Crypto markets extended their rebound on Friday as easing macro pressure helped push investors back toward risk assets, with Layer-2 and decentralized finance tokens leading the move. According to CoinDesk, bitcoin climbed above $78,000 during the European morning, up 2.1% since midnight UTC and 1.9% over the past 24 hours, while 98 of the 100 assets in the CoinDesk 100 traded higher on the day. The strongest gains came from starknet (STRK), arbitrum (ARB), and uniswap (UNI), while the DeFi Select Index rose 8.3% since midnight and 16% over 24 hours. The backdrop improved after the 10-year U.S. Treasury yield fell back below 5% and Brent crude dropped under $103, easing inflation fears that had followed the Federal Reserve’s rate hike. Derivatives data also pointed to a steadier return of risk appetite: aggregate futures open interest rose to $141.2 billion, bitcoin futures open interest edged up to 680K BTC, and UNI futures open interest climbed to 86.61 million tokens, near a record high. In options, short-dated skew for BTC and ETH turned bullish even as longer expiries still showed a mild put bias.

Bitcoin failed to reclaim $80,000 on Wednesday as traders tracked two macro pressures at once: a deterioration in risk appetite following fresh US strikes linked to Iran, and renewed focus on the Japanese yen. TradingView data showed BTC/USD reversing after attempting to revisit the $80,000 level, with Bitcoin down about 0.4% on the day at the time of writing. US equities also slipped at the Wall Street open, while oil prices moved sharply higher. WTI crude traded above $96 a barrel and Brent rose past $101, its first move above that level since late July. At the same time, the yen held around 153 per dollar, its strongest level since February, while short positioning remained near record highs. Bloomberg data cited by Barchart showed yen short bets above 5 trillion yen at the start of September. Reuters also quoted Saxo chief investment strategist Charu Chanana, who said further yen strength could accelerate an unwind in yen carry trades, a dynamic that matters for broader liquidity and could reach crypto markets. The Bank of Japan’s expected 0.25% rate hike on Sept. 28 has added to that risk. US Treasury Secretary Scott Bessent added another layer this week by signaling that future intervention in yen markets remained possible.

A trader turned $4,400 into $780,000 in two hours, a 177x return, according to Lookonchain. The trader spent 4,400 USDC to buy 18.6 million 4Stock tokens, now worth $780,000, becoming the largest holder.

Bitcoin fell nearly 2% on Monday, slipping back below the $80,000 mark in thin holiday liquidity, erasing most of the weekend gains. The retreat came as U.S. markets were closed for Labor Day, reducing market depth and increasing short-term volatility. CoinGlass reported $178 million in total liquidations over the past 24 hours, with long and short positions relatively balanced. Liquidity clusters are concentrated around $80,500 and $78,800. QCP Capital noted that volatility has contracted sharply, and traders are waiting for a new catalyst. This week's U.S. inflation data, due Thursday and Friday, could be the key event to set the direction and potentially alter expectations for the Federal Reserve's rate path. Despite the pullback, Bitget chief analyst Ryan Lee highlighted Bitcoin's resilience, saying the fact that it held high ground even after strong U.S. jobs data—which typically boosts bond yields and the dollar—suggests the market does not view potential Fed hikes as the sole driver of price action. Meanwhile, spot Bitcoin ETF inflows remain in the spotlight, with a single-day net inflow of $730 million, the highest since January.

PPP prediction market monitoring shows an account that previously profited $130K placed $195K on G2 to defeat Team Falcons at an average price of 41.3 cents, buying 237,996 shares. The same address also holds $33K on Map 1 G2 win and $80K on G2 with +1.5 map handicap. The BO3 match, part of the Blast Open quarterfinals, starts at 22:00 on Sept 4, with the winner facing Team Spirit. PPP also offers a signal push community.

According to Lookonchain, trader 0x9a49 sold all 7,201 ETH purchased a week ago for about $17.2 million, realizing a profit of $780,000.

Lookonchain monitoring data shows that an address with prefix 0x9a49 has fully liquidated 7,201 ETH purchased a week ago, valued at approximately $17.2 million, realizing a profit of about $780,000. This is a typical short-term whale trading move.

According to Lookonchain, a whale address 0x9a49 has completely exited its ETH position taken a week ago. The trader sold 7,201 ETH worth approximately $17.2 million, securing a profit of $780,000.