September 07, 2026 at 4:12 PM
Bitcoin was consolidating around $78,000–$80,000 heading into Monday, September 7, 2026, having just closed its best month of 2026 — up roughly 24% in August.
Reports emerged that Iran and the US were inching closer to a deal (via Pakistani mediators) to reopen the Strait of Hormuz and end the war.
Iran has provided the US a new proposal for reaching a deal on the reopening of the Strait of Hormuz and ending the war, per Axios.
That pump got brutally rejected — dropping ~$2,000 in about an hour. Most altcoins followed suit.
Strong US Jobs Data — August NFP came in at 162,000 vs ~53,000–170,000 expected. The economy shattered forecasts by adding jobs while keeping unemployment anchored at 4.1%.
Fed Rate Hike Fears — The strong employment data revived bets on a September Fed rate hike:
ETF Outflows — US spot Bitcoin ETFs recorded $169.97M in outflows on September 6, though the prior two days had ~$905M in inflows.
Liquidation Cascade — $275M+ in liquidations on a daily scale, with the lion's share in the past 6 hours. Most were long positions caught on the wrong side.
Treasury Buyback — The US Treasury kicked off its $14.5B weekly debt buyback program on Sept 7, with the largest tranche scheduled for Sept 9. This is injecting fresh liquidity into markets.
ETF Inflows — Over the three days leading up to Sept 7, spot Bitcoin ETFs recorded net inflows totaling ~$1.01B. Sept 3 alone saw $730.8M — the largest single-day figure since January.
Morgan Creek CIO — Mark Yusko reallocated ~50% of his net worth into Bitcoin-related assets on Sept 6, divesting most of his Solana holdings.
| Level | Implication |
|---|---|
| $78,600 | Recent dip low; key support zone |
| $80,143 | Current spot; consolidation point |
| $81,300 | Resistance from recent high |
| $126,080 | All-time high; long-term target |
Written by AI for informational purposes only. Not financial advice. Do your own research.