{
  "id": 5011398,
  "title": "Can Bitcoin defend the critical US$76,500 foundation zone before the September 11 inflation data triggers another massive liquidation cascade?",
  "url": "https://urgent.news/2026/09/02/can-bitcoin-defend-the-critical-us-76-500-foundation-zone-before-the",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T04:24:29.000Z",
  "source": {
    "name": "e27",
    "slug": "e27",
    "url": "https://e27.co/can-bitcoin-defend-the-critical-us76500-foundation-zone-before-the-september-11-inflation-data-triggers-another-massive-liquidation-cascade-20260902/"
  },
  "original_language": "en",
  "account": "Bitcoin is trading near US$77,500, encountering resistance around this level. Ethereum is also struggling, with the price of the cryptocurrency testing a crucial support at US$2,400. Both assets are under pressure from macroeconomic factors, particularly rising energy costs and inflation expectations. Institutional demand remains strong, with U.S. spot ETFs tracking a significant net inflow of US$216.7 million on September 1. This institutional buying provides a solid foundation for the market. High leverage amplifies volatility, with total perpetual open interest surging 18.72% in a single day before the sector reversed. This led to US$98.71 million in liquidations. Long positions were hit hardest, accounting for US$85.34 million in liquidations. Technical indicators suggest bearish short-term momentum, with Bitcoin testing the lower Bollinger Band near US$77,473 and the RSI at 40.85. To move the trend in favor of buyers, Bitcoin must reclaim the US$78,262 level. A failure to hold the US$76,500 to US$77,000 foundation zone could lead to a deeper drop toward US$75,000. Traders are awaiting key economic data, including the August employment report and September 11 inflation data, to gauge future monetary policy. Ethereum showed a more violent unwind, losing over US$70 million in long positions within an hour. The correlation between Bitcoin and Ethereum remains strong, highlighting their shared role as inflation hedges. The sector is currently facing a clash between resilient underlying demand and short-term economic headwinds.",
  "summary": "Bitcoin currently trades at US$77,374.70, down 1.73 per cent over the last 24 hours. Ethereum mirrors this weakness, sitting at US$2,418.53 after a 2.14 per cent decline. I view this synchronised pullback as a necessary sector correction rather than a fundamental breakdown. Institutional demand remains remarkably robust beneath the surface. Traditional financial pressures currently dictate […]…",
  "key_points": [
    "Bitcoin near US$77,500 faces resistance, struggling alongside Ethereum",
    "Institutional demand strong with US$216.7 million net inflow on September 1",
    "Bitcoin must reclaim US$78,262 to stabilize foundation zone before inflation data"
  ],
  "editors_take": "Resilient institutional demand provides a foundation for Bitcoin and Ethereum, but short-term economic headwinds, including rising energy costs and impending inflation data, threaten to undermine market gains.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "US Dollar: August inflation key to September Fed decision - Commerzbank",
        "url": "https://urgent.news/2026/09/02/us-dollar-august-inflation-key-to-september-fed-decision-commerzbank",
        "published": "2026-09-02T06:30:15.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}