Bitcoin briefly broke above $82,000 on Sept. 4 after recovering from the $77,000-$79,000 range, but later fell below $80,000 as stronger-than-expected August U.S. employment data lifted Treasury yields and increased expectations for a September Federal Reserve rate hike. The move followed a short squeeze that generated more than $500 million in broader crypto liquidations, including about $415 million in Bitcoin short losses. Demand from exchange-traded funds remained strong. U.S.-listed spot Bitcoin ETFs recorded about $730.8 million to $730.9 million in combined net cash inflows on Sept. 3, their strongest daily total since Jan. 14, according to separate market snapshots. Four major funds reported a combined $683.25 million in positive BTC holdings netflow, led by BlackRock's IBIT with $422.75 million, followed by 21Shares ARKB at about $130 million, Fidelity FBTC at approximately $73.5 million and Grayscale Mini BTC at roughly $57 million. Bitcoin traded near its 50-week moving average, which Galaxy Research data placed at about $81,041. Analyst Quinten François said a weekly close above that level and a break through $82,800 would establish a higher high in the broader downtrend and bring $90,000 into focus, while a loss of $80,000 could expose support near $78,000 and $75,700.