BTC intraday dip hit a low of 76,651; the price broke below the 77,000 level, and the 24-hour drop exceeded 2.5%.
Market logic:
1. The U.S. August PPI inflation data came in higher than expected. The market increased the probability of a September Fed rate hike. U.S. Treasury yields rose, putting broad pressure on risk assets, and BTC was dragged down by macro factors;
2. The derivatives market saw concentrated liquidations. The total liquidation across the whole network was $562 million, with longs being the main liquidation target;
3. On the technical side, the prior 80,000 level faced repeated pressure. Bullish momentum has continued to weaken. The current key support is 76,600; if it breaks, it will further open downside room. Resistance is at 78,000 above;
4. Liquidity: inflows into spot ETFs have slowed, and institutional caution has intensified. Funds have moved away in a risk-off posture.
Next, the focus is on waiting for the U.S. CPI data. Inflation numbers will directly determine subsequent rate expectations, which is the core factor in whether BTC can rebound.
⚠️ This market recap is for reference only and does not constitute any investment advice. #BTC #Bitcoin #CryptoMarket
KII The King Returns: The real test has never been the rally》
Markets love hero stories.
When a token rises 100%, everyone calls it a dark horse; when a project secures a large round of funding, people say it has connections.
But the real way to tell what a team is made of is often not a smooth tailwind scenario—it’s what happens when things go wrong: **what do they do after the problem occurs.**
Kii was attacked due to a Cosmos EVM error.
For any Web3 project, this is not a small matter.
Because what the market truly fears isn’t just the technical vulnerability itself, but what happens after the flaw is discovered:
Will the team go silent?
Will they delete posts?
Will they shift the blame to a third party?
Will they just run?
Kii chose a different path.
They kept communicating, openly facing the issue, with the CEO frequently participating in X Spaces and live streams—and continued pushing forward with the product and partnerships.
The part of this situation truly worth studying may not be how much KII went up.
But this:
When the market least believes in you, are you still willing to keep building?
Web3 never lacks stories.
What it lacks are the people who are willing to stay after a crisis.
So the real meaning of “The King Returns” isn’t that the price stands back up.