US spot Bitcoin ETFs recorded about $450 million of net outflows over three trading sessions from September 8–10, ending one of the strongest recent inflow runs. Redemptions intensified through the week, led by September 10, when withdrawals reached $282.6 million. The pullback followed a sharp contrast with the prior week. For the week ending September 4, spot Bitcoin ETFs attracted roughly $987 million, including a $730.9 million single-day surge on September 3. Within a handful of sessions, nearly half of that momentum faded. Flow data show a clear acceleration in selling pressure. Net outflows were $46.6 million on September 8, widened to $120.2 million on September 9, then spiked to $282.6 million on September 10, the largest single-day outflow in the three-day stretch. ARKB, the ARK 21Shares Bitcoin ETF, accounted for the largest share of the damage. It posted $164.3 million of outflows on September 10 alone, the biggest contributor to that day's redemptions. Most funds saw assets leave during the period, while Morgan Stanley's MSBT was the only product to register modest net inflows. Bitcoin prices tracked the risk-off tone. The cryptocurrency traded near or below $80,000 during the selloff, slipping closer to $77,000 as redemption pressure built. Since the products launched in January 2024, cumulative net inflows total about $55.17 billion. Assets under management across spot Bitcoin ETFs stand near $97.5 billion, roughly 6.28% of Bitcoin's market capitalization. Even with that longer-term build, 2026 has been more challenging. Year-to-date net outflows are around $1.07 billion, leaving overall flows negative since January. The prior three weeks had brought roughly $3.8 billion of net inflows, and the latest selling wave represented only a portion of that total, but the speed of the reversal drew attention: a swing from nearly $1 billion in weekly inflows to $450 million in weekly outflows within a single calendar week. ARKB's outsized role is notable given ARK Invest's appeal to growth-focused, risk-tolerant investors. The heavy concentration of selling on September 10, rather than a more even pace across the three sessions, points to a tipping-point move rather than a gradual reassessment.

Bitcoin dropped below $77,000 on Sept. 10, extending a pullback from the $80,000 area as hotter U.S. inflation, rising Treasury yields and forced liquidations pressured crypto markets. BTC briefly traded near $76,650 before stabilizing around $77,000. The move followed an August U.S. producer inflation print of 5.4% year over year, prompting traders to raise expectations for another Federal Reserve rate increase next week. Reuters pegged the odds near 70%, up from about 65% before the PPI release. The slide also set off roughly $562 million in crypto liquidations. Bitcoin added to the wave after the $78,000 support level broke, forcing long positions out and shifting attention to the $75,000 support zone. $75,000 emerges as the next key level Technical conditions deteriorated quickly once BTC failed to hold $78,000. Sept. 10 historical data show Bitcoin closing near $77,188, down about 1.4% after trading as high as $78,541 and as low as $76,705. Updated technical readings point to $75,000 as the first major downside support, with the 200-day moving average near $72,500 as the next level if sellers remain in control. On the upside, resistance is seen near $78,000, followed by $81,000. The setup underscores the market's repeated inability to sustain moves around $80,000. Coinpaper recently noted how dramatically the market has evolved since BTC traded at $8, with U.S. spot Bitcoin ETFs now holding more than $103 billion in assets. Even so, those vehicles are no longer offering the same short-term support. ETF flows flip negative again U.S. spot Bitcoin ETFs posted about $120.2 million in net outflows on Sept. 9, after roughly $46.6 million of withdrawals on Sept. 8. The two-day total of about $167 million marked the first back-to-back outflow sessions since mid-August. ARKB led Sept. 9 redemptions at about $78 million, while BlackRock's IBIT saw roughly $19.5 million in outflows. The reversal stands out after the group drew more than $1 billion over the prior three trading days. CPI in focus as yields approach 5% Markets are now looking to U.S. CPI as the next major catalyst. Treasury yields have already climbed sharply, with the 10-year reaching roughly 4.93%–4.95% on Sept. 10 as oil above $100 and persistent inflation lifted rate expectations. From a technical standpoint, holding $75,000 could allow BTC to retake $78,000 and renew attempts toward $80,000–$81,000. A clean break below $75,000 would put the 200-day moving average near $72,500 in play. While the bullish golden cross that appeared this week remains intact, near-term price action is being driven more by inflation dynamics and liquidity conditions, with buyers' willingness to defend $75,000 likely to be decisive.

Capital B, the Paris-listed bitcoin treasury vehicle formerly known as The Blockchain Group, has moved into ninth place on Euronext when measured by trading volume relative to market capitalization. The company said it now holds 3,521 BTC after purchasing 376 BTC on Sept. 7 for about €25.3 million. Its blended cost basis stands at roughly €309.4 million. Capital B trades under the ticker ALCPB on Euronext Growth Paris. The company added that its Cboe Europe listing on Aug. 5 roughly doubled overall trading activity.

Bitcoin is holding the $76,500–$77,000 band ahead of the U.S. consumer inflation report, though that floor is showing signs of strain, CoinDesk said. Markets are fixated on whether the August CPI print comes in above forecasts and what that would mean for the Federal Reserve's tone going forward. Consensus expectations put August CPI at 3.4%. CoinDesk noted that higher average oil prices in August could raise the odds of a hotter inflation reading; a stronger-than-expected report could intensify pressure on the Fed. BTC is currently trading near $76,500–$77,000. A break below $76,500 could shift attention to the next support zone around $72,000–$74,000. Key levels and dates: - Current support: $76,500–$77,000 - Support below: $72,000–$74,000 - Event window: CPI on Friday; FOMC next Wednesday

The cryptocurrency market turned lower again, with Bitcoin retreating to the $77,000 area after losing support from its recent rebound range and major altcoins broadly in the red, according to CoinMarketCap. The move reflects a wider risk-off shift tied to macro pressures and ongoing ETF fund outflows rather than idiosyncratic token-specific news. Over the past 24 hours, total crypto market capitalization fell to about $2.62 trillion, down roughly 1.55%. Trading activity picked up during the decline, with 24-hour volume rising to around $84.3 billion. Bitcoin was last around $77,225, down from roughly $78,500 a day earlier, and briefly dipped below $76,500 intraday. Ethereum remained unable to reclaim $2,500 but held above $2,450. XRP slid more than 3% to $1.34, BNB traded near $714, while Solana and Hyperliquid fell below the $100 and $80 levels, respectively. Stablecoins continued to make up a large share of activity. Data showed their 24-hour trading volume topped $90 billion, pointing to frequent reallocations as funds rotated into defensive and intermediary assets. Macro risk aversion has been a key drag on risk assets. After tensions in the Middle East escalated, oil prices jumped sharply. Brent crude reportedly touched $109.97 per barrel, notching a weekly gain of nearly 11%. Higher energy prices have revived inflation concerns and weighed on risk appetite. At the same time, expectations that the Federal Reserve will keep policy tight have strengthened. The report cited a roughly 71% probability of a 25-basis-point rate hike next week, up from about 61% previously. U.S. Treasury yields moved higher, with the 10-year yield rising to 4.979%—near the 5% mark—and the 30-year yield around 5.38%. The U.S. Dollar Index hovered near 99. Higher yields and a firmer dollar tend to pressure higher-volatility assets, including cryptocurrencies. Beyond macro headwinds, liquidity has also softened. Bitcoin ETFs posted a net outflow of $120.2 million today following a $46.6 million net outflow the prior day, bringing total two-day outflows to about $166.8 million. Persistent redemptions signal weaker incremental demand and reduced market absorption. Liquidations added to the volatility. The article said total crypto liquidations recently exceeded $386 million, including about $270 million in long positions. As prices fall, long liquidations can trigger cascading selling that deepens short-term declines. Market focus is now on oil prices, U.S. inflation readings, and expectations for Federal Reserve policy. If these pressures ease, Bitcoin and major tokens may find a footing. If oil continues to climb, inflation expectations rise, or ETF outflows persist, the current correction could extend.

Blockstream said it will not pay a ransom for the remaining Bitcoin missing from last week's Liquid Network exploit, after recovering the bulk of the funds. The company reported it has retrieved about 3,400 BTC of the roughly 4,000 BTC drained from a Liquid Network federation wallet on Sept. 6. In an update issued Sept. 11, Blockstream said it will not compensate the attackers to recover the outstanding 598.5 BTC, valued at about $47 million. Blockstream argued that paying for the return of stolen assets amounts to negotiating with thieves, not responsible security disclosure. It warned that meeting such demands would establish a repeatable template for future attacks across the industry. The incident stemmed from a software bug in the Elements codebase, the open-source framework that underpins Blockstream's Liquid sidechain. According to the company, the flaw enabled the creation of unbacked LBTC, Liquid's pegged asset, which was then swapped for real BTC held in the federation wallet. Blockstream said the federation's signing keys were not compromised and that Liquid's multisignature custody model remained intact. Instead, the attackers exploited a logic issue in how the network validated peg transactions. Patches were deployed quickly, and by Sept. 7 roughly 3,400 BTC had been returned, representing about 85% of the stolen funds. Liquid temporarily paused operations during the recovery effort, then resumed with an updated block production schedule. Communications between Blockstream and the perpetrators played out publicly via on-chain OP_RETURN messages and PGP-signed Bitcoin transactions. The attackers initially presented themselves as white hats and demanded a 10% bounty in exchange for returning all funds. After Blockstream did not comply, they threatened that BTC holders would face a 15% loss unless their terms were met. Blockstream rejected the white-hat characterization, calling the incident theft. The company said responsible researchers disclose vulnerabilities and coordinate with affected teams, rather than draining funds and negotiating afterward. Blockstream added that it has engaged law enforcement and forensic specialists to pursue recovery of the remaining BTC through legal channels. At roughly $47 million, the unpaid ransom would have been one of the year's larger single exploit-related demands in crypto. Liquid Network, launched in 2018, is a federated Bitcoin sidechain built for faster settlement and confidential transactions, used primarily by exchanges and institutional traders. Its model relies on a consortium of functionaries that jointly manage the peg between Bitcoin and LBTC.

Blockstream said it will not pay a ransom to recover bitcoin stolen in the Liquid Network exploit, dismissing the attackers' attempt to portray themselves as white hats. "Taking assets without authorization and withholding their return is a crime, not responsible disclosure. It is not whitehat activity. It is theft," the company said. Blockstream said it has engaged in good faith with those currently holding the bitcoin in an effort to recover stolen user funds, but will not meet their demands or set a precedent of paying ransoms tied to exploits of open-source software. If the remaining funds are not returned, Blockstream said it will work with law enforcement, exchanges, service providers, forensic specialists and the broader Bitcoin community to trace the assets and identify those responsible. Its message to the holders of the bitcoin: "Return the bitcoin."

Source: Frederik Theissen, Glassnode | Compiled by Su Di Xia @ Odaily Planet Daily Bitcoin has outperformed major equity benchmarks over the past month, but on-chain and market-structure signals continue to cluster around a key resistance zone near $83,000–$86,000. Over the last 21 trading days, Bitcoin gained 23%, topping seven tracked asset classes. In the same period, the S&P 500 and Nasdaq 100 were essentially flat, while the Euro Stoxx 50 fell. Year to date, the picture still favors traditional risk assets: Bitcoin remains down 10% since January, the S&P 500 is up 13%, and crude oil leads the pack. Macro backdrop: yields stay tight while inflation cools Bitcoin's rebound is unfolding against a restrictive bond-market backdrop. The U.S. 10-year Treasury yield closed at 4.8%, near a two-year high, and the 2-year yield sits about 63 basis points above the federal funds target rate of 3.75%, signaling continued market pricing for tighter policy. Inflation data has moved the other way. U.S. core inflation has eased to 2.5%, a two-year low, while inflation expectations are at 3.6%, producing the widest gap between reported data and household expectations in three years. With yields at cycle highs and core inflation cooling, the next key tests are the August CPI release on September 11, 2026, and the FOMC decision on September 16, 2026. Where the ceiling shows up: three independent lenses 1) Long-term holder cost basis: heavy supply at $83,000–$86,000 Spot price set a local high on September 3, 2026, exceeding August's peak, but stopped about 1.5% below the lower bound of the $83,000–$86,000 resistance band before consolidating just under $80,000. Glassnode's Long-Term Holder Cost Basis Distribution highlights why the zone matters. Roughly 1.07 million BTC were acquired between $83,000 and $86,000, overwhelmingly by long-term holders, with the largest concentration near $85,000. That block has barely changed over the past 30 days. Beneath it, positioning has evolved: supply bought around $76,000–$82,000 (mainly newer holders) has increased, while the $62,000–$65,000 accumulation base has thinned as coins purchased there rotated out. In effect, the market rebuilt support directly below spot while leaving the overhead ceiling intact. 2) Futures liquidation heatmap: shorts stack between $82,000 and $86,000 Derivatives positioning points to the same area. On the BTC Futures Liquidation Heatmap, the short-liquidation zone from $82,000 to $86,000 has expanded 21% since the August 19, 2026 short squeeze, even as the overall map contracted by about one-third. Simulated liquidation volume in this band is near the highest level ever shown on this model. Below spot, a long-liquidation cluster between $60,000 and $63,000 remains in place. A sustained move above $86,000 would likely trigger the densest short-liquidation pocket; a break below $63,000 would begin to unwind the long side. 3) U.S. spot Bitcoin ETFs: breakeven near $86,000 A third reference point aligns with the same level. Based on the aggregate cost basis of BTC created since launch, the U.S. spot Bitcoin ETF complex has a breakeven near $86,000. It has closed below that mark for 228 straight trading days. Paper losses peaked around $18 billion on February 5, 2026, and have narrowed to roughly $3.9 billion with the latest rally, the closest to breakeven since January. In addition, the enterprise treasury breakeven is estimated near $80,500, slightly below spot. In Glassnode's cost-basis tracking, five entities sit above current price, ranging from the True Market Mean of $76,600 up to the ETF breakeven at $86,000. Reclaiming $86,000 would put the largest institutional holders back in profit for the first time this year. Selling remains muted near highs Despite the push toward resistance, supply has not meaningfully emerged. The Sell-Side Risk Ratio (realized profits plus realized losses relative to Realized Cap) has fallen to 7 basis points on a seven-day basis, less than half August's 16-basis-point peak. At prior highs in July 2025 and October 2025, the same measure jumped to 35 and 23 basis points. The share of long-term holders in realized profits has dropped to 47% from an August peak of 88%. The realized-profit spike on September 3, 2026, was less than half the size of August's. Recent buyers are the primary sellers, and even they appear to be dialing back. A move back above 16 basis points would suggest August-scale selling pressure has returned; until then, spot markets look short on willing sellers at these levels. Cycle positioning: bottom signal fades, but no altcoin blow-off Market Compass cycle indicators suggest the market has exited deep value territory without flipping into a broadly expensive regime. The share of 45 indicators in the "coldest" zone peaked at 82% during the week of June 29, 2026, and stayed above the long-term median for 41 consecutive weeks, the strongest bottom-signal convergence of this cycle. That signal has largely faded: the latest complete week shows the cold share down to 2%. Even so, the panel has not swung to the other extreme. About three-quarters of indicators remain below their own historical midpoints, and there have been 43 straight weeks without a majority above 50. The takeaway: value conditions have been repaired, but the market has not yet moved into a clearly overheated zone. A majority reading above 50 would be the cleanest confirmation of a cycle shift. Altcoins have risen in dollar terms, and the altcoin market cap is up 21% this month, but they have not taken share from Bitcoin the way they often do near major tops. Historically, three of four marked Bitcoin peaks were preceded by a 90-day increase in altcoin share of at least 2.8 percentage points (December 2017 was the exception). Today, the 90-day change in altcoin share is negative at 0.9 percentage points. The move appears broad-based with large caps leading, rather than a late-cycle rotation down the risk curve. What to watch next Bitcoin is consolidating below a resistance band corroborated by three independent measures: long-term holder cost bases, futures liquidation positioning, and the U.S. spot ETF complex's breakeven, all clustered between $83,000 and $86,000. The setup resembles a range with repaired support and an overhead ceiling that has not been decisively tested. A sustained close above $86,000, paired with a continued low Sell-Side Risk Ratio, would signal the ceiling has been absorbed. The thesis weakens if selling pressure returns (risk ratio rising above 16 basis points) or if price breaks down into and through the $62,000–$65,000 support zone. Data notes: On-chain metrics, prices, and derivatives data as of September 7, 2026; ETF flows as of September 4, 2026; Market Compass dashboard as of the week ending September 7, 2026. Recent daily data may be revised. Disclaimer: This report is for informational and educational purposes only and does not constitute investment advice. You are solely responsible for your investment decisions. Exchange balances are derived from Glassnode's address-labeling database, which combines officially disclosed exchange addresses with proprietary clustering. Figures may not fully capture exchange reserves where official addresses are not disclosed. Glassnode assumes no responsibility for discrepancies or inaccuracies.

Whale address "0xedcd", which went long $ETH ahead of the recent rally and reportedly netted more than $10 million, has now turned bearish on $BTC. The wallet opened a 4x short position on 640 $BTC, worth about $49.33 million.