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Glassnode posted on platform X, stating that spot traders are turning to altcoins, and the total spot trading volume of altcoins has now approached nearly 4 times that of Bitcoin, reaching the highest level since September 2025.Glassnode pointed out that this rise in demand for high-risk assets has often coincided with phase tops of BTC in the past.

Trader degentrading (@degentradingLSD) pre-market analysis shows the following major signals in the current market:Macroeconomic Level: The 10Y yield has risen to 5.2%, and the 30Y has risen to 5.5%, approaching historical highs; the South Korean stock market opened down 2.5%, with the memory and semiconductor sectors (SK Hynix, Samsung, MU, SNDK) generally down 2% to 5%. It is expected that price movements will continue to fluctuate before MU's earnings report is released.New Cloud Computing: The investment payback period for computing projects is now less than a year, and market perceptions are changing. It is expected that the new cloud sector will undergo rapid revaluation, and the issue of power bottlenecks is also receiving increasing attention.Tech Stocks: META is weak pre-market, focusing on buying at the 690 support level or opportunities for breaking historical highs. If the large-scale data center sector breaks through as a whole, META, MSFT, and others will face paradigm-level repricing.Cryptocurrency Market: Mainstream coins and altcoins are generally weak, with BTC possibly testing the 82K support level; last week, TAO and DOGE were reduced, and CRDO was taken for profit to release risk capital. During the KBW period, crypto sentiment is usually somewhat positive, and this week's strategy focuses on finding short-term bullish opportunities.

The head of the U.S. and Canada Division of the Ministry of Commerce interprets the results of the eighth round of China-U.S. economic and trade consultations. Both China and the U.S. agree to establish a China-U.S. Trade Council under the China-U.S. economic and trade consultation mechanism, with the main task of optimizing bilateral trade. The economic and trade teams of both sides have reached a consensus on the council's tasks, structure, responsibilities, and consultation arrangements, which will be announced later.

According to on-chain analyst Ai Yi (@ai_9684xtpa), trader mk4 (@mk4_lul) currently holds the largest position on the Hyperliquid platform for $NEAR, with an open interest share of 7.68% and a current floating profit of 17.55 million dollars. They hold 5.838 million NEAR long positions with 10x leverage, with a position value of approximately 31.28 million dollars, an opening average price of 2.35 dollars, and the current price has risen to 5.36 dollars. NEAR has surged 187% this month, and mk4 opened the position at the beginning of September, having already realized about 128% of the increase. This position is also the only long position in their current holdings.

U.S. Treasury Secretary Steven Mnuchin stated that China and the United States have agreed to extend the trade truce agreement until January 10 of next year.Foreign Ministry spokesperson Geng Shuang suggested inquiring with the relevant Chinese authorities about the status of China-U.S. economic and trade consultations.

Famous trader Doctor Profit stated that he has increased his Bitcoin short position to 13 million dollars, expecting BTC to undergo a correction, with a target price of 79,000 dollars.He will decide the next steps based on price performance after Bitcoin reaches that level. He emphasized that this short position does not indicate a bearish outlook on the long-term trend. He believes the Bitcoin bear market has ended, and the current expectation is merely a phase adjustment within the bull market; after the correction ends, the Bitcoin bull market will continue.

According to Arkham monitoring, trader 0x344 established a BTC long position worth $105.39 million on Hyperliquid within two days, with a leverage of 20 times.This position once had an unrealized profit of $2.44 million yesterday, but as the BTC price retraced, the trader has closed all positions, ultimately realizing a profit of $176,600.

Bitget announced the successful conclusion of the 2026 King’s Cup Global Invitation Tournament (KCGI). This tournament centered around "UEX Panorama Competition" and for the first time integrated crypto contracts, TradFi contracts, and stock spot (rToken) into the same event system. During the tournament, a total of 83,529 traders and 1,476 teams from around the world competed based on performance and multi-track trading challenges, sharing a total prize pool valued at 3 million USD.As a core part of the event, the UEX Arena set up five major leaderboards for team earnings, trading volumes in various tracks, and individual earnings, with a prize pool reaching 2 million USDT. The UEX Treasure Map provided participating users with a chance to win a 100% winning treasure chest reward of up to 600,000 USDT through a task key and track fragment synthesis mechanism.In addition, this KCGI set up a special incentive of 100,000 USDT for team leaders and 200,000 USDT in early bird benefits, and after the conclusion of the tournament, a glory live stream lottery was held, offering multiple rewards such as KCGI limited merchandise, gold-plated footballs, and cash vouchers.

According to CCTV Finance, the global trade volume of AI-related products will reach 4.18 trillion USD by 2025, a year-on-year increase of 21.9%. With the rapid evolution of artificial intelligence and Agent capabilities, a batch of "portable" AI hardware is accelerating its entry into the consumer market.At the exhibition hall of the Yunqi Conference in Hangzhou, Zhejiang, many AI hardware products, from AI glasses to user-assembled AI DIY devices, no longer solely rely on smartphones. Instead, they synchronize voice, image, and other information around the user in real-time to the Agent, which autonomously breaks down tasks and completes execution. Global investment in AI infrastructure continues to increase, and Chinese technology companies are also making the latest arrangements around AI hardware, large models, and underlying computing power.

According to Onchain Lens monitoring, a certain Hyperliquid trader closed approximately 1,840 Ethereum (ETH) long positions, realizing a profit of about $775,000.This profit accounts for the vast majority of the cumulative $777,900 profit for that address.

According to the on-chain data platform Lookonchain, the address 0xc3ed has only conducted 4 transactions to date, all of which are long positions in BTC, with a win rate of 100%, accumulating a profit of 9.26 million dollars. The current BTC price is 86,409.9 dollars.

Renowned trader Killa updated his views on the recent rapid surge of Bitcoin, stating that the next target for Bitcoin could reach the $88,000 range; however, if it quickly falls below $80,000, it may test the low of $70,000. Based on volume analysis, this scenario is currently unlikely.Killa, a quantitative trader focused on BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on platform X. In mid-April, he shorted Bitcoin at $74,688 and switched to long during the market-wide decline on June 5.

U.S. Treasury Secretary Scott Bessenet told reporters after several hours of talks in New York with Chinese Vice Premier He Lifeng and other officials that the discussions were "very successful," covering topics such as artificial intelligence, trade, and investment. The talks took place on September 20 at JPMorgan Chase headquarters, occurring ahead of the summit this week between U.S. President Donald Trump and Chinese President Xi Jinping.Bessenet stated that both sides agreed to establish a dialogue on artificial intelligence, aimed at reaching a common understanding of goals and threats, and plan to meet again. Li Chenggang, China's representative for international trade negotiations at the Ministry of Commerce, said the atmosphere of the talks was good, and the working group would continue discussions on Monday.

On the morning of September 20, local time, the economic and trade teams of China and the United States began economic and trade consultations in New York, USA.

Renowned trader Killa stated, "The 'Everything is Priced In' chart records the major catalytic events in each cycle of Bitcoin, as well as the price performance after these events occur." He believes that during bear markets, negative news typically drives BTC to continue falling, leading traders to gradually form the habit of "shorting on bad news"; however, when the high time frame trend reverses, the same news may only cause temporary panic, after which Bitcoin absorbs the selling pressure and continues to rise.Recently, the market has experienced the Federal Reserve's interest rate hikes, the voting expectations for the CLARITY Act, and the failure to advance the act. At one point, the market viewed these events as reasons for Bitcoin to decline further, but BTC only briefly fell below the range's low point, quickly rebounding and showing strong resilience. Even when narratives related to a "Third World War" intensified, Bitcoin began to respond relatively positively to panic factors in terms of price. He believes this performance is a significant distinction between bull and bear markets: in a bear market, bad news drives prices down, while in a bull market, bad news may prompt traders to capitulate, after which prices continue to rise.Killa noted that the important catalyst confirming the continuation of the last cycle was the approval of the spot Bitcoin ETF, while a similar catalyst for this cycle may be the CLARITY Act. Bitcoin's recent ability to digest multiple pieces of bad news is an important basis for his judgment that the trend has already changed.

Renowned trader Doctor Profit posted on platform X, stating that Bitcoin has broken through the 50-week moving average (MA50) currently located at around $78,700. If it can maintain above this average by the end of the week, he will view this as a confirmation signal for the start of a new bull market. The current trend is similar to the structure from 2022 to 2023: Bitcoin has re-established itself above the 50-week average after being blocked for several weeks and experiencing a "bear trap."He pointed out that historically, Bitcoin has fallen below and then reclaimed the 50-week average 7 times, with 5 of those instances leading to a bull market, while the other two in 2011 and 2020 formed false breakouts. He noted that Bitcoin is currently still in the range of $71,000 to $82,000, and breaking through the $82,500 to $83,000 area would provide stronger confirmation; re-establishing above the 50-week average suggests that the aforementioned breakout may occur in the coming days. His personal strategy remains unchanged, as he will continue to hold spot positions and target $88,000 after overcoming the remaining resistance.