Viewpoint: Bitcoin is approaching a key resistance level, with potential pullbacks worth monitoring.

According to HTX market data, Bitcoin has rebounded above $69,000, currently trading at $69,711. Strategy’s unrealized loss on its Bitcoin holdings has narrowed to 7.53%, roughly $4.77 billion, down from a prior peak of over $10 billion. As of August 17, Strategy holds 840,447 Bitcoin, with a total cost of $63.36 billion and an average cost basis of $75,385 per Bitcoin.

According to Bloomberg, JPMorgan Chase stated that SK Hynix may allocate at least $130 billion in additional shareholder returns by 2027. The South Korean chipmaker earlier announced a 40 trillion won (roughly $29 billion) share repurchase plan, and plans to raise the proportion of cumulative free cash flow dedicated to shareholder returns from "no more than 50%" to "at least 50%" between 2025 and 2027. JPMorgan analyst Jay Kwon noted in a report that the key to the 40 trillion won repurchase plan is SK Hynix’s raised shareholder return commitment cap. Under the new policy, the company is projected to deliver "at least 180 trillion won in additional shareholder returns" by 2027, equal to 16% of its current total market capitalization, which is expected to support its stock price following recent declines. Kwon commented: "We believe the worst is behind us, and expect stock sentiment to gradually improve in the medium term, recommending investors to increase their holdings of the stock." He added that the repurchase plan was unveiled earlier than market expectations. SK Hynix’s stock rose as much as 13% Thursday on the Korea Exchange. The company announced it would repurchase and cancel up to 24 million shares, a move marking the largest share cancellation plan in the history of South Korean listed firms. SK Hynix’s gain also lifted the Korea Composite Stock Price Index (KOSPI), with rival Samsung Electronics’ stock climbing as much as 10%. Market participants believe higher shareholder return expectations could drive a rebound in South Korean memory chip stocks. The memory sector has recently pulled back due to concerns over the sustainability of AI-related investments and competitive pressure from China. Currently, SK Hynix’s stock remains more than 40% below its all-time high set in June.

According to Bitget data, South Korea’s KOSPI index closed 381.41 points higher on Thursday, August 20, notching a 5.89% gain to end at 6852.58 points. Samsung Electronics rose nearly 9%, while SK Hynix jumped more than 13%. Japan’s Nikkei 225 index closed up 890.37 points on the same day, a 1.36% increase, finishing at 66216.79 points.

According to Yonhap News Agency’s report on the 20th, South Korean memory chip giant SK Hynix and its labor union have reached a preliminary consensus on 2026 wages and collective agreement terms. The core change lies in a major adjustment to the distribution method of performance bonuses. The proposed preliminary deal includes a 6.3% wage increase, and revises the existing excess profit sharing (PS) system: 40% will be paid in cash in the current year, while the remaining 60% will be disbursed in the form of company stock. If the agreement is finally approved, this will be another significant adjustment to SK Hynix’s performance bonus system since its restructuring last year.

Data from prediction market platform Predict.fun shows that following Trump’s remarks, the probability of the Clarity Act being passed this year has edged up from 18% to 22%, indicating the market still has low confidence in the bill’s passage this year. According to yesterday’s reports, U.S. President Donald Trump, during a White House meeting with executives from the crypto industry and financial institutions, called on Congress to pass a "fair version" of the Clarity Act (Crypto Market Structure Act) to establish a clearer regulatory framework for digital assets.

According to monitoring by TradingBeats (formerly Hyperinsight), the largest HYPE long address on Hyperliquid—0x082e...ca88—currently holds around 1.38 million HYPE long positions, with a position value of roughly $98.12 million, an average entry price of $38.6755, unrealized profit of about $44.75 million, and uses 5x full leverage. The address opened a HYPE long position worth approximately $40 million with 5x leverage roughly 5 hours before Robinhood announced the listing of HYPE spot trading on October 23, 2025. Due to the extremely precise timing of its heavy entry, the community suspected it had non-public information, earning it the nickname "HYPE Listing Insider Whale". Between December 5 and 6 that same year, the address added around 93,500 HYPE in the $31–$32 range, bringing its total current holdings to about 1.38 million HYPE, and has held the contract positions ever since. It has so far paid $4.71 million in funding fees for its long positions.