Canaan Technology stated that in August it mined a total of 44 BTC and sold all 3,952 ETH and 54 BTC at the end of the month, with average selling prices of approximately $2,400 and $79,000 respectively, generating about $13.9 million in cash, of which about $5.4 million was used to repurchase 13.6 million ADS shares. As of the end of August, the company still holds 1,868 BTC and stated it will continue to maintain a strategic digital asset reserve. #新手必看：这里有你需要的一切 #交易之声：你的经验值得被听到 $BTC

The absolute core of the crypto market next week will be the Federal Reserve's interest rate decision on September 16 and its subsequent policy guidance, with market volatility expected to increase significantly; if the Fed raises rates as the market expects and continues to signal a hawkish stance, U.S. Treasury yields will rise further. BTC first needs to watch the $76,000-77,000 support zone; if it breaks down effectively, a short-term further pullback to $74,000–75,000 is possible. On the upside, BTC needs to break through and hold above $80,000 again to challenge the previous high of about $82,000. ETH should focus on the $2,400–2,450 support and the $2,600–2,650 resistance zones. Since ETF funds have recently outperformed BTC, if risk appetite does not deteriorate further, ETH may continue to maintain relative strength; however, if Fed policy is significantly more hawkish than expected, a break below $2,400 should raise caution for a pullback to $2,300–2,350. Besides the Fed, the progress of the U.S. Senate on the CLARITY Act is also an important policy variable for the crypto market next week. Therefore, the short-term outlook remains focused on high volatility and defensive strategies. Only if BTC stabilizes above $80,000 again accompanied by a renewed sustained net inflow of ETF funds will the market have better conditions to resume a clear upward trend. #新手必看：这里有你需要的一切 #交易之声：你的经验值得被听到 $BTC

The overall crypto market showed a pattern of initial decline followed by a rebound, but risk appetite remained weak. BTC opened around $80,344 on September 7 and continued to face pressure, dropping to a low of about $76,554 on September 10. Although it briefly rebounded to around $79,696 on September 11, it mainly traded between $77,000 and $79,000 as of September 13, failing to firmly reclaim the $80,000 level this week; ETH fell from about $2,512 during the same period, hitting a low of approximately $2,418 on September 10, then quickly rebounded to a high near $2,653 on September 11 before settling back near $2,500, showing more resilience relative to BTC. There was a clear divergence in capital flows: from September 8 to 11, the US spot BTC ETF saw a cumulative net outflow of about $463 million, ending a previous three-week streak of net inflows, while the ETH ETF continued to receive net inflows during the same period, indicating some institutional funds rotated from BTC to ETH. On the macro front, oil prices and US Treasury yields rose significantly this week, with market expectations for a Fed rate hike on September 16 heating up, suppressing valuations of high-risk assets, which is also a key reason for BTC's continued pressure #新手必看：这里有你需要的一切 #交易之声：你的经验值得被听到 $BTC

Analysis: Increased Selling Pressure on Bitcoin Derivatives, Buyer Advantage Not Yet Confirmed Certified CryptoQuant analyst AxelAdler Jr. posted that in the past 24 hours, selling pressure in the BTC derivatives market has intensified. Although BTC price rose about 0.4% during the same period, the current price resilience has not been confirmed by stronger buying. Data shows the BTC derivatives pressure index dropped from -25.36 to -60.80 in the past 24 hours and has remained negative since September 6. This index comprehensively considers active buy and sell pressure, changes in BTC-denominated open interest, and funding rates. It currently indicates sellers dominate, but it is unclear whether this is due to increased short positions or long position liquidations. Meanwhile, Coinbase remains at a discount compared to Binance, with the latest premium index at -0.0455% and a 48-hour average of -0.0323%. If the derivatives pressure index continues to rise above 0 and Coinbase's 48-hour average premium turns positive again, it will signal further market improvement; if negative pressure persists, BTC still faces the risk of another decline #新手必看：这里有你需要的一切 #交易之声：你的经验值得被听到 $BTC

Renowned trader Bonk Guy once again responded to skeptics, hoping that people do not assume he "knows something" or "should know something," and stated that he, like many others, is just a Degen and an ordinary trader who often sleeps only 2 to 4 hours a day, so he is not infallible. His "fame" actually amplifies these mistakes. Bonk Guy added that his goal has never been to get every trade right, but to achieve overall profitability through enough correct trades; if people think his judgment is wrong, rather than directly blaming him, it is better to point out the mistakes and share better options, which benefits both parties. #新手必看：这里有你需要的一切 #交易之声：你的经验值得被听到 $BTC

Maji Big Brother Huang Licheng is reducing his HYPE long position, still holding 86,000 HYPE with 10x leverage. Maji Big Brother Huang Licheng is reducing his HYPE long position, currently holding 86,000 HYPE with 10x leverage, valued at approximately 6.84 million USD. His total perpetual contract exposure is 150.85 million USD, all long positions, including 39,800 ETH (about 99.91 million USD), 569 BTC (about 44.1 million USD), and 86,000 HYPE; the current unrealized profit is about 1.05 million USD, but the cumulative loss on perpetual contracts is 29.43 million USD $BTC #新手必看：这里有你需要的一切 #交易之声：你的经验值得被听到

This week, the market will witness several major events, including the FOMC meeting. As of the time of writing, crypto market maker Wintermute holds approximately $102.1 million in short positions and is actively depositing more funds to increase its short exposure. Currently, it holds short positions in multiple assets including ETH, SOL, and the S&P 500, with the largest position being a 15x short on ETH valued at $38.68 million. Additionally, it holds a $13.96 million 20x long position in Bitcoin and has set orders to reduce long positions below $80,000. It is adding to long positions in the $75,000-$76,000 range #新手必看：这里有你需要的一切 #交易之声：你的经验值得被听到 $BTC

BTC hovering above the $76,500 support is not a positive sign; the longer it stays there, the higher the probability of breaking below that support and seeking lower support levels. It is believed that BTC needs to at least reclaim and hold above $78,300 for the short-term trend to show a stronger bullish structure. #新手必看：这里有你需要的一切 #交易之声：你的经验值得被听到 $BTC

Analyst Darkfost posted on platform X that Bitcoin is about to enter a phase of 365 days without reaching a new all-time high (ATH). In previous cycles, Bitcoin usually hit new highs shortly after halving, but this pattern seems to be changing. Meanwhile, the interval from each cycle's peak to the next new all-time high is also shortening: from 2014 to 2017 it was 1180 days, from 2017 to 2020 it was 1094 days, and from 2021 to 2024 it has shortened to 849 days. Darkfost believes that if this trend continues, this Bitcoin cycle may reach a new all-time high even faster. The next Bitcoin halving is expected to occur around April 2028. #新手必看：这里有你需要的一切 #交易之声：你的经验值得被听到 $BTC

Binance's Bitcoin reserves have risen to 693,000 coins, reaching a two-year high, an increase of about 77,000 coins since the end of April, accounting for approximately 30% of the total Bitcoin reserves on major trading platforms. As the reserves continue to climb, Bitcoin faces strong supply pressure in the $83,000 to $85,000 range. #新手必看：这里有你需要的一切 #交易之声：你的经验值得被听到 $BTC