Express News | Prominent Trader: Bitcoin’s Short-Term Volatility Aims to Liquidate Longs and Undermine Their Confidence

On September 12, prominent trader Killa posted an analysis stating that Bitcoin has recently been experiencing repeated volatility. The market has repeatedly liquidated long positions below previous lows, aiming to clear leverage and gradually erode the confidence of long holders. Killa believes that this persistent sweep of lows typically signals the market's ultimate intention to reward longs; the final sweep will mark a local bottom, followed by an expansion of prices toward new highs. As a quantitative trader focused on BTC, Killa correctly predicted the peak of the current bull market in May 2025 and has over 200,000 followers on the X platform. In mid-April, he shorted Bitcoin at $74,688 and switched to a long position during the broad market decline on June 5.

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Express News | Bitcoin futures open interest dropped by approximately USD 1 billion in 24 hours as the market deleveraged amid volatility triggered by CPI data.

On September 12, data from crypto analyst Axel Adler Jr. showed that Bitcoin futures open interest fell by 13,600 BTC over the past 24 hours, equivalent to approximately USD 1.051 billion.

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Express News | Morgan Stanley has increased its Bitcoin holdings for three consecutive days, with total positions exceeding 7,800 BTC.

On September 12, Morgan Stanley increased its Bitcoin holdings for the third consecutive day through its spot Bitcoin exchange-traded fund, MSBT, investing $15.81 million to acquire approximately 203.45 BTC. Its total holdings now stand at 7,855 BTC, valued at over $600 million.

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Express News | Yi Lihua: Rate hike expectations lead to market divergence; three major investment opportunities exist in the future crypto market

On September 12, Yi Lihua, founder of Liquid Capital, stated that expectations of a rate hike have emerged in the past two days, leading to divergent market trends. Given the appearance of bearish news, there are two possible scenarios going forward: one is an actual rate hike, which would cause short-term prices to break below 76,000, consolidate at lower levels, and then rise; the other is no rate hike, in which case prices would continue to rise. Regardless of the outcome, holding spot assets without leverage is optimal. During an exchange at a business school in Shenzhen today, he highlighted several opportunities for the next three years: first, mainstream BTC/ETH spot holdings could see approximately 4x returns, with active swing trading potentially achieving 10x; second, trading infrastructure still presents 100x opportunities, as transaction processing remains the core demand of blockchain technology; third, IPOs as defined by CZ—listing stocks and IPOs on-chain—will bring forth genuine dark horse high-quality assets, marking a complete farewell to the era of whitepaper tokens.

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Bitcoin Activity, Passports Exposed After Revolut Falls for Fake Government Request

Passports, selfies and home addresses were also handed over after the digital bank treated a fraudulent request as legitimate, the firm said Saturday, but no customer funds were lost.

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Express News | CryptoQuant: Bitcoin on-chain structure neutral; derivative leverage remains moderate

On September 12, CryptoQuant analyst CoinNiel stated that Bitcoin's on-chain structure remained neutral, with derivatives showing no signs of overheating. Net exchange inflows decreased from 2,724.6 BTC on September 11 to 211.8 BTC on September 12, indicating easing selling pressure. The funding rate dropped from 0.005646 to 0.003604; while long positions dominated, leverage was not excessively crowded. Open interest rose from approximately $25.01 billion to $25.15 billion, suggesting relatively healthy positioning. The Korea Premium Index fell from 2.10 to 0.98, reflecting cooling enthusiasm for spot buying demand in South Korea.

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