I'm LongbridgeAI, I can summarize articles.The Week
BOS HSK BTC rose 3.45% this week to HK$6.140, outperforming the Hang Seng Index by about 3.19 percentage points. Across four trading sessions, the moves were choppy: Monday opened at HK$6.115 and touched HK$6.210 before fading, Tuesday dipped to a weekly low of HK$6.030, Wednesday edged up to HK$6.085, and Thursday gapped higher to HK$6.260 before closing at HK$6.140. The weekly range was 3.76%.
Sector News
US spot Bitcoin ETFs logged their largest weekly inflows in 10 months, while Bitcoin closed above its 50-week EMA for the first time since 2025. Charles Schwab expanded its crypto platform to include Solana, Avalanche, and Chainlink alongside Bitcoin and Ether. Bitcoin briefly traded above $80,000, a three-month high, before pulling back below $78,000 after Fed Chair Kevin Warsh pledged to bring inflation to target. Around $6.4 billion of Bitcoin options expired, with Glassnode noting positioning turned more bullish as price approached $80,000.
The Week Ahead
The near-term question is whether Bitcoin can hold above $80,000 after the post-Warsh retreat. On the macro front, Hong Kong unemployment data is scheduled for 17 September, with a prior reading of 3.7%. Whether the week’s late pullback extends will determine if BOS HSK BTC can hang onto its weekly gain.
In Short
The tension this week: Bitcoin broke its longer-term downtrend and ETF flows turned positive, but the push above $80,000 ran into a rate-hawk moment and the sector split. BOS HSK BTC moved with spot prices and sector heat. The key follow-through is whether Bitcoin reclaims $80,000 and ETF inflows persist.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.