Bitcoin (BTC) — Onchain News & Whale Tracking

Bitcoin breaks through $77,000, with a 0.46% gain over the past 24 hours.

According to HTX market data, Bitcoin has topped $77,000, with a 0.46% gain in the last 24 hours.

Analysis: Bitcoin has seen sell wall accumulation near the $80,000 mark; further upside is required to confirm holders’ willingness to sell pending orders.

HODL15Capital data shows that Bitcoin sell orders around the $80,000 price level are primarily from the Binance trading platform. Specifically, Binance holds approximately $31.98 million in sell orders near $79,945, $13.2 million near $80,000, and $33.27 million near $82,500. Coinbase, meanwhile, has around $38.74 million in sell orders near $80,000. HODL15Capital notes that some of these sell orders have been pending for a long time: for example, Binance’s sell order near $80,000 has existed for about 99 days, while its sell order near $82,500 has been pending for roughly 108 days. As such, the firm believes the current sell wall may not be as strong as it appears. It will be necessary to wait for BTC to trade closer to $80,000 to confirm whether these pending orders are actually intended for sale, or if sellers will move their sell orders higher.

Analyst: Bitcoin’s weekly chart shows a strong reversal, potentially signaling the start of a new bull market cycle.

Crypto analyst Ali Charts stated in a post that two bear market end phases in Bitcoin’s history share a common trait: a strong weekly reversal candlestick that emerges unexpectedly for most market participants, acting as a trend reversal signal. Such rallies typically start with a short squeeze. As prices rise, bearish traders keep adding short positions; as the rally accelerates, these short positions get forced liquidated, further driving prices higher. Data shows Bitcoin posted a 31.98% weekly gain in 2019, a move that helped confirm the end of the bear market and the start of a new uptrend. In January 2023, amid extreme bearish sentiment following the FTX collapse, Bitcoin rallied 24.90% in a single week, defying widespread bearish expectations. A similar move may be unfolding in the current market. Many investors previously predicted Bitcoin would bottom in October based on the four-year cycle theory, but the cryptocurrency has surged from $62,700 to $79,500, notching a 26.81% weekly gain. He believes that if historical patterns repeat, this strong weekly reversal could serve as an early signal that Bitcoin is entering a new uptrend cycle.

Analyst: Bitcoin may soon form a "golden cross"; current market structure differs from the 2022 cycle.

CoinDesk analyst James Van Straten noted in a recent report that Bitcoin typically rallies several weeks before the formation of the so-called "Golden Cross" technical pattern. Currently, Bitcoin’s 50-day moving average (50DMA) and 200-day moving average (200DMA) have both turned upward, bringing the market close to a Golden Cross. In 2022, Bitcoin’s price never broke above the 200DMA, but the current market is forming a new structure. “This seems to be a new market phase,” he said. The Golden Cross is widely viewed by the market as a technical signal of a strengthening medium- to long-term trend, occurring when the short-term 50DMA crosses above the long-term 200DMA. However, this indicator is a lagging metric, used primarily to confirm trend shifts rather than predict short-term price moves. Glassnode data shows Bitcoin has rallied multiple times in its history ahead of the 50DMA crossing above the 200DMA. Notably, BTC has now reclaimed the area around the 200DMA, a stark contrast to the 2022 market cycle.

Bitfinex: Bitcoin's current rally is primarily driven by spot demand and short covering, with profit-taking emerging as the biggest risk.

Bitcoin has recently rallied to a multi-month high, with Bitfinex analysts noting the current upswing is driven primarily by spot buying and short covering rather than new leveraged funds, giving it longer staying power than a typical short squeeze. As all investors who bought bitcoin over the past five months are currently in unrealized profit, the key risk to the current rally comes from profit-taking flows into trading platforms. Bitfinex identifies the U.S. Treasury’s August 19 announcement to expand its long-term bond repurchase program as a major catalyst for the recent price action. The early stage of this rally was indeed fueled by short liquidations. On the same day, U.S. spot bitcoin ETFs recorded $297.6 million in inflows. However, subsequent price gains were driven mainly by spot buying. Looking at positioning, while bitcoin prices rose 10% to 11%, open interest (OI) increased by only around 4%, indicating spot demand and short covering are the primary drivers, with leveraged funds playing a limited role. Bitfinex points out that the $68,000–$69,000 range is a key current support level, near the average cost basis of bitcoin buyers over the past five months. Holding above this level will keep those investors in profit, reducing selling pressure from previously trapped positions during rebounds. On the funding front, U.S. spot bitcoin ETFs saw a single-day inflow of $606.29 million on August 20, the largest daily inflow since May 1, with BlackRock’s IBIT accounting for roughly 82% of that total. Bitfinex says if this inflow persists for a week, it will further strengthen the market’s demand structure. However, Bitfinex warns that the biggest current risk is a surge in profit-taking bitcoin flowing into trading platforms, which could trigger the largest sell-off since 2026. Analysts add that if real yields rise back to levels that previously pressured bitcoin below $65,000, macro factors could quickly impact the market.

Bitcoin falls below $76,000.

According to HTX market data, Bitcoin has dropped below $76,000, with a 1.9% decline in the past 24 hours.

US Congresswoman Tlaib, who opposed the CLARITY Act, was revealed to hold ETFs related to Bitcoin (BTC) and Ethereum (ETH).

According to a New York Post report, U.S. Democratic Representative Rashida Tlaib’s latest financial disclosure shows her roughly $1.2 million retirement investment account includes up to $15,000 in Grayscale Ethereum ETF and up to $15,000 in Bitcoin ETF. Both holdings are ETFs, not direct ownership of BTC or ETH. The disclosure documents indicate the account holds a total of 41 investments. Since U.S. lawmakers only disclose assets by amount brackets, Tlaib’s exact holdings in the crypto ETFs cannot be determined. Tlaib previously voted against the CLARITY Act, which supports the crypto industry, and backed a resolution aimed at banning "crypto corruption". The CLARITY Act is expected to be considered by the Senate in September after Congress returns from its recess.

Grayscale: Bitcoin’s current price may offer favorable entry points for long-term investors.

Grayscale Research Head Zach Pandl wrote in a post that while he generally advises investors against trying to time the market, judging from three aspects—structural adoption trends, market cycles, and macro risks—the current Bitcoin price may offer a favorable entry point for investors with a long-term investment horizon. Grayscale noted that sustained growth in government debt, expanding applications of blockchain technology in financial services, and generational shifts in portfolio construction all indicate Bitcoin’s long-term adoption trend remains solid. The current Bitcoin bear market has lasted roughly 10 months, while previous bear markets typically ran 11 to 12 months, suggesting the market may be in the late stage of a bear cycle. The macro environment remains a key source of uncertainty: if the Federal Reserve raises interest rates soon, Bitcoin could fall further; if it holds rates steady, the market may have already hit bottom. Grayscale added that structural adoption, cycle positioning, and overall macro outlook are currently relatively favorable, though future performance remains uncertain.

Crypto market maker Wintermute has transferred $57 million worth of Bitcoin (BTC) and Solana (SOL) to centralized exchanges (CEXs), sparking speculation that the firm is selling the assets.

According to Onchain Lens monitoring, crypto market maker Wintermute transferred 129,500 SOL tokens to Binance, valued at roughly $12.42 million. The firm also moved 169.5 BTC worth approximately $13.11 million, a transaction suspected to be for sale. Separately, 407.47 BTC were transferred through an intermediate wallet before being deposited into Coinbase, with a total value of around $31.36 million.

Well-known trader: Bitcoin has formed its bottom, with the next key resistance level at $80,000 to $83,000.

Prominent crypto trader Killa posted that Bitcoin has formed its bottom, with its price having reclaimed the cost basis of short-term holders. Previously, when Bitcoin was trading at $65,000, he stated: "Once it reclaims $67,400, trades in the mid-$75,000 range, and holds above the short-term holder cost basis, a bottom will have formed." However, Killa noted that before Bitcoin can target a rise to $90,000, it first needs to break through the $80,000 to $83,000 range.

U.S. spot Bitcoin and Ethereum ETFs posted a combined net inflow of $2.6 billion this week, marking the highest level since October 2025.

U.S. spot Bitcoin and Ethereum ETFs saw a combined net inflow of $2.6 billion this week, marking the highest level since October 2025. Of that total, spot Bitcoin ETFs pulled in $1.9 billion, while spot Ethereum ETFs took in $697.2 million. Both products recorded their largest weekly net inflows since 2026. This reversed the combined net outflow of $392 million from the prior week, representing a weekly fund swing of roughly $3 billion. Combined trading volume for the two ETFs rose to $29 billion, more than tripling from the previous week. Spot Bitcoin ETFs’ weekly trading volume surged from $6.9 billion to $22.1 billion, a jump of over 219%, while their combined net asset value (NAV) increased from $76.6 billion to $96.1 billion. The cumulative net inflow into spot Bitcoin ETFs since their launch has hit $53.7 billion. For its part, spot Ethereum ETFs notched their largest weekly net inflow since the week of October 3, 2025.

Standard Chartered: Bitcoin's year-end target of $100,000 may be too low, with its recovery likely to accelerate after October 6.

Standard Chartered Global Head of Digital Assets Research Geoff Kendrick stated that Bitcoin could approach its all-time high of $126,000 by the end of the year, with the related recovery likely to accelerate after October 6. "For the first time this year, there’s a risk that my end-of-year forecast of $100,000 might be too low," he said. Kendrick noted that the recent rally is mainly driven by short squeezes, while inflows into Bitcoin spot ETFs have also started to recover. Current open interest is low, which may leave room for more investors to re-enter the market amid rising prices. In February this year, Kendrick cut Standard Charter’s year-end Bitcoin target from $150,000 to $100,000, and lowered Ethereum’s target from $7,500 to $4,000. At that time, he had projected Bitcoin would fall to around $50,000 and Ethereum to roughly $1,400 before rebounding over the rest of the year.

Grayscale: Bitcoin May Have Bottomed Out, This Week’s Rally Serves as Key Signal of Cycle Reversal

Grayscale stated in a post that this week could mark a turning point for Bitcoin. Historical data shows Bitcoin typically bottoms after falling roughly 80% from its cycle peak. During the most recent bear market, Bitcoin has dropped around 50% from its cycle high to date, a smaller decline than in all prior cycles. The market has long debated whether Bitcoin would see a new downturn in the fourth quarter of 2026. While risks persist in the market, this week’s rally may signal that Bitcoin has formed a more solid bottom.

Short-term funds take profits, Bitcoin inflow to Binance hits new high since February.

Crypto analyst Darkfost noted in a post that Bitcoin has rallied more than 23% cumulatively over the past three days. As prices surged rapidly, signs of profit-taking began to surface, with roughly 53,000 BTC flowing into major exchanges—of which about 17,800 BTC was transferred to Binance. Notably, all of the 17,800 BTC that entered Binance came from short-term holders, especially investors with positions held for less than a day. By contrast, long-term holders who have held BTC for over six months did not send any BTC to Binance. This indicates the current round of inflows is driven primarily by short-term speculative funds, not structural selling by long-term holders. Data shows this marks the largest BTC inflow to Binance since February 2026. Back in February this year, short-term holders went through a notable market capitulation. Now, short-term funds are once again moving in and out of exchanges on a large scale, reflecting a sharp rise in speculative trading activity. These brief, sudden capital flows are also pushing crypto market volatility back up.

Cathie Wood: Get ready for the 'big rally' — Bitcoin still has a bullish target of $1.5 million

ARK Invest founder Cathie Wood said in an interview, "Bitcoin is gearing up for a new rally, and I am bullish on it eventually hitting $1.5 million." Wood has long stood by her $1.5 million price target for Bitcoin, even when most people thought she had "lost her mind." The core of the ARK founder’s bullish case for Bitcoin rests on three key pillars: institutional adoption, fixed supply, and Bitcoin’s gradual emergence as a true digital store of value asset. She has also repeatedly noted that a specific catalyst could significantly accelerate progress toward this goal: the U.S. government purchasing Bitcoin.

US Treasury repurchase operations unexpectedly pushed Bitcoin’s price up 25%, triggering $4 billion in short-position liquidations.

After the U.S. Treasury expanded its long-term U.S. Treasury bond repurchase operations, the 30-year U.S. Treasury yield fell from a 19-year high of 5.34% to around 5.19%, while Bitcoin rose roughly 25% in several days, briefly topping $79,000. Around $4 billion in cryptocurrency short positions were liquidated during this period, further amplifying the rally. The U.S. Treasury had earlier announced it would raise the size of its longest-dated Treasury repurchase operations from $2 billion per operation to $4 billion. Analysts noted that this operation is not equivalent to the Federal Reserve’s quantitative easing (QE); its main function is to improve the liquidity of older bonds and optimize the debt structure, but the market views it as a policy support signal for long-term U.S. Treasury yields. Analysts believe the key driver of Bitcoin’s recent rally is not the repurchase operation itself, but the market’s prior over-concentration of short positions. As long-term U.S. Treasury yields fell, short sellers were forced to cover their positions, triggering a powerful short squeeze. Meanwhile, U.S. spot Bitcoin ETFs saw a net inflow of around $650 million this week, and Trump once again urged Congress to advance the CLARITY Act, further boosting market risk appetite. Jeff Ko, chief analyst at CoinEx, said the key now is whether Bitcoin can hold its 200-day moving average around $69,000 and turn it from resistance into support. Market participants also warned that if the 10-year U.S. Treasury yield re-breaks above 4.7% and the 30-year yield approaches 5.3%, Bitcoin’s current breakout could face renewed tests. Bitcoin has now broken above its 200-day moving average and continues to rise; the next phase of the market will focus on whether it can sustain its rally in a high-yield environment.

Strategy's Bitcoin holdings have generated an unrealized profit of $1.7187 billion.

Strategy currently holds 840,447 Bitcoin, with a total cost of $63.36 billion and an average entry price of $75,385. At Bitcoin’s current price of $77,430, the company’s Bitcoin holdings now have an unrealized profit of $1.7187 billion.

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.