR has declined 22%.

MetricDataBitcoin held845,050 BTCBitcoin market value$65.1 billionYear-to-date MSTR stock change-22%Q2 2026 reported loss$8.22 billionRecent MSTR price change-2%

A volunteer group called the Bitcoin Red Team just ran one of the most ambitious automated security audits the crypto ecosystem has ever seen. Their weapon of choice: Kimi K3, an open-weight AI model built by China’s Moonshot AI. Over roughly 108 hours, the model catalogued 7,958 potential security findings across 501 Bitcoin-related open-source projects, with 1,280 of those rated high or critical severity.

Kimi K3 outperformed every other open-weight model tested, including Zhipu’s GLM-5.2, in standardized vulnerability detection benchmarks.

What the audit actually found Of the 7,958 potential issues flagged by Kimi K3, only 24.7% could be dynamically reproduced. At the time of reporting, 29.4% of the findings had been communicated upstream to the affected projects.

Advertisement

The most consequential discovery was a critical two-factor authentication bypass in BTCPay Server version 2.4.2. The vulnerability had already been exploited to extract Lightning wallet credentials before it was patched, making it a live, in-the-wild security incident rather than a theoretical concern.

How Kimi K3 stacks up The UK’s AI Safety Institute and its counterpart CAISI ran a preliminary assessment of Kimi K3 in July 2026, scoring it at 32% on ExploitBench. That’s a benchmark designed to measure an AI model’s ability to identify and reason about exploitable software vulnerabilities. GLM-5.2 scored 24% on the same test.

Among open-weight models, those whose weights are publicly available for anyone to download and run, Kimi K3 sits at the top. The model was released around July 16–27, 2026, and the Red Team intensified its auditing effort in the weeks that followed.

The gap between open-weight and closed-source models remains significant. Leading US models from OpenAI and Anthropic averaged around 76% on ExploitBench. That’s more than double Kimi K3’s score.

The Coldcard incident that started it all The Red Team’s effort was catalyzed by a security incident in July 2026 involving the Coldcard Mk3. A flaw in the Mk3 firmware led to the theft of approximately 594 BTC, estimated at $38 million at the time. The incident sparked widespread speculation that the attackers had used AI to identify the firmware vulnerability, though that claim hasn’t been definitively proven.

What this means for Bitcoin security The economics of code auditing are about to shift. A professional security audit of a single Bitcoin project can cost tens of thousands of dollars and take weeks. Kimi K3 scanned 501 projects in 108 hours.

US AI companies, which build the most capable models, have generally restricted their tools from being used for vulnerability research, citing safety concerns. Meanwhile, an open-weight Chinese model is being freely deployed to find and report bugs in critical financial infrastructure. The gap between open-weight and closed-source model performance on ExploitBench—32% versus 76%—suggests the most capable vulnerability detection still lives behind API paywalls.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Have the Recent Rallies in Bitcoin Triggered a Bull Market, or Are We Still Waiting?

THE STREET: Missing Bitcoin financier sells $51.5 million Miami mansion

Bitcoin has held between $76,500 and $79,500 for five trading days as its $76,350 active-investor cost basis has absorbed selling after a 24.9% August gain.

Summary

Bitcoin’s True Market Mean stands at $76,350, just below the current trading range. Long-term holder SOPR has stayed near breakeven for nine sessions, indicating limited profit-taking. September options place downside protection between $68,000 and $75,000, while calls favor a move above $80,000. Strategy bought 4,603 BTC for $369.7 million as spot Bitcoin ETF demand cooled. Bitfinex analysts said in a Sept. 2 Alpha report that Bitcoin’s position above the True Market Mean reduces the risk of a deep pullback, even though September has produced an average loss of 2.95% since 2013.

The True Market Mean, which measures the average cost basis of active Bitcoin investors, stood at $76,350 when the report was published. Bitcoin had remained inside a 3% range between $76,500 and $79,500 since Federal Reserve Chair Kevin Warsh delivered a hawkish message at Jackson Hole on Aug. 28.

Selling has appeared around the upper end of the range, but buyers have prevented Bitcoin from closing decisively below the on-chain cost basis. Bitfinex described $76,350 as a market pivot rather than a fixed price that buyers must defend to the dollar.

August closed with Bitcoin up 24.9% from its $62,922 monthly open, recording its first positive August since 2021 and its largest monthly gain since November 2024. As crypto.news reported in its coverage of Bitcoin’s best August since 2017, the rally left $80,000 as the main resistance level entering September.

Bitcoin momentum favors limited pullbacks During the week ended Aug. 23, Bitcoin added $14,833, the largest weekly dollar gain in its history, according to Bitfinex. The increase exceeded the previous record, set in November 2024, by $3,275 and produced a weekly return of 23.6%, the strongest percentage gain since March 2023.

Historical data cited in the report showed that Bitcoin has recorded 17 weekly gains above 15% since 2020. The price was higher 30 days later in 14 of those cases, with a median return of 8.4%.

Based on that record, the analysts said corrections are likely to remain “short lived and limited in scale” while Bitcoin stays above the former $68,000 range ceiling. The level also sits close to the area where traders have concentrated downside options protection.

Bitcoin’s strength has continued despite pressure from two U.S.-linked risks. Warsh’s comments raised expectations for another interest-rate increase, while renewed conflict between the United States and Iran pushed Brent crude toward $95 per barrel.

Warsh said inflation had not improved fast enough to assure policymakers that it was returning to the Fed’s 2% goal. In an earlier report on his Jackson Hole speech, prediction-market traders placed the probability of a 2026 rate increase at 68% after Bitcoin slipped below $80,000.

Higher U.S. rates can lift Treasury yields and the dollar, raising the cost of holding non-yielding assets. Bitfinex nevertheless found that Bitcoin’s price structure had remained intact during the five sessions following the speech.

Sellers are exiting Bitcoin close to breakeven On-chain spending data indicate that investors who bought Bitcoin around current prices are providing much of the available supply.

The long-term holder Spent Output Profit Ratio, or SOPR, moved between 0.88 and 1.19 over nine consecutive sessions and stood at 0.98 in the report. A reading of 1 means the average coin is being spent at the same price at which its holder acquired it.

Bitfinex linked the pattern to buyers from February and March who held through the subsequent decline and began selling when Bitcoin returned to their entry prices. For five sessions, bids absorbed that supply without allowing the price to break below the True Market Mean.

Two sustained changes would weaken that reading, according to the analysts. SOPR falling below 0.9 while Bitcoin declines would indicate that holders are accepting losses to exit. A move above 1.1 would show that investors with larger unrealized gains are selling into strength.

Supply concentration around the current range helps explain why BTC price has moved sideways. When Bitcoin closed at $80,256 on Aug. 27, 72.1% of circulating supply was in profit. By the time the price closed at $77,468, the share had fallen to 67.7%.

Bitfinex calculated that roughly 880,000 BTC carried a cost basis inside the $2,800 gap between the two closes. Each move across the area pushes a large block of coins between profit and loss, changing the incentive to sell.

The short-term holder cost basis, meanwhile, stood at $69,980 and was climbing by about $300 per day. Bitfinex identified the level as possible support during a deeper correction, below an initial target near $73,500.

Strategy purchases offset weaker Bitcoin ETF flows Corporate demand returned while Bitcoin was meeting passive sellers above $77,000. Strategy purchased 4,603 BTC for $369.7 million between Aug. 24 and Aug. 30, paying an average price of $80,318 per coin.

The transaction was Strategy’s first Bitcoin purchase in 10 weeks and increased its holdings to 845,050 BTC, acquired for an average of $75,412. At-the-market equity sales financed the deal, according to the company’s filing.

Strategy’s average price for the purchase has been above every Bitcoin daily close since May 14. The company therefore bought inside the same area where the market had struggled to sustain prices above $79,000.

Demand for U.S. spot Bitcoin exchange-traded funds became less consistent over the same period. A nine-session inflow run totaling $3.04 billion ended with $201.9 million in redemptions on Aug. 28, the day of Warsh’s speech.

Inflows returned with $216.7 million on the following Monday, including $205.9 million directed to BlackRock’s IBIT. Sept. 1 then produced a $236.5 million outflow, driven mainly by IBIT, according to the figures cited by Bitfinex.

A separate analyst assessment identified sustained ETF buying as one requirement for extending the rally. The same report noted that spot products recorded $606 million of inflows on Aug. 20 as Bitcoin moved above $76,000.

While Bitcoin fund demand cooled, U.S. spot Ether ETFs attracted $815.7 million during the previous week and extended their inflow run to 13 sessions through Sept. 1. Bitfinex said Strategy’s renewed buying had helped counter the slowdown in Bitcoin ETF demand.

Stablecoin supply also stopped expanding after rising by $1.25 billion before Warsh’s remarks. Aggregate market capitalization peaked at $309.4 billion on Aug. 28 and later stood at $303.83 billion, according to the report.

Bitfinex interpreted the change as capital waiting at the market’s entry point rather than leaving crypto through a sustained wave of stablecoin redemptions. Stablecoins often serve as settlement assets for traders, making changes in their total supply a gauge of capital available for deployment.

Bitcoin options favor upside without heavy leverage Options traders have purchased protection around scheduled U.S. economic releases, but the positioning does not show an across-the-board bet on a Bitcoin decline.

Average implied volatility stood at 37.2 for a sixth consecutive session between 37 and 38, placing it in the 18th percentile of daily closes recorded during the previous year. Options had been cheaper on fewer than one in five trading days, while the 2026 low was 33.8.

Implied volatility also remained below the trailing 30-day realized volatility of about 41%. Bitfinex said the pricing indicated that traders expected the current compression to continue even though Bitcoin had moved 21% within three sessions in August.

The Sept. 11 at-the-money straddle cost $3,208, requiring a 4.13% move to reach breakeven. Unlike the options expiring on Sept. 4, the contract covers the U.S. payroll report, the Producer Price Index release, and seven standard trading sessions.

Across the eight U.S. payroll releases held in 2026, Bitcoin moved by an average of 1.9% on release day. Four produced moves below 1%, while the other four generated changes ranging from 2.4% to 4.4%, according to Bitfinex.

Downside protection for the payroll-to-Consumer Price Index window was concentrated between $68,000 and $75,000. The Sept. 11 expiry carried one put for every call, compared with an overall options-market put-to-call ratio of 0.56.

Call open interest was largest at $80,000, while put open interest was concentrated at $75,500. Perpetual-futures leverage remained 10% below its August peak, which Bitfinex interpreted as traders retaining upside exposure without rebuilding a large pool of positions vulnerable to forced liquidation.

Under the report’s base case, Bitcoin would remain between $76,657 and $81,300 through the Sept. 4–11 U.S. data window. Two daily closes above $82,818, accompanied by SOPR above 1 and positive ETF flows on both days, would open a path toward the next cost-basis reference near $85,200.

Two closes below $76,657 would instead activate Bitfinex’s retracement scenario, placing the three-to-six-month holder cost basis near $73,500 first and the short-term holder cost basis at $69,980 second.

In brief Bitcoin is consolidating near $77,500 after spiking from roughly $64,420 to nearly $80,700 in six trading days last week, the move traders are calling a "Bart Simpson" setup. The four-hour chart's own indicators show a stalling market, not the violent breakdown a completed Bart Simpson pattern requires. Analysts have flagged $75,800 as the level that would confirm the bearish setup; a slower, weeks-long slide toward $62,000 along a descending trendline is the more realistic alternative to an actual flash crash. Bitcoin gained close to 25% in August, ripping from about $64,420 on August 19 to nearly $80,700 by August 25. It has spent the week since grinding sideways and fading, last trading around $77,470.

That shape—sharp spike, flat top, partial giveback—is why crypto traders keep typing the words "Bart Simpson" into their group chats.

The Bart Simpson pattern is a chart-formation nickname, not a technical indicator. It describes a sharp move in one direction, a period of tight sideways chop, then a snap back toward where the move started—resembling the cartoon character's spiked hair. It has circulated in crypto trading circles since 2015 and tends to resurface every time Bitcoin pulls off a fast, narrow-range rally like August's.

What the 4-hour chart actually shows

The Bart pattern would imply Bitcoin is in store for a flash crash, but Bitcoin's four-hour chart reads mixed, not alarming signals. The Relative Strength Index, or RSI, measures how overbought or oversold an asset is on a 0-100 scale, and for BTC it currently sits at 44.8—leaning bearish but nowhere near the sub-30 oversold territory that typically accompanies a real breakdown.

The Average Directional Index, or ADX, gauges how strong a trend is regardless of direction, and that’s at 22, below the 25 threshold traders use to confirm a market is actually trending in either direction.

Bitcoin price data. Image: TradingviewThe most alarming data point is the Squeeze Momentum indicator, which flags when volatility is compressing before an eventual breakout. For Bitcoin, that’s currently signaling bearish, and with momentum falling. Right now it is showing a compression zone, meaning there may be a big movement ahead. If the jump is bearish, the Bart Simpson would happen, and if it’s to the upside, the bullish trend is confirmed.

The 50-period exponential moving average is still above the 200-period moving average, the textbook definition of a bullish trend structure, even as short-term momentum cools. This setup usually means a Bart Simpson is unlikely, because prices are bullish on average.

Myriad: Bitcoin price next move? Click to make your prediction.None of these readings individually scream imminent crash, which is part of why analysts are split on whether the Bart Simpson pattern actually completely forms this time.

What a real flash crash would require

A completed Bart Simpson needs the reversal to happen roughly as fast as the spike did—that's the entire premise of the pattern.

Applied to Bitcoin's current setup, a genuine flash-crash version would mean price giving back the whole August rally in a matter of hours, not weeks, snapping back down toward the $64,000 zone it launched from. That's close to a 17% single move, on par with the scale of the rally itself.

Bitcoin price data. Image: TradingviewGetting there isn't a matter of drifting lower. It requires a specific trigger: a break below $75,800. Holding above it would tend to invalidate the bearish setup instead.

A flash crash also needs a catalyst violent enough to force it: cascading leveraged liquidations, not a routine pullback. Bitcoin has produced exactly that kind of event before, including the $19 billion liquidation wipeout triggered by an October 2025 Trump tariff threat, so the mechanism exists. It just hasn't shown up yet in this week's four-hour indicators, which is why the pattern remains a possibility traders are debating rather than something already confirmed.

Why September is amplifying the chatter

The Bart Simpson talk is landing during Bitcoin's historically weakest month. Bitcoin has closed eight of the last 13 Septembers in the red since 2013, averaging a 2.97% loss. This is the worst average and median of any month on the calendar. Traders have nicknamed it "Red September," and this year it's colliding with a live Federal Reserve decision.

The CME FedWatch tool currently prices a 64% chance the Fed hikes rates at its September 15-16 meeting. That’s typically bearish for risk assets, including crypto, because as lending gets more expensive, investors look for safe assets like gold/bonds to hedge against losses. Spot Bitcoin ETFs shed roughly $236 million on Tuesday alone, and oil has climbed into the low $90s a barrel after fresh U.S.-Iran strikes near the Strait of Hormuz, adding inflation pressure to the case for a hike.

None of that guarantees a crash on its own, but they are worth considering before opening trades. A rate-driven risk-off move and a Bart Simpson flash crash are two different mechanisms that happen to point in the same direction right now.

The other scenario: A correction that isn't a flash crash

There's a second bearish path that looks nothing like Bart Simpson. Drawing a descending trendline from the roughly $80,626 August high based on supports, the current indicators and natural expectations produces a gradual downward channel that reaches the $62,000 area over about eight weeks, into late October, rather than in a single violent leg

Bitcoin price data. Image: TradingviewThat's a similar percentage decline to the flash-crash scenario, but stretched across a seasonally weak September and a historically volatile October instead of compressed into hours.

This is also the pattern Bitcoin has actually drawn before. Decrypt reported in March that Bitcoin's price action was tracing a compressive wedge—a series of lower highs against a descending resistance line—that preceded crashes in October 2025 and January 2026. Both of those were grinding structural breakdowns, not one-candle flash crashes. A slow bleed with lower highs and lower lows is still bearish, but it's mechanically a correction, not a Bart Simpson.

The distinction matters for anyone trying to trade around the meme. A flash crash needs a forced-liquidation event and a fast break of $75,800 to complete the pattern's shape. A drawn-out correction just needs September's seasonal drag, a Fed hike, and time.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

THE STREET: Top firm dumps XRP but keeps Bitcoin

Bitcoin has all the factors in place to a seven-figure price over the next four years, according to BitMEX co-founder Arthur Hayes.

But he’s buying ETH right now, because he believes it could easily do a “3x to 5x pretty quickly.”

On the latest episode of Trade Secrets, Hayes says the collapse of the AI bubble, “massive” money printing, and potential US yield curve control are among some of the reasons why Bitcoin could go to $1 million by 2030

“We have the ingredients. The time is now. So I think the $58,000 was probably the bottom in Bitcoin, and now it’s going to grind higher in this hate fuck rally,” the 41-year-old billionaire says.

Hayes’ prediction comes just a couple of weeks after 10x Research head of research Markus Thielen told Trade Secrets that reaching that figure by 2030 was “mathematically impossible.” He argued that the amount of capital inflows Bitcoin saw over the past 15 years that pushed it to the current price suggest it has little chance of attracting the trillions in inflows over the next four years required to reach $1 million.

Arthur Hayes loses interest in Hyperliquid While Hayes is still bullish on Bitcoin, he is less optimistic than he once was about Hyperliquid’s future upside d.

Bitcoin is up 22.15% over the past 30 days. (CoinMarketCap)

“I don’t think there’s that type of asymmetry in the price right now. Everybody knows that Hyperliquid is here,” he says. “It’s not an it’s not this like unknown thing that’s outperforming expectations, right? [...] There are massive expectations now on Hyperliquid.”

“That doesn’t necessarily mean it’s not going to go up in price, but I think there’s better risk-reward at least for the capital at Maelstrom to deploy into the shitcoin space than Hype,” he says.

The comments come shortly after US President Donald Trump said the US is working to bring Hyperliquid into the country. However, Hayes, who was pardoned by Trump in 2024, now says the president has little influence over crypto asset prices.

“It’s irrelevant. What Trump says or does is irrelevant. Look at what Bessant does. Read the Treasury, read the Fed, read the monetary authorities. Like Trump is just a very entertaining politician, but he has no effect on the price of Bitcoin,” Hayes says.

Hayes also questioned whether Trump would be willing to spend the political capital required to push through crypto legislation such as the CLARITY Act, particularly when other issues matter more to the average voter. He suggested that the “median under-sighted voter” does not care about the legislation.

Hayes ‘feels excellent’ about BitMEX shutdownHayes began his career as an equity derivatives trader at Deutsche Bank and Citibank in Hong Kong after graduating from the University of Pennsylvania in 2008. 

Hayes co-founded the pioneering crypto derivatives exchange BitMEX in 2014 alongside Ben Dolo and Samuel Reed. The exchange recently announced it would be shutting down on Sept. 23 and urged users to close positions and withdraw funds before the deadline.

Hayes says it “feels excellent” that the exchange is shutting down on its own terms.

“We shut it down because we wanted to shut it down, not because we got hacked,” he says, adding that it is the “best way” to go.

“We landed the plane on our own terms,” he adds. 

Hayes says that competition is now so fierce that running a crypto exchange now is “really a mug’s game” unless you have the scale of a major player like Binance or OKX.

“There’s no point in even playing because it’s just so expensive to secure it, so expensive to run the tech in the data centers, like it doesn’t make any sense as a business,” Hayes says.

Hayes’s number one pick is EthereumHayes says that his “number one pick” at the moment is Ethereum. “I think that is a better risk-reward for a spare unit of fiat that’s gonna be deployed into crypto than Hyperliquid,” he says. 

“That doesn’t necessarily mean that Hyperliquid won’t rise in price. I just don’t think it’s poised for a 5x, and like where I think Ethereum could do, you know, 3x to 5x pretty quickly,” he says.

“Everybody hates it. It’s the one megacap crypto that has not eclipsed its 2021 all-time high.”Hayes points out that it is the base layer for DeFi and, while “hated” for many reasons, is long overdue for a surge. “I think now it’s time to perform because it’s been so beaten down and so forgotten. And we saw it rip 20% when Bitcoin ripped,” he says.

Cointelegraph publishes long-form journalism, analysis and narrative reporting produced by Cointelegraph’s in-house editorial team with subject-matter expertise. All articles are edited and reviewed by Cointelegraph editors in line with our editorial standards. Some articles contain affiliate links, from which Cointelegraph may earn a commission. These relationships do not influence which products we review or our editorial conclusions. Content published in here does not constitute financial, legal or investment advice. Readers should conduct their own research and consult qualified professionals where appropriate. Cointelegraph maintains full editorial independence.

SEC Chair Paul Atkins said the agency’s newly proposed crypto framework represents its “most historic step yet” toward fulfilling the White House’s push to make the United States the crypto capital of the world, timed just ahead of the CLARITY Act’s scheduled Senate vote on September 15.

Atkins Lays Out the SEC’s Plan A and Plan B

Atkins said the SEC’s proposal is designed to work in tandem with the CLARITY Act rather than in place of it, allowing the agency to collect public comment now and be ready to move forward with formal rules once the legislation clears Congress and reaches the president’s desk. 

Asked how far the SEC would go if Congress fails to act, Atkins said the agency believes it has sufficient authority under existing law to proceed with rulemaking on its own, though he was clear that path is less durable than legislation. 

“What we really do need is statutory grounding of this to make sure that it is sustainable, lasting into the future,” Atkins said, noting that rules built purely on agency authority can be reversed by a future commission, while a law passed by Congress cannot be undone as easily.

Atkins also framed the effort as a reshoring push, arguing that crypto innovators have spent the past several years building products and raising capital offshore rather than in the U.S., and that American investors can already move money anywhere in the world regardless of domestic policy. “We need to make sure that they can do it here in the United States under United States law,” he said.

Crypto Markets Pull Back Even as Optimism Builds

This comes as Bitcoin, Ethereum, XRP and the broader altcoin market cool off after a recent rally. Bitcoin is trading near $77,000, down roughly 1.3% on the day, as a global bond market selloff weighed on risk assets. 

Experts have observed that Bitcoin’s 4-hour Bollinger Bands are compressing following its move from $63,000 to above $80,000, a sign that volatility has cooled significantly after the run-up. With BTC trading around $77,100, $79,500 remains the important resistance level the market has been tracking closely.

XRP ETF Demand Building Despite the Pullback

Away from the price action, institutional appetite for XRP appears to be holding up. US spot XRP ETFs pulled in roughly $105 million, or about 73.2 million XRP, during the week of August 24. Analyst Ali Charts said that an hourly close above $1.38 would confirm that pattern, with the $1.31 to $1.38 range serving as the zone to watch in the meantime.

Ethereum’s Wave Structure Points to a Deeper Pullback First

After a move higher, ETH could see a pullback toward the $2,100 to $2,220 range before finding its footing. Some buying interest may show up earlier, around $2,320, which could spark a bounce toward $2,780 to $2,960 before a deeper dip back near $2,100. A daily close below $2,050 would signal this pullback scenario is no longer playing out as expected.

What It All Adds Up To

Between Atkins’ regulatory push, softening price action across majors, and mixed signals from ETF flows versus short-term technicals, the setup heading into the September 15 CLARITY Act vote looks anything but settled. Institutional demand for XRP appears to be building quietly in the background, even as Bitcoin consolidates and Ethereum’s chart structure points to further downside before any renewed rally attempt.

Story Ends Here

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Read the Next News

Remixpoint, a Tokyo-listed energy and digital asset firm, has exited every altcoin on its balance sheet.

In a timely disclosure filed on September 2, 2026, the company confirmed it sold all of its Ethereum, Solana, XRP, and Dogecoin on September 1.

The total proceeds came to ¥878,814,569 (~$5.5 million). After the sales, the firm now holds only Bitcoin, approximately 1,506 BTC, cementing its shift to a pure Remixpoint Bitcoin treasury strategy.

Four Altcoins Sold in One Day, Dogecoin Was the Only Loser The sales covered four assets in a single trading day. Remixpoint sold 901.44 ETH, 13,920 SOL, 1.19 million XRP, and 2.8 million DOGE.

Against a combined book value of ¥761 million, the firm booked a gain of ¥117,772,649 (~$737,000). ETH and SOL carried the bulk of the profit.

XRP came in as a modest gain. Dogecoin was the only position sold at a loss, at ¥3.25 million below cost.

The sale was executed into a turbulent tape. As CoinGape had reported, Bitcoin fell below $77,000 as fresh U.S. military strikes triggered a broad risk-off selloff on September 1.

Despite that backdrop, Remixpoint still closed the altcoin stack in profit relative to its fiscal-year opening book value.

This signals the sales were a planned strategy close-out. Not capitulation.

Meanwhile, other firms are moving in a different direction on the very same assets.

SharpLink has resumed Ethereum accumulation, and Solana treasury firm DFDV resumed SOL purchases as prices climbed above $100.

Remixpoint’s exit makes it an outlier among DAT peers still stacking altcoins.

Remixpoint Joins Japan’s BTC-Only Treasury Wave, But Charts Its Own Course This move places Remixpoint firmly inside Japan’s growing wave of Bitcoin treasury companies. Yet the firm’s path differs from peers like Metaplanet.

Japan’s largest Bitcoin treasury, Metaplanet, recently added 2,823 BTC, while also launching its U.S. Superplanet vehicle and deploying Bitcoin as productive collateral.

Metaplanet is scaling aggressively. Remixpoint, by contrast, sold its altcoin sleeve to fund grid-scale battery projects.

The company’s own disclosure confirms BTC also generated yield during the holding period.

Bitcoin lending between February and August 2026 produced 14.92 BTC, worth approximately ¥164.21 million.

August alone yielded 2.48 BTC (~¥31.15 million). Combined ETH and SOL staking over the same window added ¥29.87 million.

Management’s logic is clear: BTC serves as both the reserve asset and the yield engine. Altcoin staking was not worth the complexity.

The XRP exit is particularly notable given Japan’s regulatory direction. Lawmakers are advancing a bill to treat Bitcoin, Ethereum, and XRP like stocks, which could cut crypto tax toward 20%.

At the same time, SBI Holdings is still expanding XRP rails and gaming firm Gumi is adding both BTC and XRP.

Remixpoint’s XRP exit is one mid-cap treasury de-risking, not a signal that Japan is abandoning the asset.

Globally, the DAT debate is also shifting. Strategy has authorized Bitcoin sales for credit and dividend purposes, though Michael Saylor insists the firm will remain a net Bitcoin buyer.

Smaller Japanese firms like ANAP have also entered the BTC treasury space. Remixpoint’s ¥117.8 million profit will book as Q2 FY2027 revenue, quarter ending September 30, 2026.

Proceeds are directed toward battery storage expansion and strengthening shareholder value.

Our guide compares top decentralized futures exchanges by liquidity and fees.

What to Expect From Tron (TRX) in September 2026

The US attack on Iranian targets near the Strait of Hormuz, coupled with a surge in oil prices to a 40-day high, a rise in US 10-year Treasury yields to approximately 4.81%, nearing their highest levels in recent years, and a pricing of around 66-70% probability of a Fed rate hike in September, increased investor anxiety and reduced the attractiveness of risky assets like Bitcoin.

At this point, Bitcoin has fallen to around $76,500, a 2% drop in the last 24 hours. This has also dragged down altcoins, with Ethereum experiencing a 3% decrease, and XRP and Solana both falling by 4%.

While Bitcoin and altcoins are experiencing declines, Wintermute, a prominent market maker in the cryptocurrency market, said that institutional investors have begun to shift towards altcoins following Bitcoin’s strong rise.

Wintermute’s latest report noted that institutional capital is expanding beyond Bitcoin into select altcoins like Solana and XRP.

Record Entries in Solana and XRP Funds! According to Wintermute’s analysis, large investors are quietly buying Solana and XRP.

One of the most important developments highlighted by Wintermute at this point is that fund inflows into Solana and XRP-focused ETFs are expected to reach record levels in 2026.

According to the report, Solana funds received a total of $154 million, while XRP funds received $110 million. Wintermute stated that this development shows that institutional investor interest is not limited to Bitcoin and Ethereum alone, and that capital is expanding towards select altcoins.

However, Wintermute added that this assessment does not mean investors are completely abandoning Bitcoin. The company views the current situation not as a complete exit from Bitcoin, but rather as institutional investors taking positions in some altcoins where they see higher return potential following Bitcoin.

Wintermute concluded by stating that the crypto market has shown unexpected macroeconomic resilience, fully absorbing the impact of the Fed chairman’s hawkish statements and weakness in the US technology sector. In this environment, Bitcoin has stabilized after a strong rally, while institutional money has begun to more actively invest in altcoins.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Japanese firm Remixpoint sold its entire altcoin portfolio in a single session on September 1, pocketing a ¥117.77 million ($598,400) profit while consolidating its crypto treasury exclusively into Bitcoin.

The move marks a sharp reversal from a diversification bet the company made just months earlier.

From Altcoin Diversification to a Bitcoin-Only StandardBack in June, Remixpoint pursued a different strategy entirely. Seeking to protect capital from a weakening yen, the company built a position of roughly 1.2 million XRP tokens while also adding Solana and Dogecoin to its balance sheet.

Internal financial models at the time projected that revenue from that crypto segment would reach up to ¥12.44 billion ($63.21 million). Management’s thinking shifted over the summer, however, after assessing the market risks and volatility tied to holding multiple altcoins.

Leadership settled on what the company called a selection-and-concentration strategy. On September 1, Remixpoint liquidated all its altcoin positions in a single trading day.

Follow us on X to get the latest news as it happens.

Japan’s DAT Remixpoint Dumps All Altcoins, Focusing Solely on Bitcoin. Source: RemixpointThe total transaction value reached ¥878.81 million ($4.47 million), against a book value of ¥761.04 million ($3.87 million) at the start of the period, producing that net profit. Results varied sharply by asset.

Ethereum delivered the largest gain at ¥60.20 million ($305,900), followed by Solana at ¥49.30 million ($250,500), with both tokens also generating ¥29.87 million ($151,800) combined in staking rewards. XRP contributed a smaller ¥11.52 million ($58,500) profit, while Dogecoin posted the only loss, at ¥3.25 million ($16,500).

Remixpoint plans to direct the realized profit toward its core energy business, expanding its fleet of industrial battery storage systems and strengthening its overall financial position.

Why Bitcoin Won Out Over the RestRemixpoint’s crypto holdings now consist exclusively of approximately 1,506 BTC. Company leadership framed the decision as pragmatic rather than ideological, pointing to Bitcoin’s ability to generate stable passive income through lending.

Between February and August 2026, the firm’s Bitcoin lending program accumulated 14.92 BTC in interest, generating ¥164.21 million ($834,300) without requiring any sale of the underlying asset.

🚨 JAPANESE COMPANY GOES BITCOIN-ONLY

Japan-listed Remixpoint has sold its entire ETH, SOL, XRP & DOGE holdings.

The company now holds roughly 1,506 BTC — worth ~$115M. 🟠

One message from the move:

“Bitcoin first.”#Bitcoin #BTC #Crypto #Ethereum #Solana

— Akshay (@iiam_Akshay) September 2, 2026
That yield advantage helped tip the balance away from altcoins, which offered price exposure but little in the way of an equivalent income mechanism. The company’s brief diversification experiment has effectively ended, with its capital now consolidated around a single asset.

Remixpoint’s pivot reflects a broader pattern among Japanese corporate treasuries navigating currency weakness and seeking yield, though few have reversed course this decisively in such a short window.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights.

After a sharp rise in Bitcoin and altcoins, the trend has recently turned downwards, but a new study published by ARK Invest and Glassnode reveals noteworthy data regarding the decentralization of cryptocurrency networks.

A joint study by Ark Invest and Glassnode has revealed a remarkable picture of the decentralization of the Bitcoin, Ethereum, and Solana networks.

According to this study, in the Bitcoin and Ethereum networks, it is sufficient for three independent actors to act in coordination to reach the level considered a critical threshold. In contrast, Solana requires 19 organizations.

Three Bitcoin Mining Pools Exceed the 51% Threshold! One of the most striking findings of the study concerned the Bitcoin network. The study revealed that Bitcoin requires three organizations each to accumulate enough processing power or stakes to influence block production.

At this point, the critical control threshold for Bitcoin is considered to be 51% of the network’s total mining power.

Research data for 2026 shows Foundry USA with 27.27%, AntPool with 17.06%, and F2Pool with 16.96% of hash power. The combined hash power of these three mining pools is sufficient to surpass the critical 51% threshold.

However, researchers also point out that this data does not mean that Bitcoin is controlled by three companies.

In Ethereum, the Critical Threshold is Three Actors!

In the case of Ethereum, the research uses a different threshold due to the structure of the Proof-of-Stake mechanism. For Ethereum, the critical threshold is considered to be 33% of the total stake amount.

According to the study, the critical threshold on the Ethereum network can only be surpassed by the total stake controlled by the three largest staking organizations. However, this does not mean that Ethereum is directly controlled by these three companies. These staking organizations perform verification on the network by pooling ETH belonging to numerous different users.

The Situation is Different in Solana! The study concluded that, unlike Bitcoin and Ethereum, Solana requires the coordination of 19 independent assets to reach the same critical threshold. At this point, Solana sacrifices decentralization in exchange for higher performance and faster coordination.

The study concluded that even if a particular mining pool or validator constitutes a large share of the network, this does not automatically mean that the operator directly owns all of the underlying hash power or staked assets.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Bitcoin (BTC) has given some of its gains from the sharp August rally, and the retreat is now tracing a familiar outline on the chart.

Analysts have flagged a Bart Simpson pattern forming on BTC. The formation has drawn concern that the decline still has room to extend.

The Bart Simpson Pattern Is Forming on Bitcoin, Here’s What It MeansBitcoin gained 25% in August and pushed through $80,000 late in the month. The asset traded near $77,281 on Wednesday, down 1.42% over 24 hours.

Bitcoin (BTC) Price Performance. Source: BeInCrypto MarketsSeveral analysts flagged the shape on the 4-hour chart. The pattern takes its name from the cartoon character because it resembles his hair. 

Price moves sharply in one direction, trades sideways in a narrow range, then snaps back toward the earlier level.

Follow us on X to get the latest news as it happens

The setup becomes particularly important if Bitcoin loses the $75,800 level, which another analyst identified as a key threshold. A break below it could confirm the bearish pattern.

On the other hand, holding above $75,800 could invalidate the bearish setup and give buyers room to regain momentum. In that case, Bitcoin could turn higher and retest the May high near $83,000.

Still, the Bart Simpson pattern should not be treated as a definitive bearish signal. The formation can emerge during normal consolidation after a sharp price move and does not necessarily lead to another leg lower.

Spot Demand Contracts as Long-Term Holders SellThe flow data carries more weight than the pattern. Analyst CW8900 said spot demand has turned negative during the sideways move.

Negative readings appeared on two consecutive days. In contrast, futures demand stayed solid across the same stretch.

“Without the support of spot demand, there is no bullish rally,” the analyst said.

Meanwhile, analyst Axel Adler Jr reported that long-term holder distribution rose 61.5% between August 18 and August 28. The 30-day sum climbed from 174,500 BTC to 281,900 BTC.

That marked the highest reading since the start of 2026. Adler said the rebound after the short squeeze opened a window for profit-taking.

He added that inflation and labor figures due over the next few days will shape the Fed’s September decision. Whether current demand can absorb that growing supply now decides where Bitcoin price action heads next.

Subscribe to our YouTube channel to watch leaders and journalists provide expert insights

Wall Street logged its third consecutive losing session Tuesday. Fresh U.S. strikes on Iran sent oil surging, and CNBC’s Jim Cramer says three forces now keep the market, including Bitcoin, volatile.

The Dow fell 419 points and the Nasdaq dropped 1%. Both slides reflect geopolitical shocks, bond market stress, and a hawkish new Fed chair. The 10-year Treasury yield climbed to 4.79%.

Three Forces Rattling Wall StreetThe first of the three factors is Iran. Renewed U.S. strikes near the Strait of Hormuz pushed Brent crude up 4.6% to $95.70 a barrel Tuesday evening. U.S. crude closed above $90 for the first time in over a month.

Cramer says the pattern keeps repeating as Iran’s latest Hormuz threat resurfaces whenever ceasefire hopes fade.

The second factor is the Federal Reserve. Federal Reserve Chair Kevin Warsh has signaled he would raise rates even at the cost of a recession.

Cramer compares him to former Fed Chair Paul Volcker, another inflation hawk. Traders now put the odds of a September rate hike at 66%, up from about 40% a week earlier.

The third is the president himself. Cramer estimates a provocative post on Iran shaves about a quarter point off major indexes. An actual strike can cut markets by half a percent and add two percentage points to oil. He calls it a volatility premium with no fixed expiration.

Cramer’s team also trimmed data center exposure ahead of the November election, wary of political risk to AI names. They kept core holdings in Nvidia and Apple.

Bitcoin Also Feeling the PressureThe pressure has spilled into digital assets too. Bitcoin’s brief slide below $77,000 tracked Tuesday’s broader risk-off move.

Bitcoin has slipped below $77,000 briefly. Image Source: BeInCryptoInvestors trimmed exposure across both stocks and crypto. Ether slid alongside bitcoin as traders cut risk broadly across the sector. Cramer’s investing club raised cash to more than 15%, the highest level in its 25-year history.

He is betting the whipsaw continues until Iran’s conflict eases or the Fed’s path becomes clearer. The next test arrives Friday, when the August jobs report could reshape rate-hike expectations further.

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.

This site is protected by reCAPTCHA.

Strategy CEO Phong Le said Bitcoin is entering a strong bull market and the company has no plans to sell its BTC holdings. Speaking in an interview with Bloomberg, Le stated that Strategy will continue its Bitcoin accumulation strategy and may continue buying even if the price rises.

Le stated that the company would continue to make purchases even if Bitcoin reached $80,000, $90,000, $100,000, or $130,000. The Strategy CEO said that if Bitcoin were to reach $260,000 in the future, investors would still consider purchases made at the $130,000 level as a successful investment in retrospect.

Strategy is known as one of the largest companies that places Bitcoin at the center of its institutional treasury strategy. The company maintains its long-term approach by increasing the amount of Bitcoin on its balance sheet through regular BTC purchases. Phong Le’s recent statements also indicate that Strategy will not abandon its Bitcoin accumulation policy despite price fluctuations.

The company’s decision not to sell Bitcoin is based on the expectation that the crypto asset will appreciate in value in the long term. Strategy management argues that Bitcoin’s limited supply, as well as increasing institutional adoption, could provide long-term support for the price.

Le’s assessment revealed that the company is focusing on long-term potential rather than short-term price movements in Bitcoin. The CEO stated that even purchases at levels as high as $130,000 could be considered reasonable retrospectively if Bitcoin were to reach $260,000.

Strategy’s aggressive Bitcoin accumulation policy sets the company apart from traditional institutional investors, but it also increases its balance sheet risk against declines in the BTC price. Despite this, Le has given no indication that the current strategy will be changed.

The assessment that Bitcoin has entered a strong bull market supports the expectation that the company may continue to make large-scale BTC purchases in the future. Market participants are closely monitoring Strategy’s new purchases and changes in the company’s Bitcoin reserves.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Strategy CEO Phong Le defended the company’s decision to sell Bitcoin near $60,000 before resuming purchases around $80,000, arguing that its treasury trades depend on capital costs rather than Bitcoin’s market price.

Summary

Strategy bought 4,603 Bitcoin for $369.7 million at an average price of $80,318 last week. Phong Le said capital costs, rather than Bitcoin’s market price, determine Strategy’s treasury transaction decisions. Strategy’s latest filing showed 845,050 Bitcoin acquired for an aggregate $63.73 billion through August 30. Dollar assets reached $6.71 billion, nearly matching convertible debt and reducing reported net leverage completely. Le said Strategy remains a net Bitcoin accumulator despite adopting a formal two-way treasury strategy. Speaking on Bloomberg Crypto on Sept. 1, Le said the earlier sales and the latest purchase were both appropriate because Strategy’s financing conditions had changed between the transactions.

Strategy purchased 4,603 BTC for $369.7 million between Aug. 24 and Aug. 30 at an average price of $80,318, according to an Aug. 31 regulatory filing.

The purchase lifted its holdings to 845,050 BTC, acquired for approximately $63.73 billion at an average cost of $75,412 per coin.

Strategy links Bitcoin trades to capital costs Le said Strategy does not decide whether to buy or sell Bitcoin solely by comparing the cryptocurrency’s current price with past levels.

Instead, management considers the cost of raising capital and the return it expects from deploying that capital. If Strategy can issue common shares at a premium to the value of its assets, it may use the proceeds to buy Bitcoin while increasing Bitcoin exposure on a per-share basis.

“We don’t buy or sell Bitcoin based on the price of Bitcoin,” Le said. “We buy or sell based on our cost of capital.”

The position explains why Strategy considered selling Bitcoin between approximately $60,000 and $65,000 reasonable while later paying more than $80,000. The transactions occurred under different balance sheet and financing conditions.

Le said issuing MSTR shares had become attractive again because the stock was trading at a premium. Strategy sold approximately $602.8 million of common shares during the week that ended Aug. 30, using part of the proceeds for its Bitcoin purchase.

The company also increased its general USD Cash pool by $29 million and spent approximately $152 million repurchasing STRC preferred shares below their $100 stated amount.

Strategy’s return to Bitcoin purchases after a two-month pause was therefore part of a broader capital allocation decision rather than a directional call that Bitcoin would rise from $80,000.

Bitcoin sales funded financial obligations Le said Strategy sold roughly 7,000 BTC during its balance sheet restructuring, describing the amount as “minuscule” relative to its total holdings.

Strategy’s public Bitcoin ledger records sales of 2,225 BTC in early July, 1,638 BTC in early August and 1,690 BTC the following week. Those three disclosed reductions total 5,553 BTC.

The company had also reported selling approximately $218.4 million of Bitcoin earlier in 2026 to fund part of its preferred dividend obligations. Le’s interview figure appears to describe the broader period in rounded terms.

Le said selling Bitcoin to pay preferred dividends was “the right trade at the time.” Strategy had already committed to regular payments on its preferred securities and needed dollar liquidity to meet those obligations without relying entirely on new financing.

The sales represented a departure from Strategy’s earlier reputation as a company that only accumulated Bitcoin. Its board formally authorized a Bitcoin monetization program in June, allowing management to sell BTC to finance its dollar reserve, pay dividends and interest, repurchase securities or meet other approved obligations.

The policy permits up to $1.25 billion in Bitcoin sales to build the designated USD Reserve. It does not require Strategy to sell that amount.

Strategy’s first disclosed sale under its evolving treasury policy marked a transition toward active management of its Bitcoin holdings, rather than an abandonment of its accumulation strategy.

Strategy says net leverage has fallen to zero Le said Strategy used the pause in Bitcoin purchases to strengthen its balance sheet. Over roughly two months, it increased dollar assets while reducing its net exposure to convertible debt.

The company reported $6.71 billion in USD assets as of Aug. 30. That amount comprised cash and other dollar-denominated holdings allocated across its designated reserve and general corporate liquidity.

Its convertible debt stood at approximately $6.75 billion. Strategy therefore reported net leverage of 0.0% because its company-defined calculation subtracts dollar assets from outstanding debt before comparing the balance with its Bitcoin reserve.

Net leverage of 0.0% does not mean Strategy has eliminated its legal debt or preferred stock obligations. The company continues to have convertible notes outstanding and must make preferred dividend payments.

The metric instead shows that its dollar assets nearly offset the principal value of its convertible debt. The calculation does not subtract all preferred stock claims.

Le described the balance sheet as a “fortress,” arguing that Strategy has no meaningful Bitcoin liquidation price under its current structure. The company’s debt is not secured directly by its Bitcoin in a way that would automatically force sales when BTC falls to a stated level.

That claim does not mean a prolonged Bitcoin decline would have no financial effect. Lower Bitcoin prices could reduce Strategy’s asset value, weaken its ability to issue shares at attractive prices and increase pressure from preferred dividends and other obligations.

Strategy adopts a two-way Bitcoin policy Le said Strategy now operates a “two-way strategy.” It may sell Bitcoin when doing so improves its capital structure, even though it intends to remain a net accumulator over time.

The framework makes Bitcoin one component of Strategy’s financing system rather than an asset that can never be sold. Management can compare BTC sales with common equity issuance, preferred offerings, repurchases and cash usage.

Strategy’s June framework explains that common stock issuance can be accretive when MSTR trades above the company’s adjusted net asset value. Issuing shares below that level can dilute Bitcoin exposure per share.

Le said Strategy could continue purchasing Bitcoin at $90,000, $100,000 or $130,000 if the cost of capital makes those purchases attractive. Those levels were examples, not forecasts or confirmed purchase orders.

The company would also consider selling Bitcoin again if the proceeds were more valuable elsewhere in its capital structure. Le said price alone would not determine such a decision.

Strategy’s Aug. 31 purchase confirms that it has returned to accumulation after its restructuring period. It now controls slightly more than 4% of Bitcoin’s maximum 21 million supply.

The next update will depend on Strategy’s weekly capital markets activity. Further MSTR issuance at a premium could finance additional Bitcoin purchases, while weak equity demand or higher financing costs could slow accumulation or make another sale more economical.

Meanwhile, Le’s central argument was that the apparent contradiction between selling near $60,000 and buying near $80,000 disappears when the transactions are viewed through Strategy’s cost of capital.

The Bitcoin sales supplied dollars for preferred obligations and balance sheet restructuring. The later purchase used proceeds from common shares issued when management believed MSTR’s market premium made the transaction accretive.

Le said Strategy had strengthened its dollar position, reduced net leverage and retained flexibility to transact in both directions. He maintained that the company remains a long-term net buyer, but no longer treats Bitcoin sales as prohibited.

He also said future purchases could occur at much higher Bitcoin prices if Strategy can obtain capital on sufficiently attractive terms. The comments described a conditional financing framework rather than a Bitcoin price prediction.

COINTELEGRAPH: Bitcoin ETFs notch best month of 2026 as BTC gains 25% in August

Macro FUD hits crypto again – Leverage flush or a deeper correction ahead?