Overview
- Bitcoin fell below $77,000 over the weekend and is trading in the mid-to-high $77k range after a dip into the mid-$76k levels.
- U.S. spot Bitcoin ETFs recorded roughly $462.7M–$463M in net outflows for the Sep. 8–11 week, reversing recent inflow streaks and weighing on demand.
- An on‑chain sentiment measure tracked by CryptoQuant’s Darkfost briefly topped 89 out of 100 before cooling, a level Darkfost links to potential turning points.
- Analysts say Bitcoin must reclaim the 365‑day moving average near $81,700 to confirm broader bullish momentum, with $83k cited as the next upside target.
- Markets are watching the Fed meeting on Sept. 15–16 and a Senate procedural vote on the CLARITY Act on Sept. 15 as near‑term catalysts that could shift flows and price direction.