Bitcoin (BTC) — Onchain News & Whale Tracking

The overall crypto market experienced a short-term plunge, with Bitcoin briefly falling below $77,000 and Ethereum briefly dropping below $2,400.

According to HTX market data, the overall cryptocurrency market has pulled back, with Bitcoin briefly falling below $77,000, Ethereum briefly dropping below $2,400, and SOL briefly slipping below $90.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $307.5 million, while U.S. spot Ethereum ETFs recorded a net inflow of $184 million.

According to Farside's monitoring, U.S. spot Bitcoin ETFs posted a net inflow of $307.5 million yesterday, marking five consecutive trading days of robust net inflows. In the same period, U.S. spot Ethereum ETFs saw a net inflow of $184 million, extending their streak to seven straight trading days of net inflows.

A crypto whale sets 10 major targets, reopens nearly $80 million in Bitcoin short positions, with BTC shorts incurring an unrealized loss of $1.98 million.

According to monitoring by AI Auntie, the whale codenamed "Set 10 Big Goals" has added new positions to its BTC and ETH short positions, bringing its current position size to nearly $170 million. Its current short positions breakdown is as follows: BTC short: 1,830.724 units, valued at ~$139 million, average entry price of $76,397.56, with an unrealized loss of ~$1.98 million; ETH short: 12,756.739 units, valued at ~$30.25 million, average entry price of $2,371.57, with an unrealized loss of ~$858,000. After adding nearly $80 million in new short positions, the whale has set BTC's stop-loss price at around $80,500.

Ray Dalio of Bridgewater Associates recommends allocating to Bitcoin and gold to hedge risks, warning that a U.S. debt crisis is approaching.

Bridgewater Associates founder Ray Dalio said that as U.S. debt pressures continue to rise, investors should reduce bond allocations and hedge risks with non-government-issued assets like gold and Bitcoin. Dalio recently noted that portfolios can allocate around 10%-15% to gold and hold "a portion" of Bitcoin to mitigate debt crisis risks and boost long-term returns. He believes that as the global debt cycle enters a critical phase, non-sovereign currency assets like Bitcoin may benefit. Dalio pointed out that the U.S. government is projected to collect about $5.5 trillion in revenue this year, with $7.5 trillion in spending, leaving a fiscal gap of roughly $2 trillion. Meanwhile, U.S. interest payments are expected to nearly hit $1 trillion, and about $10 trillion in debt faces refinancing pressure. He warned that if fiscal policies are not adjusted, a U.S. debt crisis could emerge "in roughly the next three years (plus or minus two years)." As debt servicing pressures mount, the government may be forced to accept higher interest rates or rely on central bank balance sheet expansion to buy debt, which would erode currency values and drive up inflation. Recently, U.S. long-term Treasury yields have risen to multi-year highs, and U.S. Treasury Secretary Scott Bessent announced an expansion of the long-term U.S. Treasury buyback program, but markets view this measure as only providing short-term support, not solving structural fiscal issues. Driven by a weaker dollar, improved liquidity expectations, and safe-haven demand, Bitcoin recently broke through $77,000, posting one of its strongest weekly gains since 2023. Dalio stated: "Non-government-issued monetary assets, such as gold and Bitcoin, are expected to perform well." These remarks have further strengthened market attention on Bitcoin's "digital gold" narrative, with investors viewing it as a key asset to hedge against currency devaluation and long-term fiscal risks.

Bitcoin's Ahr999 indicator has exited the "buy-the-dip zone", with this round's dip-buying window lasting approximately 82 days.

According to third-party data, as Bitcoin continues its current rally, the Ahr999 "bottom-fishing" indicator has entered the "dollar-cost averaging (DCA) range", now standing at 0.5073. Looking back at the Ahr999 "bottom-fishing" signal for this cycle, its window period (May 29 to August 19 this year, when the indicator was below 0.45) lasted roughly 82 days. BlockBeats Note: The Ahr999 indicator assists Bitcoin DCA users in making investment decisions by combining timing strategies. It reflects the returns of short-term Bitcoin DCA and the deviation between Bitcoin's price and its expected valuation. Historically, the Ahr999 index has remained below the bottom line (0.45) for 655 days in Bitcoin's history.

Tom Lee: This week could mark the "best 10-day period" for Bitcoin to post concentrated gains.

Tom Lee posted on X that investors waiting for the October crypto market bottom need to re-examine timing risks. Citing Fundstrat’s “Bitcoin Rule of 10 Best Days,” he noted that Bitcoin’s long-term gains are heavily concentrated in a small number of trading sessions. Historical data shows most of Bitcoin’s returns stem from its 10 best-performing trading days annually; missing these 10 days could lead to a sharp drop in investment returns. Data indicates that capturing Bitcoin’s 10 best trading days yields a cumulative return of roughly 162%, while returns fall to -14% if these days are excluded. “This week has already become one of those 10 best days, so long-term investors should opt to HODL rather than attempt to time the bottom precisely,” Tom Lee stated.

Renowned trader Killa has expressed skepticism about Bitcoin breaking through the $100,000 mark this year, noting that the cryptocurrency market is likely to trade sideways and fluctuate in the period ahead.

Prominent trader Killa has released a post updating his latest market outlook: “I remain bullish on the market, but highly doubt Bitcoin will break $100,000 this year. I expect it will stay range-bound. My plan remains unchanged: after the first rally, we will reaccumulate positions ahead of the next move, similar to 2022.” Killa, a BTC-focused quantitative trader, predicted the peak of the current bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then shifted to long positions during the broad market sell-off on June 5.

Bitwise CIO: Bessent’s Repurchase of US Treasuries Highlights Bitcoin’s 'Hard Asset' Attribute

In response to Scott Bessent’s move to ramp up US Treasury bond repurchases, Bitwise CIO Matt Hougan wrote in an article: "When the government artificially suppresses long-term interest rates, it erodes the value of savings. Investors need to buy hard assets to get out of this predicament. Bitcoin is the fastest horse in this race."

Peter Brandt: Bitcoin has shifted to a valid bottom pattern, and he bought when it broke out.

Famous trader and chart analyst Peter Brandt, who accurately predicted the 2018 Bitcoin crash, posted yesterday that Bitcoin originally formed an inverted head-and-shoulders pattern and was in an overall downtrend, leading him to be bearish. However, the recent sharp rally has fully shifted Bitcoin’s pattern into a valid bottom. Brandt bluntly stated he “bought at the breakout, for better or worse.” On July 20, Peter Brandt noted that he expects Bitcoin’s current market cycle to bottom on October 4, 2026, and believes returns from investing in Bitcoin over the next two to three years may outperform those from AI stocks.

Analyst: Bitcoin has touched the long-term downtrend line and the 21-month EMA line; a breakout above the current resistance line is required to confirm a bull market.

Crypto analyst Rekt Capital has released a technical chart analysis of Bitcoin, noting that the leading cryptocurrency is facing resistance from a macro downtrend line that aligns with the 21-month Exponential Moving Average (EMA). According to Rekt Capital, if Bitcoin stalls at this resistance zone, it could find support at the 50-month EMA (marked in purple). Overall, Bitcoin needs to re-establish these two macro EMAs as new support levels and break through the macro downtrend line to confirm the start of a new bull market. Rekt Capital is a veteran crypto technical analyst boasting 560,000 followers on X.

Bitcoin treasury firm BSTR terminates merger plan with Cantor Equity Partners.

Bitcoin treasury firm BSTR Holdings announced it has reached an agreement with Cantor Equity Partners to terminate the business combination agreement signed on July 16, 2025. The termination stems from persistent valuation pressure on Bitcoin and listed Bitcoin treasury companies amid the current market environment, which has created capital market mismatches and limited the amplifying effect of financing instruments such as convertible bonds and perpetual preferred stocks in Bitcoin treasury strategies. BSTR stated it will continue to advance its institutional-grade Bitcoin asset management business once the market environment stabilizes. (Businesswire)

Crypto whale sets 10 major targets: Bitcoin won’t rise continuously, with a medium-term target of $100,000 by March next year.

Whale "Set 10 Big Goals First" posted on X that he has reopened short positions at $76,000, noting the logic is straightforward: "When I opened long positions around $63,000, my stage target was originally $74,000. I still maintain the bull market has returned, and this judgment hasn’t changed. However, I’ve always believed this cycle should be a volatile upward trend, and so far, I haven’t seen enough signals from macro and market structure to support such a trajectory." He has now reduced the vast majority of his short positions. "This isn’t because I’ve changed my judgment, but to control risks. If prices continue to rally sharply here, $82,000 and even $84,000 are possible, so there’s no need to bet my entire position on my judgment being 100% correct. If the daily close is firmly above $80,500, I will admit this trade is wrong, close all positions, and step back for a while. If prices fail to hold here and turn weak again, I will consider adding back the short positions I reduced." The whale reaffirmed his mid-to-long-term outlook on BTC: "I remain bullish on BTC in the medium and long term, but being bullish long-term doesn’t conflict with short-term bearish trades. This short position is a bet on a pullback during the uptrend, not a return to the bear market. If I’m wrong, I will admit the mistake above $80,500. I still believe BTC will hit $100,000 by March next year."

Glassnode: Bitcoin erases its 3-month underperformance relative to the S&P 500 in just 3 days.

According to Glassnode data, Bitcoin erased its 3-month underperformance relative to the S&P 500 in just 3 days. Data shows that BTC has underperformed the S&P 500 for most of the time; however, when BTC outperforms the S&P 500, its excess returns are often significant.

Bitcoin briefly dropped below $77,000.

According to HTX market data, Bitcoin briefly dipped below $77,000, currently trading at $76,853.39, with its daily gain narrowing to 6%.

Bitcoin's apparent demand has hit a new high since the start of this year, entering a phase of supply shortage.

Crypto analyst Darkfost noted in a post that Bitcoin’s 2026 apparent demand reached a record 25,000 coins, signaling that actual spot buying volume outpaces newly mined Bitcoin, with market buying strength exceeding supply. Apparent demand is defined as daily block subsidies minus the daily change in supply that has remained unused for over a year, a metric used to gauge whether structural accumulation can effectively absorb new supply.

Bernstein: Bitcoin's push toward $80,000 is liquidity-driven, with ETF fund flows rebounding.

Bernstein analysts believe Bitcoin’s rally over the past two days may signal a shift in market momentum, driven by improved liquidity conditions, rebounding ETF demand, and more favorable regulation. Bitcoin hit $79,500 at one point on Friday before pulling back to around $78,000. The analysts linked this rally to the U.S. Treasury’s announcement of expanded long-term Treasury repo operations, noting that liquidity expansion has historically been positive for Bitcoin. Additionally, Ethereum has outperformed Bitcoin during this rally, a trend analysts attribute to ETH’s greater exposure to stablecoins, tokenization, and real-world assets. Flows into spot Bitcoin ETFs have shifted from net outflows in May and June to net inflows of $1.6 billion this week, pushing their total assets under management to over $85 billion. Strategy’s holdings have turned into unrealized gains of more than $2 billion, with its cash reserves sufficient to cover 2.8 years of dividend payments. Bernstein also noted that regardless of whether the highly anticipated CLARITY Act—set for a procedural vote on September 15—passes, the SEC and CFTC are expected to accelerate legislative processes in areas including native token issuance, equity tokenization, perpetual contracts, computing power derivatives, and prediction markets. (The Block)

Bitcoin surges past $79,000, rising over 10% in 24 hours.

According to HTX market data, Bitcoin has strongly broken through the $79,000 mark, currently trading at $79,200, with its 24-hour price gain expanding to 10.61%.

Bitcoin surges strongly, breaking through $78,000.

According to HTX market data, Bitcoin has rallied sharply to break through the $78,000 mark, with a 24-hour gain of 8.61%.

Bitcoin briefly breaks through $77,000.

According to HTX market data, Bitcoin briefly broke through the $77,000 mark and is currently trading at $76,966, with a 24-hour increase of 8.29%.

MicroStrategy’s Bitcoin holdings gained $10 billion in value over the past week, returning the company to profitability with an approximate $830 million profit.

With Bitcoin (BTC) surging over 20% this week, the book value of BTC held by Michael Saylor’s firm Strategy has rebounded significantly. Public data shows Strategy holds 840,447 BTC, with a current market value of around $64.19 billion, an average cost basis of roughly $75,385, total cost of approximately $63.36 billion, and an unrealized profit of about $830 million on its BTC holdings at current prices. Calculated against BTC’s price of around $64,500 a week ago, Strategy’s BTC holdings have seen a weekly book value gain of roughly $10 billion as BTC has rallied to the current $76,378 level.

An anonymous crypto whale transferred 3,000 Bitcoin to Binance once again in the past two hours.

According to Lookonchain monitoring, the mysterious whale with address bc1qsy has once again deposited 3,000 Bitcoin (valued at $225.67 million) to Binance in the past two hours. Since July 19, the whale has accumulated a total of 12,513.5 Bitcoin (valued at $850 million) deposited to Binance.

Bitcoin briefly surges past $76,000, with an 8.71% gain in 24 hours.

According to HTX market data, Bitcoin briefly broke through the $76,000 threshold, currently trading at $75,938, with a 24-hour gain of 8.71%.

Yesterday, Bitcoin ETFs posted a net inflow of $606.3 million, while Ethereum ETFs saw a net inflow of $219.5 million.

According to monitoring by Farside Investors, Bitcoin ETFs posted a net inflow of $606.3 million yesterday, while Ethereum ETFs recorded a net inflow of $219.5 million.

Renowned trader: Bitcoin’s bear market has ended, and it is currently in the early stages of a bull market.

Renowned trader Doctor Profit stated that Bitcoin has recently rallied past multiple key resistance zones, arguing the current bear market is over and the market is entering the early stages of a bull run. In a single recent day, BTC broke through 4 to 5 full bear market resistance zones, including the bear market resistance band he had previously flagged. He noted this move has undermined market skepticism about the indicator’s validity, adding that only a few key resistance zones remain ahead for Bitcoin; a successful breakout would further confirm the start of a bull cycle. The market is currently in the transition phase from bear to bull, he added. Three price levels are now critical to monitor: $71,500, $78,000, and $82,000. Of these, $71,500 is the most important resistance level at present. If BTC can effectively hold above this zone, or form a weekly closing breakout, the key confirmation of the breakout will be completed. The $78,000 zone also needs to be breached, and once the $82,000 level is broken, the bull run’s upside potential will expand further. Additionally, one of the largest Bitcoin short liquidation events in history has unfolded recently, with some investors missing out on positioning opportunities earlier due to their belief in the four-year cycle or expectations of an August pullback.

Yi Lihua: Bitcoin has ended its bear market trend and will remain bullish over the next two weeks.

Liquid Capital (formerly LD Capital) founder Yilihua stated in a post that after determining the end of the market rebound in May, his primary focus over the past two months has been one key point: the period from July to August could be the final bottom-fishing opportunity for Bitcoin in this cycle. With Bitcoin (BTC) surging past its 120-day and 200-day moving averages on the daily timeframe, and breaking above the 20-week moving average on the weekly timeframe, BTC’s bear market trend has officially concluded. He noted that the market will remain bullish over the next two weeks, but a pullback may occur after BTC rises to a certain level. The subsequent pullback will not exceed 50% of the prior rally’s magnitude; for investors using leverage, he recommends reducing long positions and referencing the weekly trend and pullback levels from Bitcoin’s 2023 bull cycle. Bitcoin has fallen from a peak of $126,000 to $57,000 in this cycle, with a maximum decline of around 56%. He believes this drop has formed the cycle’s low point, and it will be difficult for the market to see BTC prices starting with $50,000 again.

Analyst: Bitcoin faces fewer upside resistance levels, with $83,300 as the next key resistance level.

On-chain analyst Ali Charts said Bitcoin has now formed strong support in the $61,849 to $63,111 range, an area where over 2 million BTC were previously traded. More importantly, data from the Unrealized Profit/Loss Distribution (URPD) metric shows Bitcoin has relatively few resistance zones above its current level. Ali Charts added that if BTC can break through $75,733, the next major supply dense zone is likely located in the $83,307 to $84,569 range, where roughly 1 million BTC changed hands previously.

Analyst: Bitcoin’s current rally is fueled by a short squeeze, with future market performance still requiring real demand to underpin.

Bitcoin surges past $75,000, hitting a three-month high. The rally was primarily driven by the U.S. Treasury’s announcement to expand the scale of its long-term U.S. Treasury bond liquidity support repurchase operations. The Treasury had earlier stated it would at least double the size of these operations for long-term nominal coupon securities with maturities of 10 to 30 years. Additional factors boosting market sentiment include the SEC’s latest crypto regulatory proposal and a White House meeting between Trump and crypto industry executives. The sharp rally has triggered massive short liquidations. Data from Coinglass shows that Bitcoin’s rise on Wednesday led to over $2.75 billion in BTC short positions being liquidated. In the past 24 hours, an additional $783.2 million in Bitcoin positions were liquidated, of which $747.7 million were short positions. However, analyst Shawn Young believes the current rally may be overinterpreted by the market. He noted that the crypto market is “assigning far more significance to the U.S. Treasury’s intervention measures than their actual impact,” adding that bond market changes are forcing shorts to cover quickly rather than improving Bitcoin’s macro fundamentals. U.S. Treasuries are still competing with Bitcoin for marginal capital, and the current rise is largely driven by the market’s previously overcrowded short positions. He called Bitcoin’s break above $70,000 “premature.” Zeus Research analyst Dominick John said short liquidations could still push prices higher in the short term, but as forced buying fades, future moves will need to be supported by real spot demand, liquidity conditions, and macro fundamentals. He added that the key for the market’s next phase is whether new capital can enter, turning this short squeeze into a sustained uptrend. Additionally, smooth passage of the Clarity Act in September could serve as an important catalyst for further crypto market growth.

A crypto whale that set 10 major targets first has reopened short positions on Ethereum (ETH) and added to its Bitcoin (BTC) short positions, bringing the total to 202.265 BTC.

Whale codenamed "Set 10 Big Goals" has reopened short positions on Ethereum (ETH), currently shorting 1,211.812 ETH at an entry price of $2,346.83. It also added to its short positions on Bitcoin (BTC), bringing the total to 202.265 BTC at an entry price of $74,506.57. Previous reports showed the whale pocketed $20 million from long positions on August 19, while $6.28 million in profits were wiped out by its recent short trades, leaving a net profit of $13.72 million from the round of long-short transactions.

Prominent Trader: Bitcoin Has Formed Its Bottom, May Enter Range Accumulation Phase Next

Well-known crypto trader Killa published a post stating that he believes Bitcoin has formed its bottom. Following the current rally, BTC may enter a new consolidation range, which could serve as an accumulation phase ahead of the next market expansion. He warned that the market is currently in a "manipulation phase", though some investors remain unconvinced by this assessment.

Bitcoin's market capitalization has surpassed Meta, pushing it to 13th place in the global asset market value rankings.

According to data from 8 Market, Bitcoin’s market cap is temporarily reported at $1.5 trillion, surpassing Meta (which has a market cap of $1.39 trillion) to rank 13th in the global asset market cap rankings. Additionally, Ethereum’s market cap rose to $283.89 billion, surpassing Dell to claim the 72nd spot in the global asset market cap rankings.

Bitcoin rose 16.66% in two days, its market cap rebounded to $1.5 trillion, and the broader cryptocurrency market continues to recover.

According to HTX market data, Bitcoin has surged sharply for two consecutive days, with a cumulative gain of 16.66%, bringing its market capitalization back to $1.5 trillion. The broader cryptocurrency market has rebounded. Following a flurry of positive remarks on the crypto sector from US President Trump this Wednesday, the first meeting of the US Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee was held this Thursday, with numerous crypto giants and executives in attendance, whose remarks further boosted the market. Meanwhile, CFTC Chairman Michael Selig stated that even if the US Congress fails to pass the Crypto Market Structure Act (the Clarity Act), the crypto industry will still obtain market structure regulatory rules. Selig noted that the CFTC can establish a market regulatory framework either by formulating rules or promoting legislation. He added that the CFTC is currently evaluating multiple crypto regulatory proposals, but will continue to monitor the progress of the Clarity Act. The bill is currently stalled in the US Senate, with a procedural vote expected in mid-September, though it remains uncertain whether it can secure enough votes ahead of the US midterm elections. Selig said legislation is "the most reliable approach," but the CFTC already holds substantial regulatory authority under existing laws. If Congress ultimately fails to pass the relevant bill, the CFTC will leverage its existing authority to enact regulatory rules.

Bitcoin returns above its 200-day moving average for the first time in 9 months, with the rally potentially signaling a strengthening of its long-term trend.

Bitcoin has rallied sharply recently, reclaiming its position above the 200-day moving average (DMA) for the first time since November 2025. This morning, it surged past the $75,000 mark at one point, driving a broader recovery across the entire cryptocurrency market. The 200-day DMA is widely used to gauge an asset’s long-term trend, and a price reclaiming this level is typically seen as a signal of a shift toward bullish market momentum. If Bitcoin can hold above the 200-day DMA, it could signal that the months-long downtrend is easing. The rally comes after the U.S. Treasury Department announced an expansion of its long-term U.S. Treasury bond repurchase operations. Starting September 9, the Treasury plans to raise the cap on each long-term Treasury repurchase operation from $2 billion to at least $4 billion, aimed at improving liquidity in the long end of the U.S. Treasury market. The news pushed long-term Treasury yields lower and boosted market risk appetite. Geoff Kendrick, head of digital asset research at Standard Chartered, previously noted that the expanded Treasury repurchase program could further drive Bitcoin’s gains, potentially helping BTC approach the $100,000 mark by the end of this year.

MicroStrategy’s Bitcoin holdings have fully recovered all unrealized losses, at an average cost of $75,385.

As Bitcoin surges past $75,000, it is now holding steady near the $75,500 level. Strategy’s Bitcoin holdings have fully recovered all unrealized losses, which had once topped $10 billion. The cost basis of Strategy’s Bitcoin positions stands at $75,385.

Bitcoin surges briefly, breaking through $75,000.

According to HTX market data, Bitcoin briefly rallied to break through $75,000, and has now pulled back to $74,800, with a 24-hour increase of 7.74%.

Analysis: Bitcoin selling pressure may be nearly exhausted, with an average 155% rise in the year following similar historical signals.

21Shares published a note stating that selling pressure in the Bitcoin market may be nearing exhaustion. Data shows the Bitcoin Seller Exhaustion Constant is currently around 0.007, placing it in the bottom 0.3% of all readings since 2010. The firm noted this marks only the 11th time in Bitcoin’s history such a low reading has been recorded. Following the prior 10 instances, BTC’s price one year later was higher than at the time of the signal, with a median gain of 155%. However, 21Shares emphasized that the indicator does not confirm Bitcoin has hit a bottom. Historical data shows Bitcoin may still decline in the short term after the seller exhaustion signal emerges, before completing a trend reversal.

Bitcoin surges in short-term trading, breaking through the $74,000 mark, rising nearly 8% in 24 hours.

According to HTX market data, Bitcoin has surged sharply in the short term to cross the $74,000 mark, notching a nearly 8% gain in the past 24 hours.

Bitcoin breaks through $73,000, with a 5.71% rise in the past 24 hours.

According to HTX market data, Bitcoin has broken through the $73,000 mark, currently trading at $73,320, with a 5.71% increase over the past 24 hours.

Peter Schiff: Bitcoin’s rise is just a "false breakout", advises selling BTC and buying gold.

Longtime Bitcoin critic Peter Schiff posted that Bitcoin’s rally to break above $72,000 is a fake breakout, not a genuine one. The U.S. Treasury’s announcement of a repurchase plan caught the market off guard. Bitcoin investors have long believed that a return to loose monetary policy would act as a catalyst for sharp gains in both gold and Bitcoin, but that view is only half correct. Schiff advised selling Bitcoin and buying gold.

Coinbase publicly calls on X to restore the Bitcoin emoji

Coinbase’s official X account posted that now appears to be a good time to resubmit this request to the X platform, calling out to X: “Restore the Bitcoin emoji.” Previous reports noted that X (formerly Twitter) removed the orange Bitcoin emoji associated with the #Bitcoin tag on July 26, 2024.

Coinbase CEO: Bitcoin could surge to $300,000 to $400,000 in the coming years

Coinbase CEO Brian Armstrong told FOX Business in an interview, "I think in the coming years, such as by 2030, we could very likely see Bitcoin reach $300,000 and $400,000."

Bitcoin approaches the formation of the "Golden Cross", long-term bullish signal re-emerges.

Bitcoin (BTC) may be approaching a "golden cross" formation, a technical analysis pattern generally regarded as a long-term bullish momentum signal. The pattern will be officially confirmed if Bitcoin continues its upward trend by breaking above the 50-day simple moving average (SMA), and also surpassing the current 200-day SMA of $69,005. This potential cross emerges as Bitcoin’s price has climbed to $71,000, having rallied over 12% in the past week, and currently trades slightly above its 200-day SMA. The 200-day SMA, which reflects Bitcoin’s average closing price over the past 200 trading days, is widely used to gauge long-term market trends. If Bitcoin remains above this moving average, it typically signals a potential shift from a bear market to a bull market; conversely, a break below the 200-day SMA would send the opposite signal.

Bitcoin wallets dormant for 11 years collectively 'awaken', transferring 1,214 BTC within 24 hours.

As Bitcoin rallies to this week’s high of $72,400, long-dormant "old coins" have suddenly been moving at an astonishing pace from cold wallets. Over the past 24 hours, a total of 1,314.41 BTC has been transferred from long-dormant Bitcoin wallets, with a total value of roughly $94 million. Of this amount, around 1,214.42 BTC, worth approximately $86 million, all came from wallets first used as early as 2011.

August 20 Update: #Bitcoin ETFs: 1D NetFlow: +6,603 $BTC(+$472.2M)🟢 7D NetFlow: +11,149 $BTC(+$797.21M)🟢 #Ethereum ...

August 20 Update: #Bitcoin ETFs: 1D NetFlow: +6,603 $BTC(+$472.2M)?? 7D NetFlow: +11,149 $BTC(+$797.21M)?? #Ethereum ETFs: 1D NetFlow: +78,306 $ETH(+$177.85M)?? 7D NetFlow: +132,276 $ETH(+$300.42M)??

Adam Back: Bitcoin could hit $1 million faster than the market expects.

Blockstream CEO and early Bitcoin community contributor Adam Back said Bitcoin hitting $1 million will happen faster than people expect, and its market capitalization will equal that of gold. Back is scheduled to deliver a speech at the Bitcoin Treasuries Conference on September 28.

CryptoQuant Founder: Bitcoin's futures and spot demand turn positive simultaneously for the first time, suggesting a potential start of a new bull market cycle.

CryptoQuant founder Ki Young Ju stated, "For the first time since Bitcoin hit its all-time high (ATH) in October 2025, demand for the leading cryptocurrency has turned positive across both spot and perpetual futures markets. The current scale of this demand growth remains limited, but if the trend persists for one month, it would be reasonable to conclude that the previous bear market has ended and a new bull cycle has begun."

Short-term Bitcoin holders transferred 44,300 BTC to centralized exchanges (CEXs) yesterday, marking the largest profit-taking activity recorded so far this year.

Crypto analyst Darkfost wrote that Bitcoin notched its largest single-day gain since February 2026 yesterday, surging 7.1% in 24 hours. The rally pushed Bitcoin’s price above the cost basis of short-term holders (STHs), triggering massive profit-taking among STHs. Data shows short-term holders transferred over 44,300 BTC to trading platforms yesterday, marking the largest profit-taking volume since 2026. Currently, the STH cost basis stands at roughly $67,100. After Bitcoin broke above this level, some previously profitable holders began moving their assets. Darkfost attributed the rally to multiple factors. U.S. Treasury Secretary Besant previously announced the U.S. would expand its long-term Treasury repurchase operations by double, driving a sharp decline in long-term U.S. Treasury yields. Later, Trump spoke at a dedicated crypto industry meeting at the White House, stating the U.S. is considering purchasing large amounts of BTC, urging Congress to pass the Clarity Act, and expressing his wish to facilitate Hyperliquid’s entry into the U.S. market. The market remains divided on whether these policy statements are mere discussions or the U.S. government’s genuine intent to become a global crypto hub. Currently, as Bitcoin attempts to break through key resistance levels—including the STH cost basis—the on-chain behavior of short-term holders continues to warrant close monitoring.

Whale "First Set 10 Big Goals" has liquidated $222 million worth of Bitcoin (BTC) and Ethereum (ETH) short positions, incurring a loss of $6.283 million.

According to on-chain analyst Ai Yi (@ai_9684xtpa), the trading account "10 Big Goals First" has fully closed all its short positions in BTC and ETH worth $222 million via stop-loss orders, taking a loss of $6.283 million. The account made $13.04 million from long positions yesterday, but today's short trades erased $6.28 million of those gains, resulting in a net profit of $6.76 million for this round of long-short trading.

Yilihua: Bitcoin’s strong rebound breaking through $68,000 may signal the end of the crypto bear market cycle.

Liquid Capital (formerly LD Capital) founder Yili Hua wrote in an article that he had repeatedly emphasized earlier that July to August could be the final bottom-hunting window. Based on Bitcoin’s historical decline patterns, after the end of the previous rally and the third stage of decline, BTC has rebounded strongly to break through the $68,000 mark, which may signal the end of the crypto market’s bear cycle. Investors should not attempt to catch the exact bottom at a specific price point, nor should they try to short in the bottom range. He noted that the two most noteworthy things moving forward are: how to operate in the new bull cycle to maximize returns, and seizing development opportunities in the AI sector at other times.

Bitcoin surges past $72,000, notching an 11.8% 24-hour gain.

According to HTX market data, Bitcoin has broken through the $72,000 mark, with a 11.8% increase in the past 24 hours.

Bitcoin breaks above $71,000, with a 10.46% gain over the past 24 hours.

According to HTX market data, Bitcoin has surpassed $71,000, with a 10.46% gain in the past 24 hours.