Bitcoin Slips Below $80,000 as Market Awaits US Inflation Reports
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07.09.2026 21:41
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2 min read
Bitcoin failed to hold above the psychological $80,000 mark, pulling back to around $79,000 early in the week. The leading cryptocurrency shed about 2% over the past 24 hours, cutting short a brief weekend rally. The local drop coincided with the Labor Day holiday in the US: American stock exchanges were closed, and falling liquidity traditionally triggered volatile price swings.
US Holiday, Squeezes, and Fed Pressure
As reported by Cointelegraph, derivative platforms saw $178 million in forced position liquidations over the past 24 hours. Losses were split almost evenly between short and long positions, with the main volumes of stop orders currently concentrated near $80,500 on the upside and $78,800 on the downside.
Fundamental drivers for the market lie in US macroeconomics. Fresh US employment data revealed unexpected overheating: nonfarm payrolls grew by 162,000 compared to the expected 55,000. According to Reuters, labor market strength renewed fears of hawkish rhetoric from the Federal Reserve, with analysts estimating a 60% probability that high interest rates will remain or undergo targeted hikes.
The main test of the week will be the release of US inflation indices: the Producer Price Index (PPI) is due on September 10, followed by the core Consumer Price Index (CPI) for August on September 11.
ETF Support and Resistance Levels
Institutional demand is acting as a buffer for prices. According to estimates by Singapore-based QCP Group, US spot Bitcoin ETFs have logged total net capital inflows of $770 million since the beginning of September. Experts note that the current lull reflects a wait-and-see stance by major funds ahead of the macroeconomic data releases.
Analysts at research platform Glassnode add that for a sustained bullish trend, the market must overcome a dense supply cluster in the $83,000–86,000 range, where the cost basis of long-term investors is concentrated. Whether Bitcoin can consolidate above $80,000 will be decided at the end of the week following the release of inflation reports from Washington.
