Bitcoin Surges Past $71,000, Ethereum Surges Past $2,100

According to TradingBeats' monitoring, Ethereum (ETH) is trading at around $2,656.9. Five million-dollar-level long positions total approximately $32.129 million, with liquidation prices clustered between $2,613.9 and $2,631.6, just 0.95% to 1.62% lower than the current price. The nearest liquidation range sits between $2,628.59 and $2,631.62, covering three whales with a combined long position of about $8.868 million, 0.95% to 1.07% from the current price (addresses: 0xb1da, 0xdbbd, 0xd83c). Below that, around $2,622.42, another long position of roughly $3.055 million faces liquidation risk, 1.30% lower than the current price (address: 0x0884). The largest single liquidation threshold is at $2,613.89, corresponding to a long position of about $20.205 million, accounting for 62.9% of the total positions of the five addresses, 1.62% from the current price (address: 0xcd98). This largest position has an average entry price of $2,656.42, almost identical to the current price, currently holding a small unrealized profit of around $3,604, and only about $43 away from its estimated liquidation line. Additionally, crypto personality "Maji" (Huang Licheng) currently holds $95 million worth of ETH long positions, with a liquidation price of $2,555 and an unrealized loss of $624,000. He previously planned to take profit above $2,670.

According to an official announcement, Binance will support two airdrop programs: SpaceX (SPCXB)’s airdrop for MarsCoin (MARSCOIN) holders, and Invesco QQQ Trust (QQQB)’s airdrop for Niulai holders. The rewards consist of two parts: 1. On-chain airdrop rewards: Binance will distribute SPCXB and QQQB tokens allocated on-chain by the respective project teams to MARSCOIN and Niulai holders respectively. 2. Platform rewards: Binance will allocate 30% of the spot trading fees for MARSCOIN and Niulai as additional platform rewards, distributed in SPCXB and QQQB to MARSCOIN and Niulai holders respectively, until further notice. Regarding snapshots: Binance will take a random snapshot once per calendar day each month. Only daily positions exceeding 10,000 units count as valid holdings. Monthly valid holdings equal the sum of daily valid holdings in the month, and rewards are distributed proportionally based on each user’s valid holdings relative to the total valid holdings of all eligible users, calculated separately for each token. Snapshots cover positions and liabilities in spot, funding, margin, and Simple Earn flexible accounts, excluding undistributed interest, pending deposits/withdrawals, and Binance Alpha positions. Margin or crypto loan liabilities are ineligible; users with net liabilities must return an equivalent amount of airdropped tokens. Eligible holdings are counted starting from September 2026, with the first distribution in early October 2026. Both reward components will be fully disbursed by the start of the month following each monthly cycle. Users can view their records via Binance’s Airdrop Portal.

According to TradingBeats monitoring, Hyperliquid’s gold contract (GOLD) is trading at approximately $4,196.7, down about 1.95% in 24 hours; the silver contract (SILVER) stands at around $62.07, down roughly 3.21%. During the market pullback, some whales continue adding to long positions, while others hold plans to buy at lower price levels. For silver, two whales have cumulatively added ~$28.95 million in long positions today, bringing their total long positions to ~$47.028 million, with an unrealized loss of ~$902,000. Their average entry price is concentrated between $63.12 and $63.41 (addresses: 0xdfb6, 0x044a). The liquidation prices of these two long positions are nearly identical at $60.18 each, about 3.0% away from the current price. The next lower buying zone lies between $59.68 and $59.74, roughly 3.8% below the current price, covering 26 ordinary limit buy orders totaling ~$4.085 million. The order holder currently holds no silver positions; these orders were set on September 24 and remain active (address: 0x40f2). If silver continues to decline, it will first approach the liquidation lines of the two whales before entering the limit order buying zone. For gold, only two whales have cumulatively added ~$2.733 million in long positions today, bringing their total long positions to ~$4.285 million, with an average entry price concentrated between $4,265 and $4,275.5, and a total unrealized loss of ~$75,000 (addresses: 0x3678, 0x24fb).

According to Bitget market data, the Hong Kong-listed optical communications sector continued to decline in the afternoon session. Yangtze Optical Fibre and Cable (YOFC) fell more than 15%, while Zhongji Innolight and Cambridge Technology dropped over 10%.

BNP Paribas strategist Chi Lo stated that despite market expectations of two additional interest rate hikes, a September rate increase by the Federal Reserve is unlikely to trigger a new tightening cycle similar to the 2022-2023 period. Instead, this move may signal the start of "preemptive rate hikes" designed to reverse last year’s three rate cuts and bring inflation back to the target level. He added that further hikes will not resolve external shocks such as the ongoing war and energy price inflation, but will ease financial market concerns over the Fed’s credibility in curbing inflation. The Federal Reserve cannot turn a blind eye to recurring shocks or those that fail to subside as anticipated. However, by suppressing inflationary pressures through slowing activity in other sectors of the economy, additional rate hikes could also risk pushing the economy into stagflation.

Mitsubishi UFJ Morgan Stanley Securities has brought forward its forecasts for the Bank of Japan (BOJ)’s interest rate hikes, shifting the timeline from the prior projections of January and June 2027 to December 2026 and April 2027. The brokerage’s analysts stated in a report: “As market expectations of further Federal Reserve rate hikes heat up, the BOJ’s pace of adjusting its monetary policy support may accelerate.” Minutes from the BOJ’s July policy meeting, released Monday, showed one policy board member noted that given core inflation is approaching 2% and greater focus should be placed on upside price risks than before, the pace of rate hikes could outpace market expectations.