BTC Reclaims $80,000: Bad News Didn’t Hit, But I Don’t Recommend You Chase It Now
This week, the macro environment and regulation are actually not very friendly:
• The Federal Reserve hiked rates by 25bp, bringing interest rates to 3.75%–4.00%;
• In the U.S., the (CLARITY Act) advanced in the Senate but was blocked;
• In the first half of the week, BTC once dipped back toward around 77,000.
But on September 18, BTC not only reclaimed 80,000, it also briefly surged to between $81.2k and $81.4k. ETH rose in tandem by about 7%–8%, and SOL, XRP, and others also followed. At the same time, the US spot BTC ETF ended its streak of outflows and recorded roughly $160 million in net inflows.
My judgment is straightforward:
This isn’t a “full return of the bull market,” but a rebound driven by the combined effects of “bad news being digested + short-covering + ETF capital returning.”