Bitcoin dropped 2.98% from $81,340 to $78,915 on September 4th after a stronger-than-expected U.S. jobs report. The data made a Federal Reserve rate cut less likely and a rate hike more feasible. The 6-month holder MVRV reached 13.10%, indicating medium-term holders were profitable with signs of distribution. The exchange stablecoins ratio on Binance climbed to its highest level in 2026, signaling reduced buying capacity that could hinder a breakout above the $82k key resistance. September could be a pivotal month for Bitcoin as the price approaches a major supply zone.
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