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Since the "1011 Flash Crash," fund inflows have hit a new high! Bitcoin spot ETFs attracted $1.9178 billion this week
The US $BTC spot ETF has finally delivered a report that allows the market to breathe a sigh of relief.
According to The Block data, Bitcoin spot ETFs saw a net inflow of about $1.9178 billion this week, marking the highest single-week record since October 2025 and the best weekly performance so far in 2026.
Overall capital conditions have warmed up: ETF weekly trading volume surged from $6.9 billion to $22.1 billion, an increase of over 219%; total net assets rose from $76.6 billion to $96.1 billion. BlackRock's IBIT contributed $503 million in a single day, firmly holding the title of "top capital attractor." Ethereum ETFs simultaneously saw a net inflow of $697.2 million, with the two combined attracting about $2.6 billion.
Triple drivers resonated: about $2.5 billion worth of Bitcoin shorts were liquidated, creating a short squeeze rally; Trump urged the passage of the CLARITY Act, boosting policy confidence; whales accumulated about $2.75 billion worth of Bitcoin over 60 days, ending the selling cycle.
But cautious reflection is necessary: so far in 2026, Bitcoin ETFs have still seen a cumulative net outflow of about $2.9 billion. This week was merely "stopping the bleeding," not "recovering the blood." How much real demand remains after the short squeeze subsides is the true test of the rebound's sustainability.
Wall Street's bandage has been applied, but true healing requires sustained inflows, not a one-day frenzy.
#BTC冲高后震荡，ETF资金持续流入
$ETH $ZEC $BTC $ETH crypto is stagnant, money is flowing into US stocks $SNDK
SNDK 1596 long position, 50x leverage, floating profit of 50 points, not closed yet.
Sandisk just released the world's first 8TB SD card, AI phone storage demand is fully triggered, Nvidia H200 is out of stock, storage chips are bound to rise.
The current market situation is very subtle.
Bitcoin is stuck below 77000, ETF inflows have continued at 1.9 billion, but futures trading volume has dropped 70%, indicating that the main players are waiting for direction.
Crypto is not rising, but US stocks are.
Before Nvidia's earnings report, AI chips are globally out of stock, H200 orders are booked until Q2 next year, institutional money is flowing to places with higher certainty.
I hold long positions in SNDK and NVDAX, betting on this logic.
Crypto's breakout requires rate cuts or new narratives, but now the rate cut expectation is gone, so funds can only flow into US stocks first.
The levels are not very low, but my positions haven't moved, holding everything I should.
#闪迪收涨逾8%，长期协议受关注 If Trump really reconciles with Iran and TACO afterward, gold and $BTC might experience a pattern of falling first and then rising.
Recently, gold, silver, and BTC have surged so quickly that I think part of this is actually trading on the fact that U.S. long-term Treasury yields can't be suppressed. The 30-year Treasury yield has remained very high, and Basent has started trying to intervene in long-term bonds again. Naturally, the market worries that if the U.S. ultimately refuses to let long-term yields continue rising, the pressure might gradually shift to the dollar and monetary credit. So recently, gold, silver, and BTC all carry a bit of a dollar depreciation trade flavor.
If Trump suddenly reconciles with Iran, oil prices are very likely to drop quickly first. After oil prices fall, inflation pressure will also ease significantly, and the 10-year and 30-year Treasury yields might no longer need to stay at such high levels. In this case, the market’s previous biggest concern—that long-term yields can’t be suppressed—would temporarily ease. The portion of the recent rise in gold, silver, and BTC driven by this logic might short-term give back some gains, so the immediate reaction to a true TACO might not be continued gains but rather a pullback. This would conveniently trigger a burst of high-leverage BTC longs.
However, I wouldn’t interpret this pullback as the end of the trend. Because if oil prices continue to decline afterward, inflation eases accordingly, and long-term yields keep moving down, that would actually be good news for gold $XAU and $BTC in the medium term.The biggest fear of self-custody is not problems on-chain, but thinking "offline means safe."
PANews reports that a vulnerability in the Coldcard hardware wallet led to the theft of over 1,500 BTC, with losses exceeding $100 million. The debate between open source and closed source has once again come to the forefront.
This incident is generally negative for hardware wallets and the self-custody narrative, but it is not negative for BTC's fundamentals. The key issue is not the on-chain protocol, but the security assumption behind wallet private key/mnemonic generation being broken.
For coin holders, having source code visible does not mean it has been thoroughly audited, let alone that funds are safe. Users still using Coldcard to generate single-signature wallets affected by this vulnerability should focus not on upgrading firmware, but on migrating to new wallet addresses as soon as possible.
In the short term, such incidents will weaken retail investors' confidence in self-custody, while custodial services and compliant entry points like BTC ETFs may actually benefit more.
Source: PANews
#BTC #Crypto100W Fundstrat co-founder Tom Lee said on Thursday's Macro Minute that the first phase of AI trading is concentrated in upstream sectors such as semiconductors, storage, and infrastructure, with related targets having already surged significantly and entered a correction.
The market's focus is shifting downstream—to software and application layers, with ETH beginning to gain more attention.
Stablecoins, asset tokenization, institutional adoption, and future AI agents completing on-chain transactions form the fundamental narrative for ETH. Capital may be shifting from building infrastructure to holding the underlying assets that support these activities. Lee believes ETH's price has already started to show performance, but market positioning has not caught up, with most portfolios still not allocated to ETH.
ETH rose nearly 30% this week, BTC rose 26%, a 4 percentage point difference. Funds are flowing into ETH, whales are diverging, and the AI narrative is shifting downstream. All three directions point to Ethereum. But at the 2,500 level, the risk of chasing higher is also increasing. Wait for a pullback confirmation before making a move. $ETH From now until November, US stocks and crypto will face several consecutive milestones that can change market pricing. If you plan to trade in the next phase of the market, be sure to remember this timing first. August 26 | Nvidia Financial Report: The First Shot Still Moves Nvidia $NVDA. Nvidia has confirmed it will release its FY2027 Q2 financial report after market close on August 26. The biggest question in the market about AI has now moved from 'Is there demand for AI?' to the next step: With such massive capital expenditure, how fast can it still grow? So this time, what's important is data center revenue, gross margin, next quarter guidance, and Blackwell/Rubin related demand. If NVIDIA continues to provide strong guidance, AI, optical communications, storage, and servers could all suffer another round of valuations. If the results are strong and guidance starts to slow, you should be cautious about the fulfillment after the peak of earnings season. Nvidia's tonight is likely to determine how the last rally in tech stocks will unfold at the end of August. September 4–11 | Nonfarm payrolls, PPI, and CPI released consecutively. Market attention will quickly shift from AI to macro. September 4: Nonfarm Payrolls September 10: PPI September 11: CPI This is the official schedule released by the U.S. Bureau of Labor Statistics. These three sets of data will directly influence the market's judgment about the September interest rate meeting. If employment continues to cool and inflation remains moderate, U.S. Treasury yields will have conditions for a downward recovery, making both tech stocks and crypto much more comfortable. If employment remains strong and inflation returnsBlackRock's Dual-Chain Deployment of Stablecoin Reserve Funds: The Land Rent Battle Between Ethereum and Solana
While the community is still fiercely debating which will ultimately defeat the other between Ethereum and Solana, the world's largest asset manager BlackRock has already provided an answer through concrete action. It has simultaneously launched tokenized money market funds and stablecoin reserve management tools on both chains, initiating a new round of compliant asset penetration.
BlackRock's move precisely targets the trillion-dollar government bond reserve management pain points of stablecoin issuers. In its architecture, Ethereum is assigned the role of a highly secure, tamper-proof "institutional-grade base vault," suitable for cold custody of large funds; while Solana, with its 350-millisecond high concurrency and extremely low gas fees, is defined as a "high-frequency payment and real-time clearing engine." This marks the stablecoin's complete transformation into a seamless distribution channel for tokenized government bonds.
However, this full-scale entry by a trillion-dollar giant is also a double-edged sword. While it brings massive compliant liquidity, the strong regulatory scrutiny and whitelist admission rules inevitably compress the permissionless and anonymous space of native DeFi.
In configuring public chain strategies, one must abandon narrow single-chain loyalty and focus chips on public chain infrastructure that can truly accommodate compliant large capital deposits and capture real fees.
Under the institutional wave led by BlackRock, who do you think will hold greater influence in tokenized finance over the next three years, Ethereum or Solana?
#BTC延续强势，资金流能否持续？ $ZEC That is just Grayscale's wishful thinking. The 4th application was submitted on the 18th, and the 5th application was submitted on August 21st. The listing is expected on August 25th, but it has not yet received SEC approval, nor has a final date been announced. It is impossible to complete the listing in just 4 days. If a revision bill could pass in 4 days, that would be absurd, right? How many days are left now? There is only tomorrow and the day after tomorrow, just two days, actually only one day. Do you think there is still hope?
It's mostly institutions and some big players speculating on expectations, but these expectations are almost at their peak. Unless institutions want to push it up one more time, but if that happens, the first resistance level is between 876 and 890. Only by breaking through this resistance can it have a chance to rise, reaching a high point of 920 to 930, but most likely it will fall. Of course, if it really lands on August 25th, it must first get SEC approval to do so. Even if it really lands, that will be the time for institutions to exit. Before it lands, people are speculating on expectations; after it lands, those who went long at two or three hundred will definitely leave. Entering short positions now, although not the best timing, if you enter at 900, you definitely won't be wrong. Entering with a small position above 800 won't lose much either. If you hold on, you will profit. The current risk-reward ratio for going long is too poor unless you are trading short-term, but you must not fear sudden dips.Bitcoin apparent demand just flipped positive. 18% median gain, 78% win rate.
14 zero-crosses since 2023. the ones that ran held green for a month. the rest died in weeks.
check back september 20th.
$BTC $TRUMP Yellow Coin, no matter how much it pumps, I won't touch it! Yesterday the total circulating supply was 24.82%, today it increased to 25.08%, and there's not a single reaction online! The already unlocked 20% is still in the exchange, circulating at any time...BTC is not completely free from such black swan events either. For example, if quantum computing truly breaks through to a certain extent, existing signature algorithms would also face risks.
But the difference is that once the scarcity of gold is broken from a physical level by new technology, it is basically irreparable. If BTC's algorithm has issues, the community can upgrade the signature algorithm and migrate to quantum-resistant algorithms.
If such a black swan event occurs, the price could fluctuate wildly in the short term. Holding spot might be okay, but contracts could experience a big crash...This $BTC summer squeeze feels very familiar. 👀 We’ve seen a similar setup before. Back in 2018, a summer short squeeze wiped out roughly $300M, yet the broader bear market continued for months afterward. Fast-forward to 2026, and the scale is much bigger—with around $5B in liquidations. That makes me wonder: Could we still see one more major flush before the market truly finds stability? Personally, I’m not trying to call the exact bottom. I’d rather DCA over the next 2–4 months and let the m$BTC at its current position has appeared 7 times in history
Did some analysis with AI, sharing it for everyone to see
Starting from the 19th-20th, two big bullish candles, simultaneously standing back above the 120-day and 200-day moving averages — previously it had been below both lines for a full 29 days.
In the past 7 years, there have been 7 big bullish breakouts that met the criteria of "single-day increase of 4%+, stayed below for at least 3 days, and a decent macro environment (no tightening of interest rates)". Among them, only 3 times did it stand back above both moving averages at once.
Results:
Out of the 7 times, 6 closed positive after 30 days, averaging +14.5%
For the 3 times it stood above both lines, all gained over +29% after 120 days, with the best at +74.4%
(October 2023: US Treasury yields peaked and fell, spot ETF approval on the eve)
The only loss was in November 2022: at breakout it was still -12.5% below the 200-day line (the weakest pattern), with peak inflation, consecutive 75bp rate hikes, tightening interest rates, followed by the FTX collapse, resulting in -19% over those 30 days.
This time: standing above both lines, inflation at 2.5-3%, Federal Reserve on hold — similar to October 2023, not like November 2022.
Data only states history. 7 times, 6 positive and 1 negative; the only negative case had the weakest pattern and tightest rates. This time both factors are opposite.
This is not investment advice. If you plan to enter, please be responsible for your own position.
#BTC冲高后震荡，ETF资金持续流入 BTC and ETH leverage liquidation maps are densely clustered above and below the price. If the price decides on a direction, it is highly likely that a chain reaction of liquidations in that direction will trigger first. So, which trigger will the market absorb first? According to the original text, BTC is positioned around $76,500, and ETH around $2,414. The key is not the price itself but the density of leverage positions accumulated above and below it. For BTC, near $76,838, there is a concentration of high-leverage long positions ranging from 50x to 100x, and for ETH, around $2,425.8, there is a similar cluster of high-leverage long positions. This is not just a simple resistance zone; if the price reaches this area, forced liquidations can occur in a chain reaction, acting as fuel to accelerate the upward movement. At the same time, there are multiple liquidation zones for short positions below, so the same mechanism can operate during a decline. This structure is important because liquidations go beyond mere position clearing and contribute to market volatility #ZEC hits an all-time high on the site, privacy assets revalued
I remember Monero appeared in a movie, and out of curiosity, I looked into these privacy coins. At that time, $ZEC was still around $400. Looking back now, this logic has become clearer and clearer. ZEC has recently hit a new all-time high, and the privacy sector is clearly being targeted by capital again.
Many people understand privacy coins too narrowly. Actually, I think Ethereum is like a "half privacy sector." ETH itself is a public ledger, and on-chain fund flows can be tracked, but privacy protocols like Railgun have already grown on it, enabling hidden transactions and private DeFi through zero-knowledge proofs.
This means that future privacy competition may not only be between native privacy coins like ZEC and XMR, but more likely a competition between "public chains + privacy layers." Even from real cases, in 2023 the FBI confirmed that Lazarus processed over $60 million worth of Ethereum through Railgun.
So now I look at this sector by considering ZEC and $ETH together: the former represents the revaluation of native privacy assets, while the latter represents huge application scenarios for privacy infrastructure.
If on-chain assets continue to grow and regulation and on-chain tracking become stronger, I actually think "privacy" may not be a niche demand but will gradually become a fundamental layer of infrastructure that public chains must solve. #美光加码AI存储，十年研发投入100亿美元
The boss has something to say
The storage sector has been receiving news one after another these days.
Samsung just finished an $80 billion shareholder return, SK Hynix's 40 trillion KRW buyback is still ongoing, and Micron has jumped out to announce a $10 billion investment in R&D over the next ten years. They are setting up a Micron research lab in Boise, Idaho, focusing on next-generation storage, Memory+Compute architecture, and advanced packaging.
What is the $10 billion investment for?
Ten billion over ten years, averaging $1 billion per year. The direction is very clear: next-generation storage, in-memory computing architecture, and advanced packaging. All are centered around the core scenario of AI storage.
Micron is transforming from a pure storage chip supplier to an AI storage solution provider. HBM, data center memory, and AI storage are the three main directions for Micron's R&D investment. The goal is to blur the boundary between Memory+Compute and bring storage closer to computing.
Three companies are taking three different paths
Samsung is distributing money, $80 billion in shareholder returns, following a cash flow realization route.
SK Hynix is doing buybacks, with a 40 trillion KRW buyback and cancellation, directly reducing circulating shares and increasing earnings per share.
Micron is investing in the future, $10 billion in R&D, betting on next-generation AI storage technology.
Each of the three legs is going its own way but points to the same direction: the prosperity of AI storage is not a short-term cycle; manufacturers are planning on a five- to ten-year scale. Samsung and SK Hynix give the money earned back to shareholders, while Micron throws the money earned into R&D. Essentially, all confirm the long-term demand for AI storage.
Impact on storage valuation
Micron's $10 billion ten-year R&D plan puts short-term pressure on financial statements, but the market is now looking at long-term competitiveness. If R&D can be converted into next-generation HBM products and secure more long-term contracts with cloud providers, then this money is well spent. If revenue realization lags, cash flow pressure will again become a valuation suppressor.
The valuation logic of the storage sector is undergoing a shift from cyclical stocks to growth plus high dividends. Samsung and SK Hynix have drawn a safety net for the market through shareholder returns, while Micron has drawn a growth curve through R&D investment.
Market overview $BTC $ETH $TRUMP
Bitcoin has fallen from 77,000 to around 75,000 and is oscillating. After all long positions have been closed, wait for a pullback; stabilize in the 73,000 to 74,000 range before re-entering. After PMI hit a four-year high, interest rate hike divergence has intensified, reducing the short-term cost-effectiveness of chasing longs.
The fundamentals of the storage sector are sound; SK Hynix's buyback is still ongoing, Samsung's dividend has not yet landed, and Micron's R&D is long-term. But short-term stock price volatility will not be small; wait for the pullback before considering entry.
The above analysis is time-sensitive; orders must have stop-losses set. Good luck.$OKB stands above 110! The initial target price has been achieved 🎯
Ladies, submit your homework on Sunday night~ OKB reached a high above **$110** today, currently around 108.5. This week it climbed steadily from below $100, with a single-day increase exceeding 6% at one point. Remember the $110 target price given by analysts at the beginning of the month? **It's been achieved**.
There are three layers of logic behind this rise:
**1. The market gives momentum.** The liquidity rally ignited by the Ministry of Finance's "water release" continues. Bitcoin remains stable above 69,000, altcoins and platform tokens collectively follow the rise, and OKB, as the "most deflationary platform token," naturally has greater elasticity.
**2. Deflation is the base tone.** On August 15, the total supply was permanently locked at 21 million tokens, scarcer than Bitcoin; concentrated chips + continuous deflation mean funds buy in on every pullback.
**3. The story isn't over.** ICE's $25 billion valuation stake is there, the expectation of a US listing is still fermenting, and X Layer's bets on DeFi + payments + RWA each have enough market potential for another round of hype.
**Reference levels**: Look first to the upside at **124** (previous analysis target), and for pullback support at **103–100** (breakthrough platform turns into support).
In short: the trend continues, but after nearly a 10% rise in a week, don't chase short-term; wait for pullback confirmation before adding positions, and make money you understand~✨ BTC took a tumble, but it's not time to call a bear market yet 🤔
BTC fell from 79,500 to 75,500, with AAVE and LTC leading the plunge—looks scary, but breaking it down, it's not that bad: EMA is still in a bullish alignment, and volume hasn't increased, so this feels more like catching a breath after running too fast, not a reversal and fleeing.
The real variables come next week: PCE inflation, Nvidia earnings, and the debut at the Jackson Hole symposium by Powell—all hitting within 4 trading days, so volatility is inevitable.
So is this pullback a discounted entry opportunity, or should we just grab a seat and watch?
My take: The trend isn't broken, but catalysts are too dense; don't go all in, it's safer to buy in batches.BTC ETF funds are starting to feel like a bull market.
After carefully analyzing the BTC ETF funds over the last three working days, I found that the net inflow of ETF funds exceeded 300M for three consecutive days,
which is the first time in the past three months.
The last time this happened was on May 5, 2026, and the three working days before that.
That last time coincided with the few days before the peak of the 59000 to 82000 wave.
In other words, that was the final few days of a rebound.
This time, however, it is just the beginning of a rebound.
Such a large net inflow of funds also indicates a unanimous optimistic expectation from bullish institutions for this rebound wave. The investment is indeed quite substantial.
ETH: In the last three working days, there has also been a continuous net inflow exceeding 180M daily, which is quite rare. Basically, this only happens in a bull market.
SOL: There has also been a continuous net inflow of ETF funds for four working days, and the net inflow of ETF funds in the last two trading days has both exceeded 10M, which was also rarely seen before.
Personal operation:
I personally remain bullish. I am particularly watching whether BTC can break through 82700 in this round. If it can break through, then it can basically be confirmed that there will be no lower lows. 57991 is basically the lowest point of this bear market. So going forward, any decline is an opportunity to go long.
The same logic applies to gold. Since it has already broken through the consolidation box, I have been buying on dips and holding long positions.
Hype has already broken through the historical high, so the main strategy is to hold on.Taxation not only didn't crash the market but achieved a triple win? One month after Uniswap's fee switch, revealing the confidence behind the super liquidity black hole
Previously, the Uniswap fee switch, which once caused market concerns about a liquidity exodus, has delivered an impressive report nearly a month after the full launch of V4.
The latest on-chain data shows that after the protocol's tax was enabled, the total locked value (TVL) of LPs across the network barely declined, remaining resilient even against fierce competition from Aerodrome, the native dominant player on the Base chain. Meanwhile, price impact and slippage for mainstream asset and stablecoin trading pairs on the Ethereum mainnet have actually improved, truly achieving a triple win for protocol revenue generation, LP retention, and trader experience.
Uniswap founder Hayden Adams revealed data that further demonstrates a terrifying monopoly scale: there are 8 super pools with monthly trading volumes exceeding $1 billion, and 57 pools with over $100 million.
This completely proves that the moat of a top-tier DEX has never been sustained by artificially inflated funds through pure subsidies, but by a massive natural routing flow, top-tier market-making depth, and extremely secure smart contracts forming a liquidity black hole.
When network effects become irreplaceable, moderate protocol taxation not only does not destroy the ecosystem but instead frees the platform from the vicious cycle of air token subsidies, laying the foundation for a long-term healthy business closed loop. 2. Microsoft (MSFT)
Azure cloud AI-related revenue maintains high growth, Copilot office AI enterprise paid penetration continues to increase, integrating computing power, cloud, and upper-layer applications into a complete closed loop, with abundant cash flow, continuously acquiring AI startups to fill technical gaps. Enterprise customer stickiness is strong, and the commercialization path is clear. Valuation is relatively high, and AI computing power capital expenditure significantly raises operating costs. Overseas antitrust regulations are tightening, imposing constraints on business expansion. Overall risk resistance is strong, and performance certainty ranks in the top tier among global tech giants.$BTC surged then pulled back, with macro factors and ETFs jointly forming bottom support
BTC's recent peak reached $79,500 but failed to hold effectively, currently retreating to around $77,800. $ETH simultaneously pulled back to about 2,480, as the market digests the previous weekly gain of over 30%. This week, BTC ETFs saw a cumulative net inflow of approximately $1.65 billion, marking the strongest single-week performance since October 2025. Institutional buying continues to provide bottom support.
On the macro front, the SEC is accelerating the implementation of a regulatory framework for crypto assets, raising expectations for compliance and marginally improving industry confidence. The Federal Reserve maintained interest rates unchanged, stabilizing the short-term policy path, but the situation in the Strait of Hormuz remains a potential disruptive factor. Oil price volatility may affect subsequent inflation trends.
Overall, BTC is in a consolidation phase characterized by “ETF incremental support and macro expectations setting direction.” If institutional inflows persist, the price has potential to continue rising after sufficient turnover; if inflows slow, caution is needed for a deeper pullback to the $75,000-$76,000 range.$xMU Micron YTD up 231% but down 23% from the peak, NVDA reports before 9/29
Up 231% but amid controversy at the cycle top
Micron YTD rose from $285 to a high of $1,255, then fell back to $967, down 23% from the peak. Market cap $1.1 trillion, Forward P/E about 6x. Motley Fool's latest article headline reads "Rebounded 30% from the low but may be near the profit peak." All 43 analysts give buy ratings, but target prices range from $361 to $2,200, a 6x difference, an absurdly large divergence.
Is 6x P/E cheap?
Forward P/E of 6x looks like a big blue-chip price, but Micron's historical cycle top P/E ranges between 3-8x. If this is the profit peak now, 6x is not cheap. Management signs long-term contracts to lock demand but also caps prices; Samsung and SK Hynix Q2 pricing growth has already slowed, and the side effects of long-term contracts are beginning to show.
Two key dates
8/27 NVDA reports earnings, 9/29 Micron reports earnings. NVDA is the vanguard—if AI demand guidance falls short of expectations, Micron will fall first as a warning. 9/29 is the lifeline: if quarterly results show DRAM/NAND pricing has peaked, the market will quickly reprice. New capacity will come online massively in 2028, by then price declines may offset shipment growth.
#美光加码AI存储，十年研发投入100亿美元 #BTC surges then consolidates, ETF funds continue to flow in #Gold breaks through $4600, bond safe-haven status challenged #Trump discloses thousands of securities transactions, transparency under scrutiny Stop focusing only on rate cuts and geopolitical conflicts when watching gold! Citibank just released a blockbuster report, the logic behind gold's rise has completely changed!
The real Achilles' heel for the US now is the massive $40 trillion national debt; interest keeps compounding, and no matter how strong the dollar is, it simply can't hold up! Treasury Secretary Janet Yellen has taken consecutive actions, expanding long-term Treasury buybacks and coordinating with Japan on joint currency interventions—in short, to stabilize the bond market and no longer cling stubbornly to the strongest dollar.
This is a huge opportunity for gold! Global central banks and sovereign funds now care most about asset security over the next decade or so. Gold has no issuing country and no credit risk, making it naturally the most reliable reserve asset. In recent years, global central banks have been aggressively buying gold, and if the US truly starts to weaken the dollar's dominance, this trend will only intensify.
From now on, when watching gold, don't just focus on non-farm payrolls, CPI, and the Fed; pay more attention to what the US Treasury is doing, what's happening in the US bond market, and whether global funds are reallocating reserve assets. Real big moves are never decided by a single data point; it's about the underlying logic changing! Gold's current story has shifted from a safe-haven trade to a global monetary system restructuring, potentially a once-in-a-generation asset revaluation!
Stop obsessing over whether it rose 20 or fell 30 today; focus on this major transformation of the monetary system!那个在1738卖掉ETH的人，又花2100买回来了，还说自己90%确定熊市已经结束。 你猜，他到底是在认错，还是在加仓？ 今天刷到江卓尔的交易记录，说实话，我盯着那几行数字看了很久。不是因为他的方向判断多惊人，而是他这波操作，把市场里最真实的一个切面摊开了：判断可以错，但仓位管理不能乱。 他之前把ETH卖在1738到1931，后来止损位设在2100，直接买回来。然后ETH拉到2525，他卖掉一半现金，止损上移到2550。现在手里还握着另一半，等BTC跌到67000到72000之间，准备把错过的那部分资金全部押进去。如果BTC不回调，就赶在10月底之前，用现价直接上车。 这整套动作，表面看是择时，实际全是风险管理。他嘴上说90%确定熊市结束，但手里的每一步都留着后手。卖一半是怕回撤，止损上移是锁利润，等回调是怕追高，设期限是怕踏空。 真正让我觉得有意思的，不是他多看好这轮行情，而是他把"不确定"这件事，拆成了四份可以执行的预案。市场里大多数人的焦虑，其实不是方向判断错，而是仓位和判断不匹配。看多却空仓，看空却满手现货，这种拧巴才是亏损的根源。 现在市场的真实节奏是，BTC在高位反复震荡，On 8/23, buying pressure was relatively strong, while leverage actually decreased. At 23:00, $BTC BTC mark price was 77,128.99, with a gain of only 0.15%, but active buy volume was already 1.42 times the active sell volume.
Meanwhile, open interest dropped to $8.16 billion, a change of -0.4%, indicating this price push looks more like short covering and reduction of existing positions rather than concentrated leverage chasing the rally.
Bitcoin and $ETH Ethereum spot exchange-traded funds saw weekly inflows of $2.6 billion, marking the strongest week since last October. BlackRock made a single purchase of about $290 million in Bitcoin and $151 million in Ethereum.
The Treasury's buyback adjustment also fueled another round of short squeeze. The capital side is indeed bullish, but the fear-greed index has reached 66, with bulls accounting for 52%, showing sentiment is starting to get ahead of positions. Funding rates for mainstream coins have not yet spiraled out of control; both $BTC and $ETH remain near +0.01%.
The real congestion is in some contracts: ACE funding rate dropped to -0.364%, posing the highest short squeeze risk; ZHIPU rose to +0.248%, meaning if bulls weaken, retracements can easily be amplified by forced liquidations. $SOL SOL rose 1.75% to 94.89, with mainnet block intervals shortened to 350 milliseconds providing an independent catalyst.
Next, the focus is on whether $BTC open interest can grow again with price; if price continues to rise but open interest still declines, the short squeeze component remains high, and the chasing price space needs to be discounted. 4. CanSino Biologics (06185)
A popular biotech stock in the Hong Kong market, the overseas clinical breakthrough of its mRNA tumor vaccine has driven sector sentiment. The company's mRNA technology platform is mature, with multiple vaccines in clinical application stages. The acceptance of the DTaP vaccine brings new commercialization highlights. Traditional vaccine centralized procurement suppresses profits, and most innovative pipelines have yet to contribute revenue, leaving the company in a loss-making state. This recent rise is driven by industry theme catalysts rather than significant clinical achievements of the company itself, and there is a high risk of pullback after the hype subsides. $BTC has risen about 23% this week, which is indeed very strong, but I think we need to separate the "short squeeze rally" from the "trend rally."
A large number of short positions were concentrated at high levels earlier. After breaking through key resistance, continuous liquidations were triggered, and the forced liquidations themselves became new buying pressure, forming a cycle of "rising → short squeeze → continued rise." Over $5 billion in short liquidations indicates that the acceleration of this rally is very high, but this part of the momentum is a one-time fuel and cannot be simply assumed to continue indefinitely.
What truly determines whether the price can continue to rise afterward is whether spot funds can take over. Continuous net inflows into ETFs and improved macro liquidity do provide support for BTC. If during the 77K–80K high-level consolidation period, spot trading and ETF funds remain strong, then even after the short squeeze ends, the price may still continue upward.
Conversely, if ETF inflows significantly slow down and the price repeatedly fails to break through 80K, one should be cautious of concentrated profit-taking.
Therefore, the most critical thing now is not whether to chase the price but to see if 80K can hold with volume and if the area around 77K can be defended. Holding above 80K may signal the trend entering a new phase; breaking below key support means preparing for a high-level shakeout first. The market is very strong, but the stronger the position, the more you should avoid chasing based on emotion.
#BTC冲高后震荡，ETF资金持续流入 #ETH触及2500美元后震荡 #美国PMI创四年新高，9月加息分歧升温 1. SenseTime‑W(00020)
The Hong Kong AI sector surged, with the company iterating and upgrading its multimodal large models, AI vision, and government-enterprise smart business orders warming up. The World Robot Conference catalyzed sentiment in the AI sector, leading to capital flowing back into the Hong Kong tech sector. Smart city and automotive intelligent driving businesses are steadily expanding. The company is still in a loss-making phase, with high computing power costs for large models. The domestic AI sector is highly competitive, with price wars squeezing service gross margins. The stock price relies more on industry expectations, and performance realization depends on the speed of government-enterprise order conversion, showing strong thematic volatility.高盛近期似乎正在重新强化对韩国资产的关注，尤其是以 SK海力士（SK Hynix） 为代表的AI存储芯片板块。市场一边看到外资持续卖出，另一边却是韩国股市不断走高——这种看似矛盾的走势，正在成为8月底亚洲市场最值得关注的资金博弈之一。 根据最新一期亚洲市场观察，MSCI亚太（除日本）指数本周再上涨约1.3%。虽然部分海外资金继续撤出亚洲市场，但科技出口保持韧性，加上韩元及其他亚洲货币走强，为市场提供了额外支撑。 外资仍在撤离，韩国却成为上涨主力 最新资金数据显示，新兴亚洲市场（不含中国）出现约 18亿美元净流出，其中韩国市场承受的抛售压力最为明显，单周净流出接近 20亿美元。 但值得注意的是，韩国股市并没有因为外资卖出而走弱，反而受到半导体出口复苏、AI服务器需求上升以及本币走强的推动，表现明显领先于部分亚洲市场。 这也让市场出现了一个耐人寻味的现象： 外资在卖，但指数却在涨。 背后的原因是，主动资金、长期机构资金和被动资金正在给出完全不同的方向。 对冲基金继续减仓，长期资金却开始重新布局 继7月份出现较大规模净卖出后，亚洲市场的对冲基金在8月份仍然维持净卖出，不过减仓速度已经有所放缓US Bitcoin and Ethereum Spot ETFs See Strongest Week in Nearly a Year
This week, the combined net inflow of US $BTC and $ETH spot ETFs reached about $2.6 billion, setting a new single-week record since October 2025, with the market completing a momentum reversal of nearly $3 billion.
Bitcoin spot ETFs saw a weekly net inflow of approximately $1.9 billion, with weekly trading volume surging over 219%; Ethereum attracted about $697 million, with trading volume increasing by 259%. Behind this are multiple positive factors resonating: the US Treasury expanded Treasury repurchase operations to suppress yields, Trump urged the Senate to pass crypto legislation, combined with a short squeeze triggered by about $4.5 billion in shorts being liquidated. BlackRock's IBIT recorded a single-day net inflow of $503 million, accelerating institutional demand return.
However, amid the celebration, caution is necessary. Since 2026, the two types of ETFs have still seen a combined net outflow of about $3.1 billion; one week of inflow is not enough to reverse the contraction trend. As Bitcoin approached $80,000, a whale sold 7,700 BTC over three days, worth about $577 million, with smart money quietly exiting at the highs.
At the time of writing, Bitcoin is trading around $77,000 to $77,500, and Ethereum around $2,418 to $2,442, both having retreated from their highs. Whether this $2.6 billion marks the start of a trend reversal or a bull trap after a short squeeze unwind, time will tell.
#BTC冲高后震荡，ETF资金持续流入 Brothers, $TRUMP's trend is really getting more and more bizarre.
Today the team address is offloading again—early this morning they transferred 3.83 million TRUMP to OKX, worth 9.33 million USD. And this time they used BitGo as an intermediary before moving into the exchange. Doesn't this route look familiar? They played this way in February, March, April, and July—it's a complete assembly line operation. What's really chilling is that previously large amounts were all funneled into Binance, but recently they've all rerouted to OKX. Are they changing venues or is there another plan?
Even more interesting is the market situation. TRUMP has had double-digit gains for three consecutive days, today pushing above 2.9. The team keeps offloading, yet the price keeps rising. I can't quite figure out the logic here—is someone forcibly absorbing the chips, or has the "political narrative" premium already digested the selling pressure? Don't forget that the big whale who lost over 15 million USD on TRUMP before has re-entered at 3.17, currently floating a profit of over 2.7 million. These old money players are pacing their moves very tightly.
On one hand, the team is steadfastly dumping tokens into the exchange; on the other, the price is being artificially pumped up. Is this a pump to facilitate better offloading, or is there really big money betting on the political market before the election?$HYPE broke through $80 to reach a new high. The core conflict lies in the main long positions adjusting margin at a high liquidation price of $53.39, creating an extremely tense liquidity standoff with shorts holding tens of millions of dollars in unrealized losses.
The primary driving factor is the position structure of the leading longs. These longs have built positions from $38.6 and have paid nearly $5 million in capital costs, locking in a large amount of chips long-term.
The second driving factor is that longs have continuously extracted floating profits since June, raising the leverage liquidation line to $53.39, significantly narrowing the downside tolerance.
The third driving factor is the $35.6 million unrealized loss short positions held since May, whose potential short squeeze liquidation risk fuels the upward push.
The trigger for the bullish scenario is the completion of chip turnover above $80, with high funding rates not eroding long costs.
If the price breaks above $85, triggering large-scale forced short liquidations, the long trend will continue; the invalidation signal for this scenario is the main longs taking profits or actively closing positions.
The trigger for the bearish scenario is the price falling below the $70 turnover band, directly inducing a purge of leveraged chasing longs.
If the market slides down and breaks below the main liquidation bottom line at $53.39, a chain liquidation will directly suppress the price to retest the initial position area at $38.6; the invalidation signal is short stop-loss buying forming strong support above $65.
The most important variables to watch in the next 7 days are whether the main longs continue to raise the liquidation price at $53.39 and whether the $35.6 million unrealized loss short positions undergo substantial changes.
#SPCX本周解禁3.19亿股，抛压能否被承接？ #ETH触及2500美元后震荡5. Changfei Optical Fiber (601869)
A popular stock in optical communications, with explosive half-year report performance; net profit has surged significantly year-on-year. Orders for high-speed special optical fibers and overseas business are increasing, and AI computing power construction is driving demand across the entire optical communication industry chain. The company has a well-established full industry chain layout, with a continuously increasing proportion of overseas customers. Industry manufacturers are collectively expanding production capacity, intensifying market competition, which will suppress gross margins. The sector has seen a substantial overall increase, driven by strong performance, but if capital expenditure on computing power falls short of expectations, a correction may occur. It is not advisable to chase the price at high levels. AI stocks focus on $NVDA.
The market is looking not only at revenue and EPS but also at data center growth, the progress of the next-generation Rubin, and whether AI orders can continue to be raised.
If guidance continues to exceed expectations, AI industry chain stocks like $MU, $SNDK, $LITE, $COHR, and $VST all have a chance to recover.
If the beat is only slight, the first to be hit won't be Nvidia but rather those second-tier AI stocks with higher valuations and weaker performance.
This is not just a single company's earnings report but a test for the entire AI bull market.3. CanSino (688185)
Strong 20cm surge on the STAR Market, driven by overseas clinical breakthroughs of mRNA tumor vaccines boosting the entire vaccine sector. The company has a mature mRNA R&D platform, advancing multiple innovative vaccine pipelines, with the combined DTaP vaccine application for market approval bringing commercialization expectations. The traditional vaccine market is highly competitive, with centralized procurement suppressing profit margins. Most innovative pipelines have yet to achieve commercialization, and the company is not yet profitable. This round of increase is driven by thematic sentiment rather than the company's own major clinical results; there is a risk of selling pressure after the positive news is realized. THIS $BTC SUMMER SQUEEZE FEELS VERY FAMILIAR
We’ve seen this kind of move before
In 2018, a summer short squeeze wiped out around $300M, but the bear market still continued for months after that.
Now in 2026, the squeeze is much bigger, with around $5B liquidated.
So I still think one more strong flush could happen before the market fully settles.
I’m personally DCA’ing over the next 2–4 months instead of trying to catch the exact bottom.
What’s your view final flush first
$SOL $XRP The focus of mainstream coins today is not how much they fall, but that after a big surge, funds are starting to re-segment.
$BTC is still fluctuating above $77,000 in the evening, with the previous low hitting 75,513 but quickly recovering, indicating core support remains; however, momentum clearly slows after the surge, and currently it is more about digesting profit-taking at high levels. $ETH is repeatedly tugging above $2,400, with slightly less strength than BTC, which is a normal pullback after a rapid rise. Prices are based on tonight's market snapshot.
The capital side is not bad: as of the week of August 21, the US spot BTC ETF net inflow was about $1.9 billion, ETH ETF inflow about $697 million, totaling approximately $2.6 billion, marking the strongest week since last October.
Additionally, the US Treasury expanded the scale of long-term Treasury repos, and with Trump continuing to push the CLARITY Act, risk asset sentiment has indeed improved these days.
Overall, today looks more like a redistribution of funds after a big surge: BTC is responsible for stabilizing the market, ETH is digesting at high levels, fast-rising coins from earlier are starting to realize gains, and some strong coins continue to cluster. The market is not cooling off; it has just shifted from broad gains back to a differentiation between strong and weak. $TRUMP #BTC冲高后震荡，ETF资金持续流入 $TRUMP broke through $3.4, reaching a new high since March 21, with a 24h increase of nearly 93% and a market cap of $1.9 billion. Meme coins are highly volatile and extremely risky.
Leverage-driven surge
Derivative data shows clear signs of leverage in this rally, with open interest contracts hitting a stage high, funding rates negative, and shorts facing a squeeze. Futures trading volume far exceeds spot, indicating intense long-short battles.
Rally triggered by debunked rumors
The rise was sparked by rumors of the Trump family issuing a coin, which Eric Trump later publicly denied. The news was proven false, making this a pump driven by a false rumor.
Market & on-chain signals warrant caution
Some believe the denial means the negative news is fully priced in. During the surge, project-related addresses transferred 3.837 million TRUMP tokens (about $9.33 million) to exchanges, bringing potential selling pressure from large transfers.
The daily resistance zone at $3.10–$3.20 is critical; failure to hold above it could form a double top.
Market thoughts
The current game is highly speculative; beware of leverage liquidations, news reversals, and large chip sell-offs. Exercise caution in news-driven rallies.
What do you think about this false rumor-driven surge? Share your thoughts in the comments below 👇
⚠️ Disclaimer: This is personal sharing of public market data only and does not constitute investment advice. Crypto assets are highly volatile, Meme coins carry significant risk, please DYOR, and only invest spare money you can afford to lose.
$BTC
#特朗普披露千笔证券交易，透明度受关注 From $250 to $860: $ZEC hits an eight-year high.
In June, a serious vulnerability was exposed in $ZEC's Orchard privacy pool, theoretically allowing the creation of undetectable counterfeit ZEC.
Although there is no evidence that the vulnerability was exploited, the market remained concerned about the credibility of the supply, causing the price to plummet from around $630 to below $250.
OKX market data shows $ZEC has rebounded to $840, with an intraday high surpassing $875, marking an eight-year peak.
The rapid market reversal is due to two factors: first, the Ironwood privacy pool completed formal verification, enabling independent verification of circulating supply; second, Grayscale continues to push for the Zcash trust to convert to an ETF, planning to list ZCSH on NYSE Arca, bringing renewed capital attention to the privacy sector.
The market is currently overheated: ZEC futures trading volume is about $9.5 billion, while spot trading is only $1.06 billion, with leveraged trading nearly nine times the spot volume.
This rally is driven by security fixes and ETF expectations, as well as the boost from derivatives.
Going forward, it is important to watch whether spot market funds can take over; if the news cools down, the price could fall quickly as well. Does a big bullish candlestick directly declare the end of the bear market? But will the bull market really start immediately? $BTC $ETH
#BTC冲高后震荡，ETF资金持续流入 #ETH触及2500美元后震荡
Looking back at the cycle bottom at the end of 2022, Bitcoin also formed consecutive large bullish candlesticks with increased volume after stabilizing at a low level, strongly breaking through the “Bull Market Support Band.” However, it did not immediately rally unilaterally but went through months of consolidation and gradual decline, repeatedly testing support and absorbing selling pressure before officially entering a magnificent main upward wave.
History always rhymes similarly:
Definition of the big bullish candlestick: This week’s large volume bullish candlestick surged directly to $79,000, successfully standing above the Bull-Bear Transition Band (69,400–69,500), basically confirming the effectiveness of $57,800 as the major bear market bottom, breaking the logic of blind bearishness.
Premise for the bull market to start: The price is still pressured by the 50-week moving average (SMA 50 around $81,784). As long as the weekly candlestick body does not increase volume and stabilize above the 50-week moving average and the $81,900–$83,300 resistance zone, the market is very likely still in the “end of bear, beginning of bull” accumulation phase.
Conclusion: The end of the bear market does not equal an immediate bull market surge. It is highly probable that a phase of gradual decline or retesting (such as a double bottom at $70k or even $63k) will occur next. Be patient and wait for a stable pullback to buy the dip $PUMP has been rising continuously for a long time. Personally, I think that at this point in time, it is possible to try shorting it because I believe it will pull back in the short term. The long-term trend is still uncertain. —————————————————— Let's take a look at its contract data. We can see that its contract open interest is continuously increasing, while the contract long-short ratio is continuously decreasing. This means that during the price increase phase, a lot of capital is coming in to short. This is quite normal because its price is indeed a bit too high. Let's also look at its data over a longer period. We can see that its contract open interest has reached a new high, and the contract long-short ratio has also reached a new low. In this chart, we need to pay attention to two time points for the contract long-short ratio: July 28 and August 6. At these two points, the contract long-short ratio hit bottom. At that time, the price of $PUMP was pulling back in the short term. Therefore, I personally believe that at least in the short term, it is very likely to pull back. The long-term is still uncertain. —————————————————— Currently, I tend to think that both the short and long term are at high levels. However, the data only supports the conclusion of a short-term high; the long-term high is a comprehensive judgment I made considering the overall market and its own situation. Simply put, the data can lead to the conclusion of a short-term peak, and experience can lead to the conclusion of a long-term peak. I ETH has really left the shorts speechless these past few days.
After surging past 2500, it’s now grinding around 2400. At first glance, it looks like it can’t push higher, but a nearly 30% weekly gain while holding at a high level is, in my opinion, more crucial than another big green candle.
In the first half, about $1.1 billion in short liquidations drove the move, but last week ETH spot ETF net inflows were around $697 million, indicating that it’s not just shorts being forced to buy back—real money is stepping in.
Now it’s a matter of whether this capital is willing to defend 2400.
I checked the on-site volume and gainers list, and the best tokens to watch alongside ETH are $AAVE and $UNI.
AAVE is up about 12% in a day, UNI nearly 6%.
These two aren’t just riding the hype: when ETH rises, the value of on-chain collateral and lending demand pick up first, benefiting AAVE; the hotter the market and the faster the turnover, UNI benefits from increased trading activity and fee expectations.
If capital continues to spread from ETH into the ecosystem, AAVE acts like a high-elasticity offensive position, while UNI is more like a DeFi thermometer. But despite catching up, they also tend to fall faster than ETH.
If ETH holds 2400, the story continues; once ETF inflows slow and 2400 breaks, these high-beta tokens usually get hit first.
I’m not rushing to guess if 2500 is the top yet; first, I want to see if the consolidation can absorb profit-taking.
If it can hold, there’s a next leg up; if not, the excitement is just the afterglow of a short squeeze.
$ETH
#ETH触及2500美元后震荡 Market Analysis: Big Players' Positioning Is Contrary, Don't Idolize Large Traders' Actions
This post reflects a common mindset in the community: treating large traders' position adjustments as insider signals and directly following their moves to make decisions.
Core Information Breakdown from the Original Text
The overall market sentiment leans toward a bullish expectation, with many influencers collectively bullish on BTC and ETH. However, the well-known trader "Boss Ten" chose to close long positions and keep short positions.
Ordinary investors are confused: the market seems ready to take off, yet the big player acts oppositely, leading to speculation about insider bearish news signaling an impending bear market, advising retail investors to reduce positions and set stop losses.
In-depth Logical Analysis
1. Large traders adjusting positions does not equal having insider information
Switching between long and short in futures accounts does not necessarily mean a full bearish market outlook.
It could be due to different trading cycles: still bullish long-term, but expecting a short-term pullback, closing longs and opening shorts to hedge a retracement; or it might just be swing trading to hedge and protect already secured profits, not a full bearish outlook signaling the end of a bull market.
There is no so-called "official advance notice of a crash" insider information in crypto.
2. Big players' positions ≠ your trading signals
Large traders have different capital size, tolerance for floating losses, and position holding periods compared to ordinary retail investors.
For the same short position: big players can withstand significant adverse fluctuations and have ample funds to add or adjust positions; small retail investors blindly copying this can easily get liquidated.
Others' position adjustments should only be considered as market observation clues, not direct triggers for your own trades. Market Analysis: Beware of the "Hindsight Logic" in the Market
Core Content Breakdown
1. The Swing Cycle of Market Collective Sentiment
During BTC's sideways movement around 64,000, the market was generally cautious, and no one dared to boldly call a bull market.
After a strong bullish candle pushed the price to 72,000, the entire network collectively turned into firm bulls, wildly expecting 82,000 or even 200,000.
Once the price fell back below 70,000, the narrative immediately changed, judging it as a false breakout, the rebound ended, and expecting a further drop below 60,000.
Market sentiment completely switches back and forth following price movements.
2. Post-hoc Constructed Logic is the Norm
Narratives like the CLARITY Act, QE, interest rate cuts, and US debt liquidity are objective variables themselves. But many people only use these news items to explain the market after the price movement has occurred—when the market rises, they find bullish reasons; when it falls, they emphasize bearish factors. The logic follows the price action without any prior prediction.
3. What Truly Valuable Opinions Are
Valuable predictions clarify the bullish/bearish logic, key price levels, and invalidation conditions before the market outcome is known.
For example: bullish at 64,000, while clearly stating that if it falls below 60,000, the view is invalidated and one should admit the mistake and exit.
Mistakes are allowed, but clear boundaries for admitting errors must be given to have meaningful review.
Only being a hindsight expert who interprets the market after the fact has no practical reference value.
4. Public Sentiment Itself is a Contrarian Indicator
Collective fear during low-level sideways movement and widespread enthusiasm after a big rally are market sentiment cycles; one should be more cautious during times of frenzy. #ZEC hits an all-time high on the platform, privacy assets revalued
Why is it so strong? Three things combined.
First, Grayscale is making moves. On August 21, Grayscale submitted its fifth amendment to the SEC to convert the Grayscale Zcash Trust into a spot ETF, ticker ZCSH, planning to list directly on NYSE Arca on August 25. This is not just talk; it’s really going to happen. The market is pricing in institutional inflows post-ETF approval, and ZEC took off immediately after the news.
Second, the technical side is cooperating. On July 28, the Ironwood upgrade activated, solving the biggest problem of privacy coins—uncertainty about circulating supply. Now it’s verifiable on-chain, and institutions fear not being able to audit properly. This step paves the way for compliance.
Third, big players have entered. The Winklevoss brothers invested $33.33 million to build a mining farm, accounting for 18% of Zcash’s total network hash rate. Miners are the most knowledgeable in the industry; putting real money in shows they are serious.
Here’s my take.
The core logic behind ZEC’s recent surge is the triple resonance of ETF expectations, supply transparency, and hash rate support. It’s very similar to the previous big rally in Bitcoin; institutions need a compliant channel to enter. If the ZEC ETF is truly approved, the valuation logic for the entire privacy sector will be rewritten.
The best approach is to patiently observe; both ups and downs are possible. Stimulus is stimulus, but risk control remains crucial, brothers.
$ZEC $BTC The short positions are still at a floating loss, but I've been seriously pondering recently: will there be a rate cut in September?
Will the CLARITY Act accelerate its passage?
Look at the big coin $BTC, which surged from 63,000 to nearly 80,000, now hovering around 77,000; the second coin $ETH rose from 1,700 to over 2,400. Last week, ETFs poured in 2.6 billion USD, and shorts were liquidated for tens of billions.
With the midterm elections approaching, Trump definitely doesn't want the economy to look too bad. The market is already pricing in a 96% chance of a rate cut in September. Inflation hasn't exploded, and employment has softened a bit—this is basically giving room.
The CLARITY Act vote is also scheduled for September 15. If it passes, won't institutions be even more confident to enter the market?
So my thinking is getting clearer: short-term volatility and shakeouts are normal. Just this weekend, 170,000 people were liquidated, but if the rate cut expectation really takes hold, the US stock market, big coin, second coin, and gold will all have another decent rally.
As for my short positions? Still holding on. Talking bullish but still short in hand—both inexperienced and playful.
#BTC冲高后震荡，ETF资金持续流入
#ETH触及2500美元后震荡 September Clarity Act + October TOKEN2049, the two most critical nodes for crypto in the second half of the year are coming. Brothers, standing at the end of August, let's do a simple calm review before the year-end. In September and October, there are two unavoidable events in the crypto market: 1. September: US Clarity Act (a crypto market structural bill strongly promoted by the Trump administration) Current progress: The Senate Majority Leader has scheduled a key procedural vote around mid-September (around the 15th) after the August recess. If it passes, there is a chance to push it to a formal vote later. The core content roughly includes: • Clarify which tokens are securities and which are commodities • Define the regulatory boundaries between the SEC and CFTC • Provide the industry with a clear federal-level regulatory framework The biggest sticking point currently is the "ethics clause" — whether to prohibit current officials (including the president and their spouse) from issuing/sponsoring crypto assets during their term, as well as the enforcement mechanism and sunset clause. Democrats and Republicans have been tugging on this point for a long time. In terms of market sentiment, recently Trump personally met with a group of crypto CEOs at the White House, publicly urging the passage of a "fair version" of the Clarity Act, combined with a short-term rebound in Bitcoin, indicating the market is trading on the expectation that it "might pass." However, whether the bill can ultimately be implemented and in what version remains uncertain. Passing it would be a phased positive, but failure does not mean the industry will immediately collapse — it just means regulatory clarity will continue to be delayed. 2. October 7-8: Singapore TOKE#ETH震荡 after reaching $2500
ETH's recent rally is no longer just a simple rebound following BTC. $ETH
The price surged from a weekly low of 1868 to 2542, an increase of over 30%, and is now consolidating around 2430–2440. The overall trend remains bullish, but there is obvious selling pressure above 2500, and the short-term has entered a high-level turnover phase.
There are several main reasons for this rally:
✔ U.S. Treasury repurchase policies have eased long-term interest rate pressure, weakening the dollar and causing risk assets to rebound collectively.
✔ Expectations for crypto regulation have improved, and BTC's breakout has driven market sentiment back.
✔ The U.S. spot ETH ETF has seen net inflows of about $693 million over five consecutive days, providing real spot buying demand.
✔ The market was previously overcrowded with shorts; breaking through 2000 triggered massive liquidations, further accelerating the rise.
✔ Ethereum is testing content related to the next Glamsterdam upgrade, with the long-term technical narrative still progressing.
Regarding price, 2360–2400 is the current first support. As long as this area is not effectively broken, the current move looks like a normal pullback after a breakout and cannot be directly defined as a false breakout.
On the upside, the key resistance zone is 2520–2550; only a volume-backed hold above this level will offer a chance to challenge 2600 and 2700. If 2360 breaks and the rebound fails to recover, the downside targets are 2300 or even 2200–2250.
Therefore, I remain bullish on ETH, but having risen 30% in a week, the current position is not suitable for blindly chasing the rally. The real question ahead is not whether it can push higher again, but whether it can hold 2400 on the pullback.
Holding 2400 means strong consolidation; breaking below it would signal caution that this rally may be weakening.Market maker Wintermute has transferred a total of 3,834.3 BTC$BTC to Binance this week, with a total value of approximately $256.8 million. On August 23 alone, it transferred BTC and SOL worth about $57 million to Binance and Coinbase.
#BTC冲高后震荡，ETF资金持续流入
Price drop: Bitcoin fell below $77,000 on Sunday (August 23), reaching a low of $75,500. Just the day before, Bitcoin had recorded its strongest weekly gain of the year, once approaching $80,000.
Short selling behavior: On-chain data shows Wintermute holds about $146 million in short positions on the Hyperliquid platform, with short positions far exceeding its long positions.
Not a one-way sell signal: Large transfers to exchanges are often seen as potential selling pressure but may also be normal inventory management and liquidity allocation by market makers.
Clear bearish bias: Considering Wintermute's large short positions established in the derivatives market, this appears more like a clear bearish bet or hedging operation.
Complex market background: This pullback also occurred after Bitcoin experienced its best weekly performance in years. After a short-term surge, there was already a need for profit-taking, which, combined with Wintermute's short selling, jointly intensified the decline.