PA Daily: Garrett Jin Flags $82,500 as Key BTC Resistance as Strong U.S. Payrolls Lift Rate-Hike Bets
PANews’ Sept. 5 roundup covered a dense mix of macro, crypto, AI and on-chain developments, led by stronger-than-expected U.S. August payrolls, a fresh warning on Bitcoin resistance from Garrett Jin, continued inflows into spot Bitcoin ETFs, and active positioning across major trading venues. U.S. nonfarm payrolls rose by 162,000 in August while unemployment held at 4.1%, data that pushed market-implied odds of a September Federal Reserve rate hike above 60%. Garrett Jin, described by PANews as the agent for the "1011 insider whale," said BTC held $76,600, broke above $79,000 and printed a higher high, but is now facing resistance near $82,500. The report also tracked a broad set of market and industry updates: Binance listed MarsCoin spot pairs; Router Protocol said it will wind down operations by Sept. 30, 2026; Ondo Finance will stop minting USDY on Aptos and Noble from Sept. 8; Stargate V1 pools will stop operating on Dec. 15; and Robinhood Chain posted rising fee revenue and DEX activity, though outside research said its own users account for only about 1% to 2% of trading volume. On the data side, spot Bitcoin ETFs recorded $175 million of net inflows for Sept. 4, marking a third straight day of positive flows, while Wintermute and Galaxy Digital were shown by Onchain Lens as holding more than $126 million in combined short positions on Hyperliquid.


