A bitcoin short squeeze for the ages as futures open interest collapses

The Securities and Exchange Commission (SEC) of Thailand has opened a public consultation on the draft rules for local spot Bitcoin and Ether ETFs, with a feedback deadline of September 20th. （Cointelegraph）

According to CryptoQuant monitoring, the leverage ratio of Binance XRP has reached its highest level of 0.213 since January. （CoinDesk）

Chaowei Semiconductor's stock price rose 2.4% before the market opened, and Raymond James upgraded Chaowei Semiconductor's rating from "outperforming the market" to "strong buy".

Arthur Hayes, co-founder of BitMEX, stated that the $FLOP token airdrop will be distributed based on users' activity on the testnet. The testnet token faucet will be deployed on Technocore.chat and is only accessible to agents holding DID keys. Specific rules and operational procedures will be announced later.

Bitcoin rebounded about 25% last week and broke through $80000, with the weekly RSI rising to 58.3, the highest level since reaching a historic high of $126200 in October 2025, and showing a bullish divergence. Jamie Coutts, Chief Crypto Analyst at Real Vision, believes that the weekly bullish divergence has reference value in determining the turning point of the cycle. The daily RSI of Bitcoin has risen to 82.93, the highest level since November 2024. Bitcoin's two month stochastic RSI has shown a golden cross, with the low point reaching 4.81. There is a divergence in the market regarding whether the macro bear market for Bitcoin has ended.