1011 Insider Whale Agent: Bitcoin Holds a Key Support at $76,600, Optimistic Trend for the End of the Year
2026-09-03 19:43:06
According to CoinMeta, agents garrett and jin from 1011 Insider indicated in their latest weekly report that despite oil prices rising to around $95 this week, the yield on 10-year U.S. Treasury bonds breaking through 4.8%, and market expectations for a Fed interest rate hike in September increasing to about 70%, Bitcoin still managed to hold its key support at $76,600 and has now rebounded above $77,000. garrett pointed out that the range of $75,000 to $80,000 has formed a new cost base, providing stronger support for the market. If Bitcoin can close above $82,500 on a daily chart and then hold around $80,000 during subsequent pullbacks, it would be an important signal that the market is digesting selling pressure and will continue to strengthen. However, if the daily price falls below $76,600, and at the same time, at least two of the following factors weaken: ETF capital flow, Coinbase premium, and net profit/loss over 7 days, it would constitute a clearer downward warning. In terms of capital flows, U.S. spot Bitcoin saw a net inflow of about $3.5 billion in August, but in September, there was a two-way capital flow, with a net outflow of about $237 million on Tuesday. garrett believes that Bitcoin's ability to hold its key support despite increasing macroeconomic interest rate pressures indicates that recent spot demand is not entirely driven by a bearish market trend.
Source:Internet
This content is for market information only and does not constitute investment advice.
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