Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin will see $6.4 billion in options expire this Friday, with $80,000 emerging as a key battleground for bulls and bears.

Approximately 81,700 Bitcoin options will expire on Deribit at 16:00 Beijing time this Friday, with a notional value of around $6.44 billion, which could further amplify market volatility. Of these, about 44,600 are call options and 37,100 are put options, with a put/call ratio of 0.83, indicating an overall bullish bias. The most concentrated strike prices for call options are $75,000 and $80,000, corresponding to open interest notional values of roughly $236 million and $157 million respectively. Deribit’s Chief Risk Officer noted that Bitcoin surged from around $62,000 to $80,000 over the past week, pushing a large number of call options into in-the-money territory and putting market makers under greater hedging pressure. Currently, options within 5% of the current price have a notional value exceeding $500 million. The approaching expiry could trigger more frequent gamma hedging, leading to a "pinning" effect on prices near key strike prices, or accelerated volatility after breaking through critical levels.

U.S. spot Bitcoin ETFs have attracted inflows for 7 consecutive days, with their year-to-date net outflow gap narrowed by more than half.

U.S. spot Bitcoin ETFs recorded net inflows for the seventh consecutive trading day on Tuesday, raking in $314 million in a single session, pushing their cumulative net inflows for August to $3.03 billion—just $390 million short of the October 2025 monthly inflow record. With recent sustained capital inflows, the year-to-date net outflow gap for U.S. spot Bitcoin ETFs has narrowed by more than half from its previous peak to $2.26 billion, while their total net assets rose to $99.05 billion, with cumulative net inflows hitting $54.36 billion. If the current trend continues, August is on track to be the strongest month for capital performance since October 2025. Meanwhile, U.S. spot Ethereum ETFs also posted net inflows for seven straight trading days, attracting $179.8 million on Tuesday, with cumulative net inflows of roughly $1 billion over the past seven sessions. As of press time, Bitcoin is trading at $78,880, down approximately 2% over the past 24 hours after briefly breaking above $80,000 earlier; the Crypto Fear & Greed Index has fallen from 74 to 65, though it remains in the "greed" zone.

Analysis: Bitcoin's long positions have remained stable recently, while short positions have continued to decrease.

According to on-chain data, since August 23, BTC long positions have remained at a relatively stable level. Following the price rise, the overall market has shown a neutral consolidation trend. Meanwhile, BTC short positions have continued to decline since August 17, indicating that some short funds are still continuously exiting the market. Analysts believe that current long positions in the market have not increased significantly, and future trends will still depend on whether the short covering trend persists. Earlier, analysts stated that Bitcoin would need to meet three conditions to trigger a full-scale rally: Hyperliquid whales turning bullish, Bitfinex whales completing BTC long position accumulation, and the disappearance of negative South Korean kimchi premium and negative Coinbase premium. Currently, Bitfinex whales have finished building their BTC long positions, and both the negative kimchi premium and negative Coinbase premium have vanished, meaning two of the three conditions have been fulfilled. The core focus of the market going forward will be whether Hyperliquid whales shift to a bullish stance; once this signal emerges, it could act as a catalyst for Bitcoin to launch a new round of upward movement.

Institutions plan to reduce costs for Bitcoin whales moving into ETFs; BlackRock reportedly lowers the in-kind conversion threshold for its IBIT Bitcoin ETF to $1 million.

BlackRock has drastically cut the minimum threshold for investors to directly exchange Bitcoin for shares of its spot Bitcoin ETF IBIT from $25 million to $1 million. The mechanism adopts the "in-kind creation" model, enabling investors to deliver BTC directly in exchange for ETF shares, skipping the need to first sell Bitcoin before purchasing ETFs, thus avoiding certain transaction steps and potential tax costs. Reports note Bitwise has also lowered its related conversion threshold from $100 million to $3 million. To date, IBIT has processed over $5 billion in cumulative in-kind conversions, up from $3 billion in October last year. As crypto asset theft, hacking and custody risks remain in the spotlight, a growing number of large Bitcoin holders are considering converting some of their self-custodied assets into regulated ETF products.

Yesterday, US Bitcoin spot ETFs recorded a net inflow of $314.3 million, while US Ethereum spot ETFs saw a net inflow of $179.8 million.

According to data from Farside, U.S. spot Bitcoin ETFs recorded a combined net inflow of $314.3 million yesterday. The breakdown is as follows: BlackRock’s IBIT saw a net inflow of $284.4 million, Fidelity’s FBTC brought in $15.4 million, Bitwise’s BITB had $3 million, MSBT $4.5 million, and BTC $7 million. Separately, U.S. spot Ethereum ETFs posted a total net inflow of $179.8 million, with BlackRock’s ETHA at $146.4 million, ETHB at $7.6 million, and Fidelity’s FETH at $25.8 million.

Whale Tracking: Yesterday, less than 2% of Bitcoin (BTC) short positions were liquidated, with traders flipping to long positions, while $34 million in long positions are once again nearing liquidation.

According to TradingBeats monitoring, short address 0x6046, which faced imminent liquidation if BTC rose just 2% yesterday, has closed out its short position of 559.36 BTC, incurring a loss of roughly $810,100. About 10 minutes after closing the short, the address immediately flipped to a long position, buying 428.287 BTC for approximately $34.59 million at an average entry price of $80,761. Its current position’s unrealized loss has since widened to around $677,100. Combined with the loss from the earlier short close, the address’s realized loss from the two directional swings plus current unrealized loss totals roughly $1.487 million, even exceeding its current account equity of about $1.277 million. As of press time, BTC is trading at $79,181. Its liquidation price stands at around $77,163, just 2.5% below the current price. The address currently has no visible BTC stop-loss or position-reduction orders. Previous news: If BTC rose another 2%, a whale that shorted $45.22 million yesterday would be forced into liquidation.

Bitcoin breaks through the $79,000 mark, with its 24-hour decline narrowing to 2.1%

According to HTX market data, Bitcoin has broken through the $79,000 mark, with its 24-hour decline narrowing to 2.1%.

TRON reached 400M total users in just 8.16 years, much faster than Bitcoin and Ethereum.

TRON reached 400M total users in just 8.16 years, much faster than Bitcoin and Ethereum. Bitcoin took 9.4 years to reach 400M users, while Ethereum took over 10 years.

El Salvador's Bitcoin payment experiment is nearly grinding to a halt, with a core developer witnessing firsthand the drying up of payments at 'Bitcoin Beach'

Bitcoin core contributor Jon Atack, who has resided in El Salvador since 2022, recently shared a firsthand account. When he paid for lunch with BTC at El Zonte, the famed "Bitcoin Beach", the clerk told him it was the shop’s first Bitcoin payment all month—an indication that BTC transactions in the area have shifted from common to nearly non-existent. When Atack tried to tip in sats, the three-year veteran staffer said he had forgotten how to use Bitcoin apps, describing the local Bitcoin payment ecosystem as "dead". Some travelers report scattered successful BTC payments in the region, and signs of Bitcoin acceptance still dot the town, but daily use has clearly declined. El Zonte was once the cradle of El Salvador’s Bitcoin narrative: in 2019, anonymous donors began distributing Bitcoin to the small town, and in 2021, El Salvador made BTC official legal tender. However, under a 2024 IMF loan agreement, El Salvador reclassified merchant Bitcoin acceptance as voluntary, triggering a sustained slump in on-chain payments. While Atack remains optimistic that El Salvador is still a leader in Bitcoin legislation and adoption, the payment fervor at "Bitcoin Beach" has effectively ebbed.

Garrett Jin added to his long Bitcoin position at an average price of $79,000, lifting his total position to $147 million.

According to EmberCN’s monitoring, the address of Garrett Jin, agent of the “BTC OG Insider Whale”, added 600 BTC long positions at $79,000 in the early hours, worth $47.4 million. He has held BTC long positions for three months, hitting a peak unrealized loss of $23 million in early July. Currently, he holds 1,868 BTC long positions (valued at $147 million) at an average price of $77,090, with an unrealized profit of $2.78 million. Separately, he opened short positions on 32,700 ZEC at an average price of $444 (valued at $25.28 million), now facing an unrealized loss of as much as $10.74 million.

The crypto market has seen a minor correction, with Bitcoin briefly falling below $78,000, while BNB, SOL, and ZEC dropped below their key price levels.

According to HTX market data, the crypto market has seen a minor downturn. Bitcoin briefly dipped below $78,000 this morning, and is now trading at $78,500. Ethereum stands at $2,443. SOL is priced at $96, after a pullback of over 3% following its break above $100. BNB fell below $700, now at $693. ZEC is at $774, having dropped below the $800 mark, with a nearly 7% decline over the past 24 hours. The total cryptocurrency market capitalization is down 0.4% in 24 hours, reaching $2.739 trillion. Leading altcoin movers: Gainers include BMT, which surged 54% in 24 hours to $0.023; ONG rose 17% to $0.1; PROM gained 14.6% to $4.12; FF, STX, TLM and others climbed over 10%. Losers: PEOPLE, STORJ, MUBARAK and others fell nearly 20% in 24 hours; PORTAL, JTO, ETHFI, DASH, MET and others dropped nearly 10%.

Opinion: Bitcoin’s full-scale rally still needs one final condition, and a Hyperliquid whale turning bullish could be the key

Crypto analyst CW stated in a post that Bitcoin will need to meet three conditions to kick off a full-scale rally: Hyperliquid whales turning bullish, Bitfinex whales completing their BTC long position accumulation, and the elimination of negative Korea Kimchi Premium and Coinbase Premium. So far, Bitfinex whales have finished building their BTC long positions, while both the negative Kimchi Premium and negative Coinbase Premium have disappeared—meaning two of the three conditions are already satisfied. The market’s core focus moving forward will be whether Hyperliquid whales shift to a bullish stance; once this signal emerges, it could act as a catalyst for Bitcoin to start a new upward trend. It’s worth noting that the above assessment primarily reflects the analyst’s personal views, and related premiums and whale position changes are generally only used as reference indicators for market sentiment and capital flows.

Bitcoin surges to a peak then drops below $80,000, with gold also retreating in tandem as market attention turns to PCE data and NVIDIA’s earnings report.

Bitcoin surged to $81,265 on Tuesday before pulling back, dropping as low as $78,111 and falling back below the $80,000 threshold. Gold weakened in tandem: spot gold fell nearly 2% to $4,605 per ounce, after hitting $4,697, its highest level since mid-May. Market trends show that the decline in U.S. Treasury yields no longer continued to drive gains for Bitcoin and gold, instead leading to a divergent pattern: U.S. stocks rose, while cryptocurrencies and gold weakened. The S&P 500 gained 0.2%, and the Nasdaq advanced 0.5%; meanwhile, the yield on the U.S. 30-year Treasury bond fell below 5.2%, approaching its lowest level since August 7. Analysts note that recent moves in U.S. Treasury yields remain a key driver of the crypto market. The U.S. Treasury Department earlier expanded its long-term Treasury repurchase program to ease upward pressure on long-dated yields, but amid the current inflation environment, the Federal Reserve’s room for interest rate cuts remains limited. Markets currently price in a roughly 61.9% probability that the Fed will hold interest rates steady in September. In the short term, market focus is shifting from Treasuries to the U.S. July PCE inflation data and the Jackson Hole Economic Symposium. Nvidia’s post-market earnings report on Wednesday could also act as a new catalyst for volatility in risk assets.

THORChain has rolled out its major version 3.20 upgrade, enabling native swaps of Monero (XMR) and Zcash (ZEC) for Bitcoin (BTC), Ethereum (ETH), and stablecoins.

THORChain has announced the launch of version 3.20, adding native cross-chain swap support for Monero (XMR) and Zcash (ZEC). Users can directly swap XMR and ZEC for BTC, ETH, and stablecoins without requiring wrapped assets, centralized exchange accounts, or surrendering custody of their funds. The upgrade also introduces Protocol-Owned Liquidity (POL) and Stable Reserve, while restoring support for Solana, Base, and BNB. The Stable Reserve enables zero-liquidity-fee swaps between stablecoins. This upgrade is expected to provide a new non-custodial trading path for users facing shrinking liquidity channels due to centralized exchanges delisting or restricting XMR.

Analysis: Bitcoin Holding Above $81,000 Could Mark a Key Signal of the Bear Market's End

Bitcoin surged roughly 25% over the past week, briefly hitting near $80,000, but market analysts note that the 50-week simple moving average (50W MA) remains a key technical resistance level to determine if the current bear market has truly ended. The average is currently trading in the range of approximately $81,000 to $82,000. Galaxy Research states that in past completed bear markets, BTC has seen the bear market bottom form 11 times when the asset reclaimed its 50-week MA. If Bitcoin can hold above this average at the weekly close, historical patterns suggest the current bear market is very likely over. Meanwhile, Bitcoin has broken above its 50-day, 100-day, and 200-day moving averages on the daily chart, signaling a sharp rise in short-term momentum. Some analysts believe this cycle’s low may already be in place, but with Bitcoin’s 7-day gain hitting roughly 25% and its 7-day Rate of Change (RoC) at an unusually high level not seen in nearly five years, historical data shows such extreme readings often precede short-term pullbacks or sideways consolidation rather than sustained straight-line gains. Going forward, the market will closely monitor whether Bitcoin can effectively break above and hold the 50-week MA to further confirm a trend reversal.

Bitcoin’s weekly RSI shows bullish divergence, market analysts reassess whether the bear market trend is over.

After Bitcoin rallied sharply by around 25% last week and briefly broke above $80,000, the market remains divided on the direction of its current trend. Technical indicators show Bitcoin’s weekly Relative Strength Index (RSI) has risen to 58.3, its highest level since the all-time high of $126,200 hit in October 2025, and it has formed a bullish divergence similar to that seen during the 2022 bear market bottom: prices had been making lower lows, while the weekly RSI formed higher lows. Jamie Coutts, chief crypto analyst at Real Vision, notes that weekly-level bullish divergences are highly valuable for judging long-term trends and cycle inflection points, with similar signals in the past often followed by further price gains. However, short-term indicators show signs of overheating: Bitcoin’s daily RSI has climbed to 82.93, its highest level since November 2024. Some traders are cautious about short-term pullback risks, but some analysts argue that it is not uncommon for RSI to stay above the overbought threshold of 70 for extended periods during historical bull markets. Additionally, Bitcoin’s two-month Stochastic RSI recently formed the expected golden cross, a potential bullish signal for a trend shift. However, this indicator only hit a low of 4.81 this time, failing to drop to near-zero levels as seen in signals before historical bear market bottoms, so the market still needs further observation to confirm whether this rally marks the official end of the macro bear market.

Bitcoin short squeeze reappears: Futures open interest falls to a five-month low, and the market’s leverage structure has become healthier.

Bitcoin has surged rapidly from around $62,000 to near $80,000 recently, marking its second-largest weekly gain in nearly five years. However, unlike previous rallies that came with massive leveraged capital inflows, open interest (OI) in Bitcoin-denominated futures has instead continued to decline in this cycle. Data from Glassnode shows that as of now, BTC-denominated futures OI stands at approximately 587,600 BTC, down from 645,800 BTC on August 14 and hitting a near-five-month low. Analysts believe this rally is driven more by short covering and short liquidations rather than a concentrated influx of new leveraged long positions. During this period, billions of dollars in short positions were liquidated, triggering a notable short squeeze that further pushed Bitcoin above $80,000. Meanwhile, the annualized funding rate for perpetual contracts remains below 10%, indicating that overall bullish leverage in the market is not overly crowded. Additionally, open interest in crypto margin futures has dropped to a historic low of around 52,000 BTC, accounting for just 11% of total market activity. The rising share of cash margin helps mitigate the cascading risk of "collateral shrinkage—forced liquidations—further price declines" during market downturns. Overall, current low participation in the derivatives market and a healthier leverage structure suggest this Bitcoin rally has stronger sustainability.

Bitcoin falls below $79,000, with a 0.14% drop over 24 hours.

According to HTX market data, Bitcoin has dropped below $79,000, with a 0.14% decline over the past 24 hours.

A BTC whale with a cost basis of roughly $45,000 per BTC has started offloading, selling Bitcoin worth $111.61 million.

Per Lookonchain’s monitoring, a crypto whale who had remained dormant for four years has sold 1,400 Bitcoin, valued at $111.61 million. The whale purchased 2,200 Bitcoin four years ago at an average price of $45,024, totaling $99.05 million. Notably, the whale did not sell even when their unrealized profits peaked at $178 million, but has recently begun offloading Bitcoin, and has now realized a profit of $76.5 million.

Analysis: Bitcoin’s moving average alignment remains bearish, with a key resistance level of $83,200 (the 365-day Simple Moving Average, SMA365)

CryptoQuant analyst Axel Adler Jr. stated that after a pullback, Bitcoin has reclaimed its short-term holder cost base of roughly $68,200. Meanwhile, with rising trading volume, the price has broken through the SMA200 (200-day simple moving average) level of around $69,000 and SMA111 of approximately $67,500. A large number of holders who bought recently are back in profit, easing the selling pressure from short-term holders who were in the red. However, Bitcoin’s moving average alignment still maintains a bearish structure: SMA111 sits below SMA200, and both are lower than SMA365’s roughly $83,200. This indicates the current move is merely a strong short-cycle recovery, not a confirmed reversal of the broader trend. The most critical upside resistance is the SMA365 level at $83,200. If the price stalls and pulls back at this level, the existing bearish structure will hold; if it can effectively reclaim it, this could mark the first serious evidence of a trend reversal. Key downside support lies in the $67,000 to $69,000 range, which encompasses both the short-term holder cost base and the dense zone of SMA111 and SMA200. As long as the pullback holds this range, short-term holders remain profitable, and the price stays above the moving averages, the market structure still holds upside potential; a break below would resume downside risks. The current market is leaning positive but has not yet fully entered a high risk appetite mode.

87% of the Bitcoin stolen in the Coldcard hack remain unmoved, totaling approximately 1,789.28 BTC.

Galaxy Research Head of Research Alex Thorn released the latest statistics showing that the Coldcard hardware wallet hack resulted in the theft of approximately 1,789.28 Bitcoin across 8,865 addresses, with a total value of roughly $114.7 million at the time of the breach. Of the stolen funds, 1,561 Bitcoin (87.3% of the total) remain in addresses controlled by the attackers and have not been moved. All Bitcoin stolen in the first three attack waves has been untouched, while only a portion of funds from later attacks have been transferred via mixing techniques including CoinJoin and peel chains. The statistics are based on 221 victim reports, covering 790.72 Bitcoin (44.2% of total losses). The median loss per victim is 1.04272 BTC, with over half of those affected losing more than 1 Bitcoin. Galaxy has shared the identified attacker addresses with cryptocurrency exchanges, compliance firms, and law enforcement agencies, aiming to enable fund freezing once the stolen assets enter centralized platforms. The unusually high share of Bitcoin remaining unmoved long after the attack may indicate attackers are waiting for a safer window to cash out, or alternatively create a time window for tracking and freezing efforts.

BIT-linked addresses liquidated $419 million worth of Ethereum (ETH) and Bitcoin (BTC) long positions, generating a profit of $55.095 million.

According to on-chain analyst Ai Yi (Twitter handle @ai_9684xtpa), BIT-related entities have a total of 11 addresses. These addresses previously held long positions in ETH and BTC worth a combined $419 million, and have since closed out the positions for a profit of $55.095 million. Currently, address 0xf78…6c581 holds 1,602.11 remaining ETH long positions, valued at $3.97 million, with an unrealized profit of $707,000.

Analysis: Bitcoin’s futures and spot demand are rising in tandem. Despite being overbought, trading against the trend is not advisable, and the strongest bullish momentum phase is approaching.

CryptoQuant analyst Darkfost noted that Bitcoin’s total demand has been rising steadily over the past 30 days, currently standing at around 170,000 BTC, with spot and futures demand growing in tandem. Although short-term overbought signals have become quite prominent, investors should avoid attempting precise market timing at this juncture. The market appears to have entered a demand-driven rally wave while continuously digesting profit-taking pressure. Historical patterns show that periods of synchronized growth in spot and futures demand often mark Bitcoin’s strongest upward momentum phases. The analyst emphasized that as long as this demand persists and continues to absorb short-term profit-taking, upward momentum could still hold even if the market enters overbought territory. This means the core variable to monitor now is not whether prices are too high, but whether demand is still effectively absorbing selling pressure. Only when demand shows signs of exhaustion and profit-taking begins to outweigh buying support will the rally likely come to an end. Until then, any contrarian trades based on overbought signals may run counter to strong demand-driven momentum.

Bitcoin falls below $80,000, with its 24-hour price gain narrowing to 3.38%

According to HTX market data, Bitcoin has dropped below $80,000, with its 24-hour gain narrowing to 3.38%.

Analysis: Bitcoin's 'new whale' cohort has taken profits exceeding $1.2 billion over the past three days, as markets await a balance in selling pressure.

CryptoQuant analyst Moreno noted that Bitcoin’s "new whale" group has realized over $1.2 billion in profits over the past three days, marking the largest profit-taking event in the group’s history. Of this total, roughly $614 million was earned on August 20 alone, the highest single-day profit on record. Meanwhile, Bitcoin’s price has rebounded above the short-term whale realization price of around $68,900. On August 23, BTC traded near $77,700, approximately 12.8% higher than the total cost basis of these "new whales". In prior months, some large whales that recently accumulated Bitcoin were sitting on long-term unrealized losses. This rally has completely reshaped their position structure, giving previously trapped capital a sudden opportunity to exit at break-even and lock in substantial profits. The current trend thus constitutes an important demand test. If BTC can hold steadily above the whale cost basis of around $70,000, while profit-taking gradually returns to normal levels, it signals that new demand is effectively absorbing distribution pressure, laying a foundation for the rally to continue. Conversely, if profit-taking remains elevated and the price falls back below this cost basis, the rally may be closer to a "break-even exit rally", with previously trapped holders turning into fresh selling pressure above. The market has now regained profitability; what remains to be proven is whether it can absorb the pressure unleashed by this profit release.

Strive CEO reiterates that the Bitcoin bull market has only just begun, and his long-term belief has never wavered.

US bitcoin treasury firm Strive (ticker: ASST) CEO Matt Cole has once again reaffirmed that the bull market has only just begun. He stated that while ASST’s stock hit a bear market low in February 2026 and external sentiment was extremely pessimistic, Strive’s team’s long-term conviction never wavered. “We clearly recognize the value of our bitcoin holdings,” Cole said. Executives and directors have been buying additional stock with their own capital, and some directors have joined the company full-time. This highly aligned internal conviction and execution capability laid the foundation for the performance delivered in the subsequent six months. Strive will not forget the steadfast shareholders who supported the company during its toughest times. Now, with the stock surging and market sentiment running high, the team’s core focus remains unchanged: the bitcoin bull market has only just begun, and we will continue to go all-in. Yesterday, Cole published a lengthy bullish article on bitcoin, citing the bitcoin/gold ratio chart. He pointed out that bitcoin has broken through against both the U.S. dollar and gold, signaling the end of the bear market and reinforcing that the next cycle will be the strongest in history. Cole believes three converging forces are creating an unprecedented favorable market environment for bitcoin: the long-term weakening of the U.S. dollar, rising demand for scarce assets in the AI era, and the re-strengthening of the BTC/gold ratio. According to market data from BIT (bit.com), Strive’s U.S. stock price nearly doubled in the past week, breaking above $20. Strive announced yesterday that it purchased 1,110 bitcoin last week at an average price of approximately $73,409, a significant increase from its prior weekly purchase volume. As of August 21, Strive holds a total of 21,356 bitcoin, plus 505,000 preferred shares of Strategy STRC (with a fair value of about $48.57 million) and roughly $171.9 million in cash.

Strive CEO Reaffirms Bitcoin Bull Market Has Only Just Begun, Long-Term Conviction Remains Unshaken

Matt Cole, CEO of U.S. bitcoin treasury firm Strive (ticker: ASST), has once again reaffirmed that the bull market has only just begun. He noted that despite ASST’s stock hitting a bear market low in February 2026 and extreme bearish sentiment among external investors, Strive’s team has never wavered in its long-term conviction. “We understand the value of our bitcoin holdings,” he said. Executives and directors have been buying additional shares with their own capital, and some directors have joined the company full-time. This high level of internal alignment in conviction and execution laid the foundation for the company’s performance over the following six months. The company has not forgotten the loyal shareholders who stood by it during its toughest times. Now, with the stock surging and market sentiment running high, the team’s core focus remains unchanged: the bitcoin bull market is just starting, and we continue to go all-in. Strive announced yesterday that it purchased 1,110 bitcoin last week at an average price of roughly $73,409, a significant increase from its prior weekly buying pace. As of August 21, Strive holds a total of 21,356 bitcoin, plus 505,000 shares of Strategy’s (STRC) preferred stock (with a fair value of approximately $48.57 million) and around $171.9 million in cash.

Yesterday, U.S. spot Bitcoin ETFs posted a net inflow of $337.6 million, while U.S. spot Ethereum ETFs recorded a net inflow of $115.6 million.

According to Farside data, U.S. spot Bitcoin ETFs posted a combined net inflow of $337.6 million yesterday. Of this, BlackRock’s IBIT saw a net inflow of $208.9 million, Fidelity’s FBTC $104.6 million, Bitwise’s BITB $3 million, Grayscale’s BTC $16.4 million, HODL $3.3 million, and MSBT $1.4 million. U.S. spot Ethereum ETFs recorded a total net inflow of $115.6 million, with breakdowns as follows: BlackRock’s ETHA brought in $90.9 million, Fidelity’s FETH $6.8 million, ETHW $0.9 million, ETHV $4.5 million, and ETH $12.5 million.

A trader opened a 50x leveraged long position on 49 Bitcoin for $90,000, notching an unrealized profit of $810,000.

According to Lookonchain’s monitoring, a trader turned $90,000 into $966,000 on Aster, generating over 10x returns. The trader deposited $90,000 and opened a long position of 49 BTC (valued at $3.95 million) with 50x leverage, resulting in an unrealized profit of $810,000 (+1025%).

Arthur Hayes: Maelstrom is fully invested in risk assets, with Bitcoin, Ethereum, and others as core bets.

Arthur Hayes published a post noting that his Maelstrom Fund is currently at "maximum risk exposure", with core bets on Bitcoin, Ether, Ethena, and Ether.fi. Hayes argues that whether U.S. Treasury Secretary Bessent increases U.S. dollar liquidity rapidly or gradually, Bitcoin will keep rising, though market volatility will also spike. As such, he advises against using leverage unless one is a full-time trader. Hayes also pointed out that Bessent’s recent move to expand long-term U.S. Treasury repurchase operations could further boost U.S. dollar liquidity, lifting Bitcoin and other risk assets. He projects that if U.S. Treasury yields approach 5% again, the U.S. Treasury may further expand repurchase volumes or take other steps to increase U.S. dollar liquidity.

Bitcoin mining company Metaplanet deposited 1,000 Bitcoin into Coinbase Prime one hour ago.

According to Lookonchain’s monitoring, Bitcoin mining firm Metaplanet deposited 1,000 BTC into Coinbase Prime an hour ago, valued at roughly $79.77 million. Earlier, the company purchased 43,000 BTC at an average price of $96,191, totaling approximately $3.48 billion.

Bitcoin surges past $81,000

According to HTX market data, Bitcoin has risen above $81,000, currently priced at $81,012, with a 4.51% gain in the past 24 hours.

Arthur Hayes: Bitcoin is expected to see a "parabolic rally" soon, investors should buy on dips.

Arthur Hayes said in an interview that he expects Bitcoin will soon experience a parabolic rally, with BTC’s price surging rapidly to hundreds of thousands of dollars. "Now is the time to hold BTC—buy the dip before it’s too late," he noted.

Tuesday got off to a strong start: Bitcoin extended its bullish momentum, hitting $80,000, while the three major U.S. stock indexes traded mixed.

US Treasury Secretary Scott Bessent announced on Monday local time that the United States will launch a new sanctions operation dubbed "Operation Economic Outcast" to further cut Iran off from the global economic system, warning countries and enterprises that continue to conduct business with Iran will face US sanctions risks. The move comes as the conflict between the US and Iran has dragged on for nearly six months. The US had previously pressured Iran via military operations and long-term economic sanctions, but the two sides have not reached an agreement on fully reopening the Strait of Hormuz and restricting Iran's nuclear program. According to market data from BIT (bit.com), US stocks closed on Monday: the Dow Jones Industrial Average rose 0.26%, the S&P 500 fell 0.28%, and the Nasdaq Composite dropped 0.76%. SK Hynix (SKHY.O) slid 4.9%, Micron Technology (MU.O) fell 5.8%, SanDisk (SNDK.O) dropped 6.4%, while Nvidia (NVDA.O) and Intel (INTC.O) each declined 3%. Per HTX market data, Bitcoin hit $80,000 again overnight for the first time in 101 days, surging nearly 30% in a week. It is now trading at $77,898, with a 1.25% 24-hour gain.

Bitcoin hits $80,000 again for the first time in 101 days.

According to HTX market data, Bitcoin has once again reached the $80,000 mark after 101 days, with a 24-hour increase of 3.62%.

ZachXBT: US crypto investment platforms BitcoinIRA and iTrustCapital suspected of data breaches this year.

On-chain detective ZachXBT stated that after reviewing relevant evidence, he suspects two U.S. crypto investment platforms, BitcoinIRA and iTrustCapital, suffered data breaches this year, though neither has publicly disclosed the incidents. The leaked information reportedly includes user profiles, portfolio holdings, banking details, custodian information, and verification statuses. ZachXBT added that in June 2026, an attacker exploited the compromised database information to target a BitcoinIRA user, stealing over $1.2 million in assets. He contacted both firms for comment on August 21, but has not received a response as of press time.

Trader 'Maji' adds to his 40x leveraged long Bitcoin positions, lifting the total to $39.45 million, at an average entry price of $78,890.2.

According to TradingBeats’ monitoring, Taiwanese crypto figure Jeff Huang, known as "Big Brother Maji", added a 40x long position in Bitcoin four minutes ago, lifting his Bitcoin long position to $39.45 million. The position has an entry price of $78,890.20 and a liquidation price of $62,268.27. Maji also holds long positions in Ethereum (ETH) worth roughly $62.5 million, with an average entry price of $2,390; HYPE long positions worth around $20 million (average entry: $79.4); and PUMP long positions worth $14.17 million.

Bitcoin drops over 2% in short-term trading, breaking below $78,000.

According to HTX market data, Bitcoin saw a short-term plunge of over 2%, breaking below the $78,000 threshold and currently trading at $78,362, after Trump announced he would raise tariffs on Canadian automobiles and steel to 50%.

Bitcoin surges past $79,000, with a 2.4% gain in 24 hours.

According to HTX market data, Bitcoin has firmly broken through the $79,000 level, with a 2.4% gain in the past 24 hours.

A crypto whale has opened a long position in Bitcoin (BTC) and Ethereum (ETH) valued at $71.8 million, with Bitcoin’s entry price standing at approximately $78,000.

According to monitoring by EmberCN, a crypto whale transferred 8 million USDC into Hyperliquid half an hour ago, opening long positions in BTC and ETH worth $71.8 million, with an unrealized profit of over $150,000. Notably, the whale opened the positions just before the release of news that the U.S. Treasury may deploy nearly $1 trillion to fund an expansion of the U.S. Treasury bond repurchase program. Its holdings are as follows: 600 BTC valued at $46.94 million, with an average long entry price of $78,032; 10,000 ETH valued at $24.89 million, with an average long entry price of $2,479.

Strategy announces the launch of the 'USD Cash' flexible liquidity tool, bringing its U.S. dollar reserves to $5.1 billion, while its Bitcoin holdings remained unchanged last week.

Strategy today announced the establishment of a dedicated U.S. dollar liquidity pool named "USD Cash" under its Digital Credit Capital framework. The pool will be used for general Bitcoin financial company purposes, including purchasing Bitcoin, paying preferred stock dividends and debt interest, repurchasing common or preferred stock, repaying convertible bonds, and increasing U.S. dollar reserves. The company emphasized that its existing USD Reserve policy remains unchanged, continuing to be exclusively used for supporting preferred stock dividends and outstanding debt interest payments. USD Cash, as a complementary tool, grants management more flexible capital deployment capabilities to respond faster to market changes and price dislocations in Bitcoin or the company’s securities. As of August 23, the USD Reserve balance stood at $5.1 billion, while USD Cash’s balance was $1.59 billion. Both figures include expected cash proceeds from sold but unsettled at-the-money (ATM) shares. During the week of August 17 to 23, Strategy sold 18,261,118 common shares of MSTR solely via at-the-market follow-on offerings, generating net proceeds of $2.0065 billion. Of this amount, $136.4 million was used to repurchase STRC preferred stock, $300 million was added to the USD Reserve, and the remainder was allocated to USD Cash. As of August 23, the company’s Bitcoin holdings totaled 840,447 coins, with a total purchase cost of $63.36 billion and an average purchase price of $75,385. No Bitcoin transactions were executed during the week.

Strive purchased 1,110 Bitcoin last week at an average price of approximately $73,409, bringing its total holdings to 21,356 Bitcoin.

US Bitcoin treasury firm Strive announced it purchased 1,110 Bitcoin last week at an average price of roughly $73,409, a significant surge from its previous weekly buying scale. As of August 21, Strive holds a total of 21,356 Bitcoin, alongside 505,000 preferred shares of Strategy STRC (with a fair value of approximately $48.57 million) and around $171.9 million in cash.

Bessent targets the trillion-dollar "emergency fund pool" to buy US Treasuries, giving the short-term market a boost; Bitcoin, Ethereum, gold and US Treasuries all rally across the board.

After news broke that the U.S. Treasury may draw nearly $1 trillion in Treasury General Account (TGA) funds to support its recently announced expanded U.S. Treasury bond repurchase program, the market received a short-term boost. U.S. Treasury Secretary Scott Bessent said such operations could even exceed this new minimum level. However, the Treasury did not specify at the time how it would fund these purchases. Per HTX market data, Ethereum rose above $2,500, while Bitcoin broke through $78,000. Per BIT (bit.com) market data, U.S. stock index futures pared some losses: S&P 500 and Dow Jones futures are currently down around 0.1%, and Nasdaq futures are down roughly 0.4%. U.S. Treasuries extended their rally, with the 10-year Treasury yield falling 4 basis points to 4.70%. Per Bitget market data, spot gold climbed above $4,670 per ounce, up 1.47% on the day.

Robinhood CEO: Long-term optimistic about Bitcoin, passionate about cryptocurrency.

Robinhood CEO Vlad Tenev stated in an interview with the podcast "The Iced Coffee Hour" that he uses Robinhood for personal trading, has traded cryptocurrencies for a period of time, is personally fond of crypto, and enjoys working alongside the community. He also shared his views on Bitcoin, noting that his investment portfolio is quite diversified, he holds a long-term optimistic outlook on Bitcoin, but will not make predictions such as Bitcoin’s price hitting $1 million in the future.

Viewpoint: Bitcoin short-term holders return to the profit zone, with potential selling pressure on the rise.

CryptoQuant analyst Axel Adler Jr. noted in a post that as Bitcoin’s price rebounds sharply, the proportion of short-term holder (STH) supply in profit has surged from 26.1% on August 17 to 74.9%, meaning nearly three-quarters of short-term holders who were previously in the red have returned to profitability. Meanwhile, the net trading platform flow of short-term holders turned positive from negative, rising to 28,600 BTC on August 24 and breaking through the key level of 25,000 BTC. Data shows that as the average realized profit of short-term holders turns positive, the amount of BTC they transfer to trading platforms has increased significantly, indicating rising potential selling pressure. If this indicator remains above 25,000 BTC while Bitcoin’s upward momentum slows, the risk of short-term profit-taking and distribution pressure in the market will further increase. The analysis points out that the rapid rebound in the profit proportion of short-term holders, paired with the simultaneous rise in inflows to trading platforms, reflects a coexistence of market recovery and potential selling pressure. If the profit supply proportion rises further above 90% while price momentum weakens, the risk of local overheating in the market will rise; conversely, if trading platform flow falls back to near zero and the profit supply remains above 50%, it is more likely that the market will enter a relatively healthy consolidation phase.

Bitcoin ETFs recorded inflows of $1.92 billion last week, marking the largest such inflow in nearly 10 months.

As Bitcoin prices surged, spot Bitcoin ETFs posted their strongest weekly net inflow in 10 months last week. Data indicates the 13 U.S.-listed funds attracted a net $1.92 billion, the highest such figure since October last year. The inflow came amid Bitcoin’s roughly 23% price jump last week, marking its largest weekly gain in over three years.

Strive CEO: Bitcoin bear market has ended, the strongest bull market in history may be coming

Strive CEO Matt Cole has published a lengthy bullish article on Bitcoin, citing the Bitcoin-to-gold ratio chart to note that BTC has broken through against both the U.S. dollar and gold. He argues this signals the end of the bear market and reinforces his view that the next cycle will be the strongest in Bitcoin’s history. Cole points to three converging forces creating an unprecedented favorable market environment for Bitcoin: long-term U.S. dollar weakness, rising demand for scarce assets amid the AI era, and the re-strengthening of the BTC/gold ratio.

Well-known trader Killa expects Bitcoin's correction will not be too large, and the range of 70,000 to 73,000 is likely to be the bottom.

Renowned crypto trader Killa posted a statement yesterday, noting that compared to Bitcoin’s 2022 bottom pattern, he expects the current Bitcoin pullback after a rally to be shallow, with $70,000 to $73,000 likely marking the bottom, and backing a subsequent breakout above the $80,000 mark. “I expect a range to form, allowing accumulation of long positions from chasing highs and liquidity building. The market may even see another liquidation sweep above $79,500 before finally heading toward the $70,000 low, followed by expansion,” Killa said. As a BTC-focused quantitative trader, Killa previously predicted the peak of this 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.

Tether’s Bitcoin mining project in Uruguay has stalled due to a power contract dispute, with an estimated investment of up to $120 million.

According to Reuters, Tether’s bitcoin mining farm project in Uruguay has been shut down due to a power supply contract dispute with local state-owned power company UTE. The project’s investment is estimated at around $120 million. The two sides hold differing views on the contracted power supply volume: Tether regards the figure as a minimum guaranteed supply, while UTE considers it a cap on power delivery. As no new agreement was signed and power fees fell into arrears, UTE cut power to the two mining sites on July 25, 2025. Tether subsequently ended its local operations and laid off most of its staff. The Uruguay project was once seen by Tether as the "first step" in its push into the South American bitcoin mining market. However, Tether continues to expand its regional energy and mining footprint; it previously acquired a 70% stake in renewable energy firm Adecoagro and plans to use its surplus power for bitcoin mining.

Michael Saylor: The most remarkable breakthrough of Bitcoin is the conversion of economic resources into digital form.

MicroStrategy founder Michael Saylor said Bitcoin’s most remarkable breakthrough lies in its ability to convert economic resources into digital form and securely link them to individuals, households, companies, machines, or nations.