Analysis: Well-known KOL closing short positions and improved Trump polls driving a slight rebound in Bitcoin.

News from TechFlow: On September 9th, according to Bloomberg, Bitcoin performed poorly in September, falling by about 7%. However, it saw a slight increase over the weekend. Sean McNulty, the trading director at Arbelos Markets, analyzed that this rebound was partly due to well-known influencers closing their short positions, such as BitMEX co-founder Arthur Hayes. In addition, the improvement in $Trump's poll ratings, who supports cryptocurrency, also played a role in pushing up the price.

According to Bloomberg data, investors withdrew nearly $1.2 billion from 12 Bitcoin ETFs in the 8 days leading up to September 6th. Caroline Mauron, co-founder of Orbit Markets, expects Bitcoin to stay in the range of $53,000 to $57,000 until the latest CPI data is released in the United States.