Renowned trader: Bitcoin has successively digested interest rate hikes and the setback of the 'CLARITY Act', and the market trend may have shifted.

According to Coinglass data, Coinbase’s Bitcoin Premium Index has turned negative again, now standing at -0.0198% (compared to 0.0013% yesterday), as buying sentiment in the U.S. market has slumped once more. BlockBeats Note: The Coinbase Bitcoin Premium Index measures the gap between Bitcoin prices on Coinbase, a leading U.S. crypto exchange, and the global average market price. It is a key indicator for monitoring U.S. market capital flows, institutional investment activity, and shifts in market sentiment. A positive premium indicates Coinbase’s Bitcoin price is higher than the global average, typically signaling strong buying demand in the U.S. market, active inflows of institutional or compliant capital, ample U.S. dollar liquidity, and generally optimistic investment sentiment. A negative premium means Coinbase’s Bitcoin price is lower than the global average, usually reflecting heavy selling pressure in the U.S. market, declining investor risk appetite, rising market risk aversion, or capital outflows.

U.S. Treasury Secretary Scott Bessent stated that the U.S. dollar remains on one side of 89.2% of global foreign exchange transactions, foreign investors continue to hold large amounts of U.S. assets, and major stablecoins are also denominated in U.S. dollars—relevant data does not support the claim that capital is fleeing the U.S. Bessent said the U.S. Treasury’s repurchase of Treasury bonds aims to increase market liquidity and manage the debt maturity structure, not to control the $30+ trillion U.S. Treasury market. If investors were truly unwilling to buy U.S. Treasuries, actual bid data would reflect that, but demand for U.S. assets from foreign funds remains strong. Norway is merely shifting some of its U.S. Treasury allocations to agency debt, and its holdings still fall under U.S. assets; the Netherlands repatriating gold from North American regions including New York and Ottawa reflects its preference for domestic asset custody. The Federal Reserve Bank of Atlanta projects the U.S. real GDP annualized growth rate for the third quarter to be 5.1%. The latest data also shows continued employment growth, sustained expansion in corporate investment and capital expenditure, with equipment investment in the second quarter of 2026 rising nearly 20% compared to the end of the Biden administration. Bessent criticized The New York Times for selectively ignoring data that contradicts its narrative, adding that complex financial realities should not be oversimplified to serve pre-established positions.

US President Trump said he may be open to meeting with the Iranian President, noting that some major events could happen in the near future. (Jinshi)

Strategy founder Michael Saylor has once again shared updates on the company’s Bitcoin tracker, stating, “A little more orange.” Following past patterns, the orange dots denote Strategy’s Bitcoin purchase records, so this move likely signals the firm will add to its BTC holdings. Strategy typically discloses changes in its Bitcoin holdings the day after such announcements.

Beating AI News: Qwen releases Qwen-Image-2.1 and makes its model weights available. The new model integrates text-to-image and image editing capabilities into a single architecture, with its visual generation component boasting only 7 billion parameters, while natively supporting 2K-resolution images and transparent-background assets. Editing capabilities are the key highlight of this update. Qwen-Image-2.1 can accept up to 10 reference images at once, enabling users to recombine multiple characters or products into a single image. For local edits, users can directly select areas, paint, or provide masks, eliminating the need to run a separate editing model. It can also directly generate RGBA images with alpha channels, meaning the model outputs transparent-background assets natively, and can extract subjects from photos. Diffusers, ComfyUI, vLLM-Omni, and SGLang were all integrated on launch day, so local workflows don’t need to wait for slow third-party adaptations. However, the "open-source" tag here requires a caveat: while the weights are publicly available, they are licensed under the Qwen Research License, which permits non-commercial research and evaluation only; commercial use requires separate authorization from Qwen.

Prominent crypto trader Doctor Profit said Bitcoin has broken above its 50-week moving average (MA50), which currently sits at around $78,700. If Bitcoin closes above this level for the week, he will view it as confirmation that a new bull market has begun. Current price action mirrors the pattern seen between 2022 and 2023: Bitcoin reclaimed the MA50 after weeks of resistance and a "bear trap". He noted that historically, Bitcoin has fallen below and then reclaimed the MA50 seven times; five of those instances preceded bull markets, while the other two resulted in false breakouts in 2011 and 2020 respectively. He added that Bitcoin is currently trading in the $71,000 to $82,000 range, and a breakout above the $82,500 to $83,000 zone would provide stronger confirmation. A return above the MA50 suggests such a breakout could occur in the coming days. His personal trading strategy remains unchanged: he will continue holding spot Bitcoin, with a target of $88,000 once remaining resistance is broken.