node

Glassnode indicates that Bitcoin is currently under supply pressure from long-term holders around the range of $83,000 to $85,000. However, investors are still accumulating Bitcoin in this area.If the price breaks below this newly formed concentration zone, $75,000 will become a key observation level; further declines could potentially pull back to around $60,000.

On-chain analysis platform Glassnode released a report stating that Bitcoin has risen 23% over the past 21 trading days, while the S&P 500 and Nasdaq 100 remained flat during the same period, but are still down 10% year-to-date. The cost basis of long-term holders, the futures liquidation map, and the breakeven point for the U.S. spot ETF all indicate upper resistance between $83,000 and $86,000, with the highest spot price approximately 1.5% below the bottom of that range, followed by a narrow consolidation below $80,000.Approximately 1.07 million Bitcoins were purchased by long-term holders in the $83,000 to $86,000 range, with the heaviest positions close to $85,000, and this block has remained nearly unchanged for the past 30 days. The selling pressure at the high point of the range is calculated at 7 basis points per day based on the selling risk ratio, which is less than half of August's peak of 16 basis points, and the profit realization ratio for long-term holders has dropped from 88% in August to 47%. The breakeven point for the U.S. spot ETF since its launch has been around $86,000, with the paper loss narrowing to approximately $3.9 billion.U.S. core inflation has fallen to a two-year low of 2.5%, with inflation expectations at 3.6%, marking the widest gap in three years; the 10-year U.S. Treasury yield closed at 4.8%, near a two-year high. The derivatives liquidation heatmap shows that the short liquidation shelf between $82,000 and $86,000 has increased by 21% since the squeeze on August 19.

According to CoinDesk, Glassnode data shows that Bitcoin wallet groups have collectively turned to net selling for the first time since early June. Bitcoin fell below $80,000 after being blocked at the key resistance level of $83,000. The current Glassnode accumulation trend score is 0.37, close to 0, indicating selling, led by whales holding over 1,000 BTC.In the previous three months, almost all groups were actively accumulating, with Bitcoin trading sideways around $60,000. Bitcoin is also facing resistance at approximately $79,687, the 50-week moving average. However, the 50-day moving average may cross above the 200-day moving average as early as Tuesday, forming a golden cross, providing an optimistic signal for bulls, which means Bitcoin may eventually break through the resistance zone.

According to on-chain analyst Yu Jin's monitoring, a "news trader" paid a bribe of 40.8 BNB (31,000 USD) in node bribes and Gas fees to front-run the purchase of Hakimi at the first second of the announcement of the Hakimi contract going live on Binance, subsequently selling for a profit of 378,000 USD.Analysis shows that the announcement of the Hakimi contract going live on Binance was made at 13:55:12. Within the first second, he paid a bribe of 35.3 BNB (26,800 USD) to the node BNB48 Club and used a smuggled RPC channel to front-run and buy 9.89 million Hakimi with 264.7 BNB (200,000 USD) at a price of 0.02 USD. He also paid a high Gas fee of 5.5 BNB (4,200 USD). Of course, the high bribe and Gas fees allowed him to buy at the very front, and then other traders bought after him, pushing up the price.

Glassnode released a report stating that a short squeeze in mid-August drove Bitcoin's rebound, breaking above $80,000 on August 27. However, the price subsequently encountered resistance in the long-term supply zone above and fell back to around $76,000, triggering a series of long liquidations. Currently, there is still a large amount of potential short liquidation positions clustered between $83,000 and $86,000, while the area between $60,000 and $63,000 contains an undigested long liquidation zone, with BTC positioned between the two.On-chain data shows that when Bitcoin traded around $78,000 in May this year, about 65% of the supply was in profit; by the end of August, when it returned to the same price level, that ratio had risen to 68%. The summer redistribution of chips pushed the cost basis of short-term holders to about $71,000, and the same price now would activate more profit-taking chips, increasing potential selling pressure. Considering the overall cost basis and chip distribution, the accumulation support zone is between $62,000 and $65,000, while the concentrated supply zone for long-term holders is between $83,000 and $86,000.The average net inflow of the U.S. Bitcoin spot ETF during the rebound peaked at $290 million per day over seven days, but the daily trading volume in the secondary market remained around $3 billion, significantly lower than during the previous expansion phase. Meanwhile, the yield on U.S. 10-year Treasury bonds briefly fell to 4.6% after the Treasury's repurchase announcement on August 19, but returned to 4.8% in just eight trading days, reaching a new high for this cycle, indicating that sovereign debt pressure is still affecting market valuations. In the options market, short-term optimism has cooled, while long-term options demand remains. The open interest for Deribit and IBIT options expiring on September 25 is about $14 billion, with a large number of positions concentrated above $80,000, which may become important volatility and position anchor points in the coming weeks. Before the supply above $83,000 to $86,000 is digested, BTC will continue to maintain range-bound fluctuations, with $62,000 to $65,000 being the main downward reference area.

On-chain data analysis platform Glassnode posted on X that Bitcoin and the stock market are decoupling, with the correlation between Bitcoin and the S&P 500 approaching a nearly two-year low.Glassnode stated that the close relationship with stocks that previously defined the recent downward trend is fading.

Recently, the AI computing power Token aggregation trading platform leapnode.net announced that it has received investment from the well-known cryptocurrency investment institution DraperDragon. This investment marks a strategic consensus between the two parties in the integration of AI and Web3, aiming to consolidate ecological resources, seize the wave of AI Agent development, and explore the new generation of AI-Web3 infrastructure market, fully reflecting the capital market's recognition of the opportunities and potential of this sector.LeapNode believes that the computing power Token aggregation trading platform for AI is equivalent to trading platforms for Web3. The platform first connects to over 200 cutting-edge AI models through a single API Key, with pricing at 10-30% of the official rates, service availability at 99.9%, and new models quickly launched within 48 hours. To lower the usage threshold, LeapNode has launched ready-to-use Web3 smart assistants and the Mystery Calculation Master, which have received numerous positive reviews, and introduced computing power boxes to allow users to participate in sharing platform profits. The project's vision is to connect models with user Agents and extend the A2A economy, providing support for autonomous payment settlement for AI agents and creating a core settlement layer for the AI Agent ecosystem.

Bitcoin News posted on the X platform that Core Lightning version 26.06.7 has been released, fixing multiple vulnerabilities disclosed responsibly over the past three weeks. The AI-generated security reports for the open-source Bitcoin project have recently increased, and specific vulnerability information will be kept confidential for two weeks to allow node operators to complete upgrades before the technical details and source code are disclosed.Developers warn that immediate disclosure of the fixes could allow attackers to reverse-engineer the vulnerabilities and subsequently attack nodes that have not yet been updated. All Core Lightning node operators should upgrade immediately. Currently, the Docker image is not available, and developers explicitly warn users not to wait for the Docker image.

Glassnode data shows that as BTC rebounds towards $80,000, the options market positions are clearly shifting towards a more positive outlook. The open interest in BTC options has risen back to nearly 550,000 BTC, and participation in the derivatives market is increasing again; the DVOL volatility index has rebounded to about 41, but it is still below the previous high volatility range of 50-60.Glassnode points out that the 25 Delta Skew across different maturities has significantly narrowed, with the short-term skew turning negative, indicating a decrease in demand for downside protection, and positions are leaning more towards a balanced or bullish direction. Currently, BTC is in a dense Gamma range of about $75,000 to $80,000, with recent capital flows concentrated at the $72,500 and $79,250 strike prices, where there has been a noticeable buying of call options, while demand for put options is relatively limited.

According to Glassnode data, the spot price is around $79,000, with the first significant cost-intensive zone located between $83,000 and $86,000, where there is a supply of approximately 1.05 million BTC held by long-term holders. This portion of chips has basically not been sold during the entire round of corrections and will become a key area to test whether "patient supply will sell near the break-even point."In the lower range of $62,000 to $65,000, there are about 1.44 million BTC, of which nearly two-thirds are held by recent buyers. Glassnode states that recent buyers are providing support, while long-term chips constitute the supply wall above. The cost basis for short-term holders is around $70,000.

According to The Block, Glassnode stated that $81,000 to $86,000 is the resistance wall between Bitcoin's current rebound and the January peak. Bitcoin has rebounded 26% since the August low.Glassnode pointed out that this round of Bitcoin's movement is supported by $2.23 billion in ETF inflows, continuous outflows from exchanges, and widespread accumulation among various wallet groups.

Core Lightning maintains that node operators should shut down their nodes unless they upgrade to an unreleased version. This warning was spread via Discord and amplified by Cashu protocol developer Calle, who stated that there is a serious vulnerability. The fix binary has not yet been released, and the details of the vulnerability are under a two-week confidentiality period.This is the fourth security alert for Bitcoin infrastructure in four weeks. Previously, a Coldcard firmware vulnerability led to approximately $114 million in BTC being stolen, and issues have also arisen with Boltz and BTCPay Server. The CLN team stated that they have received multiple AI-generated CVE reports in the past 10 days and are intensifying verification and fixes.

According to Glassnode analysis, Bitcoin has rebounded about 26% since the mid-August low, with a net inflow of $2.23 billion into U.S. spot Bitcoin ETFs during the same period, marking the strongest seven-day inflow of the year, with no single day of outflows. The amount of Bitcoin on exchanges has decreased, while various wallet sizes have simultaneously accumulated. The upcoming supply is concentrated in the $81,000 to $86,000 range, which overlaps with hotspot costs, re-listed sell orders, market maker gamma flips, and short liquidations.Glassnode states that this round of increases was ignited by the record short squeeze on August 19, with 85% of liquidations within the squeeze window being shorts, representing the largest single-day short liquidation since 2019 according to their statistical criteria. The open interest in futures has decreased by 11% in terms of coins, and the funding rate is close to neutral, indicating that the market is mainly driven by short stop-losses rather than new long leverage chasing the price up. Options pricing suggests that the market may maintain until late September, with attention on approximately $83,300 above and the $70,000 cost area and $62,000 to $65,000 support below.

Galaxy Research tweeted that its running Bitcoin Core v29 node observed an orphan block at block height 963,853. Relevant monitoring screenshots have been released.An orphan block typically refers to a valid block that was not adopted by the longest chain due to reasons such as network propagation delays or miners producing blocks almost simultaneously. This event was captured in real-time by the node of Galaxy Research and disclosed to the public.

According to analysis by Glassnode, the current altcoin market has entered an optimistic state, with approximately 85% of altcoin funding rates rising above their respective averages, marking the highest level for this metric since BTC was at historical highs.During the altcoin season, a similar funding rate environment may persist for several weeks.

The research director of Galaxy posted on the X platform stating that even with a high probability of witch nodes, the peak proportion of BIP-110 nodes is only about 20% of the entire network.He mentioned that it is quite ridiculous to see Mechanic and others so shocked by the failure of BIP-110; even accounting for this approximately 20%, its hash power proportion is still far from sufficient, the scale of hash power is very small, and the node proportion is only about one-fifth, still a long way from the target.

Glassnode stated that high-conviction buyers have been continuously accumulating BTC since January of this year, a similar accumulation behavior was observed in 2022. It is worth noting that in this cycle, the proportion of BTC purchased by these buyers has already surpassed that of the previous cycle.

Glassnode stated that the last time Bitcoin saw such a significant daily closing price increase was in February of this year, primarily as a rebound from the previous day's 14% drop.This increase is not due to a technical rebound after a crash; relative to its 30-day volatility, this increase reached 5.8 standard deviations, marking the largest upward volatility since October 2023.

Glassnode stated that the spot price of Bitcoin has fallen below the comprehensive cost basis of publicly disclosed Bitcoin reserve companies, with the proportion of companies in a loss state rising to about 80%.