Bitcoin buyers spent the morning defending the $77,500 zone, putting $80,000 back in view for bulls ahead of Friday's US jobs report. Bitcoin has risen 1.2% over the past 24 hours to reach $77,900, lifting the total crypto market capitalization to $2.62 trillion, up 1.04%. The Fear and Greed Index stands at 72 ("Greed") after August delivered BTC's strongest monthly advance in years.

On the ETF side, US spot Bitcoin products recorded $101.15 million in net inflows yesterday, continuing a streak of mixed performances that has left September with $135.32 million in net outflows so far. ETF flows have become a closely watched proxy for institutional demand since the products launched in January 2024, so the month-to-date deficit underscores how cautiously allocators are positioned even as spot prices climb. Derivatives open interest across the entire market has increased 1.98% to $473.11 billion, while $264.94 million in positions were liquidated, with $135.04 million in short liquidations versus $129.9 million in longs.

This mix of signals leans bullish overall, with positive sentiment driving capital into early-stage token presales. Bitcoin Hyper (HYPER) has drawn one of the largest shares of that demand, as its Bitcoin Layer 2 plans have attracted serious investors and helped the HYPER presale raise almost $33.1 million. HYPER now appears on a growing number of shortlists for investors seeking faster BTC settlement and smart contracts without leaving Bitcoin's security model. That demand reflects a broader push to expand Bitcoin's utility beyond simple transfers, an area where networks like Lightning and Stakes-based sidechains have historically pursued similar goals.

Bitcoin Recovers Toward $80,000 as Buyers Protect Key Levels

Bitcoin has reclaimed levels above $77,500 after slipping as low as $76,232 yesterday. Buyers have consistently stepped in near the $76,350 average cost basis of active holders, a zone that has absorbed coins bought earlier this year. Among mainstream altcoins, Ethereum has lagged near $2,400, down 5.4% on the week and up 0.4% today, keeping Bitcoin as the primary market focus.

The macro picture for digital assets remains mixed. Bitcoin ETFs have alternated between daily inflows and outflows, and September's total flows leave the products down $135.32 million month-to-date. Odds of a quarter-point Federal Reserve increase at the FOMC's mid-September meeting have eased from 70% yesterday to 62.4% today, and hopes for a soft payrolls print on Friday could reopen a path toward $80,000. Rate expectations matter for Bitcoin because looser monetary policy has generally coincided with stronger appetite for risk assets, including crypto. Strategy has added 4,603 BTC over the past week at an average price of about $80,318, bringing its holdings to 845,050 BTC. SEC Chair Paul Atkins has predicted that the Senate will eventually pass the Clarity Act, providing forward guidance for crypto-related businesses.

In a post on X, trader Ted Pillows told his 314,300 followers that flipping $80,000 is a vitally important goal for BTC bulls, with a daily close above that level potentially signaling long-term momentum:

bitcoin:native is slowly grinding up here. Spot demand is coming from Binance, but it's still weak overall. For strong momentum, Bitcoin needs a daily close above $80,000. pic.twitter.com/yiqqkhwJPU — Ted (@TedPillows) September 3, 2026

Even before Bitcoin gets that far, some investors are looking further ahead at BTC-based infrastructure projects that expand what Bitcoin holders can do with their assets. This is where Bitcoin Hyper, its new Layer 2, and its $33 million token presale enter the picture.

Bitcoin Hyper Presale Funds High-Speed Layer 2 for Bitcoin

Bitcoin Hyper (HYPER) is a soon-to-launch Bitcoin Layer 2 (L2) that will keep final settlement on Bitcoin while executing transactions on a Solana Virtual Machine stack. The approach aims to pair Bitcoin's established security with the high-throughput execution environment popularized by Solana, whose network is known for low fees and fast finality. Users deposit BTC to a designated address monitored by a canonical bridge, allowing a relay program to verify block headers and transaction proofs and mint an equivalent amount on the L2. Withdrawals reverse this path: the system checks Bitcoin Hyper's Layer 2 state and releases BTC on the base chain. Batched transactions and zero-knowledge proofs keep the Layer 2 state in sync with Bitcoin's L1.

The project posted the following update on X:

Bitcoin Hyper is refining the developer experience with clearer documentation, familiar tooling, predictable APIs, and better feedback for builders. The goal: make the network easier to understand, connect existing tools, and start building with less friction. Read the… pic.twitter.com/kAo1w7Xa06 — Bitcoin Hyper (@BTC_Hyper2) September 2, 2026

The new network is designed to power Bitcoin payments, DeFi, games, and token issuance with near-instant finality and much lower fees than the base chain's roughly 7 transactions per second. That throughput ceiling has long been the main constraint on Bitcoin-based applications, which is why scaling layers have attracted sustained developer attention. HYPER serves as the L2's gas, staking, and governance token, with a fixed supply of 21 billion. Allocations cover 30% to development, 25% to treasury, 20% to marketing, 15% to rewards, and 10% to listings.

The public HYPER presale began at $0.0115 per token; the current price is $0.0136856, with stages lasting three days or until the allocation sells out. Tokens bought in the sale are claimable at the token generation event and can be staked immediately during the presale for a 35% APY. As with all presale-stage tokens, HYPER remains unlisted and its network is not yet live, meaning buyers are committing capital ahead of the planned mainnet deployment and exchange listings, both scheduled for later in 2026.

Presale Terms Favor Early HYPER Buyers

The HYPER presale has raised more than $33.1 million, with HYPER priced at $0.0136856 as stages have advanced from the sale's $0.0115 opening price. Presale buyers can stake tokens for rewards of up to 35% APY, a yield available before HYPER's first exchange listing and the L2's planned mainnet launch.

Meanwhile, Strategy has been buying again above $80,000, Bitcoin ETF holdings have reached $97.22 billion, and BTC trades roughly 3% below the $80,000 close many traders want to see. These conditions have supported large inflows into the Bitcoin Hyper presale, and HYPER's low per-token price and high staking APY have kept the project in play for investors seeking Bitcoin-linked cryptocurrencies with high upside potential.

This article first appeared on icobench.com.