#BTC跌破8万美元 BTC Reclaims $80k Over the Weekend: Short Covering Pushes Prices Higher
The strong jobs report (162k new jobs vs. 56k expected) knocked Bitcoin from above $82k back below $80k, but over the following weekend, the market did not continue lower: After forming a low-volume base in the $79,800–$80,100 range, the price climbed back above the round $80k mark on Sunday evening. As of this morning’s Asia-Pacific open, BTC is consolidating narrowly above $80k, with the battle between bulls and bears shifting from “losing the level” to “offense and defense.”
The quality of this rebound warrants closer examination: Data shows that approximately $160 million in leveraged positions across the market were liquidated over the past 24 hours, with short liquidations clearly dominant—the primary force pushing prices higher was forced short covering, rather than a large influx of new spot buying. This is corroborated by the cooling on the ETF side: Net inflows into spot Bitcoin ETFs plunged 76.1% in a single day, with only the two giants, BlackRock and Fidelity, continuing to see inflows.
From a positioning perspective, the $80k area has simultaneously attracted “spot buying after the nonfarm-payrolls downside catalyst was exhausted” and “technical support formed by dense resting orders,” leading bulls and bears to repeatedly exchange positions there in the short term. The liquidation walls around $81k and $82k (the September 4 high) will determine whether this recovery continues or reverses.
CPI Decisive Week: Labor Day Compresses Trading Sessions, 30Y at 5.25% Raises the Stakes for the Inflation Report
The U.S. August CPI report due this Friday (9/11) is the last major inflation report before the 9/15–16 FOMC meeting and has effectively become the sole basis for deciding whether to raise rates.
This week’s calendar has an unusual structure: U.S. markets will be closed on Monday (9/7) for Labor Day, leaving U.S. stocks and Treasuries with only four full trading sessions this week. The window for markets to digest the CPI and incorporate it into FOMC pricing will be compressed further after its release, potentially amplifying volatility before and after the data. Long-end yields are raising the difficulty of this test.
South Korean media outlet TokenPost noted this morning that the U.S. 30-year Treasury yield has risen to around 5.25%, a multi-year high. While short-term yields have stabilized on expectations of “standing pat,” the long end is pricing in more persistent inflation and supply pressures. The steepening of the yield curve itself represents the market voting for “higher rates for longer.” Earlier comments by Fed Governor Waller have also been reinterpreted by the market following the strong jobs report: His preference to stand pat in September is premised on continued signs of easing inflation; if CPI rebounds, he will support a rate hike.
For crypto assets, the market’s pricing logic this week is therefore exceptionally clear: CPI below expectations would cement the “stand pat” outlook and ease pressure on risk assets; a hotter-than-expected CPI would boost rate-hike bets, putting the battle around $80k under renewed pressure. Before the data is released, the market will likely remain in low-volume wait-and-see mode.$BTC
The strong jobs report (162k new jobs vs. 56k expected) knocked Bitcoin from above $82k back below $80k, but over the following weekend, the market did not continue lower: After forming a low-volume base in the $79,800–$80,100 range, the price climbed back above the round $80k mark on Sunday evening. As of this morning’s Asia-Pacific open, BTC is consolidating narrowly above $80k, with the battle between bulls and bears shifting from “losing the level” to “offense and defense.”
The quality of this rebound warrants closer examination: Data shows that approximately $160 million in leveraged positions across the market were liquidated over the past 24 hours, with short liquidations clearly dominant—the primary force pushing prices higher was forced short covering, rather than a large influx of new spot buying. This is corroborated by the cooling on the ETF side: Net inflows into spot Bitcoin ETFs plunged 76.1% in a single day, with only the two giants, BlackRock and Fidelity, continuing to see inflows.
From a positioning perspective, the $80k area has simultaneously attracted “spot buying after the nonfarm-payrolls downside catalyst was exhausted” and “technical support formed by dense resting orders,” leading bulls and bears to repeatedly exchange positions there in the short term. The liquidation walls around $81k and $82k (the September 4 high) will determine whether this recovery continues or reverses.
CPI Decisive Week: Labor Day Compresses Trading Sessions, 30Y at 5.25% Raises the Stakes for the Inflation Report
The U.S. August CPI report due this Friday (9/11) is the last major inflation report before the 9/15–16 FOMC meeting and has effectively become the sole basis for deciding whether to raise rates.
This week’s calendar has an unusual structure: U.S. markets will be closed on Monday (9/7) for Labor Day, leaving U.S. stocks and Treasuries with only four full trading sessions this week. The window for markets to digest the CPI and incorporate it into FOMC pricing will be compressed further after its release, potentially amplifying volatility before and after the data. Long-end yields are raising the difficulty of this test.
South Korean media outlet TokenPost noted this morning that the U.S. 30-year Treasury yield has risen to around 5.25%, a multi-year high. While short-term yields have stabilized on expectations of “standing pat,” the long end is pricing in more persistent inflation and supply pressures. The steepening of the yield curve itself represents the market voting for “higher rates for longer.” Earlier comments by Fed Governor Waller have also been reinterpreted by the market following the strong jobs report: His preference to stand pat in September is premised on continued signs of easing inflation; if CPI rebounds, he will support a rate hike.
For crypto assets, the market’s pricing logic this week is therefore exceptionally clear: CPI below expectations would cement the “stand pat” outlook and ease pressure on risk assets; a hotter-than-expected CPI would boost rate-hike bets, putting the battle around $80k under renewed pressure. Before the data is released, the market will likely remain in low-volume wait-and-see mode.$BTC
