Analysis: Well-known industry figures close short positions, Trump's improved poll numbers drive BTC to rebound slightly

Odaily Odaily News: Data compiled by Bloomberg shows that in the eight days ending September 6, investors withdrew a total of nearly $1.2 billion from 12 Bitcoin spot ETFs. The massive outflow of funds comes at a time when stock and commodity markets are experiencing turbulence due to concerns about economic growth. Bitcoin performed poorly in September, falling about 7%, but rose slightly over the weekend, temporarily reporting $54,773.9 as of press time, with a 24H increase of 0.65%. Sean McNulty, head of trading at liquidity provider Arbelos Markets, said: "BTC's small rebound seems to be partly driven by the closing of short positions by some well-known influencers," citing the recent move of BitMEX co-founder Arthur Hayes as an example. McNulty said that the improved performance of Republican presidential candidate Trump, who supports cryptocurrencies, in polls and prediction markets may also have played a role. He pointed out that the demand for options hedging has increased in case Trump's debate with Democratic candidate Vice President Harris on Tuesday triggers market volatility. Harris has not yet detailed her stance on cryptocurrencies. Caroline Mauron, co-founder of Orbit Markets, a provider of liquidity for digital asset derivatives trading, said that BTC may remain in the recent range of $53,000 to $57,000 before the latest CPI data is released in the United States on Wednesday. (Bloomberg) Yesterday, Arthur Hayes posted on X: "I have closed my short position in BTC and made a profit of 3%, which is enough to pay for my food and bar bills during my stay at KBW. Yellen is watching the market and made a statement over the weekend that if market conditions continue next week, Bitcoin 'may' rise because the US dollar liquidity is expected to increase."