Bitcoin Price Forecast: BTC Bullish Turnaround
2026-09-02 03:05:43
According to CoinMeta, the current trading price of Bitcoin is $78,593. Analyst James Wynn has shifted from a short position to a leveraged long position with a leverage of 1.86. This move follows the positive performance of US spot Bitcoin on August 31. Wynn, who previously held a short position of 1.33, has now increased their long position by 0.53. The new trade uses 30 times leverage, with a liquidation price of nearly $77,243. Bitcoin would need to fall by about 2% from around $79,000 to reach that threshold. Meanwhile, data from Sosovalue shows that on August 31, US spot Bitcoin attracted a total of $216.7 million in capital inflows, with a cumulative net inflow of $54.85 billion, of which Blackstone's contribution was $205.91 million.
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Source:The Coin Republic
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