The driving force behind Bitcoin's price surpassing $80,000 is not from new funds actively opening positions, but rather from shorts being forced to liquidate during the price rally. This has led to a significant decline in futures open interest, indicating a contraction in leveraged positions, and the market's intrinsic upward momentum may be weakening. #新手必看：这里有你需要的一切 $BTC #交易之声：你的经验值得被听到

Market expectations for easing US-Iran tensions are rising, leading to a broad rebound in global risk assets. The New York Times reports that the US is preparing to return previously withdrawn diplomatic staff to Middle East embassies, which the market interprets as Washington not expecting a full-scale conflict with Iran in the short term. Brent crude briefly fell below $90/barrel, dropping more than 3% intraday; WTI crude also declined about 3%. US stock futures rose, with S&P 500 futures up 0.4%, Nasdaq 100 futures up 0.9%, led by the semiconductor sector. Nvidia rose about 0.9% pre-market, potentially ending a seven-day losing streak; AI-related stocks like Micron and Seagate also strengthened significantly. The US 10-year Treasury yield fell about 3 basis points to 4.66%, with declining bond yields supporting risk assets. In the crypto market, BTC briefly surpassed $80,000 for the first time since mid-May, before gains narrowed. The market believes that renewed dollar depreciation trades and recent US Treasury Secretary Janet Yellen's intervention in the bond market have driven some funds to seek dollar alternative assets again, supporting BTC's rise $BTC #新手必看：这里有你需要的一切 #美启动对伊经济孤立，油价为何回落？

Bitcoin surged to $81,265 on Tuesday before retreating, falling as low as $78,111 and once again losing the $80,000 mark. Gold also weakened in tandem, with spot gold dropping nearly 2% to $4,605 per ounce after previously rising to $4,697, a new high since mid-May. Market trends indicate that the decline in U.S. Treasury yields did not continue to drive Bitcoin and gold higher; instead, there was a divergence with U.S. stocks strengthening while cryptocurrencies and gold weakened. The S&P 500 index rose 0.2%, and the Nasdaq index increased by 0.5%; meanwhile, the yield on the 30-year U.S. Treasury bond fell below 5.2%, approaching the lowest level since August 7. Analysts believe that recent changes in U.S. Treasury yields remain a key driver for the crypto market. The U.S. Treasury previously expanded the scale of long-term Treasury repurchases to ease upward pressure on long-term yields, but in the current inflation environment, the Federal Reserve's room for rate cuts remains limited. #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

Wintermute stated in a market update that with BTC breaking out of a six-week trading range, and net inflows of approximately $1.92 billion and $693 million into BTC and ETH spot ETFs respectively over the past week, their market outlook has turned bullish. However, this rally was accompanied by about $2.7 billion in short liquidations, and whether ETF capital inflows can continue will be key. Wintermute noted that if BTC ETFs experience a weekly net outflow and BTC closes back below the old range under $67,000, the outlook will turn cautious again. Wintermute also views the U.S. Treasury's announcement to increase the single repurchase size of 10- to 30-year Treasuries from up to $2 billion to at least $4 billion starting September 9 as an important backdrop for changes in market liquidity expectations in this round. #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 crypto market has clearly rebounded after an initial adjustment. BTC and ETH rose by 23.6% and 31.4% respectively, the total crypto market capitalization increased by 22.1%, and market sentiment quickly shifted from "fear" to "greed," with the Fear and Greed Index rising from 27 to 73. Meanwhile, Bitcoin ETFs saw net inflows of about $1.9 billion, Ethereum ETFs about $697 million, and institutional capital inflows further strengthened the market's rebound momentum. Another major focus this week is the acceleration of regulation and traditional finance entering the digital asset space. The crypto asset regulatory framework proposed by the US SEC is seen as an important policy catalyst, expected to further clarify the regulatory path for crypto financing and tokens; Laser Digital obtained Japan's first newly issued crypto exchange license in four years; the European Commission is considering including crypto lending business under the MiCA framework. In the venture capital market, three financing deals were completed last week, disclosing a total financing amount of $283 million, a 1,329% increase from the previous week, including Ripple's $275 million financing; privacy Layer 1 project Beldex completed $8 million financing, and Blueprint Finance also received strategic financing. Overall, market risk appetite has clearly rebounded, and the regulatory environment has improved $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

BTC has rebounded above the short-term holder cost line of 68,200 USD in this round, while breaking through the SMA111 at about 67,500 USD and the SMA200 at 69,000 USD with increased volume, allowing short-term holders who recently bought BTC to return to profitability. Currently, the overall moving average structure remains bearish, with SMA111 and SMA200 both below SMA365 (about 83,200 USD), so a larger-scale trend reversal has not yet been confirmed. The key support area to watch below is between 68,000 and 69,000 USD, while resistance to watch above is at 83,200 USD; if BTC can break through and hold above SMA365, it could become an important confirmation signal for a trend change. #新手必看：这里有你需要的一切 $BTC #交易之声：你的经验值得被听到

Whale Jason stated that he will look for opportunities to re-enter long positions. He believes the current trend strength has exceeded previous expectations, and the subsequent upside potential can be further raised; even re-entering at $80,000 or higher is not too late, as BTC still has room to rise. He expects that $100,000 will likely arrive earlier than originally anticipated, at which point he will reassess the further height of this trend. $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

Two long positions earned $9 million in profit, Hyperliquid trader's 123-day ETH long and 37-day BTC long. A Hyperliquid trader held an ETH long position for 123 days with a notional value of $143 million, earning $7.11 million in profit; another BTC long position was held for 37 days with a notional value of $50.35 million, earning $1.89 million in profit. The trader's cumulative profit from perpetual contracts is $9 million. $BTC $ETH #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

bowen1476 has accumulated losses of $4.56 million, opening a 40x leverage $23 million Bitcoin short position. The on-chain analyst tracking the wallet bowen1476 noted that on August 24, for the 15th time in 5 days, it opened a Bitcoin short position, this time shorting 300 BTC with 40x leverage, nominally worth about $23 million. The previous 14 trades were consecutive losses, accumulating $4.56 million in losses. The wallet's new short entry price is about $77,100, while Bitcoin was around $77,500 at that time. If Bitcoin falls below the entry price, this position will be profitable; since closing 700 BTC short positions in May 2026, this wallet has not closed any profitable positions. Bitcoin has risen 22% in the past 7 days, during which over 172,000 short positions across the network were liquidated, clearing about $3 billion in short positions. The U.S. Treasury has increased the scale of long-term Treasury repurchase operations from $2 billion to $4 billion each time $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

Bitcoin's price staged a rapid surge and then a pullback over the past week. Starting from below $63,000 with a five-day rally, it nearly touched the $80,000 mark but encountered significant resistance around $79,500, then the price retreated to oscillate around $76,000. Bitcoin was rejected at $79,900; we almost reached $80,000. There are a large number of sell orders stacked there, but the market will gradually absorb them and continue to push upward." This statement reveals the core expectation of the current bulls— as long as buying pressure continues, the selling pressure above will eventually be digested. $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