---
title: "Weekly Recap | BTC.US -3.29%, rise-and-fade above the 20-day line"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298799782.md"
description: "BTC.US fell 3.29% this week to close at $34.15, underperforming the S&P 500 by about 2.49 percentage points. Across four trading days, the fund opened Tuesday at $34.62, hit a high of $34.91, then faded; Wednesday saw a push to $35.21 that failed to hold; Thursday slipped to $33.915; Friday closed at $34.15. The pattern was a rise-and-fade, leaving price above the 20-day moving average at $33.382 and roughly 6% below the 60-day range high of $36.18 from 3 September."
datetime: "2026-09-12T07:50:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298799782.md)
  - [en](https://longbridge.com/en/news/298799782.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298799782.md)
generator: "portal-rs"
---

# Weekly Recap | BTC.US -3.29%, rise-and-fade above the 20-day line

## The Week

BTC.US fell 3.29% this week to close at $34.15, underperforming the S&P 500 by about 2.49 percentage points. Across four trading days, the fund opened Tuesday at $34.62, hit a high of $34.91, then faded; Wednesday saw a push to $35.21 that failed to hold; Thursday slipped to $33.915; Friday closed at $34.15. The pattern was a rise-and-fade, leaving price above the 20-day moving average at $33.382 and roughly 6% below the 60-day range high of $36.18 from 3 September.

## Key Events

This week’s crypto story centred on macro rate expectations and bitcoin’s price swings. Vitalik Buterin opened the week voicing optimism about bitcoin’s resilience to cybersecurity threats, but a hotter-than-expected US August PPI later sparked rate-hike fears and a broad crypto tumble, with bitcoin briefly falling below $77,000. Also in focus was Strategy’s decision to skip a bitcoin purchase and instead repurchase $176m of preferred shares. Among altcoins, privacy coins stole attention as Zcash rallied above $1,200, while the unwinding of altcoin leverage lifted bitcoin’s share of crypto open interest to 42.1%, signalling a rotation back toward bitcoin.

## The Week Ahead

Next week brings a dense run of US macro data. The New York Fed manufacturing index lands on Tuesday, followed on Wednesday by retail sales, retail sales ex-autos, retail sales control, import prices, the NAHB housing market index and EIA crude inventories. With the PPI beat raising rate-hike expectations, retail sales and inflation-related prints will be key for the policy path ahead. Another round of firm data could keep pressure on risk assets.

## In Short

BTC.US’s pullback matched the macro-driven move in spot bitcoin: firmer rate-hike expectations weighed on risk assets, while crypto capital rotated out of altcoins and back into bitcoin, offering a partial offset. Price sits above the 20-day moving average but still below the recent range high. The ETF pays no dividend and reports no earnings, so conventional valuation metrics do not apply. The latest session’s flow data show net buying by large, medium and small orders, though the large-order imbalance was less pronounced than the smaller buckets. The next question is whether retail sales and inflation data shift rate expectations, and how bitcoin behaves around key support levels.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**