🌙 Evening Brief: Markets Brace for "Septembear," Treasuries Load Up
From Septembear jitters to billion-dollar crypto treasuries, markets weigh seasonal weakness against unprecedented institutional demand.
💬 Quote of the Day
"Don’t sell your Bitcoin. It’s going to be very hard to get it back." – Eric Weiss
🟠 Bitcoin Price Action
Bitcoin enters September with a familiar headwind: the so-called “Septembear” effect. Historically weak performance in this month has traders cautious, with analysts eyeing the possibility of a dip below $95K. A looming “triple death cross” pattern has only added to the unease. Still, macro forces could surprise—some believe the Federal Reserve’s anticipated rate cut could revive the basis trade and spark a fresh leg of demand.
⚡ Bitcoin Adoption
Adoption trends remain complex. Long-term holders unloaded 97,000 BTC in a single day—one of the largest one-day sales on record. At the same time, innovation continues, with Cashu showcasing the ability to send Bitcoin payments offline.
💼 Corporate Treasuries
Corporate treasury activity is surging:
Hyperscale Data plans to raise $145M for a Bitcoin purchase.
Strategy added another $449M in BTC, lifting August’s tally to 7,700 coins.
SharpLink boosted ETH holdings by $177M.
BitMine Immersion now holds 1.86M ETH worth $8.1B, with $623M cash reserved for more.
Ether Machine raised $654M in ETH financing ahead of a Nasdaq listing.
Meanwhile, CleanCore set up a Dogecoin treasury, but shares sank 60% on the news.
🌐 Ethereum Market Moves
Ethereum is also swirling with volatility:
Analysts warn of a September correction toward $3,500.
Whales scooped up 260K ETH, fueling $5K recovery hopes.
Binance order flow was cited as a driver of the latest rally.
Starknet suffered its second outage in two months.
The Ethereum Foundation sold 10K ETH to fund R&D, grants, and donations.
📊 ETFs & Institutions
Bitcoin ETPs now hold 7% of BTC’s maximum supply.
Coinbase announced a futures product tied to BlackRock’s Bitcoin ETF and leading tech stocks.
🏛 Regulations
In a rare show of unity, the SEC and CFTC joined forces to streamline spot crypto trading for registered firms—potentially clearing a path for faster institutional adoption.
🗣 Voices of the Day
David Bailey: Bitcoin could soar to $150K if key whales are broken.
Eric Peters: Middle East sovereign wealth funds will soon disclose large Bitcoin positions, calling BTC “the next global reserve asset.”
Eric Weiss: “Don’t sell your Bitcoin. It’s going to be very hard to get it back.”
❓ Question of the Day
Do you think September’s historical weakness in Bitcoin is just a self-fulfilling pattern — or will this year break the trend?
WHAT TO WATCH
LISTEN TO THIS!