Bitcoin briefly surpassed $82,000 on September 3rd, driven by Federal Reserve Governor Christopher Waller’s reassuring comments on interest rates and $730.8 million in net inflows to spot Bitcoin ETFs. However, the crypto encountered selling pressure near its 365-day moving average at $82,268. Several onchain indicators point to slowing demand: the Apparent Demand metric and Coinbase Premium Index have both retreated, while the Bitcoin Capital and Flow Regime Index has been at its maximum level for six consecutive days, historically followed by a price decline. A break below $75,500 could expose supports at $70,200 then $66,900.
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