⚖️ $BTC has been locked in a tug-of-war around $80,000: ETFs bought $3.8 billion over three days, but a jobs report held it back
On September 6 (Sunday), Bitcoin moved back to a narrow range around $80,000—$80,100, rising only 0.2%—0.6% over 24 hours, after trading between $78,723 and $81,370 intraday
After breaking above $81,000 earlier this week, it pulled back and ended the week at $79,697, still up +2.6%, and closed above a downward trendline that had capped it for nearly a year for the first time
The battle between bulls and bears is crystal clear
The buyer is institutional: Bitcoin ETFs saw net inflows of $3.8 billion over three weeks, the strongest of the year, with $731 million coming in on Thursday alone (the biggest since January 14)
The seller is macro: Friday’s nonfarm payrolls jumped by 162,000, far above expectations, reviving rate-hike fears as the dollar and Treasury yields rose, sending BTC back below $80,000
There is a third force on-chain: the daily transfer volume of wallets dormant for more than five years surged 56% to 1,500 BTC
My view: technically, $80,000 is the psychological line bulls must defend; only holding above $80,200 gives room for another push higher, while a break below $78,700 would likely retest $77,500
Among last week’s top ten coins, BTC had the weakest gains, with capital rotating into higher-beta names like ZEC and DOGE, while the market leader was effectively "on holiday"
#BTC触及80000美元 #比特币以太坊触及数月高点 #比特币ETF创1月以来最大单日流入 #美国8月非农数据今日公布
On September 6 (Sunday), Bitcoin moved back to a narrow range around $80,000—$80,100, rising only 0.2%—0.6% over 24 hours, after trading between $78,723 and $81,370 intraday
After breaking above $81,000 earlier this week, it pulled back and ended the week at $79,697, still up +2.6%, and closed above a downward trendline that had capped it for nearly a year for the first time
The battle between bulls and bears is crystal clear
The buyer is institutional: Bitcoin ETFs saw net inflows of $3.8 billion over three weeks, the strongest of the year, with $731 million coming in on Thursday alone (the biggest since January 14)
The seller is macro: Friday’s nonfarm payrolls jumped by 162,000, far above expectations, reviving rate-hike fears as the dollar and Treasury yields rose, sending BTC back below $80,000
There is a third force on-chain: the daily transfer volume of wallets dormant for more than five years surged 56% to 1,500 BTC
My view: technically, $80,000 is the psychological line bulls must defend; only holding above $80,200 gives room for another push higher, while a break below $78,700 would likely retest $77,500
Among last week’s top ten coins, BTC had the weakest gains, with capital rotating into higher-beta names like ZEC and DOGE, while the market leader was effectively "on holiday"
#BTC触及80000美元 #比特币以太坊触及数月高点 #比特币ETF创1月以来最大单日流入 #美国8月非农数据今日公布
