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Macroscopic Perspective: Regulatory Expectation Turning Point Realized, Market Shifts from Liquidity Game to Policy Value Reassessment The recent surge in the crypto market has long moved beyond a simple technical oversold rebound logic, with the core driving force undergoing a fundamental shift. Previously, the market was repeatedly pulled by regulatory uncertainty and interest rate cut expectations, resulting in a persistent "one step up, three steps down" oscillation pattern. Capital showed strong aversion to highs, with rapid sector rotation and poor sustainability. Recently, top-level policy statements have been implemented, clearly indicating the U.S. aims to build a global advantage in the crypto industry and advance compliant digital asset legislation, completely breaking the long-standing bearish shadow suppressing the market. Although external U.S. Treasury liquidity has not seen comprehensive easing, the policy certainty premium fully offsets the slight hawkish bias on the macro side, becoming the core underlying logic for this round of market volume breakout and BTC's strong short squeeze. This is also the most critical recent change in the market: capital no longer excessively worries about short-term Federal Reserve minutes or yield fluctuations but focuses on betting on the industry's compliance dividend release. Market risk appetite has comprehensively risen, and on-exchange long confidence has undergone a qualitative restoration. Market Structure: Epic Short Squeeze Reshapes Trend, Volume Explosion Conceals Structural Divergence The most intuitive feature of this rally is the structural bull market brought by concentrated short liquidation. On the data side, the single-day short liquidation scale across the network exceeded 3 billion, with short liquidation accounting for over 90%. Long-standing high-level shorts and top-picking shorts were cleared in batches, and forced buy orders continuously supported prices, pushing BTC to break new stage highs repeatedly, creating an extreme short squeeze trend. Market trading volume twoBTC surges to 78,000, ETH holds at 2400, but SOL only rises 5%: Mainstream is charging, has the capital not yet spread?
Just refreshed the market:
$BTC current price 78192, up 8.85% in 24 hours, intraday high reached 79515; $ETH 2408, up 5.22%, highest 2448; $SOL 91.93, only up 4.99%.
Putting the three charts together, the conclusion is clear: mainstream is rushing ahead, capital has not yet fully dispersed.
In the latest ETF settlement data on August 19, BTC net inflow was $517 million, ETH about $187 million, SOL only $2.5 million. Institutional money first went to BTC and ETH, SOL's capital scale is two orders of magnitude smaller.
So I don't think this is a full altcoin season, it looks more like the first phase of risk appetite:
First refill BTC,
then chase ETH's elasticity,
finally it's the turn for high Beta themes.
Next, I’m only watching three positions:
Can BTC hold 78000;
Can ETH stay steadily above 2400;
Can SOL break through 93.4 with volume.
If BTC and ETH hold steady and SOL breaks previous highs with volume, it means capital is starting to spread. Otherwise, mainstream continues to rise, altcoins just look lively, but real incremental capital hasn't entered yet.
Brothers, do you think SOL is just a bit slow, or this round of capital simply never intended to rotate to it?
#BTC加速拉升，资金还能继续接力吗？ The recent explosive surge across major crypto assets—pushing $BTC directly toward the $79,600 mark after a massive ~17,000 point rally from local lows near $62,200—has left market participants questioning whether this is an institutional regime shift or a classic leverage squeeze. While price action suggests strong momentum, contracting futures open interest and shrinking MACD momentum point to a short squeeze rather than fresh spot capital driving the market. With $BTC entering a dense supply Is this the power of the "King of Understanding" shouting out???
On the surface, BTC's violent surge looks like a single shout directly ignited the market, but the shout is only an emotional catalyst, not the entire root cause of the rise.
The "King of Understanding" publicly expressed support for crypto legislation, raising market expectations for friendly regulation and providing emotional ignition for the market. But what truly pushed the market into a short squeeze was the resonance of multiple conditions: US Treasury repo brought liquidity expectation improvements, a massive accumulation of short positions in the previous market, and the news triggered an epic short squeeze, with over 90% of short positions liquidated within 24 hours, and passive forced buy orders continuously pushing prices higher.
We need to distinguish reality: the speech only lit the fuse; the real ammunition was the crowded short positions in the futures market. The shout can quickly stir emotions, but the bill is still in the promotion stage and has not been officially enacted.
Whether the subsequent market can continue does not depend on more verbal shouts. The core depends on two points: first, after the short squeeze momentum is exhausted, whether BTC spot ETFs can see sustained stable net inflows; second, whether the US Treasury liquidity easing expectations can continue to be realized.
The emotional market triggered by news comes fiercely and retreats quickly; do not attribute all short-term pulses solely to verbal shouts.
Market dynamics are only for review reference and cannot be directly used as a basis for judging price movements.
This article is only a market review and does not constitute any investment advice. #BTC加速拉升，资金还能继续接力吗？ $BTC $ETH $SOL The market has been rocketing these past two days. BTC smashed through 75,000 ETH to 2,400 XRP, rising more than ten points in a day. The whole screen is full of bulls making a comeback. But if you zoom back a bit, you'll find that this rally isn't about fundamentals, it's the one thing Trump said at the White House urging Congress to quickly pass the clear bill and casually announce the end of Chokepoint 2.0. With just one sentence, the market took it seriously. The real Senate vote won't wait until September 15. What's rising now is the expectation that the bill will pass, not really. The bill passed—this fact. I'm too familiar with this kind of expectation. The most exciting moment in a relationship is never the day you actually get together, but the week he says he'll take you to meet your parents next week. You say it's nothing, but your hand has already started checking bridal shops, pre-investing a whole week's heartbeat into a promise that hasn't happened yet. Expectations are the most expensive bulls. They rise the fastest, and they're the easiest to die on the day they come true. So don't treat expectations like reality this time. If you want to participate, keep half the cash and make sure you qualify to wait until September 15th. Whether he meets his parents or not, you'll still be sitting at the table Peace distinguishes between what he says and what he does, so it's not easy to get stuck at the highest #比特币 #CLARITY法案 #风险提示If after a surge you only focus on the numbers on paper and laugh foolishly, then this round of market activity is most likely just a "paper fortune." Why do most people make money but can't keep it, and end up losing out? Recently, I've noticed a very clear feeling from watching the market: after a rally in small coins, retail investors' anxiety is even stronger than when they miss out, because holding floating profits in their hands actually makes it easier to make deformed trades. Many people, seeing their positions untouched, start getting itchy and want to switch to coins that haven't risen yet to catch up. This move is precisely the most dangerous switch in the latter half of the market. Let's first reconstruct what is happening in the market right now. After the main rally pushes strong stocks like $HYPE and $SOL to high levels, some short-term funds will temporarily flow into smaller coins that haven't started yet. But this is not a "value depression"; it is more like market makers taking advantage of the group's emptiness mentality, drawing a shipping corridor with one bullish candlestick after another. You think you're picking up bargain chips, but in reality, you're passing on the liquidity of others' cashes. At this stage, chasing into the market is a pitfall most people repeatedly fall into, buying at the peak of their emotions and selling when no one is interested. Looking deeper, what the market is truly trading is no longer "which coin can still rise," but "who can gracefully exit this round of sentiment." In the derivative structure, the funding rate for perpetual contracts has remained high for several consecutive days, indicating that long leverage is fully accumulated. In such cases, any slight disturbance could trigger a chain liquidation. In other words, the most valuable thing now isn't your position, but how much cash and spot you have left, and how you can stay proactive amid sharp fluctuations. Me1. The U.S. Treasury expands long-term U.S. Treasury repurchase operations: raising the long-term repo cap from 2 billion to 4 billion, with market expectations for a decline in long-term U.S. Treasury yields and a weaker dollar. Bitcoin is a cash-flow-free risk asset, highly sensitive to real interest rates; when rates fall, capital flows from risk-free government bonds to hard assets like BTC and gold, lifting overall valuations of risk assets.
2. The market trades on expectations of future liquidity easing, not on actual rate cuts, just improved expectations.
Positive expectations for U.S. crypto regulatory policies
1. Trump publicly supports advancing the "CLARITY Digital Asset Market Clarity Act," aiming to end the SEC's "enforcement-style regulation" and clarify compliance boundaries for crypto assets.
2. The SEC proposes partial exemptions for certain digital assets from securities registration, with market expectations that institutional funds and ETFs will have greater access, representing a policy-driven market rally.
Risks: If congressional negotiations on the bill fall short of expectations, the positive effects may quickly be realized and fade.
1. Continuous inflows into spot BTC ETFs: Large asset managers like BlackRock continue to attract funds into ETFs, with traditional institutions and corporations treating BTC as an asset allocation and treasury reserve tool, providing sustained buying pressure.
2. The fourth halving in 2024: Block rewards will halve, drastically reducing new BTC supply, fueling the scarcity narrative on the supply side. Historically, the 1-2 years following a halving often represent a market window.
3. On-chain supply: A large amount of Bitcoin is locked by long-term holders, reducing circulating supply on exchanges. When buying pressure emerges, it easily pushes prices higher.
A significant part of this rapid rally comes from short squeezes:
- Earlier consolidation accumulated many short positions; after price breaks key resistance levels, shorts trigger stop losses, forcing buy-to-cover;
- Covering buys further push prices up, triggering more liquidations, creating a positive feedback loop of "rising prices, more covering, then rising again";
- Daily liquidations of tens of billions of dollars in short positions amplify gains, but this is short-term trading behavior, not genuine new long capital.
Price increases drive retail FOMO (fear of missing out), pushing sentiment into greed territory, further fueling the rally.
$BTC #BTC加速拉升，资金还能继续接力吗？ #BTC accelerates its rally, can the funds continue to take over?
$BTC surged nearly 8% in a single day this time, definitely worth a close look, but I’m not getting carried away. $BTC is the clear leader around 77,687, $ETH only rose about 4%, and $SOL just over 3%, clearly $BTC is carrying the flag alone while the other brothers haven’t kept up.
I’m very familiar with this pattern. A true market-wide risk appetite shift requires the big brother leading the charge with the little brothers following; Ethereum and Solana should at least be rising more aggressively than now. Currently, all funds are sheltering in $BTC, indicating institutions are repricing $BTC’s value, but it’s not yet a full bull market.
The macro side is still noisy, with FOMC divisions and Treasury buybacks affecting expectations. In this environment, $BTC’s short-term strength doesn’t mean the trend has fully reversed. I’m cautious now, preferring to wait for altcoins to confirm before jumping in, rather than rushing for this piece of meat. Especially managing clients’ funds, chasing highs and getting stuck once means losing commissions and getting scolded.
So the strategy remains: don’t chase highs, wait for a pullback, and see if Ethereum and Solana can catch up. If they also start to show volume, then this rally will really get interesting. For now, continue watching with small positions and stay steady. What do you think—is this a solo dance by $BTC or a sign of a full market launch? Let’s discuss in the comments.
#WhiteHouseSummit: Trump said he once discussed buying BTC
#ETH strong rally, short liquidations exceed $1.1 billion because Aligned bills live aggregation in prepaid $ETH , ALIGN's valuation depends on Aligned charging clients in ALIGN at scale before 1.7284b team and investor tokens unlock at month 12. after roughly ten hours, traders priced ALIGN at $0.02159, 28% below CoinList's lower $0.03 sale option. the month-12 unlock equals 108% of the roughly 1.6b launch float.Twenty Tickers, One Story: Where the Money Moved During Crypto's Breakout Week When $BTC tore through $75,000 during trading on August 21, it didn't move alone. Behind the headline number sat a much messier picture — a market where capital was pouring into some corners and quietly draining from others, even as the overall mood turned unmistakably bullish. The Number Everyone Saw $BTC's breakout is the confirmed, well-documented part of this story. The token touched roughly $75,800 intraday befo57800 USD
Perhaps this is the bottom of this $BTC Bitcoin bear market
Looking back now, I increasingly feel that around 57800 USD might be the true bottom of this BTC bear market.
At the end of June, Bitcoin hit a low of about 57800 USD, marking a 21-month low. The environment was actually very bad at that time, with the Federal Reserve leaning hawkish, continuous ETF outflows, and billions of dollars withdrawn in June alone. Market sentiment had basically reached extreme pessimism.
But despite so many negative factors, BTC did not continue to collapse.
Now Bitcoin has rebounded all the way from 57800, even breaking through 79000 USD at one point today, marking a maximum rebound of over 36% from the bottom. Meanwhile, ETF funds are flowing back in, and regulatory expectations are starting to improve.
So now I am beginning to see 57800 as a very important level.
Bear market bottoms are often only recognized after the fact, once everyone realizes: the lowest point had already passed.
$ETH $DOGE $BTC The reason for the crypto surge was not just political statements, but hidden liquidity injection ⚙️:
The spark 🇺🇸: The US Treasury doubled the repurchase of long-term bonds to lower interest rates, replacing them with short-term debt.
The closed loop 🔄: Stablecoin companies feed short-term debt, and the Treasury lowers interest rates, so money flows back to Bitcoin!
The explosion 💥: Short squeeze and $3B liquidation forced speculators to buy, causing the price to rise rapidly.
🚨 Alert: The rise button was pressed by America, but the fall button is in Japan's hands if they raise interest rates! After more than three months, the price of Ethereum has finally surpassed the $2300 mark.
From an external perspective, the rebound in macro risk appetite, improved regulatory expectations, and short squeeze have directly driven ETH's rise; internally, continuous inflows into spot ETFs, accelerated institutional allocation, and the steadily increasing scale of ETH staking have also been improving the market's medium- to long-term outlook for Ethereum.
Ethereum's strong "recovery" marks the first time in this bear market that it has crossed the golden line.
E-Guardians have finally witnessed Ethereum's strong "recovery."
According to CoinGecko data, as of August 21, the ETH price rose to around $2354, recovering to the level seen in early May this year.
In just one week, ETH increased by about 25%, ranking among the top ten gainers within the top 100 crypto assets by market cap, significantly outperforming Bitcoin during the same period. Meanwhile, the ETH/BTC exchange rate has continued to break the long-term downtrend, currently rebounding to around 0.031, returning to the level seen in April this year. $ETH $BTC BTC’s 7.95% advance is the signal that matters, but it is not yet a clean market-wide risk-on turn. ETH and SOL are higher by 4.25% and 3.76%, respectively, leaving BTC with clear relative strength around $77,687.
My read is that this move deserves respect, not pursuit. With the FOMC split and Treasury buybacks still framing the macro debate, broader confirmation from major alts would make the rally more durable. Until then, I see a BTC-led repricing rather than a settled change in regime.
Not advice, just analysis.79603! BTC is still at a new high; behind the excitement, we must see the reality clearly
BTC has continuously refreshed its stage high for more than two months, with the market forcing shorts to cover nonstop. The greed index has reached 62, officially entering the greed zone.
Contract data: In the past 24 hours, the total liquidation across the network was $3.343 billion, with short liquidations accounting for over 90%. This epic short squeeze and forced buy orders have continuously pushed prices up. The total open interest of BTC contracts across the network is $54 billion, with funding rates remaining positive and long crowding increasing. The daily RSI-14 has reached 79, entering a severe overbought zone, and the Bollinger Bands are running along the upper band, accumulating short-term correction risk.
ETF funds: There was a large single-day net inflow, but no continuous multi-day stable inflows have formed. Institutional funds are entering intermittently, and long-term incremental funds have not flooded in massively.
On-chain data: Long-term dormant BTC supply remains at historically high levels, with long-term whale holdings not undergoing large-scale sell-offs; however, after this rally, about 44,300 profitable BTC were transferred to exchanges in a single day, indicating a clear increase in short-term profit-taking selling pressure. Total exchange inventory continues to decline, representing ongoing long-term coin hoarding behavior, but short-term chip divergence has already widened.
Core reality: A large part of this new high is driven by a short squeeze, which does not fully equal massive spot incremental funds entering the market. The short liquidation dividend will eventually run out, and once new funds fail to take over, the overbought structure at high levels can easily trigger a technical pullback.
This article is only a market review and does not constitute any investment advice. $BTC $ETH $SOL In my opinion, I wouldn't just treat such a strong trend as a mere rebound unless there's very large-scale resistance at levels like 82,000 or 95,000. Secondly, if you're already in the market, don't miss out. Holding BTC and ETH might yield smaller profits, but with ETH, the mindset tends to get caught up in chasing various altcoins for catch-up gains, switching back and forth, which could easily lead to bigger losses. There are plenty of opportunities on the right side once the bull market is confirmed; you can tell by how the market liquidity looks. If you want to trade, ask yourself a few questions: 1. How much position can you take? 2. Is there fresh capital coming in from outside? 3. Will the fundamentals and narratives that have collapsed revert just because Bitcoin has risen 30%? Of course, trading those altcoins on the gain charts, pump coins, or chasing hot topics is another matter—I’m not talking about those, no problem there. I’m referring to the big, established mainstream coins.📊 $LAB Contract Liquidation Express (August 21)
Bulls controlled the market throughout but momentum kept fading, with 24-hour liquidations surpassing $180,000, and the crushing ratio plummeting from 38.7x to 5.5x...
Time Total Liquidation Long Liquidation Short Liquidation
1 hour $58,000 $57,800 $242.48
4 hours $87,900 $85,700 $2,215.91
12 hours $141,100 $136,400 $4,713.13
24 hours $180,800 $153,100 $27,700
From LAB liquidation data: In 1 hour, longs crushed shorts with longs being 238 times the shorts, volume at $57,800, bulls tentatively controlling the market in an extreme stance; at 4 hours, direction confirmed, long liquidations crushed shorts with longs 38.7 times shorts, liquidation volume rose to $85,700, bulls took over the game with a crushing posture but the ratio dropped significantly from the extreme; at 12 hours, bull momentum sharply declined, longs only had a 28.9x advantage, liquidation volume rose to $136,400, bulls continued control but the ratio kept narrowing; at 24 hours, bull advantage collapsed, long liquidations at $153,100 versus shorts at $27,700, bulls only had a 5.5x advantage, cumulative liquidations exceeded $180,000. The 12-hour liquidation accounted for 78% of the 24-hour total, showing high concentration, with bulls completing most of the harvesting within 12 hours. The crushing ratio fell from 238x at 1 hour to 5.5x at 24 hours, bull momentum showed continuous one-sided exhaustion, the short squeeze rally is nearing its end, and the bull-bear gap is rapidly returning to equilibrium. Leverage is recommended to be compressed to within 3x; although the direction is still bullish, the strength has significantly weakened, so avoid blindly chasing longs.
🔥 Market Indicator | August 21
Today's three hot topics point to the same theme: capital is simultaneously seeking new pricing anchors in three tracks—whether Bitcoin's short squeeze can turn into a bull market, whether Anthropic's trillion-dollar valuation can sustain the AI bubble, and whether Pop Mart's IP iteration can transcend cycles.
₿ BTC breaks $75,000: Shorts face record liquidations, but short squeeze momentum is fading
On August 21, Bitcoin strongly broke through the $75,000 mark, with Binance hitting a summer high of $75,744. The 24-hour gain once exceeded 8%.
Liquidation data set new records again—daily short liquidations across the network reached $1.42 billion, one of the largest short squeezes in Bitcoin history. As of the morning of August 21, Bitcoin was around $74,808, with a nearly 24-hour gain of 7.18%.
However, market data shows that new leveraged long funds have not yet entered on a large scale; this round of rise is still mainly driven by short covering. ETF capital flow showed positive signals—on August 20, the US spot Bitcoin ETF had a single-day net inflow of $606 million, a three-month high, with BlackRock's IBIT accounting for $503 million. After the short squeeze, the real test is just beginning—whether spot buying and ETF inflows can continue to take over will determine how far this rally can go.
🤖 Anthropic aims for the largest IPO in history: fundraising may exceed $75 billion, valuation targets $2 trillion
Insiders revealed that Anthropic expects to publicly submit IPO documents as early as the end of August, with fundraising possibly matching or surpassing SpaceX's record $75 billion, targeting a valuation of $1.5 to $2 trillion.
In May this year, Anthropic completed $65 billion financing, with a valuation of $965 billion, surpassing OpenAI's $852 billion. Secondary market IPO valuation expectations have risen from $1.2 trillion in early July to $2 trillion or more in August. Founded only five years ago, aiming for the largest IPO in history—when the secondary market prices it at $2 trillion, the market is betting not on current profits but on AI's thorough restructuring of the enterprise market.
🎨 Pop Mart Half-Year Report: LABUBU still first, Star People surges 580% to take over
On August 20, Pop Mart released its 2026 half-year report: revenue of 17.17 billion yuan, up 23.8% year-on-year; adjusted net profit of 5.16 billion yuan.
IP landscape drastically reshaped. THE MONSTERS series, where LABUBU belongs, generated 4.45 billion yuan revenue, still first, but its revenue share dropped from 34.7% last year to 26%; new IP "Star People" revenue surged 580.6% year-on-year to 2.65 billion yuan, becoming the second largest IP. Six major IPs generated over 1 billion yuan each, and 11 IPs earned over 100 million yuan. LABUBU slows down, Star People takes over—the lifecycle management of IPs is undergoing the toughest test.
💎 Summary
Three events sketch the same picture: Bitcoin broke $75,000 with $1.42 billion short squeeze, but whether spot buying can take over is key; LAB contract market's bull crushing ratio fell from 238x to 5.5x, short squeeze rally is near its end, cumulative liquidations exceeded $180,000, bull-bear gap is rapidly returning to balance; Anthropic targets the largest IPO ever with a $2 trillion valuation, redefining the limits of the AI bubble; Pop Mart's LABUBU slows while Star People surges 580%, IP succession is ongoing. When the short squeeze recedes, IPO volume soars, and IP shifts happen simultaneously—who will be the true successor? #BTC加速拉升，资金还能继续接力吗？
#Anthropic拟8月底公开IPO文件，募资或追平SpaceX
#财报观察员：泡泡玛特增长换挡，多IP能否接力？ Daly came out to speak, still with that steady tone typical of an old-school Fed official: the current policy is fine, and there's no reason to raise rates early. If this came from someone else, it might just be routine, but coming from Daly, the market sensed something — she’s neither hawkish nor dovish; she belongs to the 'wait for the wind' camp. She even specifically mentioned that AI investment won’t push overall inflation higher. Who is this for? It’s for those recently losing sleep over Nvidia and the computing power narrative. But interestingly, as soon as she finished, a more hawkish tone drifted from Musalem’s side. The Fed has always been like this internally: some gauge the temperature, others watch the flames. Daly says to keep observing, Musalem warns not to be complacent; each plays their part, and the market has to find its own balance. So Daly’s 'moderation' doesn’t mean calm seas, it’s more like a call before the storm. Looking at the market, BTC just broke out of a five-month downtrend line, which is a clear signal. Plus, before the FOMC meeting, bulls quietly started adding positions, and combined with Daly’s 'pause on rate hikes' stance, the whole risk asset space feels like it’s had a warm drink. But don’t rush to call a bull market yet; variables like the dollar and oil are still acting sideways. The $xDELL US stock token has recently been closely tied to macro sentiment. During Daly’s speech, it pushed up with the broader market, then pulled back following Musalem’s comments. Ultimately, it represents 'US stock expectations' rather than the 'crypto pulse'; what you need to watch is Wall Street’s mood, not In the past two days, about $3.8 billion in short positions in the crypto market have been forced liquidated. On August 20, the single-day liquidation volume hit the highest level since 2021, followed by about $1 billion in short exits on Friday. $BTC surged to around $76,000 at one point, $ETH climbed back above $2,350, and $SOL also broke through around $90. Meanwhile, the US spot BTC ETF saw a single-day net inflow of about $517 million, indicating that this rally is not driven solely by leveraged liquidations. But two things need to be clarified here: 📈 the price increase is real 🔥, and the buying from short squeezes is real. The forced liquidation shorts did not suddenly believe BTC was valuable, but were forced to cover positions after losses widened. So what really matters now is not "how much has risen," but whether, after the liquidation wave ends, spot funds can continue to take over. If ETF inflows, spot demand, and market liquidity continue to improve, this rally is more likely to evolve from a short squeeze into a true trend #BTCRallyOrSqueeze #AnthropicIPONears #PopMartEarningsWatchDiscovered a wallet address created 8 days ago that bought $2.97K worth of $CC at an average market cap of $117.95K, acquiring a total of 24.1M tokens. It has already transferred out 14.1M tokens worth $32K, with 41.44% of the position remaining, currently worth $19.7K, realizing a total profit of +$48.85K.
More info:
Win Rate: 20%
Total PnL: +$27.5K (+18.07%)
Bal: 0.812 $SOL ($73.66)
Wallet address:This wave of Bitcoin is rising—is it just a brief pump-and-dump? The big cake isn’t sleeping today, breathing over $75,000, directly entering the “Buddhist shock” atmosphere of the past few months. Many short brothers realize they are still counting money in their dreams, but when they wake up, they see their positions evaporated on the spot—the data shows nearly $3 billion in positions over 24 hours, which is interest, basically a large-scale “short burn zone.” Some ask: is the wave real, or the last joy? We must see where the money is coming from. The US ETFs are very happy, with a daily net inflow of $700 million, BTC and ETH are eating meat. This indicates that traditional money is slowly shifting its butt into the game, not just shouting with their mouths. But the problem is also here—retail stablecoins have no big moves, and if trading volume can’t keep up, this wave might be a “big puppet show” to complete a wave of spice. The market is very different now. On one hand, this is the position dispersion after forcing short-term fireworks; on the other hand, a trend reversal appears due to ETF returns. When I say don’t rush to get up, first look at two things: one is whether subsequent trading volume can further expand, and the other is whether someone is secretly delivering at the high point. If both are unstable, the next possibility is likely a roller coaster, and running brothers must fasten their seat belts. Anyway, the cake is strong, but not the top. The leverage of this thing, used well, is a ladder; used badly, it’s a cliff. The louder the action, the more you need to stay half-awake to watch the show. 8.21 Is the bull market here?
1. Judging solely from the candlestick pattern, the current weekly trend is the same as the end of the bear and start of the bull in 2018 and 2022. A large-volume solid candlestick has decisively broken above the bull market support zone, which is a very bullish signal at the weekly level.
2. The only difference is that in 2018 and at the end of 2022, the bottom was also the bottom of the stock index. Currently, the stock index is still at a historical high. The current background is more similar to the last cycle in May 2021 when BTC halved from 60,000 to 30,000 and then hit a new high of 69,000. At that time, the stock index was also at a historical high. Regardless, the bulls can at least last for one or two months.#财报观察员：泡泡玛特增长换挡，多IP能否接力？
Pop Mart's half-year report shows revenue of 17.17 billion and net profit of 5.04 billion, impressive figures for any consumer company. However, the market compares this to the expected revenue of 19.98 billion and profit of 6.64 billion, deeming it a failure. The core issue isn't low earnings but the growth rate shifting gears too quickly, too fast for the market to keep up.
Q1 growth was still at 75%-80%, but the overall growth for the first half dropped directly to 23.8%. The high base accumulated from rapid growth in Q1 combined with a sudden slowdown in overseas business in the first half caused the growth rate to plummet inevitably.
The overseas market is the biggest variable. Overseas revenue in the first half was 4.972 billion, down 11.6% year-on-year. Asia-Pacific dropped 9.7%, Americas dropped 16.5%. Online channels were even worse, with Asia-Pacific online revenue down 39.8% and Americas down 45.6%. The growth engine driven by overseas online traffic in the past two years is undergoing a demand reset.
While online is cooling off, offline is expanding. Americas stores increased from 41 to 86, Europe from 18 to 45. Overseas offline revenue grew 19.5% and 49.8% respectively. The shift from burning money to acquire new users online to refined offline operations is logical, but the growing pains during this transition will directly impact growth rates.
Wang Ning himself said it is very likely that the 20% growth target for this year will not be met, and 2026 is positioned as a "consolidation year." #BTC accelerating its rise, can the funds continue to take over?
The leader has something to say
BTC went long directly at 74800 during the morning live broadcast and is still in the pattern. Ethereum entered simultaneously at 2248, target 80000.
The logic behind this upward wave has been analyzed before. The Treasury doubled the long-term bond repurchase, the 30-year US Treasury yield dropped from 5.33% to around 5.18%, and liquidity expectations reversed directly. At the White House summit, Trump personally said the government discussed accumulating a considerable amount of Bitcoin, confirming the strategic reserve at the statement level. The SEC's regulatory draft has also been implemented, opening a compliant financing path for projects. These three events combined caused a short squeeze, wiping out $3 billion in positions.
BTC surged from 64000 to above 75000, more than 10,000 points in two days. At this point in the short squeeze rally, the cost-effectiveness of chasing highs is decreasing, but before the trend ends, holding long positions is better than repeatedly trading.
Set stop loss for the 74800 long at 71500; breaking this means the short squeeze has entered a consolidation phase. The target is the 80000 round number; reduce positions upon reaching it, and keep the rest in the pattern.
Ethereum long at 2248 moves in tandem with BTC; ETH has shown greater elasticity in this short squeeze. Set stop loss at 2100, target 2600.
SPCX base positions continue in the pattern, profits are sufficient. Wait for storage to pull back before acting. $BTC $ETH $SOL
The most important thing in trading is to hold positions confidently after timing the rhythm correctly. Since you have boarded this wave, don't get off easily.
The above analysis is time-sensitive; orders must have stop losses set. Good luck.$BTC Three core drivers of this rally
1. Positive regulatory expectations: The White House met with crypto industry executives, and the market is pricing in the advancement of the "Clarity Act" (key milestone: Senate vote on September 15)
2. Improved macro liquidity expectations: The U.S. Treasury raised the upper limit on long-term bond repos, long-term bond yields declined, benefiting risk-free assets
3. Spot ETF capital inflow + short squeeze resonance: Spot BTC ETF saw the largest single-day net inflow in nearly three and a half months; a large number of short positions accumulated earlier were forced to close after breaking key levels, further pushing up the price Currently, there are two judgments about the mainstream
First, due to the rise in gold, and since gold and the US dollar are hedges against each other, this indicates a weakening of the dollar and an increase in rate cut expectations.
This is indeed good news for the mainstream
But what worries me more is the US Treasury yield. The US Treasury yield has risen again, and even timely intervention by the Treasury Department has not been very effective
The US fiscal deficit, debt scale, inflation, and geopolitical conflicts have affected investors' confidence in long-term US Treasuries, causing some funds to shift to gold and BTC. Reuters also mentioned today that both gold and Bitcoin are rising, while US Treasury yields continue to climb.
There are positives, but logically, negatives also exist. With today's rally, I still cannot conclude it is a one-sided bull market; I can only say it is a rebound in a downtrend, not a reversal yet
With such a large market increase, a correction should be due
So for $ETH, I took profit and reversed to short at 2440. I didn't get to do it for Bitcoin first, so I hedged first #BTC加速拉升，资金还能继续接力吗？ The rise of $BTC and $ETH has clearly accelerated, not only due to a warming market sentiment but also an improvement in both liquidity and macro conditions. The latest data shows that on August 19, the US spot Bitcoin ETF saw a single-day net inflow of about $517 million, becoming an important signal of recent capital inflows; Ethereum ETFs also recorded about $189 million in inflows during the same period. Meanwhile, the U.S. Treasury announced it will increase the scale of long-term U.S. Treasury repurchases from about $2 billion per deal to at least $4 billion, easing pressure on long-term yields and creating a more liquidity environment for risk assets. Even more noteworthy is that leveraged funds are accelerating their clearing. Between August 19 and 20, short liquidations in the crypto market exceeded $3 billion, BTC briefly broke through $70,000, and ETH quickly surged above $2,200, with bears forced to cover and further amplify the rally. There have also been positive changes at the policy level. Trump once again urged Congress to advance the CLARITY Act at a White House crypto meeting, fueling market expectations for further clarity in the U.S. digital asset regulatory framework. The relevant procedural vote is currently expected to become an important observation point around September 15. So what truly deserves attention in this round of market is not just price increases, but rather: → ETF funds returning → US Treasury buybacks improving liquidity expectations → concentrated short liquidations acting as an accelerator → warming US crypto regulatory expectations If institutional funds continue to enter the market, can BTC hold above $70,000 and ETH?1.8 Billion Options Settlement Imminent: What Hidden Danger Lies in the Extremely Dispersed Bullish Gex and the Nearly Vacuumed Downside Defense Line?
Bitcoin and Ethereum have violently surged in a short period with thunderous momentum, but a set of micro data recently disclosed in the options market has lit a highly cautionary yellow light amid the network-wide bullish frenzy.
According to the latest settlement data revealed by Greekslive, this week a total of 24,000 Bitcoin options will expire, with a Put Call Ratio of 0.84, and the maximum pain point firmly at $67,000, with a nominal value as high as $1.82 billion. Meanwhile, Ethereum also has 149,000 options expiring, with the Put Call Ratio also at 0.84, the maximum pain point at $2,000, and a nominal value of about $360 million.
On the surface, the options expiring this week account for only about 6% of the total open interest across the network. Although the total open interest has rebounded, it remains at historically low levels.
But the truly intriguing abnormal signals lie in the sharply soaring options trading heat and the extremely distorted Gamma risk exposure (Gex) structure.
Due to the rapid and steep price surge over the past few days, the bullish Gex in the options market shows an unprecedented "multi-point dispersion" state.
Speculative funds are betting all over strike prices at 70,000, 72,000, 75,000, and even further out. Market makers have not formed a massive bullish options resistance wall at any single high point. While this opens a channel for spot price momentum to surge, the flip side is a structural hidden risk that all leveraged bulls must be wary of—the downside Gex is almost negligible.
In the hedging mechanism of derivatives market makers, the vacuum state of downside Gex is often a deadly double-edged sword.
Normally, when the market has accumulated sufficient put options at key support levels, if the price suddenly dips, option market makers must passively execute "buying spot on dips" hedging actions to maintain Delta neutrality. These passive buy orders from market makers act like a natural safety airbag on the order book, providing ample liquidity buffer during sharp declines.
However, in the current extreme frenzy, the entire network is almost defenseless in a "one-sided, no blind spot long" state.
Almost no one is willing to spend money buying puts below for protection, and the market maker hedging chips on the bearish side are extremely scarce. This means that once the main spot funds choose to take phased profits above $75,000, or if any macro-level disturbance occurs, the market will completely lose the Gamma airbag support from market makers during a rapid downturn.
Without put hedging support, a downside retracement can easily evolve into an "elevator-style wick" scenario of "bulls stepping on themselves, liquidity instantly vacuumed."
From a trading strategy perspective, the current low open interest but extremely high turnover indicates that the short-term market pulse is driven not by deep institutional long-term lock-up, but by a large amount of momentum-chasing short-term hot money.
At present, with a huge divergence between the options maximum pain points (BTC $67,000, ETH $2,000) and spot prices, although the bull market is unbounded and a short squeeze is hard to be forcibly pulled back by the pain points, blindly increasing leverage to chase pure long positions above resistance levels in a market structure with nearly vacuumed downside Gex is like walking a high-wire without a safety net.
Faced with a one-sided long market with dispersed bullish Gex and vacuumed downside defense, is your strategy to decisively enjoy the bubble and add positions accordingly, or to allocate some out-of-the-money puts in the frenzy to guard against potential liquidity wicks?
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The above content represents personal views only and does not constitute any investment advice. DYOR, NFA.
#BTC加速拉升，资金还能继续接力吗？ #FOMC9To3Split The Federal Open Market Committee voted 9–3 to keep the federal-funds target range at 3.50%–3.75%. The unusually divided decision attracted attention because three officials preferred a 25-basis-point increase. That split suggests the debate has shifted away from when to cut rates and toward whether policy is restrictive enough to contain inflation. Markets must now consider that the next move is not automatically lower, particularly if energy prices or inflation expectations remain elevated.
For risk assets, the internal disagreement matters almost as much as the final decision. A divided committee makes future policy less predictable and increases the importance of every employment and inflation release. Bitcoin and equities may welcome unchanged rates initially, but longer-term Treasury yields could remain high if investors believe the Fed is falling behind inflation. The constructive scenario is slower inflation without a major deterioration in growth. The riskier scenario is persistent inflation forcing a later hike after markets have already priced in easing. Traders should watch incoming data and official guidance instead of treating one unchanged-rate decision as a permanent policy signal.$BTC BTC 77936, pulled from 71000 to 79600, rising over 8000 dollars in less than two days. RSI6=98.34, RSI12=95.56, RSI24=90.55 — extreme overbought signals on the daily chart. ETH at 94.83, BTC at 95, these values indicate the market sentiment has reached an extremely euphoric state.😅
SAR=69154 is far below, EMA21=70114, EMA55=66867, price deviates from moving averages by nearly 8000 dollars, with a divergence rate over 10%. Such a level of divergence is rare in Bitcoin's candlestick history.
The US Department of Justice accuses Iranian hackers of infiltrating HBO, what does that have to do with BTC? I don't get it. But it doesn't matter — when the market is rising, any news can be interpreted as bullish. People just need a reason; whether it makes sense is another matter.
When just missing out, the mindset is "wait a bit longer"; when BTC reached 72000, the mindset changed to "should I chase now?"; now at 78000, the mindset is "forget it, I've already missed out anyway." The truest state of those who missed out is — watching it rise all the way, comforting themselves with "it will pull back eventually," and then missing out completely.😂
Comment below, do you think BTC can reach 80000? Or is 78000 the short-term top?😅
When RSI6=98, those chasing highs often think they are trend traders. But trend traders enter when the trend starts, not rushing in at the end of the trend to catch the bag. Will this time be different? Show your trades and speak up, if you disagree, bring it on.🔥Bitcoin finally moved, surging past $75,000 in one go.
It had been hovering around $65,000 for the past few months, with volatility compressed to historic lows, and the market nearly asleep. On August 19, volume suddenly spiked and it broke through $75,000 at its peak, hitting a nearly three-month high. This surge directly crushed the shorts—about $3 billion worth of liquidations occurred across the network in 24 hours, with short liquidations accounting for over $2.7 billion, setting the largest single-day short liquidation record in Bitcoin's history.
There were also long-awaited signs of capital inflow recovery. On August 19, the US $BTC spot ETF saw a net inflow of about $517 million, marking the third consecutive day of net inflows, with BlackRock's IBIT alone absorbing $285 million in a single day. The $ETH spot ETF also had a net inflow of about $189 million, totaling over $700 million combined. Institutional buying is indeed returning.
But the problems are also clear. Exchange stablecoin reserves have dropped by $16 billion since the end of last year, down about 20%, indicating a contraction of on-exchange liquidity. The current divergence is clear: is this rally a short-term squeeze-driven acceleration, or a trend recovery brought by renewed ETF and spot buying?
In the short term, a squeeze-driven rally comes fast and can retreat just as quickly. Whether it can hold above $75,000 depends on whether subsequent trading volume can keep up and whether stablecoin liquidity can improve. Without new money coming in, profit-taking at high levels will surge, and volatility won’t be small.
#BTC加速拉升，资金还能继续接力吗？ DOGE might be the asset in the crypto market that "takes advantage" the most — its market cap rarely ranks in the top five, yet its recognition level is always on par with Bitcoin and Ethereum. Many people can't even clearly explain what a smart contract is, but they can instantly recognize that Shiba Inu dog, which in itself is a business worth analyzing.
Let's start with the fundamentals: in most awareness surveys, ETH and SOL still rank ahead of DOGE. ETH has a retail holding rate of about 40%, DOGE about 26%, close to but slightly lower than SOL. But here is a mismatch — $DOGE's popularity is completely disproportionate to its market cap and technical contribution. ETH has the entire DeFi and stablecoin infrastructure backing it, SOL has the narrative of a high-performance chain ecosystem, so what does DOGE have? Only a symbol that hasn't changed in over a decade and a community. This is a typical example of "brand premium": it doesn't need to tell a technical story because what it sells is not functionality, but recognition.
The logic of the attention economy is vividly reflected here. An asset recognized even by people who don't watch the market naturally has lower customer acquisition costs and higher emotional transmission efficiency. Every celebrity mention, every rumor of a payment scenario, can directly translate into trading heat. ETH and SOL have to work hard to educate the market "what I am," DOGE only needs to remind everyone "I'm still here."
Of course, brand premium is a double-edged sword — it can support traffic but cannot anchor valuation. Assets with technical narratives have ecosystem data to support them when prices fall, while pure brand assets' pricing depends more on the persistence of attention.$LTC LTC Intraday Trading Strategy
Why does LTC, known as digital silver and linked to BTC, experience amplified volatility, and how to grasp its elasticity intraday while avoiding false breakouts and shakeouts?
LTC, commonly called digital silver, is a well-established mainstream coin with ample liquidity. Its market moves are highly correlated with BTC, and during risk-on sentiment, its volatility tends to exceed that of Bitcoin. Halving expectations and on-chain news can trigger short-term anomalies. Within a consolidation range, false breakouts often occur, where key levels are pierced but prices quickly return to the range, causing repeated stop-loss hunting.
Market Analysis
During market consolidation, LTC oscillates within a range, with candlesticks alternating between bullish and bearish, and bulls and bears repeatedly testing levels. Reduce trade frequency and avoid entering on minor intraday fluctuations. Only consider entries when price pulls back to key support with clear reversal candlesticks and rebounds to resistance with signs of stalling.
In trending markets, volume is key to distinguishing real from fake breakouts. Breakouts or breakdowns without volume are usually shakeouts and should not be treated as valid. Frequent stop-loss hunting and chaotic price action call for halting new entries; if two consecutive intraday trades result in losses, stop all trading for the day to prevent emotional losses.
Entry Criteria
In ranging markets: take light long positions near lower key support and light short positions near strong upper resistance; avoid trading in the middle of the range and ignore minor spikes.
In trending markets: wait for volume-confirmed valid breakouts or breakdowns, then enter after price retests and confirms the breakout without returning to the original range. Instant spikes up or down are not valid breakouts; do not chase these moves.
Avoid trading during halving expectations or sudden on-chain announcements; do not enter immediately. Wait for the news to be absorbed and the market to stabilize before assessing opportunities.
Position and Risk Management
LTC’s volatility exceeds BTC’s, and stop-loss hunting spikes occur. Maintain light positions intraday, reduce exposure further during news-driven volatility, and strictly avoid heavy positions or adding against the trend.
Set stop-loss orders in advance for every trade, allowing enough room for spikes. Once set, do not move or cancel stop-losses. Avoid revenge trading after losses, do not hold losing positions, do not average down; exit small losses promptly to avoid deep drawdowns.
Profit Taking
LTC has good elasticity but limited impulse duration. Avoid greed for full large swings. Reduce positions at the first profit target to lock in most gains, move stop-loss on remaining positions near the cost basis. Always secure profits and beware of rapid retracements that can turn gains into losses.
Trading Rules
1. Strictly adhere to pure intraday trading; close positions the same day to avoid overnight risks from on-chain news or market gaps.
2. Use BTC market trends as the directional guide; LTC rarely diverges with independent large moves, do not trade against the major trend.
3. Avoid chasing low-volume short-term spikes; only trade volume-confirmed moves.
4. Accept small stop-losses; not every trade must be profitable; accumulate gains through a reasonable risk-reward ratio.
Risk Warning: The virtual currency market is highly volatile. This article is a personal record of intraday trading ideas and does not constitute any investment advice. Bottom fishing turned into a treasure! $CORE 20x long, directly maximizing bullish profits!
At the 0.02145 bottom area, MACD golden cross, I heavily went long accordingly. Stop loss locked at 0.02050, take profit aimed at 0.0240, but it surged straight to 0.02493! Massive gain of 324.47%!
This wave wasn’t luck, but a resonance of courage and skill. Respect the market, follow the trend, and let profits run wild! $BTC $ETH #BTC加速拉升，资金还能继续接力吗？ 报告日期：2026 年 8 月 21 日 数据来源：Gate.io 现货日线 / 实时行情（截至 2026-08-21）、alternative.me 恐惧贪婪指数 配图： 一、核心结论（TL;DR） 现在下"牛市已来"的结论为时尚早，但"熊市大概率已经结束"的证据正在快速积累。 过去 10 个月，加密市场经历了一轮深度熊市：BTC 从 2025-10-06 的历史高点 $124,659 最低跌至 $58,632（2026-06-30，最大回撤约 -53%），ETH 从 $4,831 跌至 $1,568（最大回撤约 -68%）。6 月底以来市场见底回升，而 8 月 19–21 日出现放量急涨：BTC 三日上涨约 20% 至 $77,943（24h +8.5%），ETH 三日上涨约 25% 至 $2,400（24h +4.8%），成交量放大至前 30 日均量的 3.3–3.9 倍，恐惧贪婪指数两日内从"恐惧"（29–46）跳升至"贪婪"（72）。 这更像是一次熊市底部的右侧确认行情 / 新周期第一浪启动，而非已经展开的全面牛市。是否确认牛市，取决于后文列出的几个关键位能否站稳。 二、市场DOGE's true moat is not in the code, but in its "shelf position."
Open any exchange or any wallet, and DOGE almost always sits in the top few spots on the supported list. This ubiquity is not a technical victory but a network effect accumulated over a decade: platforms support it because users want it; new users buy it because platforms support it. Once this cycle starts, it's hard for newcomers to break in.
For new entrants, the first hurdle in buying coins is not which one to choose, but "which one won't go wrong." $DOGE has a low unit price, high popularity, and is widely available for buying and withdrawal, making the psychological barrier and friction cost nearly zero. Thus, it becomes the first stop for many people besides BTC—this "entry asset" position is more valuable than any technical advantage. Liquidity brings liquidity, familiarity brings new buyers, and the wider the exchange channels, the deeper the moat.
But we must also see the other side of the coin. Zero friction means holding costs are also close to zero—funds that run fast when prices rise withdraw even faster when prices fall. DOGE has no supply cap, with ongoing inflation diluting it; what supports it is consensus and habit, and habits can shift. Once in a cycle the "first stop" for new users changes to another asset, the shelf position won't disappear immediately, but the conversion rate will quietly decline.
So the essence of DOGE's story is a channel business: it doesn't win by product, but by wide distribution and memorability. As long as the mindset of "the newcomer's first altcoin" remains in its hands, this moat will keep flowing. ETF has seen inflows for 4 consecutive days, with BTC and ETH both attracting capital: Have institutions really returned, or are they just covering shorts?
The easiest thing to misjudge in this wave is not $BTC surging to 78,000, but that ETF funds have finally returned continuously.
The latest settled data shows that the US spot BTC ETF has had net inflows for 4 consecutive trading days: 297.5 million, 186.4 million, 497.5 million, and the latest day shrank to 38.6 million, totaling about 1.02 billion USD.
$ETH is also strong, with recent single-day net inflows around 189.1 million USD, and about 71.5 million USD the previous trading day. Institutional buying is indeed starting to pick up.
But I'm not in a hurry to say "institutions have fully returned."
Because BTC is now around 78,056, up nearly 9% in 24 hours; ETH around 2,410, up nearly 6%. Prices are moving faster than the latest ETF inflows, indicating that in this rally, short squeezes and short covering still account for a large part.
There are only two signals to really watch:
Whether ETF inflows can continue;
Whether BTC can hold 76,000, and ETH can turn 2,400 into support.
If they hold, it means spot funds are starting to take over; if not, the previous inflows may have just provided fuel for short covering.
Brothers, do you think institutions are buying back this time, or are shorts being forced to pay first?
$BTC $ETH #BTC加速拉升，资金还能继续接力吗？ #美联储7月FOMC纪要9比3，官员加息分歧仍在 Three days 64000→75000, up 17%, this short squeeze really crushed the bears.
My long position at 64700 is showing nice floating profits, but the higher it goes, the more uneasy I feel.
It's not fear of the high price, but this first surge is driven by short covering, not real spot money piling in.
The policy cards are indeed strong:
US Treasury repo doubled, CLARITY Act vote on 9.15, White House crypto meeting, ETF inflows of 700 million in two days...
Sentiment is ignited, CryptoQuant also says spot + perpetual demand finally turned positive simultaneously.
But the daily RSI hit 80, technically clearly overbought.
Short squeeze can start a rally, but it can't sustain it.
After the shorts are cleared, will the relay be faith or new retail?
75000 has been touched, whether it holds or not will be clear in the next few days.
Now it's not about who makes more profit, but who runs more steadily.👊
BTC is accelerating upward, can the funds keep the relay going? In three days, from 64,000 to 75,000, this short squeeze is indeed fierce.
My long position at 64,700 has already gained a substantial floating profit, but to be honest—I’m a bit nervous.
A 3% increase in 24 hours, reaching a high of 75,700, the shorts were basically wiped out in one wave, with over 3 billion USD liquidated.
On the surface, it looks like a relay of funds, but in reality, the shorts were forced into liquidation and pushed up passively.
Several ignition points were indeed strong:
The US Treasury doubled the long bond repurchase limit to 4 billion, causing yields to fall;
The White House confirmed the CLARITY Act vote on September 15;
ETF net inflows for two consecutive days, with BTC+ETH totaling over 700 million in a single day;
CryptoQuant founder: spot + perpetual demand turned positive simultaneously for the first time since October 2025.
But technically, it’s seriously overbought, with the daily RSI soaring to 80.
A short squeeze can start a trend, but it’s hard to sustain it.
After the shorts are cleared, will the relay be taken over by spot buying or just residual sentiment?
75,000 has already been touched; whether it can hold depends on these next few days.
No guessing the top, just watching the support.👊
BTC is accelerating upwards, can the funds continue to relay?Funny thing about the fastest stretches of account growth: they rarely came from being in the thick of it. They came from sitting on hands while everyone else got swept.
Tonight's squeeze is real — the biggest forced-liquidation event on record, shorts buying back at a loss, price feeding on its own momentum. But forced covering isn't the same as conviction buying. It just looks identical in the moment.
The skill isn't spotting action. It's surviving the itch when there's none to take.
$BTC $BTC BTC Intraday Trading Strategy
Why does BTC, as the benchmark of the overall market, frequently experience sharp spikes and stop-loss sweeps? How to filter out noise intraday and seize high-certainty short-term opportunities?
BTC is the cornerstone of the crypto market, with the strongest liquidity and deep order books. Most altcoins follow BTC's trend. Its overall volatility is milder compared to altcoins, but false breakouts and stop-loss sweeps during consolidation phases are very common. Fed announcements, US stock market correlations, and regulatory news often trigger sudden moves. Its direction directly determines the profit potential of the entire market.
Market Analysis
During consolidation phases, BTC oscillates within a range, with candlesticks alternating between bullish and bearish, and bulls and bears probing each other. Reduce the number of entries and avoid frequent trades on minor intraday fluctuations. Only when BTC pulls back to key support with clear signs of halting the decline, and rebounds to resistance showing signs of stalling, is it suitable to test positions.
In strong trending markets, volume is key to judging the authenticity of breakouts. Sudden break of support or resistance without volume is usually liquidity-driven stop-loss hunting and should not be considered a valid breakout. If the chart shows violent spikes and chaotic price action, stop opening new positions immediately; if two consecutive intraday trades result in losses, cease all trading for the day to avoid emotional trading and amplified losses.
Entry Criteria
Consolidation: Light long positions near key lower support, light short positions near strong upper resistance, avoid trading in the middle of the range and avoid small spike fluctuations.
Trending: Wait for volume-confirmed valid breakout or breakdown of the range, then enter after price retests and confirms, ensuring it does not fall back into the original range. Instant spikes with rapid price moves are not valid breakouts; do not chase.
Forbidden Conditions: Sudden rapid moves caused by macro news or US stock market correlations; do not rush to open positions immediately. Wait for market sentiment to digest and price action to stabilize before making decisions.
Position and Risk Management
BTC’s volatility is lower than smaller coins, but spikes and stop-loss sweeps still occur frequently. Maintain light positions intraday, further reduce position size when news disturbs the market, and strictly prohibit heavy positions or adding against the trend.
Set stop-loss for every trade in advance, allowing room for spike tolerance. Once set, do not move or cancel stop-loss. After losses, avoid revenge trading, do not hold losing positions, do not average down, and exit small losses promptly.
Profit Taking
BTC has good trend continuation, but intraday trading must avoid greed. When price reaches the first take-profit level, reduce positions first to lock in most profits, move stop-loss on remaining positions close to the cost basis. Always secure profits to prevent large retracements turning gains into losses.
Trading Rules
1. Adhere to intraday trading, close positions the same day, avoid overnight holdings to mitigate risks from overnight macro news and US stock gaps.
2. BTC is the market’s barometer; other coin trades should reference BTC’s direction and avoid trading against BTC’s major trend.
3. Reject chasing volume-less short-term spikes; only participate in volume-confirmed moves.
4. Accept small stop-losses; not every trade must be profitable; accumulate gains through reasonable risk-reward ratios.
Risk Warning: The virtual currency market is highly volatile. This article is only a personal record of intraday trading ideas and does not constitute any investment advice.Yesterday we mentioned that besides focusing on the macro side and policy-driven benefits for #Bitcoin, the upcoming rise should be more data-driven, especially BTC's ETF and mainstream funds in the crypto market. On August 20, BTC ETF net inflow was 606.3 million, higher than 517 million on August 19. The ETF net inflow exceeded the previous day, setting a new three-month high record, clearly showing that buying sentiment remains strong. August 20 crypto market data: 1. Market cap increase is still concentrated in #BTC and #ETH, with their share rising, while altcoins' share is compressed. Market optimism has not further spread, mainly due to poor altcoin narratives. 2. Trading volume is flat compared to yesterday, concentrated in $BTC and ETH, with trading activity continuing. 3. Total net capital inflow is 700 million, including USDC net inflow of 632 million and USDT net inflow of 54 million. Compared to yesterday, net inflows are focused on mainstream funds, which is positive. Summary of today's data: Combining ETF and crypto market data, the current trend can no longer be judged simply as short-covering. Although the macro environment is unfavorable and policy uncertainty remains high, market sentiment is still willing to pay for it, which is important. Next, watch the ETF data released tomorrow. If net inflows continue to be 300-500 million, and crypto market trading volume and net capital inflows remain steady, it indicates that data further validates the price and will become the main driver for short-term price stabilization. From the crypto data side, the main driving force comes from US-based funds.This round of market activity has clearly accelerated. BTC was the first to break through key resistance, followed closely by ETH, and high-β assets like SOL also strengthened, with market risk appetite heating up rapidly. Current reference price: $BTC about $77,200, up about 6.4% in 24 hours; $ETH about $2,390, up about 3.1% in 24 hours. Both major mainstream coins are continuously hitting recent highs, with short-term bulls clearly taking the lead. On the 1-hour chart, BTC's short-term RSI has reached around 88, and ETH has surpassed 82. Although still in a clearly strong zone, the probability of volatility or even rapid pullbacks after overheating is increasing. BTC prices are still trading above the short-term moving average, with MACD bullish momentum continuing to expand, and the trend has not been significantly broken for now. ETH followed BTC upward, with moving averages continuing to provide support, though its surge was slightly weaker than BTC's. 🔥 Key Position Readjustment: BTC: Short-term resistance focused on $78,000–$78,800, first support at $74,800; ETH: Short-term resistance is focused on $2,420–$2,450, with first support at $2,300. Additionally, recent improvements in US spot BTC ETF funding, combined with rising expectations for regulatory and liquidity, have further strengthened buying sentiment for risk assets. As prices surged rapidly, short stops and liquidations could also create additional passive buying, further amplifying the rally. SoThe number 78,000 was considered crazy talk two years ago, a pipe dream last year, and today it just sits on the screen like a cup of cooled strong tea—only when you drink it do you feel assured.
Last night, over a hundred thousand people were liquidated again. The market is like this: it makes people cry and laugh at the same time, often the same group of people—those who cut losses on the floor yesterday are now staring blankly at the candlestick chart, cursing their own recklessness.
Let's talk about why it’s rising. The U.S. Treasury's repurchase of government bonds has pushed down long-term interest rates, and the dollar softened accordingly, which loosens restrictions on risk assets.
Trump met with people from the crypto circle, and the market interpreted this as a sign of regulatory easing. Shorts have been suppressed around 60,000 for too long; with several positive factors hitting at once, the liquidation orders are pushing the price up like snow sliding off a roof—slow at first, then unstoppable.
I find BlackRock’s report quite realistic; it doesn’t say how high Bitcoin will go, only that allocating 1%-2% can serve as a hedge. This is the tone institutions should have—no hype.
The current issue isn’t whether to buy, but whether you can hold on. Friends around me have started checking their accounts; some regret selling too early, others regret not bottom-fishing. Actually, after spending time in this market, you realize—missing out and being trapped are common; don’t be greedy when it rises, don’t panic when it falls. This is harder and more important than just picking the right direction.
Is 78,000 a mid-mountain or a peak? No one knows. But those who can sit in this market probably no longer ask this question.ETH rose about 25% in three days: from 1910 to 2370–2400 today. BTC moved from 64,700 to 76,000–78,000. On the 19th, ETH was even stronger, while BTC has been catching up these two days.
The reason is simple. ETH lingered below 1900 for too long, with short positions piling up below 2000. With increased Treasury repo, the White House pushing for Clarity, and the SEC granting exemptions, once opened, shorts got squeezed. ETF inflows on the 19th were about 189 million, the highest single-day inflow in nearly ten months. ETH/BTC surged to 0.033 then retreated to 0.031, indicating weakening relative strength.
This is policy-driven trading plus short liquidation, not the end of a new trend. ETH is first expected to test 2300; a break below 2200 would be a pullback. BTC is first expected to test 73,000.
NFA#BTC accelerates its rise, can the funds continue to take over?
I actually feel now that the most dangerous time for $BTC is not when no one is watching, but when suddenly everyone thinks they understand it.
A few days ago, it was still hovering around over sixty thousand dollars, and many people were about to uninstall their trading software. Then the market suddenly stepped on the gas, with BTC continuously breaking through 69000, 70000, and even once surging to 75000 dollars.
Of course, this rise is partly due to funds returning. On August 19, the US spot BTC ETF had a net inflow of about $517 million in one day, and the ETH spot ETF also saw about $189 million inflow, indicating that this wave was not entirely caused by shorts stepping on themselves; the spot side indeed started to have buyers.
But what I find most interesting is that BTC had been consolidating for a long time before, with volatility suppressed very low. VanEck also mentioned in data on August 18 that BTC's 30-day realized volatility was only 27.2% at that time. In such a market, once a direction is chosen, it usually doesn't move slowly but directly shakes off the hesitant on both sides.
So the current question is no longer whether BTC can rise to 75000, but who will take over after it gets there.
If ETF funds continue to flow in and spot buying can keep up, then this rise is not just a short squeeze; the market might really be repairing the trend.
But if later only leveraged funds remain lifting each other, the faster it rises, the less gentle the pullback will be.
To put it simply, BTC is indeed a bit different this time.
It's just that the market has just heated up, so don't rush to celebrate the entire bull market of the next three months in advance $ETH $SOL US Treasury bond buybacks, has $BTC already reached 180k?
"US Treasury bond buybacks, BTC targeting 180k" is currently just a bold long-term price target prediction, not a market consensus, and certainly not a short-term price level. The core logic behind this view stems from a recent policy adjustment by the US Treasury.
💡 How did this 180,000 USD figure come about?
This forecast mainly comes from Mark Connors, Chief Investment Officer at Risk Dimensions. His core logic is as follows:
1. Policy trigger: The US Treasury announced it will at least double the scale of long-term bond buybacks, increasing from $2 billion per operation to at least $4 billion. Treasury Secretary Janet Yellen also hinted that future monthly buyback amounts could expand to $10 billion to $30 billion.
2. Mechanism interpretation: This operation is equivalent to the Treasury actively "supporting the market" by buying back long-term bonds to prop up bond prices and suppress long-term yields. This will alleviate the "fund siphoning effect" of high yields on risk assets such as stocks and cryptocurrencies.
3. Transmission to BTC: Connors believes that if the macro environment improves as a result, and if banks’ Supplementary Leverage Ratio (SLR) rules are relaxed to allow banks to increase bond holdings, liquidity will be greatly enhanced, enough to push BTC directly toward $180,000. He even provided a long-term forecast of BTC price ranging from $180,000 to $360,000 by 2030.
📊 So, has the market really priced in 180k?
No. This is just a long-term bullish view from a specific strategist, not the general market expectation at present.
· More mainstream voices: Many institutions and analysts still believe the market is in the late bear market or early bull market recovery phase. For example, SkyBridge Capital founder Anthony Scaramucci thinks the catalyst for Bitcoin to return to $100,000 may still take 20 months.
· Short-term risks remain: Even Connors, who proposed the $180,000 target, warned that if there is no legislative progress on the CLARITY Act before September 15, market sentiment could be damaged, and BTC might fall back from around $72,000, offsetting gains brought by improved macro liquidity.
🔍 Key points you need to watch
Therefore, this "180k" is more like a long-term bullish signal based on two major premises: sustained improvement in macro liquidity and the implementation of regulatory policies. It explains the macro logic behind this round of rally but should not be regarded as a short-term price guide.
What deserves more attention now:
· Whether liquidity can continue: Will the benefits from US Treasury bond buybacks continue to translate into real buying from ETFs and institutions?
· Policy risk: The legislative progress of the CLARITY Act before September 15 is the biggest short-term sentiment variable.
Note: The specific meaning of "US Treasury bond buybacks" refers to the Treasury’s buyback operations to support long-term bond market liquidity, not the Federal Reserve’s quantitative easing (QE). The two have fundamental differences in mechanism and impact.Brothers, let me break down the underlying logic of this market rally for everyone.
$BTC
On the policy front, Trump proactively met with crypto industry executives at the White House, publicly pushing the CLARITY Act, and even discussed the feasibility of the nation increasing BTC holdings as a strategic reserve. Meanwhile, the CFTC is accelerating regulatory implementation. This top-down "open support" is more strategically significant than any short-term news.
$ETH
On the capital side, on August 19, the US spot BTC ETF saw a single-day net inflow of as much as $517 million, hitting a nearly four-month peak, with BlackRock's IBIT alone accounting for about $285 million, and the total daily trading volume exceeding $5.3 billion. At the same time, the US Treasury expanded bond repurchase operations to at least $4 billion, with macro "liquidity easing" directly boosting risk asset appetite, helping BTC firmly hold above its 200-day moving average.
On-chain chips also confirm institutional moves—BlackRock's IBIT wallet continues accumulating from Coinbase Prime, and Fidelity clients increased positions by $136 million within 48 hours. According to institutional models, the total BTC held by spot ETFs is expected to climb to a historic high of 44.2% by Q2 2026.
In summary, policy support + liquidity easing + institutional accumulation have formed a triple resonance. Mid-term players need not get caught up in short-term noise; hold your positions steadily and wait for macro sentiment and capital to combine for a double strike—that is the core of this game.
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1. Fiscal Policy: U.S. Treasury Repo is the Biggest Catalyst
The U.S. Treasury announced it will at least double the liquidity support repo scale for long-term government bonds, raising the single operation cap from $2 billion to at least $4 billion. Treasury Secretary Janet Yellen confirmed this operation will be conducted regularly and hinted the scale could exceed the $4 billion cap.
This policy directly lowers long-term government bond yields — the 30-year yield fell from the 2019 high of 5.34% to about 5.19%, and the 10-year yield dropped to 4.647%. The yield decline reduces the opportunity cost of holding zero-yield assets like Bitcoin.
The Global Digital Assets Research Head at Standard Chartered bluntly stated this is exactly the "type of factor that benefits Bitcoin the most," predicting Bitcoin could rise to $100,000 by the end of 2026.
2. Monetary Policy: Growing Divisions Within the Federal Reserve
The Federal Reserve's July meeting maintained rates at 3.50%-3.75% with a 9:3 vote, but three policymakers advocated a 25 basis point hike. The minutes showed some members believe current monetary policy is not tight enough.
The market currently prices a 65% chance of rates remaining unchanged in September and a 35% chance of a 25 basis point hike. Additionally, news that the Fed is considering reducing annual meetings from 8 to 6 has been interpreted as a "quieter central bank," pushing BTC up 5.3% to $68,245.
3. Regulatory Policy: Trump Pushes the "CLARITY Act"
On August 20, Trump called on Congress to pass the "CLARITY Act" to establish clear regulatory rules for cryptocurrencies. On the same day, the SEC proposed the "Regulation Crypto Assets" plan, introducing the "investment contract safe harbor" mechanism for the first time.
However, the bill is currently stalled in the Senate, with bipartisan disagreements over conflict of interest clauses. VanEck's Digital Assets Research Head clearly pointed out that the core driving force behind Bitcoin breaking $75,000 this round is the Treasury's repo policy, not the "CLARITY Act."
4. Geopolitics: U.S.-Iran Conflict Heightens Uncertainty
The 60-day ceasefire agreement between the U.S. and Iran expired on August 17, with both sides stating they do not seek an extension. Navigation through the Strait of Hormuz has nearly halted, with daily transits dropping from 120-130 vessels to single digits. The U.S. announced "the toughest sanctions ever" on Iran, pushing oil prices to a three-week high.
Geopolitical risks are driving inflation expectations up through oil prices while also reinforcing Bitcoin's "digital gold" safe-haven narrative.
5. Market Sentiment and Capital Flows
· Significant ETF inflows: On August 19, the U.S. spot Bitcoin ETF saw a single-day net inflow of $517 million, the highest since May 4; combined inflows on August 17-18 totaled about $487 million.
· Shorts faced massive liquidations: Over $3 billion in short positions were liquidated across the network within 24 hours, with nearly 190,000 liquidations. A short position of 1,800 Bitcoins was liquidated on the Hyperliquid platform.
· Whales continue accumulating: Increased holdings by about $2.75 billion over the past two months.
· Short squeeze momentum is fading: The rebound is shifting from "shorts forced to buy" to a phase requiring "bulls to actively buy." BTC and ETH are passing through the most critical phase of resistance turning into support. The real significance of this phase is confirmed not by price increase, but by the sustainability of new long positions rather than short covering. The original text positively evaluates BTC turning $75,000 and ETH turning $2,300 into support levels. Structurally, this is correct. The phase where past resistance turns into support means the average entry price of market participants has risen, which fuels the next upward leg. However, the key is not the price but how this support level is handled in the derivatives market. - BTC $75,000 is currently the price range where spot buying pressure and futures long position liquidation thresholds overlap. - ETH $2,300 is a zone where futures reacted before spot during the recent rally, making the normalization of funding rates crucial. The characteristic of this rally is that it is spot-led. Prices rose without leverage in the derivatives market spiking to extremes. This can be interpreted in two ways. First, still