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According to Gate market data, the three major U.S. stock index futures have collectively turned positive, with Dow futures up 0.03%, S&P 500 index futures up 0.06%, and Nasdaq 100 index futures up 0.16%.

Binance founder Zhao Changpeng stated during the podcast "When Shift Happens" that he remains bullish on Bitcoin but denies having the ability to influence the price of the entire crypto market. Previously, on August 19, when Bitcoin was around the $60,000 range, Zhao Changpeng posted that if one wants their future self to thank today's decisions in two years, immediate action is needed. This post was interpreted by the market as a hint to buy Bitcoin, and in the following days, the crypto market rose by about 20%.Zhao Changpeng responded that he does not have the ability to drive the entire market price. He stated that he has always been bullish on the crypto industry, and almost all of his posts have a bullish tendency, posting 5 to 10 times a day, so it is not surprising that one of his posts coincidentally appeared before positive news.Zhao Changpeng mentioned that about 5 hours after the post was published, Trump gave a relatively positive speech about the crypto industry, mentioning the push for Hyperliquid to enter the U.S. market, but he did not know the content of the speech in advance. He emphasized that if he had any information that could affect the market, he would not post about it. Therefore, the post and the subsequent market rise were merely a coincidence in timing.Regarding the Bitcoin cycle, Zhao Changpeng stated that the crypto market has roughly followed a four-year cycle to date. At that time, some speculated that Bitcoin might bottom out in October, but he believes there is no need to wait until October to express a bullish view.

Galaxy Research Director Alex Thorn posted on X: The U.S. spot Bitcoin ETP saw a net inflow of $1 billion yesterday, marking the largest single-day inflow of 2026 so far.Alex Thorn stated that this inflow has pushed the net flow positive for the first time since April this year. The accompanying image title is "Bitcoin ETF Fund Flow Turns Positive This Year."

According to Gate market data, the three major U.S. stock index futures have all turned positive, with Dow Jones index futures up 0.16%, S&P 500 index futures up 0.03%, and Nasdaq 100 index futures up 0.01%.

According to Gate market data, the Hong Kong Hang Seng Tech Index rose in the afternoon, turning positive, while the Hang Seng Index narrowed its decline to 0.44%. Technology and automotive stocks rebounded from their lows, with Sunny Optical Technology and Xiaomi Group both rising over 2%, and NIO, JD.com, Tencent Holdings, Meituan, and BYD Company all increasing by 1%.

CryptoQuant analyst Axel Adler Jr. pointed out that the 30-day average net flow of stablecoins turned positive for the first time on September 1 (+$13.85 million), ending a continuous net outflow of 113 days since May 11. However, this reading subsequently dropped to $11.66 million and $6.85 million over the next two days, a decrease of about 51%, indicating that positive momentum is weakening.Meanwhile, the stablecoin supply ratio has retreated from its peak on August 26, and three oscillation indicators remain above zero, suggesting a recovery in relative purchasing power but still below recent norms. Analysts state that the current signals are better interpreted as the end of the net outflow state rather than confirming sustained inflows. The net flow of stablecoins is no longer clearly negative, and the SSR (stablecoin supply ratio) has retreated from recent highs, but neither indicator has confirmed a continued expansion of liquidity.A comprehensive liquidity reversal requires sustained positive net flows from exchanges and an expansion of those flows, while the SSR oscillation indicators continue to decline into neutral territory. Currently, only the first phase transition from outflow to a more balanced state has been completed, with the main risk being a return to negative net flows.

Bitcoin has reappeared with a "kimchi premium" in the South Korean market. The price of Bitcoin in Korean won on South Korea's largest cryptocurrency exchange, Upbit, is about 1% higher than the price in US dollars on Binance. This premium has persisted for a week, marking the longest duration since early May.At the beginning of September, Bitcoin's price was around $79,000, having briefly surpassed $80,000 in August. The net inflow into US spot Bitcoin ETFs was approximately $1.92 billion in the week of August 17, setting a new weekly high for the past 10 months; by the end of August, another $923 million flowed in.Data from Upbit shows that for most of this summer, Bitcoin was trading at a discount in the South Korean market compared to international prices, with the discount reaching 3.1% in early June and an average discount of 0.25% in August. 10x Research indicates that while the Korean premium has turned positive, spot trading volume has not increased in tandem.

According to Coinglass data, the Coinbase Bitcoin premium index has turned positive again, currently reported at 0.005% (yesterday it was -0.0086%), and buying sentiment in the U.S. market is beginning to warm up.The Coinbase Bitcoin premium index is used to measure the difference between the Bitcoin price on Coinbase (a mainstream trading platform in the U.S.) and the global market average price. This index is an important indicator for observing the flow of funds in the U.S. market, the enthusiasm of institutional investors, and changes in market sentiment. A positive premium indicates that the Coinbase price is higher than the global average price, which usually means: strong buying in the U.S. market, active entry of institutional or compliant funds, ample dollar liquidity, and optimistic investment sentiment. A negative premium indicates that the Coinbase price is lower than the global average price, which typically reflects: significant selling pressure in the U.S. market, decreased risk appetite among investors, increased market risk aversion, or capital outflow.

Glassnode data shows that as BTC rebounds towards $80,000, the options market positions are clearly shifting towards a more positive outlook. The open interest in BTC options has risen back to nearly 550,000 BTC, and participation in the derivatives market is increasing again; the DVOL volatility index has rebounded to about 41, but it is still below the previous high volatility range of 50-60.Glassnode points out that the 25 Delta Skew across different maturities has significantly narrowed, with the short-term skew turning negative, indicating a decrease in demand for downside protection, and positions are leaning more towards a balanced or bullish direction. Currently, BTC is in a dense Gamma range of about $75,000 to $80,000, with recent capital flows concentrated at the $72,500 and $79,250 strike prices, where there has been a noticeable buying of call options, while demand for put options is relatively limited.

The "Realized Cap Impulse" indicator for Bitcoin has recently ended a continuous 93-day negative state and has turned positive for the first time, marking the longest reversal signal after a capital contraction cycle since the bear market of 2022.This indicator measures the momentum of changes in the realized market capitalization by tracking the changes in realized cap, combined with factors of Bitcoin supply and price, to assess whether the flow of tokens with actual economic significance in the market is driving capital base expansion. The positive shift in the indicator does not merely reflect a price increase but indicates that the flow of funds within the Bitcoin network is changing.Data shows that the indicator broke above the zero axis on August 20 when the BTC price was around $73,000 and has maintained positive values for 8 consecutive days. Currently, the BTC price has risen to about $78,900, an increase of approximately 8% during this period.As of the latest, the indicator reading is 0.198, below the peak of 0.226 reached on August 26. Historical data indicates that similar signals at the end of bear markets have been accompanied by significant rebounds in Bitcoin: after the indicator turned positive in September 2015, Bitcoin rose about 160% within a year; after March 2019, it increased about 173% in 90 days; and after January 2023, it rose about 45% in 90 days, with a yearly increase of 104%.However, the realized cap momentum indicator is not an absolute signal of a cycle bottom. Similar positive shifts occurred in early 2018 and 2022, but the market did not immediately enter a sustained upward phase afterward. Analysts believe that the indicator's continued positive value, confirmed by price trends, is more valuable than a single-day breakthrough above the zero axis.

According to Gate market data, the S&P 500 Index and the Nasdaq 100 Index have turned positive.

CryptoQuant analyst Axel Adler Jr. stated that the on-chain capital flow of Bitcoin showed directional improvement in the second half of August. The realized market cap relative net position change rose to +0.1% on August 24, marking the first positive shift since May 28, and has further increased to +0.21% as of today, indicating that the nearly three-month net capital outflow status has ended.Meanwhile, the 30-day apparent demand/new supply ratio for Bitcoin has been above 1 for six consecutive days, with the latest figure at 2.52, meaning the 30-day apparent demand is approximately 2.5 times the new BTC issuance during the same period. This indicator had dropped to -6.93 on August 2 and briefly rose to 3.16 on August 21. However, the absolute strength of both indicators remains relatively low. Since 2024, the median for periods of positive realized market cap has been +3.24%, while the current +0.21% is only at the lowest 3%-4% of positive samples; the historical median for the apparent demand ratio above 1 is 7.65, and the current 2.52 is also at the lowest 10%. It is believed that the more important signal currently is that the direction of capital flow has shifted from outflow to slight inflow, and demand has once again exceeded new supply, but a strong new demand cycle cannot yet be confirmed. Future observations are needed to see if the realized market cap can remain positive and if the apparent demand can further expand.

Analyst Ted (@TedPillows) stated that the Coinbase Ethereum premium has turned positive, indicating that institutions are accumulating. In related discussions, market participants noted that a positive premium means that U.S. demand is beginning to re-emerge, and Ethereum is showing some strength.The Coinbase premium is typically used to measure the premium or discount level of asset prices on the Coinbase platform relative to other major trading platforms. When this indicator turns from negative to positive, it is often interpreted as U.S. investors, particularly institutional funds, being relatively active in buying, providing support for spot demand. The recent rebound in Ethereum-related premiums is viewed by some observers as one of the signals of marginal improvement in liquidity.

According to Gate market data, the Nikkei 225 index continues to rise, turning positive during the day.

CryptoQuant founder Ki Young Ju posted on the X platform that the demand for Bitcoin spot and perpetual futures has turned positive for the first time since reaching a historic high in October 2025. The scale of demand is still relatively small, but if this trend continues for a month, it can be reasonably concluded that the bear market has ended and a new bull market cycle has begun.

On August 20, CZ retweeted his views on Hyperliquid's introduction to the United States and stated that many people overlook the bigger picture. Policies cannot apply only to a single company or project; a favorable policy benefits the entire industry.Previously, CZ commented on "the Trump administration potentially introducing Hyperliquid to the United States in a compliant and legal manner," stating that this would open up more Perp DEX and decentralized services to U.S. users, which would be a significant boon for the entire industry.

On Wednesday local time, U.S. President Trump met with executives from cryptocurrency and fintech companies such as Coinbase, Ripple, Robinhood, Gemini, and Chainlink in the Roosevelt Room of the White House and delivered a speech in support of cryptocurrencies.Trump stated that his administration has "completely ended the war on cryptocurrencies," and the industry is thriving. The U.S. must maintain its "undisputed leadership" in areas such as Bitcoin, cryptocurrencies, prediction markets, and artificial intelligence, and is committed to becoming the "world capital of cryptocurrency."He mentioned that the U.S. government has discussed accumulating a "significant amount" of Bitcoin and other cryptocurrencies, stating that cryptocurrencies "greatly alleviate the pressure on the dollar." At the same time, he urged Congress to pass a "fair version" of the Clarity Act, claiming this would allow the U.S. to lead over China and other countries.Trump also noted that the SEC chairman is working to bring Hyperliquid to the U.S. market in a compliant manner; and reviewed the policy achievements of the signed Genius Act (stablecoin legislation), strategic Bitcoin reserves, and the prohibition of CBDCs.

According to Bloomberg, AI pioneer Fei-Fei Li stated that the tech industry needs to better explain the value of artificial intelligence to the public and warned that the growing anti-AI sentiment in the United States could pose risks to global AI development. In an interview with Bloomberg, Fei-Fei Li mentioned that tech practitioners need to strengthen communication with the public to showcase the positive impacts that AI technology can bring.She pointed out, "If we do not demonstrate a positive attitude and a positive direction for development, everyone will be affected." The United States has significant influence in the global tech sector, and if the U.S. cannot show a "positive attitude and development path for AI," it will ultimately affect the entire world.