Goldman Sachs: AI trading sees July-style deleveraging resurface, storage and data center sectors most attractive
Goldman Sachs views this week’s market moves as a classic deleveraging-driven selloff, with underlying logic similar to the July rout. Its high-beta momentum portfolio fell 12% this week, while the AI hedge portfolio dropped 10% over five days. While leverage in the AI sector has pulled back from extreme highs, inertial capital is still driving rapid, indiscriminate dip-buying. Goldman notes that AI trading is not over, but the phase of generating excess returns via broad sector rallies is shifting; investors should now focus on opportunities where stock prices diverge significantly from earnings per share. Among these, the valuation gap in the storage and data center sectors is most pronounced, as earnings recovery has not yet been fully priced in, making them the most tactically attractive. Nvidia’s Q2 earnings report and its September industry conference will serve as upcoming catalysts. Meanwhile, momentum factors are rebalancing: software has replaced semiconductors as the largest weight in the three-month momentum long portfolio, while semiconductors and AI-linked names have shifted to short portfolios. Goldman adds that capital is also flowing into previously overlooked sectors such as European and Japanese banks, gold miners, and copper stocks.
22 minutes ago
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.
22 minutes ago
Rumors that Donald Trump will launch a new cryptocurrency: Trump bought Robinhood stocks in June, and his son denied the cryptocurrency launch.
Recently, rumors have emerged in the crypto market that US President Donald Trump is "about to officially launch a new token". The rumors claimed that a newly created Robinhood Chain wallet received 290 ETH and interacted with a "Truth Coin" contract, but no wallet address, controller proof, official contract, or project announcement was provided. Eric Trump, Donald Trump’s second son, subsequently explicitly denied the rumors, stating: "This is a total joke, the news is completely false. No one is going to launch any type of token, and anyone who suggests otherwise is committing fraud." As of now, neither the Trump family nor Robinhood has announced the launch of any related token. Notably, a filing from the US Office of Government Ethics shows that Trump’s investment portfolio purchased Robinhood (HOOD) stocks worth between $1,001 and $15,000 on June 3. HOOD closed at $82.85 on that day, and stood at $108.13 on August 21, representing an approximate 30.5% increase in the period. If the entire position is still held and calculated based on the approximate closing price of that day, the unrealized profit would be roughly $305 to $4,577, though the actual transaction price and subsequent holdings have not been disclosed.
22 minutes ago
Predict.fun has launched its market for the Dota 2 loser's bracket final, with additional markets set to open during the grand final phase.
According to official announcements, Predict.fun’s Dota 2 prediction event The Predict International has launched markets for the loser’s bracket final. As the tournament enters its final phase, the platform will roll out additional prediction markets for the grand finals, with higher overall AP rewards per market. Given the short interval between the loser’s bracket final and the grand finals, users may have only a limited window to complete predictions and lock in their shares once the grand finals markets go live. Those planning to join the final round should closely monitor the event page. The total rewards for The Predict International amount to 100,000 USDT and 5,000,000 Predict Points.
22 minutes ago
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.
22 minutes ago
Donald Trump’s June crypto-related stock trades revealed: he reduced his holdings in Coinbase and Strategy, and purchased Robinhood.
U.S. Office of Government Ethics (OGE) financial disclosures released Saturday show that Trump made over 1,000 securities trades in June, with total trading value ranging from $78.1 million to $263.1 million. Crypto-related trades involved Coinbase, Strategy, and Robinhood. Overall, crypto-linked stock trades were relatively small in scale, accounting for a low share of his total June securities trading volume. - Coinbase: Sold Coinbase stock worth $15,001–$50,000 on June 12, $100,001–$250,000 on June 18, and $1,001–$15,000 on June 23; bought Coinbase stock worth $50,001–$100,000 on June 24. - Strategy: Sold Strategy stock worth $1,001–$15,000 on June 23 and $15,001–$50,000 on June 24. - Robinhood: Bought Robinhood stock worth $1,001–$15,000 on June 3.
The XRP price advanced to $1.51, supported by a notable uptick in trading activity and increased interest from major holders. Trading volumes over the past 24 hours reached $16.76 million, while the market capitalization climbed to $95.01 billion. This upward movement follows an 11.42% daily gain, leading market participants to speculate about a potential bullish reversal driven by whale accumulation.
Trader exits swing position after target reachedCrypto analyst EGRAG CRYPTO reported that XRP recently touched the $1.35–$1.50 zone, reaching the target area set for a short-term swing trade. According to the analyst, a trader closed a position originally accumulated between $1.00 and $1.10 as part of a pre-established profit-taking strategy.
The swing position was sold in accordance with the plan, while the long-term XRP holding remains untouched for now, as the trader continues to aim for higher returns in the future.
The trader clarified that the exit was a planned move, not a reaction to market volatility. The longer-term holdings remain active, prioritizing potential future gains instead of short-term fluctuations.
Key technical levels and whale activityAttention has shifted to the next critical price levels for XRP. Market participants note that the support range of $1.20–$1.30 will be especially significant in determining the coin’s path. Resistance is seen at $1.75, which could act as a potential target during further price recovery. Conversely, if the price fails to maintain support, a fallback to the $0.95–$0.83 region could occur.
A major development was observed when BankXRP reported that a top-ranked crypto trader—listed as B⁺-rated and ranked #2,209—opened a leveraged long position worth $3.08 million on XRP. The trade was entered at approximately $1.5465, using 20x leverage, reflecting a strong conviction in future gains despite a current unrealized loss.
The whale’s aggressive use of leverage highlights growing confidence among influential market players, who seem unmoved by recent minor price pullbacks.
Mini dictionary: 20x leverage, a common trading strategy that allows investors to control a position twenty times greater than their capital. While it increases potential returns, it significantly raises the risk of liquidation if the price moves against the position.
Whale accumulation and technical breakout potential have both contributed to growing optimism among XRP holders, especially as sentiment across the cryptocurrency sector improves alongside upward movement in Bitcoin.
Key LevelSupport/ResistancePrice RangeImmediate SupportSupport$1.20–$1.30Short-Term TargetResistance$1.75Extended Bullish ScenarioResistance$1.92–$1.96Downside RiskSupport$0.83–$0.95Outlook and investor focusWith bullish momentum building, investors are closely monitoring whether XRP can sustain its position above the critical $1.20–$1.30 support range. A maintained support level could give rise to a renewed move toward the $1.75 resistance area in the near term.
If the coin is unable to hold support, the next downside targets are $0.95 and $0.83. Volatility remains a significant risk as whales take large, leveraged positions and technical setups continue to unfold.
Sustaining the key support range of $1.20–$1.30 will be vital for XRP to extend its current bullish outlook, while losing this band could trigger further declines.
Market experts are considering both aggressive whale action and general crypto market momentum as major factors that could steer XRP’s price in the near future. The broader upswing in Bitcoin provides additional tailwinds for bullish traders.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The five-day run in spot crypto ETF flows is becoming harder to dismiss as a one-off asset rotation. Spot Bitcoin ETFs pulled in $307 million in net inflows on August 21, while spot Ethereum ETFs added $185 million, according to the original report from WuBlockchain. Both product categories have now posted five consecutive sessions of positive net flows.
That symmetry matters. Bitcoin products usually lead flow cycles, but Ethereum ETFs often lag or leak assets during risk-off stretches. A multi-day streak across both asset classes suggests the buying is not limited to a single narrative, such as a flight to bitcoin quality.
The Flow Pattern Is More Important Than the Day Count A $307 million daily inflow is not historically extreme, but consistency carries different information than size. Five straight days implies investors are re-entering exposure through regulated wrappers rather than waiting for spot exchanges to show stronger momentum. The structure matters because ETF inflows are booked through broker-dealers, custodians, and authorized participants, adding a layer of institutional plumbing that spot market volume does not capture.
August is also a month when many institutional desks run lighter staffing, so flows of this size during a seasonally quiet stretch stand out. If demand holds through the final full week of the month, it could force short-term traders to reassess downside positioning.
AUTHOR
Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
BitMEX co-founder Arthur Hayes delivered a blunt message to investors following a sudden market surge, telling Crypto Banter host Ran Neuner that avoiding risk assets right now would be foolish.
His comments came just after the US Treasury moved to double the size of its debt buybacks.
Note: Arthur Hayes recent crypto trading actions have been anything but examplarary. BeInCrypto published an extensive analysis of his publicly known wallets. KOL comments and discussions shouldn’t be considered as investment advice.
What Triggered Hayes’s Bullish CallSoft yield curve control refers to central bank or Treasury actions that cap bond yields without formally announcing a fixed target, injecting liquidity through indirect market intervention. Hayes described the buyback expansion in exactly those terms.
“You’re an idiot if you’re not long stocks, long gold, long Bitcoin, long the market,” Arthur Hayes said, linking the Treasury’s actions directly to renewed liquidity-driven gains.
Treasury Secretary Scott Bessent announced the expansion targeting longer-dated Treasuries. Markets had been testing the 5% level in 10-year yields, a threshold many view as unsustainable for US debt servicing.
By increasing buybacks, the Treasury effectively capped yields, injecting liquidity much like previous interventions under Janet Yellen.
Hayes argued that when governments suppress bond yields artificially, private capital flees fixed income in search of scarce alternatives.
“That’s why markets ripped gold, Bitcoin stocks, right? This is the the Yellen put if you want to call it that. Uh she started this. Um, funny at the time, you know, he wasn’t this treasur treasury secretary then. You know, Scott Bessent had a lot of choice words for how moronic it was that uh Janet Yellen was issuing so much debt at the short end,” Hayes explained.
Follow us on X to get the latest news as it happens.
He drew a parallel to the Bank of Japan’s decade-long experiment with yield-curve control, arguing that capped yields inevitably push capital toward equities, gold, and Bitcoin.
Why Hayes Sees This as the Start of a PatternThe immediate market reaction validated his view. The 30-year Treasury yield fell, Bitcoin broke above key moving averages near $70,000, equities rose, and altcoins turned sharply green.
Hayes called the move a recognition that authorities will keep intervening to defend debt sustainability, creating a series of liquidity injections over time rather than a single event.
With the Federal Reserve holding rates steady to support Treasury operations and additional tools, such as expanded repo facilities, still on the table, Hayes sees the policy bias as firmly pro-asset prices. He added that Trump’s focus on a strong stock market further aligns those incentives.
While acknowledging that part of Bitcoin’s sharp move reflected a short squeeze, Hayes stressed a deeper structural shift: governments now prioritize debt defense over free-market pricing of yields.
“The balance sheet expands infinitely because the market say, ‘Oh, you want to you want a capul 5%? Yours. Here are all these bonds. I want equities. I want gold. I want Bitcoin. I want anything that has a scarce supply if you’re going to create more dollars to artificially manipulate these yields.” BitMEX co-founder noted.
Bitcoin (BTC) Price Performance. Source: BeInCryptoIn that environment, he argued, holding cash or staying under-allocated to equities, gold, and Bitcoin becomes the riskier choice. Hayes said he remains heavily positioned, having stayed risk-on for weeks with significant exposure to both Bitcoin and Ethereum.
His words, which also touched on his new project Flop Labs, underscored a simple thesis for the current regime: stay long scarce assets while authorities keep printing and intervening.
“I mean, I’ve been riskon for a, you know, a few weeks now. I mean, we pumped a lot into Ethereum, bought some Athena, bought some Ethery. So, we’re pretty much at probably maximum risk, I would say, right now, uh, given our holdings and so, you know, just sitting back and watching the number go up on the screen. So, it’s nice,” Hayes said.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights.
Goldman Sachs: AI trading sees July-style deleveraging resurface, storage and data center sectors most attractive
Goldman Sachs views this week’s market moves as a classic deleveraging-driven selloff, with underlying logic similar to the July rout. Its high-beta momentum portfolio fell 12% this week, while the AI hedge portfolio dropped 10% over five days. While leverage in the AI sector has pulled back from extreme highs, inertial capital is still driving rapid, indiscriminate dip-buying. Goldman notes that AI trading is not over, but the phase of generating excess returns via broad sector rallies is shifting; investors should now focus on opportunities where stock prices diverge significantly from earnings per share. Among these, the valuation gap in the storage and data center sectors is most pronounced, as earnings recovery has not yet been fully priced in, making them the most tactically attractive. Nvidia’s Q2 earnings report and its September industry conference will serve as upcoming catalysts. Meanwhile, momentum factors are rebalancing: software has replaced semiconductors as the largest weight in the three-month momentum long portfolio, while semiconductors and AI-linked names have shifted to short portfolios. Goldman adds that capital is also flowing into previously overlooked sectors such as European and Japanese banks, gold miners, and copper stocks.
17 minutes ago
Altcoins see widespread pullback, TAC drops over 40% in 24 hours.
According to HTX market data, as Bitcoin fell below $77,000, the cryptocurrency market has entered a pullback, with altcoins generally facing selling pressure and declining. Specifically: TAC is currently priced at $0.001672, down 40.86% in 24 hours; FHE trades at $0.01978, down 30.03% over 24 hours; SQD stands at $0.03, down 29.01% in 24 hours; PTB is priced at $0.0007364, down 27.11% in 24 hours; INX is at $0.006619, down 26.43% over 24 hours; BASED trades at $0.07328, down 25.35% in 24 hours; SWARMS is priced at $0.007254, down 24.80% in 24 hours; BEAT is at $0.1342, down 24.18% over 24 hours.
17 minutes ago
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.
17 minutes ago
Rumors that Donald Trump will launch a new cryptocurrency: Trump bought Robinhood stocks in June, and his son denied the cryptocurrency launch.
Recently, rumors have emerged in the crypto market that US President Donald Trump is "about to officially launch a new token". The rumors claimed that a newly created Robinhood Chain wallet received 290 ETH and interacted with a "Truth Coin" contract, but no wallet address, controller proof, official contract, or project announcement was provided. Eric Trump, Donald Trump’s second son, subsequently explicitly denied the rumors, stating: "This is a total joke, the news is completely false. No one is going to launch any type of token, and anyone who suggests otherwise is committing fraud." As of now, neither the Trump family nor Robinhood has announced the launch of any related token. Notably, a filing from the US Office of Government Ethics shows that Trump’s investment portfolio purchased Robinhood (HOOD) stocks worth between $1,001 and $15,000 on June 3. HOOD closed at $82.85 on that day, and stood at $108.13 on August 21, representing an approximate 30.5% increase in the period. If the entire position is still held and calculated based on the approximate closing price of that day, the unrealized profit would be roughly $305 to $4,577, though the actual transaction price and subsequent holdings have not been disclosed.
17 minutes ago
Predict.fun has launched its market for the Dota 2 loser's bracket final, with additional markets set to open during the grand final phase.
According to official announcements, Predict.fun’s Dota 2 prediction event The Predict International has launched markets for the loser’s bracket final. As the tournament enters its final phase, the platform will roll out additional prediction markets for the grand finals, with higher overall AP rewards per market. Given the short interval between the loser’s bracket final and the grand finals, users may have only a limited window to complete predictions and lock in their shares once the grand finals markets go live. Those planning to join the final round should closely monitor the event page. The total rewards for The Predict International amount to 100,000 USDT and 5,000,000 Predict Points.
17 minutes ago
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.
Goldman Sachs: AI trading sees July-style deleveraging resurface, storage and data center sectors most attractive
Goldman Sachs views this week’s market moves as a classic deleveraging-driven selloff, with underlying logic similar to the July rout. Its high-beta momentum portfolio fell 12% this week, while the AI hedge portfolio dropped 10% over five days. While leverage in the AI sector has pulled back from extreme highs, inertial capital is still driving rapid, indiscriminate dip-buying. Goldman notes that AI trading is not over, but the phase of generating excess returns via broad sector rallies is shifting; investors should now focus on opportunities where stock prices diverge significantly from earnings per share. Among these, the valuation gap in the storage and data center sectors is most pronounced, as earnings recovery has not yet been fully priced in, making them the most tactically attractive. Nvidia’s Q2 earnings report and its September industry conference will serve as upcoming catalysts. Meanwhile, momentum factors are rebalancing: software has replaced semiconductors as the largest weight in the three-month momentum long portfolio, while semiconductors and AI-linked names have shifted to short portfolios. Goldman adds that capital is also flowing into previously overlooked sectors such as European and Japanese banks, gold miners, and copper stocks.
17 minutes ago
Altcoins see widespread pullback, TAC drops over 40% in 24 hours.
According to HTX market data, as Bitcoin fell below $77,000, the cryptocurrency market has entered a pullback, with altcoins generally facing selling pressure and declining. Specifically: TAC is currently priced at $0.001672, down 40.86% in 24 hours; FHE trades at $0.01978, down 30.03% over 24 hours; SQD stands at $0.03, down 29.01% in 24 hours; PTB is priced at $0.0007364, down 27.11% in 24 hours; INX is at $0.006619, down 26.43% over 24 hours; BASED trades at $0.07328, down 25.35% in 24 hours; SWARMS is priced at $0.007254, down 24.80% in 24 hours; BEAT is at $0.1342, down 24.18% over 24 hours.
17 minutes ago
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.
17 minutes ago
Rumors that Donald Trump will launch a new cryptocurrency: Trump bought Robinhood stocks in June, and his son denied the cryptocurrency launch.
Recently, rumors have emerged in the crypto market that US President Donald Trump is "about to officially launch a new token". The rumors claimed that a newly created Robinhood Chain wallet received 290 ETH and interacted with a "Truth Coin" contract, but no wallet address, controller proof, official contract, or project announcement was provided. Eric Trump, Donald Trump’s second son, subsequently explicitly denied the rumors, stating: "This is a total joke, the news is completely false. No one is going to launch any type of token, and anyone who suggests otherwise is committing fraud." As of now, neither the Trump family nor Robinhood has announced the launch of any related token. Notably, a filing from the US Office of Government Ethics shows that Trump’s investment portfolio purchased Robinhood (HOOD) stocks worth between $1,001 and $15,000 on June 3. HOOD closed at $82.85 on that day, and stood at $108.13 on August 21, representing an approximate 30.5% increase in the period. If the entire position is still held and calculated based on the approximate closing price of that day, the unrealized profit would be roughly $305 to $4,577, though the actual transaction price and subsequent holdings have not been disclosed.
17 minutes ago
Predict.fun has launched its market for the Dota 2 loser's bracket final, with additional markets set to open during the grand final phase.
According to official announcements, Predict.fun’s Dota 2 prediction event The Predict International has launched markets for the loser’s bracket final. As the tournament enters its final phase, the platform will roll out additional prediction markets for the grand finals, with higher overall AP rewards per market. Given the short interval between the loser’s bracket final and the grand finals, users may have only a limited window to complete predictions and lock in their shares once the grand finals markets go live. Those planning to join the final round should closely monitor the event page. The total rewards for The Predict International amount to 100,000 USDT and 5,000,000 Predict Points.
17 minutes ago
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.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Donald Trump’s June crypto-related stock trades revealed: he reduced his holdings in Coinbase and Strategy, and purchased Robinhood.
U.S. Office of Government Ethics (OGE) financial disclosures released Saturday show that Trump made over 1,000 securities trades in June, with total trading value ranging from $78.1 million to $263.1 million. Crypto-related trades involved Coinbase, Strategy, and Robinhood. Overall, crypto-linked stock trades were relatively small in scale, accounting for a low share of his total June securities trading volume. - Coinbase: Sold Coinbase stock worth $15,001–$50,000 on June 12, $100,001–$250,000 on June 18, and $1,001–$15,000 on June 23; bought Coinbase stock worth $50,001–$100,000 on June 24. - Strategy: Sold Strategy stock worth $1,001–$15,000 on June 23 and $15,001–$50,000 on June 24. - Robinhood: Bought Robinhood stock worth $1,001–$15,000 on June 3.
29 minutes ago
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.
29 minutes ago
F2Pool co-founder Wang Chun may reduce his holdings of 12,765 ETH to lower leverage.
According to on-chain analyst Yu Jin’s monitoring, the address of F2Pool co-founder Wang Chun may have sold some ETH during the three-day rally to lower leverage. The address first transferred 12,765 ETH (valued at around $28.73 million) to Binance, then withdrew 87.68 million USDC to repay its loan on Spark. Currently, the address still holds approximately 65,000 ETH (worth about $159 million) and 1,000 WBTC (valued at roughly $77.18 million) on-chain.
29 minutes ago
Morgan Stanley Survey: Wall Street Interns Show Enthusiasm for Market Prediction and AI, With 68% Using AI Tools Daily.
Morgan Stanley’s stock research team conducted an annual survey of over 500 North American summer interns, with most respondents aged 21 or younger. More than a quarter of the interns reported using prediction market apps over the past year, with Kalshi and Polymarket being the most common choices; 55% of these users simultaneously used multiple betting applications. Prediction markets in the U.S. are facing increased scrutiny, with several states having taken legal or regulatory measures against related platforms. Morgan Stanley’s employee code of conduct covers trading and investment matters, including prediction markets, though insiders did not disclose further details. A separate national survey found that 21% of U.S. adult respondents have used prediction market platforms, rising to 37% among 18-to-34-year-olds. On the AI front, 68% of interns use AI tools daily, up from 35% last year and 14% in 2024; around 70% pay for paid AI tools out of pocket, an increase from 52% last summer. Meanwhile, 61% of respondents worry AI will replace finance jobs, and 74% fear job displacement in other industries. Over 60% expressed interest in using humanoid robots at home, with 10% saying they might become early adopters.
29 minutes ago
A certain crypto address that lay dormant for 8 months has built a $5 million position in ETH.
According to on-chain analyst Ai Yi (@ai_9684xtpa), wallet address 0xc71…30F02 has reactivated after 8 months of dormancy, building a $5 million ETH position. The address bought 2,447.49 ETH in a single transaction via Tokenlon 40 minutes ago, spending 5.044 million USDT at an average cost of $2,447.49 per ETH. It had previously taken profits on ETH at $3,016 nine months ago.
29 minutes ago
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.
Bitcoin (CRYPTO: BTC) is up about 20% this week, and analysts argue that may be just the beginning.
They see the apex crypto as one of the beneficiaries of the Treasury’s support for long-dated bonds, which has revived the debasement trade narrative.
Why Debasement Trades Are Back in FocusBlockworks’ head of content Felix Jauvin said on Wednesday. that "the dovish signals keep firing," pointing to a shift in marginal macroeconomic policy towards the Treasury.
Jauvin argued that the U.S. government’s push to support the AI infrastructure buildout, much of which is being financed with debt, creates an incentive to prevent long-term Treasury yields from rising too far.
He also pointed to Treasury Secretary Scott Bessent‘s support for the long end of the bond market, fueling the narrative for assets like gold and Bitcoin.
Why Treasury’s Move Mattered for BTC21Shares highlighted a similar dynamic in a research note on Thursday.
The Treasury doubled its support for longer-dated government bonds in August, increasing its buyback program from $2 billion to $4 billion.
Trending
Get a 1% Match on Your First Deposit of $1,000+
Unlike traditional quantitative easing, this move applied downward pressure on longer-term yields producing an easing-like effect for markets.
21Shares senior strategist Matt Mena argued that expectations of a weaker dollar helped drive investors toward scarce assets such as Bitcoin.
The Treasury isn’t directly expanding the money supply, but markets are pricing the policy as easier financial conditions. For Bitcoin bulls, that strengthens the scarcity thesis.
As maximum supply remains fixed at 21 million coins, investors are attracted to seek protection against potential currency debasement.
The Treasury’s move strengthened Bitcoin’s structural investment case as a fixed-supply asset in a world of expanding money supply.
Liquidations, ETF Inflows Fuel RallyRoughly $1.5 billion in short positions were liquidated, including approximately $700 million within a single minute.
As Bitcoin moved higher, forced closures of bearish positions added further buying pressure and accelerated the rally.
But the move wasn’t driven entirely by liquidations, 21Shares noted.
U.S. spot Bitcoin ETFs attracted roughly $1 billion in net inflows during the first two weeks of August, suggesting regulated investment demand had already been building before the Treasury announcement.
Bitcoin’s weekly gains hit 25%, and it nearly cleared the $80K mark after $4B in short liquidations and a macro-driven regime shift. The rally reclaimed the key 200-day Moving Average (currently at $69K), and the short-term holder (STH) realized cost basis of $68K.
From a price technical perspective, reclaiming these key levels meant the short and midterm structure for BTC has flipped bullish. But the question remains: Does it mean the bear market is behind us?
Source: BTC/USDT, TradingView Bitcoin rally: A dead-cat bounce or start of a bull run? For his part, Jake Ostrovskis, Head of OTC (over-the-counter) trading at market maker Wintermute, acknowledged that this week can’t be faded.
However, he added that there was no “full participation” to signal a true trend reversal and regime shift as claimed by others.
But zoom out and positioning doesn’t yet show full participation: OI well below YTD highs, let alone ’25/4, basis still sub-5%, skew only just flipped positive, wings still cheap. Hard to argue positioning is ‘stretched’ here in a new regime.
Source: Velo Basis yield is the spread hedge funds lock in if they buy a U.S Spot BTC ETF and sell an equivalent BTC futures contract over CME. During the bull run in 2024, the yield averaged 10%. It collapsed after the October crash and has been flat around 5%.
For Wintermute’s Ostrovskis, this meant the institutional participation seen in the past was yet to join the recent bounce. According to him, this signals caution, not a full bullish regime shift.
Surprisingly, Jason Calanis, founder of All In Podcast and serial internet entrepreneur, called the rally a “dead-cat bounce.” In most cases, dead-cat bounces are fake breakouts that end up being reversed.
In fact, others expected BTC to reverse and retest $70K-$72K ahead of next week’s Jackson Hole meeting for central banks.
For their part, Galaxy Research analysts said the end of the BTC bear market could be confirmed if $82K is reclaimed, citing the 50-week Moving Average (MA).
11 of 13 times BTCUSD reclaimed the 50W MA during completed bear markets, the bear-market low was in. If BTCUSD reclaims it on weekly close, history suggests the bear market would likely be over.
Source: Galaxy Research What’s next for BTC? That said, AMBCrypto established that BTC 25 Delta Skew fell to zero across 1-week and 1-month tenors, suggesting less demand for put options (downside protection). In other words, the year-long market fear and overhang have faded significantly this week.
Source: Velo It remains to be seen whether the Jackson Hole event will reinforce the positive risk-on sentiment and fuel the BTC rally.
Final Summary BTC has rallied +25% this week and reclaimed the key 200-day Moving Average and STH cost basis The bear market could be over if BTC reclaims $82K, according to Galaxy Research
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
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.
In brief In an interview with Decrypt, Bitcoin Red Team member Calle said Chinese AI models are used far more than U.S. models for security research because American models often block cybersecurity-related requests. The group has proactively scanned much of Bitcoin's significant open-source ecosystem and works directly with projects to identify and fix vulnerabilities. Calle warned that AI allows people without advanced security expertise to carry out exploits from beginning to end. AI is putting powerful hacking capabilities in the hands of people with little cybersecurity expertise, forcing crypto developers into a race to find vulnerabilities before attackers exploit them.
One group taking on that challenge is the Bitcoin Red Team, whose pseudonymous member and Bitcoin software developer Calle said formed as an emergency effort to find AI-assisted security threats across the Bitcoin ecosystem.
Myriad: Bitcoin price next move? Click to make your prediction."At this point, it is a question about time,” Calle, who helps maintain the open-source protocol Cashu, told Decrypt. “The reason why the Bitcoin Red Team exists right now is because we need to get ahead of the attackers as fast as possible.”
The Bitcoin Red Team consists of about 20 to 25 volunteers, according to Calle, many of whom prefer to remain pseudonymous, such as Bitcoin privacy protocol developers Stu, Talip, and fellow Cashu dev thesimplekid. Others in the group include Bitcoin developers Ben Carmen, Daniela Brozzoni, and James O'Beirne, and Vinteum Bitcoin R&D Center board member Bruno Garcia.
Bitcoin Red Team Update:
We have been working around the clock, with ~$20,000 of spend up to this point across different services. Funding is secured, I appreciate all the gestures for donations but it is not necessary. The bill is taken care of.
We have done over a dozen…
— Rob Hamilton 🟥 (@Rob1Ham) August 4, 2026
Calle said the Bitcoin Red Team began taking shape after CEO of Bitcoin Insurance firm AnchorWatch Rob Hamilton started examining Bitcoin projects following the Coldcard air-gapped wallet hack.
While Calle stressed that the group has found no issues in the Bitcoin protocol itself, the concern he said instead lies with applications, wallets, services, and other software built around Bitcoin.
"Although Bitcoin itself is secure, the software that we're using to transact with Bitcoin may not be, and that is what most people interface with anyway," Calle said.
The Coldcard exploit, attacks on other Bitcoin services, and the release of more powerful Chinese AI models pushed Calle and other security researchers to join the effort and move quickly.
"I think the arrival of Kimi K3 has also caused a lot of chaos in the cybersecurity realm because it gave attackers as well as defenders unprecedented power," he said.
As Calle explained, the Red Team receives requests from Bitcoin projects seeking security scans but also searches for vulnerabilities on its own.
"We get a bunch of inbound requests from projects that want to be scanned, but we act proactively, and we've covered almost the entire significant open-source ecosystem by our own sweeps already," Calle said. "So even if you come and ask us to scan your project, we've probably scanned it already."
The group shares its findings with affected developers and uses their feedback to improve its vulnerability classifications and severity ratings.
Chinese models fill the gap
Chinese AI models are used far more than their U.S. counterparts for the group's security work because guardrails on American models can block cybersecurity research, Calle said.
“It's not even close," he said.
In February, Anthropic accused Chinese AI labs DeepSeek, Moonshot AI, and MiniMax of using roughly 24,000 fraudulent accounts to extract more than 16 million Claude exchanges through model distillation, while the Trump administration warned in April that Chinese entities were conducting similar campaigns on an “industrial scale.”
Myriad: When will OpenAI release GPT-6? Click to make your prediction.While Calle said U.S. frontier models remain arguably more capable overall, their restrictions can limit their usefulness for security-sensitive work.
"Although U.S.-based frontier models are still arguably more intelligent than any other models out there in the world, they all come with heavy guardrailing, which limits their use, especially in the cybersecurity realm," he said.
Calle encountered those restrictions before joining the Red Team. He said U.S. models sometimes refused to help find vulnerabilities and, in some cases, would not assist with fixing vulnerabilities that developers had already identified, leading him to switch to Chinese AI models.
'Bitcoin is burning'
Earlier this month, Calle described the growing security threat facing Bitcoin software as "Bitcoin is burning," referring to the wider ecosystem of wallets, exchanges, Lightning implementations and other software built around it.
Calle believes attackers are already using AI to find and exploit vulnerabilities, but avoids discussing their methods in detail out of concern that doing so could give malicious hackers ideas.
He also warned that AI is eroding the information advantage that once kept some software vulnerabilities out of reach of less-skilled attackers.
"I think that there are no secrets anymore in software," Calle said. "There is no information asymmetry that was previously being used to kind of create security theater or security through obscurity. Those times are over."
AI has also lowered the technical barrier to exploiting vulnerable software, he said.
"Simple exploits can now be completed end to end by someone who doesn't know how to do it without AI," Calle said. "So AI gave people a form of power that has completely changed the playing field."
Bitcoin may be confronting that shift earlier than other industries because attackers have a direct financial incentive to target cryptocurrency, Calle said.
"The first thing that, as an attacker, you would want to attack is internet money," he said. "So we are the beginning of a larger change in society or in computer systems in general, and I'm convinced that other industries will experience the same thing as we do right now later."
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
In brief In an interview with Decrypt, Bitcoin Red Team member Calle said Chinese AI models are used far more than U.S. models for security research because American models often block cybersecurity-related requests. The group has proactively scanned much of Bitcoin's significant open-source ecosystem and works directly with projects to identify and fix vulnerabilities. Calle warned that AI allows people without advanced security expertise to carry out exploits from beginning to end. AI is putting powerful hacking capabilities in the hands of people with little cybersecurity expertise, forcing crypto developers into a race to find vulnerabilities before attackers exploit them.
One group taking on that challenge is the Bitcoin Red Team, whose pseudonymous member and Bitcoin software developer Calle said formed as an emergency effort to find AI-assisted security threats across the Bitcoin ecosystem.
Myriad: Bitcoin price next move? Click to make your prediction."At this point, it is a question about time,” Calle, who helps maintain the open-source protocol Cashu, told Decrypt. “The reason why the Bitcoin Red Team exists right now is because we need to get ahead of the attackers as fast as possible.”
The Bitcoin Red Team consists of about 20 to 25 volunteers, according to Calle, many of whom prefer to remain pseudonymous, such as Bitcoin privacy protocol developers Stu, Talip, and fellow Cashu dev thesimplekid. Others in the group include Bitcoin developers Ben Carmen, Daniela Brozzoni, and James O'Beirne, and Vinteum Bitcoin R&D Center board member Bruno Garcia.
Bitcoin Red Team Update:
We have been working around the clock, with ~$20,000 of spend up to this point across different services. Funding is secured, I appreciate all the gestures for donations but it is not necessary. The bill is taken care of.
We have done over a dozen…
— Rob Hamilton 🟥 (@Rob1Ham) August 4, 2026
Calle said the Bitcoin Red Team began taking shape after CEO of Bitcoin Insurance firm AnchorWatch Rob Hamilton started examining Bitcoin projects following the Coldcard air-gapped wallet hack.
While Calle stressed that the group has found no issues in the Bitcoin protocol itself, the concern he said instead lies with applications, wallets, services, and other software built around Bitcoin.
"Although Bitcoin itself is secure, the software that we're using to transact with Bitcoin may not be, and that is what most people interface with anyway," Calle said.
The Coldcard exploit, attacks on other Bitcoin services, and the release of more powerful Chinese AI models pushed Calle and other security researchers to join the effort and move quickly.
"I think the arrival of Kimi K3 has also caused a lot of chaos in the cybersecurity realm because it gave attackers as well as defenders unprecedented power," he said.
As Calle explained, the Red Team receives requests from Bitcoin projects seeking security scans but also searches for vulnerabilities on its own.
"We get a bunch of inbound requests from projects that want to be scanned, but we act proactively, and we've covered almost the entire significant open-source ecosystem by our own sweeps already," Calle said. "So even if you come and ask us to scan your project, we've probably scanned it already."
The group shares its findings with affected developers and uses their feedback to improve its vulnerability classifications and severity ratings.
Chinese models fill the gap
Chinese AI models are used far more than their U.S. counterparts for the group's security work because guardrails on American models can block cybersecurity research, Calle said.
“It's not even close," he said.
In February, Anthropic accused Chinese AI labs DeepSeek, Moonshot AI, and MiniMax of using roughly 24,000 fraudulent accounts to extract more than 16 million Claude exchanges through model distillation, while the Trump administration warned in April that Chinese entities were conducting similar campaigns on an “industrial scale.”
Myriad: When will OpenAI release GPT-6? Click to make your prediction.While Calle said U.S. frontier models remain arguably more capable overall, their restrictions can limit their usefulness for security-sensitive work.
"Although U.S.-based frontier models are still arguably more intelligent than any other models out there in the world, they all come with heavy guardrailing, which limits their use, especially in the cybersecurity realm," he said.
Calle encountered those restrictions before joining the Red Team. He said U.S. models sometimes refused to help find vulnerabilities and, in some cases, would not assist with fixing vulnerabilities that developers had already identified, leading him to switch to Chinese AI models.
'Bitcoin is burning'
Earlier this month, Calle described the growing security threat facing Bitcoin software as "Bitcoin is burning," referring to the wider ecosystem of wallets, exchanges, Lightning implementations and other software built around it.
Calle believes attackers are already using AI to find and exploit vulnerabilities, but avoids discussing their methods in detail out of concern that doing so could give malicious hackers ideas.
He also warned that AI is eroding the information advantage that once kept some software vulnerabilities out of reach of less-skilled attackers.
"I think that there are no secrets anymore in software," Calle said. "There is no information asymmetry that was previously being used to kind of create security theater or security through obscurity. Those times are over."
AI has also lowered the technical barrier to exploiting vulnerable software, he said.
"Simple exploits can now be completed end to end by someone who doesn't know how to do it without AI," Calle said. "So AI gave people a form of power that has completely changed the playing field."
Bitcoin may be confronting that shift earlier than other industries because attackers have a direct financial incentive to target cryptocurrency, Calle said.
"The first thing that, as an attacker, you would want to attack is internet money," he said. "So we are the beginning of a larger change in society or in computer systems in general, and I'm convinced that other industries will experience the same thing as we do right now later."
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
AI advancements have given hackers without advanced technical backgrounds new ways to exploit software vulnerabilities, putting the Bitcoin ecosystem under increased risk. Calle, a pseudonymous developer maintaining the privacy-centric Cashu protocol and a key member of the Bitcoin Red Team, explained that crypto projects now face a race to identify weaknesses before attackers do.
AI disrupts the cybersecurity balanceCalle stated that artificial intelligence, especially new Chinese AI models, allows individuals who lack extensive security expertise to pull off end-to-end exploits. These tools are already being leveraged by both attackers and defenders, transforming the security landscape for open-source Bitcoin infrastructure and applications.
The Bitcoin Red Team, a volunteer group focusing on securing Bitcoin-related software, formed in response to growing AI-assisted security threats. Calle described their efforts as an emergency response, noting that the urgency is driven by attackers’ rapid adoption of AI.
AI has changed the playing field by enabling people with little cybersecurity knowledge to exploit vulnerabilities from start to finish.
While Calle reassured that the core Bitcoin protocol remains secure, he pointed to applications, wallets, and related services as frequent targets for would-be attackers. The Coldcard air-gapped wallet hack and the arrival of advanced Chinese AI models pushed the group to intensify their efforts.
Chinese AI models dominate in security researchAccording to Calle, the group relies mainly on Chinese AI models for security scanning because American models restrict cybersecurity-related requests due to strict guardrails. Calle acknowledged that while U.S. models remain highly competent, their limitations make them less practical for hands-on security work.
Recent allegations from Anthropic, a major U.S. AI company, claimed that Chinese labs DeepSeek, Moonshot AI, and MiniMax used thousands of fraudulent accounts to siphon over 16 million Claude exchanges through model distillation. The Trump administration also warned that large-scale campaigns targeting U.S. AI models continue to raise concerns about intellectual property theft and asymmetric access in the AI field.
Mini dictionary: Model distillation – A machine learning technique in which knowledge, patterns, or behaviors from a large, complex AI model are transferred to a smaller or simpler model, often to improve efficiency or circumvent restrictions of the original system.
AI Model OriginMain Use in Security ResearchGuardrails LevelUnited StatesAdvanced intelligence, limited vulnerability researchHighChinaUnrestricted vulnerability scanning, exploit researchLowCalle reported that he encountered these restrictions firsthand. U.S. models sometimes refused to assist with either finding or fixing vulnerabilities, prompting the Red Team to switch to alternative providers.
Proactive, open-source security efforts increaseThe Bitcoin Red Team, comprised of security-minded developers and researchers, has proactively scanned almost all significant open-source Bitcoin projects. Calle said they often receive direct requests for scans but usually have already completed assessments before being contacted.
The group shares its findings confidentially with affected developers, using their feedback to improve future reporting and severity classifications. Calle emphasized that their work is continuous, requiring significant financial and time investments; the Red Team has already spent about $20,000 on services, but funding is secured and donations are not being solicited.
Calle further noted that while top-tier software protocols like Bitcoin benefit from robust security, the surrounding ecosystem remains vulnerable. As attackers apply AI tools to new targets, he expects other digital sectors will eventually face similar threats.
There are no secrets anymore in software. The time when security was achieved merely through obscurity has ended.
Calle argued that the financial incentives in cryptocurrency make it an early and prominent target for AI-assisted cybercrime. He believes the security problems now emerging in crypto will soon extend to broader technology environments as AI adoption continues.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Bitcoin (CRYPTO: BTC) price staged a strong comeback after spending the past few months inside a narrow range. It jumped to $79,500, its highest level since May 15 this year. This rebound coincided with the crypto market comeback and as ETFs hitting a crucial milestone.
Bitcoin Price Jumps as ETF Inflows SurgeBTC price soared as investors embraced a risk-on sentiment, with the Crypto Fear and Greed Index jumping to 76, its highest level since December 2024. It has emerged from the extreme fear zone of 14 a few months ago.
Bitcoin’s rally has also coincided with strong Bitcoin ETF inflows. These funds, led by BlackRock’s IBIT, added over $307 million on Friday alone, bringing the week’s total inflows to $1.92 billion, the best week this year. As a result, the funds have added over $2.3 billion so far this month, bringing the cumulative inflows to $53.7 billion.
Most Bitcoin ETFs recorded substantial inflows on Friday. IBIT added $293 million, while Fidelity’s FBTC added $30.19 million. Other top ETFs in terms of inflows were from companies like Grayscale, Bitwise, Morgan Stanley, and VanEck.
Read Next
Bitcoin is benefiting from Scott Bessent’s decision to intervene in the bond market. This intervention happened after the US 30-Year Treasury Yields jumped to the highest level in over two decades. As a result, investors rotated to Bitcoin, an asset that many investors equate to digital gold. Gold itself jumped to $4,602, its highest point since May.
Trending
Get a 1% Match on Your First Deposit of $1,000+
Bitcoin also jumped after a recent meeting between Trump and top executives, in which they advocated for the CLARITY Act. After that, the possibility that the act will be signed into law this year rose to 25% on Polymarket. It has risen from this month’s low of 14%.
BTC Price Forecast: Technical AnalysisBitcoin remained in a strong consolidation between June and August 19 when it eventually staged a strong comeback. This comeback pushed it to the key resistance level of $79,380. It moved above the crucial resistance level of $66,875, the upper side of the inverted head-and-shoulders pattern.
Bitcoin has also crossed above its 200-day Exponential Moving Average (EMA), while the Relative Strength Index (RSI) has climbed to 81, a highly overbought level. This raises the risk of a pullback, potentially toward the key support level of $66,875. Alternatively, the coin could consolidate, forming a bullish flag or pennant before resuming its uptrend.
Bitcoin has suddenly regained the relative ground it had lost to the S&P 500 over the previous three months. In other words, Bitcoin had been performing worse than U.S. large-cap stocks during that period.
However, its sharp rally over the past 72 hours was strong enough to close that entire performance gap.
According to Glassnode’s session rewind chart, over the past three months, the BTC-to-S&P 500 relative-performance ratio has declined from around 3x to nearly 2.2x.
However, Bitcoin’s sharp rally over the latest four trading sessions pushed that ratio back up to approximately 2.82x. Though the S&P 500 is still up around 20% from the chart’s September 2025 starting point, Bitcoin has clearly shown its ability to recover lost ground quickly.
Source: Glassnode What pushed Bitcoin to close this gap in a few days? This comes on the heels of BTC’s price action rallying from $62K to around $78K in a few days.
Besides the price action, other factors like the Bitcoin [BTC] ETF market, which recorded $1.92 billion in the past week, expectations around U.S. crypto legislation, and Treasury actions that helped calm bond-market stress also helped Bitcoin outweigh S&P 500.
Source: SoSo Value However, this does not mean that Bitcoin’s underperformance is permanently over or that a new bull market is guaranteed. This is because as a result of the rally, the RSI index has now entered the overbought territory. As the pattern has been, every race to the overbought or oversold territory has called for a pullback, and so it might happen again.
Source: TradingView Where is Bitcoin heading? Yet despite the uncertainty, The Kobeissi Letter has predicted that the probability of Bitcoin finishing 2026 above $90,000 has reportedly jumped from 12% to 48% in just three days. The timing here is interesting, as this shift happened alongside $3.5 billion in leveraged cryptocurrency positions getting liquidated between the 20th and 21st of August.
Source: The Kobeissi Letter This was further supported by AMBCrypto’s recent analysis that Bitcoin’s recent rebound has strengthened its bullish structure, with strong support between $61,849 and $63,111 and limited overhead supply above $75,733. Ergo, a break above this level could open the path toward 83,307–84,569, where another major supply cluster sits.
Final Summary Bitcoin’s price surge above $75K has helped it close the three-month performance gap with the S&P 500. This bullish rally has many anticipating BTC’s next move to above $90,000 by the end of 2026.
Caitlin Long, Founder and CEO of Custodia Bank, reviewed the four-year cycle and recent developments in the Bitcoin price.
Following the sudden and sharp rise in the cryptocurrency markets, Caitlin Long, Founder and CEO of Custodia Bank and a leading figure in the market, assessed the recent activity in Bitcoin and the general financial markets. Long stated that a macroeconomic reason and the actions of the US Treasury Department were behind the sharp jump in the market.
Caitlin Long, commenting on the US Treasury Department’s announcement that it will more than double its long-term bond (30-year Treasury bond) repurchases, described this as a form of “yield curve control.”
Long stated that this move directly triggered a sharp movement in interest rates and put pressure on the US dollar, weakening it. He added that a weaker dollar generally supports risk assets. This situation triggered a sharp upward movement in leading crypto assets such as Bitcoin and Ethereum.
Responding to the question “Has the 4-year cycle ended?”, which has been frequently debated in the market recently, Long argued that the charts and fundamental data indicate that the cycle is still ongoing. He stated that the basic dynamics of the mining economy have not changed; it is a natural part of the cycle for miners to lose profitability due to high electricity and computing costs and withdraw from the market.
Long, who refrained from making price predictions, stated that based on past experience, Bitcoin appears cheap at current levels.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Bitcoin (BTC) price has recorded some losses today amid a whale selloff, after soaring past the $78,700 mark in the last 24 hours. However, despite the losses, the flagship crypto has added nearly 23% over the past week, suggesting the growing confidence of market participants towards the asset.
Meanwhile, the latest rally has allowed many traders to exit the market to book profits. Amid this, a latest report showed that a mysterious Bitcoin whale has offloaded more than $576 million in BTC over the last three days, which has fueled discussions among traders.
Bitcoin Whale Offloads 7,770 BTC Fueling Market Concerns The on-chain transaction tracking platform, Lookonchain, has highlighted the latest transaction, showing that a “mysterious whale” has offloaded 2,700 BTC, valued at $211.8 million, today. Over the past three days, the whale, identified by the wallet address “bc1qsy,” has sold 7,770 Bitcoin, worth $576.6 million.
Source: Lookonchain, X However, it’s worth noting that the latest rally in Bitcoin price might not be the only reason behind his move. For context, since July 19, when BTC price was mostly stagnant, the same whale has deposited more than 12,513.5 BTC, worth $850 million, into Binance.
Meanwhile, amid the Bitcoin whale news, Wintermute has also gained notable traction from market participants. Today, Wintermute has deposited 590.9 BTC to Binance, valued at around $45.66 million, while moving about 3,834 BTC, worth $256.8 million, over the past week.
Source: Arkham These latest moves by the Bitcoin whale and Wintermute have fueled discussions among traders. While some market participants remain optimistic, others have argued whether the selling pressure would hinder the ongoing rally in Bitcoin price.
What Lies Ahead for BTC Price? Bitcoin price has lost around 1% over the past 24 hours and traded at $77,321 at the time of writing. Notably, the latest jump of the crypto above $78K has caught the eyes of global traders, with many turning optimistic on the long-term potential of the asset.
Veteran trader Peter Brandt has also turned bullish on the asset recently. Despite that, some believe that BTC price might face another setback before continuing its upward run ahead.
For context, Thinking Crypto Podcast founder Tony Edward recently highlighted that the flagship crypto is currently in the “overbought” region. Considering that, he believes that the bears will once again start to dominate, causing another pullback in Bitcoin price.
Source: Tony Edward, X However, he noted that the crypto might face a pullback towards the $69,000-$70,000 region before continuing its run to the north again. Meanwhile, the chart that he shared also suggests that BTC would break through the $80,000 mark following the expected pullback ahead.
For retail investors looking to navigate volatile market swings alongside these whales, selecting one of the best crypto apps for mobile trading is essential for fast order execution.
Bitcoin and XRP may be part of President Donald Trump’s broader crypto plans, but Vice President JD Vance is not backing them as a direct way to reduce the U.S. debt.
With national debt now above $40 trillion, Vance pointed to economic growth, foreign investment, and Treasury Secretary Scott Bessent’s plan instead.
Vance Reveals Trump’s Economic StrategyDuring a Newsmax interview, host Carl Higbie asked JD Vance,
“President Trump was talking about a crypto reserve with Bitcoin and XRP and a few other things. Is there anything on the horizon to start offsetting this?”
In response, Vance noticeably avoided backing crypto as the direct solution, pivoting instead to Treasury Secretary Scott Bessent’s traditional economic growth model, which aims to make the U.S. economy grow faster than its debt.
Vance said Bessent has a “very discreet plan,” of course, supported by the president of the United States, to get the United States to a point where our economy is growing faster than our debt. And if you look, we are on track.”
The focus is also shifting toward traditional capital.
Vance said nearly $19 trillion in foreign investment is expected to enter the U.S. over the next decade, which could expand the tax base and support the Treasury market.
Sovereign Wealth Fund Could Still Include BitcoinVance also points out Trump’s interest in creating a U.S. sovereign wealth fund. While Bitcoin could potentially become part of a wider asset mix, the fund would focus more broadly on domestic equities, energy and other strategic assets.
That makes crypto look more like a possible supporting asset than a direct tool for paying down the debt.
Trump also addressed the reserve question at the White House gathering, saying a Bitcoin reserve “has been talked about” and that it had “taken a lot of pressure off the dollar.”
However, he pointed to SEC Chairman Paul Atkins and CFTC Chairman Michael Selig for the final structural decisions.
CLARITY Act Takes Priority Over Crypto ReserveThe administration’s immediate crypto focus also appears to be regulation. Vance has backed the CLARITY Act, calling it “very important” for the U.S. technology sector.
The bill aims to establish clearer rules for digital assets and blockchain projects, potentially giving companies more certainty to build in the U.S.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
XRP and Bitcoin were directly referenced in a high-profile interview with US Vice President JD Vance, as the future role of digital assets in America’s debt strategy came into focus this week.
XRP enters national debt discussionDuring an interview on Newsmax, host Carl Higbie questioned Vice President Vance about the potential for cryptocurrencies like Bitcoin and XRP to be included in a national crypto reserve. Higbie mentioned recent comments by President Donald Trump, suggesting that digital assets could strengthen the country’s financial position amid ongoing concerns about the ballooning US national debt.
Vance did not endorse using XRP or any cryptocurrency to directly pay off national debt. Instead, he outlined government strategies aimed at promoting economic growth faster than the rate of debt accumulation. Vance noted that Treasury Secretary Scott Bessent is developing a sovereign wealth fund plan designed to support this goal.
He acknowledged that the country’s debt remains high and criticized the current cost of servicing it, emphasizing that the administration inherited an environment where debt outpaced GDP growth. Vance expressed cautious optimism that recent measures are making progress toward a more balanced fiscal outlook.
XRP and Bitcoin were raised in a national conversation about the US financial future. While the administration is exploring ideas to grow the economy and manage the debt, direct usage of XRP in servicing national obligations was not confirmed. The focus remains on sound economic policy and regulatory progress.
Crypto Dyl News, a digital asset news platform, described the exchange as a significant moment for XRP holders, highlighting the token’s mention in such a high-level policy debate.
Mini dictionary: Scott Bessent is the current US Secretary of the Treasury, responsible for overseeing federal financial policy, managing government revenue, and advising the president on economic matters.
CLARITY Act and crypto regulationThe conversation soon shifted to cryptocurrency legislation. Higbie asked Vance about the future of the CLARITY Act, a proposed regulatory bill that could unlock new opportunities for investors and provide a clear framework for digital asset companies operating in the United States.
Vance said he hoped the CLARITY Act would advance before the August legislative recess but noted persistent partisan differences remain a hurdle. He stated that while some Republican senators oppose the bill, there is also resistance among some Democrats, requiring additional negotiation to move forward.
Describing the CLARITY Act as “a very important piece of legislation,” Vance added that the administration is working on it daily alongside lawmakers from both parties.
Vance stressed the importance of clearer regulations for crypto and blockchain companies, saying businesses want to comply with federal rules but need defined legal guidance to operate efficiently in the US market.
He argued that clear rules would help foster innovation and ensure the US remains competitive in global digital finance.
XRP’s profile elevated in policy debateCrypto Dyl News underscored the significance of XRP’s inclusion in the policy conversation, particularly as the token was highlighted alongside Bitcoin in the context of a proposed national crypto reserve. The platform also noted Ripple’s ongoing dialogue with US policymakers as legislation such as the CLARITY Act advances.
Despite XRP’s mention, Vance made no promises regarding its adoption in public reserves or direct use in reducing national debt. His comments largely addressed broader strategies on economic management, debt growth, and the regulatory landscape for digital assets.
Meanwhile, the administration’s support for the CLARITY Act points to continuing efforts to establish clear rules for the crypto industry at the federal level, which industry participants have long requested.
The interview marked another moment where digital assets are increasingly appearing at the heart of national policy conversations, reflecting the sector’s growing relevance in the US financial and political landscape.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
XRP landed a double golden cross on its Bitcoin chart following a ferocious rally this week as several catalysts sent crypto assets higher. The golden cross signals were completed on XRP/BTC short-term timeframes, highlighting the recent positive momentum.
The 50 moving average (MA) rose above the 200 MA in a crossover on the 3-hour chart, completing a golden cross. The same scenario was seen on the 2-hour chart, with the 50 MA rising above the 200 MA as XRP gained ground against Bitcoin.
XRP/BTC 3-Hour Chart, Courtesy: TradingViewXRP exploded higher on its Bitcoin chart, posting four straight days of sharp increases. Saturday saw the largest spike to a six-month high, but this quickly retreated.
HOT Stories
You Might Also Like
The recent rally against Bitcoin took XRP above key barriers that have limited its price since January, notably the daily MA 50 and 200 on the XRP/BTC chart; a continuation of this positive momentum is now being watched, with the potential of XRP reaching $2 in its USD pairing.
XRP/USD potential target hints at $2XRP rallied ferociously this week, marking three straight days of sharp increases on the USD chart. The rally began on Wednesday following the Treasury's intervention in the bond market, easing pressure on risk assets.
You Might Also Like
That helped trigger a broader move into crypto, which was later amplified by a massive short squeeze. Investor sentiment improved further on Thursday, largely due to a last-ditch push from the White House and crypto industry leaders to get the Clarity Act across the finish line in the coming weeks.
XRP spot ETFs recorded a record day this week following the busiest on-chain trading day quarter-to-date, per analysis of data from SoSoValue.
In a recent development, Ripple is backing a new institutional credit fund that will lend RLUSD stablecoin to fintech and payments companies on the XRP Ledger, alongside lending platform Clearpool and credit manager Cicada Partners.
Saturday saw XRP stage one of its sharpest single-day rallies of the summer, with the price rising nearly 27% from $1.34 to $1.699, but this retreated.
At the time of writing, XRP had eased its gains, up 4.45% in the last 24 hours to $1.43 and up 45% weekly. A decisive break above the $1.7 level reached early Saturday will target $2 next.
XRP delivered a notable technical breakout this week, registering a double golden cross against Bitcoin following a series of sharp rallies in both its BTC and USD trading pairs. The positive momentum came as the broader crypto market climbed on renewed investor optimism and several key catalysts.
Technical signals and rally milestonesXRP’s technical indicators flashed bullish on multiple fronts. On the XRP/BTC pair, the 50-period moving average crossed above the 200-period moving average on both the 3-hour and 2-hour charts—patterns known as golden crosses. Such moves are closely watched by market participants as indications of potential upside momentum.
Over a four-day stretch, XRP notched consistent gains against Bitcoin, culminating in a spike to its highest level in six months. This surge briefly pushed past resistance levels that had capped its price since January, including the daily 50 and 200 moving averages on the XRP/BTC chart. While Saturday produced the most significant daily rally during the period, this advance partially retraced just hours later.
XRP not only climbed above important technical barriers but also delivered four consecutive days of outperformance against Bitcoin, reaching levels not seen in half a year.
Traders are now watching whether XRP can maintain its current momentum and attempt another push toward the $2 mark in its USD pairing.
Market environment and institutional movesThe move in XRP/USD began midweek, coinciding with the US Treasury’s intervention in the bond market, which helped ease pressure on risk-sensitive assets. The crypto market gained further momentum through a large short squeeze, and sentiment was buoyed by renewed legislative efforts on the Clarity Act from both the White House and industry leaders.
Spot exchange-traded funds (ETFs) linked to XRP saw record activity this week, as on-chain volumes reached the highest point of the current quarter, according to data compiled by SoSoValue.
In an additional development, Ripple confirmed support for a new institutional credit fund. This vehicle aims to provide RLUSD stablecoin liquidity to fintech and payments firms via the XRP Ledger, in coordination with lending specialist Clearpool and credit manager Cicada Partners.
Mini dictionary: RLUSD stablecoin, an institutional stablecoin introduced for regulated lending and payments, operates natively on the XRP Ledger and is designed to facilitate on-chain institutional credit transactions.
Recent performance and price outlookOn Saturday, XRP recorded a nearly 27% intraday move, briefly touching $1.699 before giving back some gains. As of the most recent update, XRP traded at $1.43, up 4.45% in 24 hours and 45% over the past week. A renewed break above $1.7 could set the stage for a test of the $2 resistance level.
MetricRecent ValuePeriod ChangeXRP Price (USD)$1.43+45% weeklyXRP Price Peak (USD)$1.699+27% intradayXRP/BTC Golden Crosses2 (2h, 3h)Current weekXRP spot ETFs experienced record trading volumes this week, coinciding with the busiest quarter-to-date for on-chain transactions as tracked by SoSoValue.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
The crypto market just suffered its biggest flash crash since October 2025, wiping out $108 billion in just six minutes. The total market value fell from $2.68 trillion to $2.55 trillion as selling pressure increased. More than $1.71 billion in crypto positions were liquidated, hitting Bitcoin, Ethereum, and altcoins the hardest.
Crypto Rally Halt Turned Into $1.7B LiquidationsAccording to CoinGlass, 281,846 traders were liquidated in the past 24 hours, causing around $1.71 billion in total losses. Most of the damage came from long positions, with $574 million wiped out in just four hours as Bitcoin and other cryptocurrencies dropped sharply.
The liquidation wave also hit crypto derivatives markets hard. Open interest across cryptocurrencies fell by $3.34 billion, or 5.18%, in a short period, leaving total open interest at around $55.60 billion.
The sharp decline shows how quickly leverage was removed from the market.
Over the past four days, more than $4.5 billion in long positions have been liquidated across crypto, making it the seventh largest liquidation event in crypto history.
Bitcoin, ETH and XRP See Sharp DropsAt first, Bitcoin’s rally from $63,600 to $79,500 triggered around $2.7 billion in short liquidations. However, the trend reversed on August 22, putting heavily leveraged long positions under pressure.
Bitcoin fell to around $76,500 within six minutes, while long positions worth about $257.77 million were liquidated.
Ethereum also faced heavy selling, recording around $293.34 million in liquidations as its price dropped to about $2,426.
XRP saw the sharpest price decline among the three, falling about 12% from $1.70 to $1.51. The move led to around $121.71 million in XRP liquidations.
Altcoins Lose $53 Billion in MinutesIt’s not just Bitcoin or Ethereum, altcoins also saw massive liquidations. The TOTAL3 market cap, which tracks crypto excluding Bitcoin and Ethereum, fell from $784 billion to $731 billion in a single candle.
That means around $53 billion was wiped out in just minutes, a decline of about 6.7%. Bitcoin, meanwhile, fell roughly 2.5% during the same move.
$70,500 Becomes Bitcoin’s Key SupportDespite the recent drop, crypto analyst The Martini Guy believes Bitcoin’s overall uptrend is still intact. He pointed to $70,500 as the key support level after BTC moved from weeks of trading near $65,000 to breaking above $67,200 and then $70,500.
Bitcoin has pulled back slightly after breaking through $78K, but the bigger picture remains very strong.
We spent weeks trading between $63K and $65K.
Then $67.2K broke.
Then $70.5K broke.
Now we're sitting around $77.5K.
The level I'm watching most closely now is $70,500.… pic.twitter.com/169FraFB2Q
— That Martini Guy ₿ (@MartiniGuyYT) August 22, 2026 Bitcoin’s recent high near $78,800 is now the main resistance level. If BTC stays above $70,500, the analyst believes the broader recovery could continue despite the recent market liquidations.
However, losing this support could weaken the current bullish setup and increase the risk of another decline.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
TLDR: Jiang Zhuoer says he is 90% confident the crypto bear market has ended after Bitcoin neared $79,500. He bought ETH near $2,100 after selling at 1,738-1,931, then sold half his spot position near $2,525. Jiang keeps 20%-30% of planned capital undeployed, with an ETH buy possible if BTC falls to 67,000-72,000. U.S. spot Bitcoin ETFs drew about $1.6 billion through Thursday, including $606.3 million in Thursday inflows. Chinese mining veteran Jiang Zhuoer has abandoned his bearish call of 2026 after the market’s latest rebound undermined his forecast. The BTC.TOP founder now says he is about 90% confident the bear market has ended, while viewing Ethereum as a relative outperformer.
The reversal followed trades reflecting his bearish thesis breakdown. He previously sold ETH between $1,738 and $1,931, then bought back near $2,100 after deciding his view was failing.
Jiang Zhuoer Reverses Bearish Bitcoin Call as ETH Strengthens In late June, Jiang forecast that Bitcoin could fall toward $42,000 to $44,000 during the fourth quarter. His projection partly relied on Strategy’s depressed market-to-Bitcoin valuation and historical cycle timing.
That scenario weakened sharply when the cryptocurrency surged toward 79,500 on August 21. Ether also recovered into the mid-2,000 range, reducing his conviction that major downside remained. His repositioning did not end with the buyback.
He later sold half of his spot Ether near $2,525 and referenced a stop around $2,550. The sequence showed that his change in outlook was accompanied by position management. Rather than holding to the previous cycle call, he adjusted exposure as prices challenged it.
Wu Blockchain’s translation said Jiang still has about 20% to 30% of his intended capital undeployed. He plans another ETH purchase if the flagship cryptocurrency retreats into the $67,000 to $72,000 range.
One of China’s Most Well-Known Miners Jiang Zhuoer: I’ll Use All Remaining Funds to Buy ETH
Jiang Zhuoer, founder of BTC .TOP, said his previous bearish market view was way off and that he is now 90% confident the bear market has ended, with ETH likely to outperform BTC in this… pic.twitter.com/QRkQVCqxrz
— Wu Blockchain (@WuBlockchain) August 22, 2026
If that decline does not occur, the report said Jiang intends to deploy the remaining funds by late October. However, Odaily described the reserve-capital plan as a purchase of the leading cryptocurrency instead. While the translation creates uncertainty over the intended asset, it does not alter the broader shift from Jiang’s earlier bearish outlook.
ETH Outperformance and ETF Inflows Support Market Rebound That change in outlook has also placed Ethereum at the center of Jiang’s revised positioning, particularly after ETH outperformed the market leader during the latest rebound. Bernstein analysts linked Ether’s relative strength to growing activity around stablecoins, tokenization, and real-world assets.
At the same time, the broader recovery received support from spot demand rather than relying solely on forced liquidations. U.S. spot Bitcoin ETFs attracted about $1.6 billion through Thursday, including $606.3 million on Thursday alone.
Improving liquidity conditions also provided a supportive backdrop. Expanded U.S. Treasury buybacks of longer-dated debt coincided with fresh crypto-policy developments as digital assets accelerated from recent lows.
However, leverage remained an important driver of the initial breakout. More than $2.75 billion in short positions tied to the market leader were liquidated on August 19.
Those liquidations helped accelerate the move above $70,000, showing that forced short covering contributed significantly to the rebound. Even so, substantial ETF inflows during the same week pointed to additional spot-market demand.
Against that backdrop, Jiang’s reversal shows how quickly a fixed cycle forecast can weaken when market structure changes. His stated 90% confidence, however, remains a personal assessment rather than an independently verified probability.
His trading response also emphasized execution over certainty. Jiang reduced exposure, bought back after reassessing market conditions, and kept part of his capital available for another entry.
For traders, the clearest confirmation would come from sustained ETH relative strength, durable spot demand, continued ETF inflows, and liquidity remaining firm after short-covering pressure fades.
“Squad” member Rep. Rashida Tlaib has voted against major crypto legislation in Congress but doesn’t mind holding digital currencies Bitcoin and Ethereum in her $1.2 million retirement account, according to her latest financial disclosure.
The Michigan Democrat’s Charles Schwab retirement account includes up to $15,000 in the Grayscale Ethereum Staking Mini ETF and another $15,000 in an iShares Bitcoin ETF — among 41 separate holdings, the disclosure filed this month showed.
The Democratic Socialists of America member’s ownership stake comes as digital currencies are preparing to get a legislative push this fall — and despite Tlaib voting against the pro-crypto CLARITY Act along with her vote for a resolution to ban “crypto corruption.”
Rep. Rashida Tlaib, D-Mich., has holdings in Bitcoin and Ethereum, her latest financial disclosure reveals. ZUMAPRESS.com Digital assets rallied this week with Bitcoin jumping to $71,000 as President Trump pushed for Senate action on the Digital Asset Market Clarity Act, which brings crypto under commodities regulations.
The Senate is set to vote on it in September when lawmakers come back from recess.
Even if the push stalls, Commodity Futures Trading Commission Chair Michael Selig said Thursday his agency is ready to “codify” a regulated market structure for crypto “using the agency’s existing authorities.”
Tlaib’s holdings are piled in a traditional IRA, a Roth IRA, and a pair of college savings accounts — as lawmakers must disclose assets only in broad ranges.
Representative Rashida Tlaib, a Democrat from Michigan, is a member of the left wing “squad” who recently campaigned with Florida nominee for Senate Angie Nixon. Bloomberg via Getty Images Tlaib, who stumped Florida Senate primary winner and DSA convert Angie Nixon at a “Chomp the Oligarchy” event his month, also holds mortgages of up to $750,000 and a Detroit rental property worth up to $250,000.
Her other investments include international funds focused on Europe and Asia, international bond funds and a fund designed to hedge against exposure to the US dollar.
US-listed Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds each recorded their largest week since October 2025, drawing a combined $2.6 billion in the seven days ended August 21.
Bitcoin products captured $1.92 billion of that sum. Ethereum funds added $697.18 million, reversing a $391.96 million combined outflow the previous week.
Bitcoin and Ethereum ETFs Hit Biggest Weekly Inflow in 10 MonthsAccording to SoSoValue, Bitcoin funds recorded five consecutive days of net inflows from August 17 to August 21. The run included a $606 million single-day haul on August 20.
Trading activity climbed alongside the money. Weekly volume in BTC funds reached $22.15 billion, roughly triple the prior week’s total.
The week interrupts a long retreat. Cumulative net inflows into Bitcoin ETFs peaked at $62.77 billion in October 2025 and have since fallen to $53.71 billion.
Ethereum funds followed a similar path. Their largest daily intake since October landed on August 20 at $220.77 million. Total assets, however, remain 53% below the August 2025 high.
The annual picture stays negative for both. BTC funds have shed $2.91 billion in 2026 and ETH products $177.93 million, leaving each on track for its first losing year since launch.
Follow us on X to get the latest news as it happens
Assets Grew 9 Times More Than New MoneyThe flow figures understate what actually moved. Combined assets across both products rose by about $23 billion last week, compared with $2.6 billion in creations.
Stripping out flows, the implied gain in the underlying holdings reached 22.9% for Bitcoin and 29.2% for Ethereum. Three sessions from August 19 to August 21 produced most of it.
Revaluation, therefore, did the heavy lifting. Bitcoin traded near $77,125 at press time, while Ethereum changed hands at $2,423.
Altcoin Funds Extend the RunOther major US altcoin spot ETFs also posted net inflows over the same week. XRP (XRP) ETFs led with $39.78 million and set a record for weekly trading volume at $271.74 million.
Crypto ETF Performance in August. Source: BeInCrypto/SoSoValueSolana (SOL) products followed with $28.34 million, marking an eighth consecutive week of inflows. Chainlink (LINK) funds drew $13.35 million, their second-largest week since launching in December. Assets closed at a record $171.59 million.
Hyperliquid (HYPE) products added $3.89 million and also finished at record assets of $360.39 million. Dogecoin (DOGE) funds trailed the group with $654,416.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Bitcoin staking through Stacks is set to go live in about 19 days. The PoX-5 hardfork, scheduled to activate on the Stacks mainnet around July 29, 2026, will lay the technical groundwork for BTC holders to earn yield directly on their holdings without giving up custody of their coins.
How Bitcoin staking on Stacks actually works The system relies on Stacks’ Proof of Transfer (PoX) consensus mechanism, which has been operational since 2021. Under the new staking framework, participants lock BTC on Bitcoin’s layer 1 alongside STX tokens to form what Stacks calls “bonds.” Those bonds generate BTC rewards at an initial annual percentage yield of roughly 3%.
The BTC stays on Bitcoin’s base layer under your own custody, while the STX component ties the staking activity into the Stacks network’s economics. Neither asset needs to be wrapped, bridged to another chain, or deposited into a smart contract controlled by someone else.
Advertisement
Previous iterations of this concept have already shown meaningful traction. Dual Stacking with sBTC, an earlier offering from the Stacks ecosystem, attracted over $100 million in user participation and facilitated substantial BTC payouts.
The rollout timeline and what comes next The July 29 hardfork is just the first domino. After PoX-5 activates, the next major milestone is the inaugural Genesis Bond event, scheduled for late August 2026. That event will mark the practical launch of the staking system, giving users their first opportunity to form bonds and begin earning rewards.
Stacks has been running the upgrade through public testnet phases and conducting thorough audits ahead of the mainnet activation. September 2026 carries additional milestones for Q3, though the Genesis Bond event in August represents the moment when the system transitions from theoretical to functional for real users with real capital.
Institutional interest and market positioning Institutional integrations are already underway, with partners like Fireblocks and UTXO Management involved from early phases of the rollout. Fireblocks is one of the most widely used institutional custody and settlement platforms in crypto. UTXO Management is a digital asset investment firm focused on the Bitcoin ecosystem.
The requirement to hold STX alongside BTC creates an interesting dynamic for Stacks’ native token. Every participant who wants to stake Bitcoin through this system also needs exposure to STX. The over $100 million that flowed into the earlier Dual Stacking program suggests there is genuine appetite for Bitcoin yield products within the Stacks community.
Competing yield products on Bitcoin typically involve either lending platforms, which carry counterparty risk, or wrapped Bitcoin on other chains, which introduces bridge risk. Stacks’ self-custodial approach sidesteps both of those concerns. The roughly 3% initial yield is lower than what some DeFi lending protocols offer on wrapped BTC, but comes with a fundamentally different risk profile.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Machines are now paying other machines in Bitcoin, and the receipts are sitting onchain for anyone to verify. AI agents built on Stacks, the Layer 2 blockchain anchored to Bitcoin, are autonomously earning, transferring, and transacting with Bitcoin-derived assets, no human required at any step of the process.
This is not a demo or a whitepaper promise. The AIBTC protocol reported more than 8,700 onchain transactions in the first quarter of 2026 alone, executed by over 150 deployed AI agents operating on the Stacks network.
How the machine economy actually works The agents themselves operate using sBTC, a Bitcoin-backed asset native to Stacks, as well as STX (the network’s native token) and USDCx. The x402-Stacks protocol handles the payment rails, enabling pay-per-request transactions between agents, which is effectively a billing system where software pays software for data or services at the moment of consumption.
Specific agents, identified onchain under names like Sonic Mast and Tiny Marten, have been autonomously accumulating and transacting in satoshis since February 2026. Their activity is publicly verifiable through their agent addresses, which provides a kind of live proof-of-concept that an agentic Bitcoin economy is already running.
The agents generate revenue through several mechanisms: running paid API endpoints, participating in DeFi staking on the Stacks ecosystem, and engaging in trading activity on decentralized exchanges. Bitflow, one of the leading DEXs on Stacks, added AI-specific tooling for automated trading strategies in Q2 2026, giving agents more surface area to operate across.
Growth that is hard to ignore According to Tenero Research, active agents on the Stacks network grew from 105 to 766 in a single week. The network’s stated target is 10,000 active agents.
Stacks has also been upgrading the underlying protocol to support the load. Improvements to programmability and transaction speeds have been rolled out to accommodate the growing agent population.
What this means for Bitcoin’s broader utility The emergence of AI agents as a user class on Stacks is significant precisely because agents have different requirements than human users. They operate continuously, they need micropayment capability (paying fractions of a cent for a single API call, for instance), and they cannot navigate browser-based interfaces or custodial onboarding flows.
Stacks’ differentiator is the Bitcoin connection itself. Agents holding and transacting in sBTC inherit Bitcoin’s liquidity depth and name recognition, which matters when the agents are interacting with counterparties who may care about the quality of the asset being transferred.
Either way, 8,700 Bitcoin-settled transactions executed by autonomous software in a single quarter is a data point that would have seemed implausible two years ago. The ledger does not lie about whether the transactions happened.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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.
16 minutes ago
LIT briefly surges past $3.27 to set a new all-time high.
According to HTX market data, LIT briefly broke through $3.27 to hit an all-time high, and is currently trading at $3.2, with a 13.21% gain in the past 24 hours. As previously reported, Vladimir Novakovski, CEO of Lighter, is a member of the Innovation Advisory Committee of the U.S. Commodity Futures Trading Commission (CFTC).
16 minutes ago
Yilihua: Remains bullish, weekend adjustments won’t alter the trend, strongly advises against short selling
Liquid Capital (formerly LD Capital) founder Yilihua stated in a post that he remains bullish, noting the weekend’s minor price adjustment was merely shorts taking advantage of low liquidity to stage a small resistance move, which does not alter the overall trend. He strongly advises against shorting, recommending closing long positions once the price reaches a certain level, as corrections typically occur at periodic stages.
16 minutes ago
The ETH iron-headed bulls successfully completed a T trade and plan to submit another order to buy back 10,000 ETH.
On-chain analyst Ai Yi (@ai_9684xtpa) has monitored that the diehard bull address holding a long position of 120,000 ETH closed out 40,000 ETH at an average price of $2,513 this morning, generating a profit of $9.897 million. Another address linked to the same entity has resumed adding to its long position, having already acquired 9,021 ETH, with pending orders indicating plans to add another 10,000 ETH. Currently, the three addresses under this entity hold a combined total of 59,000 ETH in long positions, with an unrealized profit of $8.73 million.
16 minutes ago
Stablecoins' total market cap rises to $303 billion, up 0.74% over seven days.
According to data from DefiLlama, the total market capitalization of all stablecoins across the network currently stands at $303.079 billion, up 0.74% over seven days, with USDT's market share rising to 60.43%.
16 minutes ago
An ETH whale that opened a position in February is suspected of liquidating its entire position, booking a profit of $1.68 million.
On-chain analyst Ai Yi (@ai_9684xtpa) has monitored that a whale, who withdrew 4,819.11 ETH from OKX at an average price of $1,941.28 in late February this year, sold 1,200 tokens at a loss a month ago, and deposited all remaining 3,619 ETH into the exchange 30 minutes ago. The whale’s final average selling price reached $2,290, with an estimated profit of $1.68 million.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
As Bitcoin continues to move upwards amid the broad crypto market recovery, one of its vocal advocates, Samson Mow, has shared an unpopular opinion about Bitcoin's momentum over the years.
In a recent post shared on X, Samson Mow declared that Bitcoin is yet to experience its first real bull run, sparking discussions across the crypto community.
Bitcoin's ATH not a major rally?While the recent Bitcoin price breakout has triggered a massive shift in investors' sentiment alongside renewed interest in the leading crypto asset, the crypto ecosystem has continued to buzz with bullish commentaries on its price potential.
HOT Stories
Amid the buzz, Samson Mow caught the attention of market participants with his new claims that Bitcoin is yet to experience a genuine bull run, undermining the $126,000 peak seen last year.
You Might Also Like
To further back his claims, Mow mentioned that the previous all-time high of $126,000 achieved last year was just the asset keeping up with inflation.
In essence, Mow implied that Bitcoin's $126,000 ATH may not be impressive when inflation is considered, suggesting that the ATH record does not measure up to the explosive growth Bitcoin is capable of achieving in a genuine bull run.
Bitcoin's price outlook Mow's statement has not only stirred debates on Bitcoin's price potential, but has also intensified optimism from traders about how high Bitcoin's price could be in the coming bull cycle.
Following the recent price rally, Bitcoin surged by over 22% over the last week, to reclaim $79,000, its highest price level since May.
This price rally has seen investors regain their confidence in the asset, sparking increased bullish predictions for Bitcoin in the coming months.
Top Loser in Binance's 30-Day Live Futures Trading Closes Out Short Positions, Incurring a Net Loss of $3.46 Million
According to on-chain analyst Ai Yi (handle @ai_9684xtpa)’s monitoring, Binance futures live trading account "Jiujiu Jin" ranks first on the platform’s 24-hour, 7-day, and 30-day loss leaderboards. The account once held a short position of 250 BTC with an average entry price of $63,592, and closed the position at an average price of $77,758.91 at 8:15 AM today, incurring a total loss of $3.46 million.
34 minutes ago
Iraqi President: Some ships carrying Iraqi oil have been cleared to transit the Strait of Hormuz.
According to CCTV News, Iraqi President Amadi stated on the 22nd local time that Iraq had previously held talks with visiting Speaker of Iran's Islamic Parliament Ghalibaf, and conveyed a message to Iran regarding a review of bilateral relations between Iraq and Iran. Amadi also said that some ships carrying Iraqi oil have been granted passage through the Strait of Hormuz. He emphasized that the Iraqi government must engage in dialogue with militia groups, reach mutual understanding, and resolve the weapons control issue through plans that serve Iraq's national and ethnic interests. Amadi added that Iran did not request Iraq to delay its national weapons control process.
34 minutes ago
Jiang Zhuoer: Beware of "serial liquidations" in extreme market conditions, advises using isolated margin mode for high-leverage trading
Jiang Zhuoer, founder of BTC mining pool B.TOP, posted that around 1:10 PM Beijing time today, the entire crypto market experienced a mini flash crash, with BTC, ETH and numerous altcoins seeing notable pin price movements. Even non-crypto assets such as crude oil also synchronized short-term sharp fluctuations. He advised against holding large high-leverage altcoin long positions in a unified account, as under cross-margin mode, a sudden 50% crash in a single coin could lead to insufficient account margin, triggering forced liquidation of other assets in the account. For high-leverage altcoin trading, he recommended using isolated margin mode to separate positions, preventing extreme moves in one coin from affecting the entire account. While isolated margin operations are relatively cumbersome, at minimum, in extreme market conditions, "only one position will be liquidated", reducing the risk of the entire account being wiped out instantly.
34 minutes ago
A mysterious crypto whale took advantage of market momentum to offload 7,700 BTC over the past three days.
According to Lookonchain’s monitoring, a mysterious whale has sold 2,700 BTC again, valued at roughly $211.8 million. The whale has sold a total of 7,700 BTC over the past three days, totaling around $576.6 million.
34 minutes ago
Bitmine’s unrealized losses on its Ethereum positions narrowed to $5.408 billion.
According to the latest holding data from Bitmine, the treasury firm holds a total of 5,815,164 Ether (ETH), with an average cost basis of $3,366 per ETH. At the current ETH price of $2,436, the total unrealized loss on its holdings has narrowed to $5.408 billion, after previously exceeding $10 billion at one point.
34 minutes ago
Iraq confirms some oil tankers have obtained passage permits for the Strait of Hormuz.
According to Al Arabiya TV, the Iraqi President stated: "We discussed with Iranian Parliament Speaker Mohammad Bagher Ghalibaf the issue of re-examining relations between Baghdad and Tehran. Currently, some ships carrying Iraqi oil have indeed been allowed to pass through the Strait of Hormuz. Given the current situation, I believe the United States wants to reach an agreement to end its conflict with Iran. It must be noted that we are among the countries most deeply affected by the war, and the government is doing its utmost to avoid getting involved in it." (Jinshi)
Richard Wyckoff published his market framework before the Great Depression, yet his distribution schematic remains one of the most referenced tools in crypto trading circles. This article breaks down how the method works, where it has appeared in Bitcoin price history, and what it actually tells traders about supply and demand.
Summary
Richard Wyckoff developed his market cycle theory in the early 1900s, dividing price action into four phases: accumulation, markup, distribution, and markdown. The distribution phase contains specific sub-events, including the buying climax, automatic reaction, secondary test, sign of weakness, and last point of supply, each signaling a gradual shift from demand to supply. Volume analysis sits at the center of the Wyckoff method, with traders comparing effort (volume) against result (price movement) to detect when large operators are offloading positions. Bitcoin has displayed patterns consistent with Wyckoff distribution at several major tops, most notably in the first half of 2021 before a 50% drawdown. The method has limits: it does not predict timing or targets, and forcing its schematics onto every chart without confirming volume evidence is one of the most common mistakes traders make. The first thing most people get wrong about Wyckoff analysis is the assumption that it predicts where price will go. It does not. The method was never designed as a forecasting system. It was designed as a reading system, a way to interpret what large, informed participants are doing with their capital based on the relationship between price and volume. That distinction matters because it changes how a trader uses the framework. Instead of drawing lines and waiting for a target, a Wyckoff practitioner watches for behavioral evidence that supply is overwhelming demand, or the reverse.
Who Richard Wyckoff was Richard Demille Wyckoff was born in 1873 and spent his career on Wall Street during one of the most volatile periods in American financial history. He began working as a stock runner at age 15, eventually founding The Magazine of Wall Street in 1907, which grew into one of the most widely read financial publications of the era. He was a contemporary of Jesse Livermore, J.P. Morgan, and Charles Dow, and unlike many of his peers, he focused on educating retail investors rather than profiting from their mistakes.
Wyckoff believed that markets were driven by the activity of what he called the “Composite Man,” a conceptual figure representing the collective behavior of large institutional operators. His core argument was simple: if retail traders could learn to read the footprints left by these operators through price and volume, they could align their trades with the dominant force in the market rather than fighting it.
By the time of his death in 1934, Wyckoff had amassed a body of work that included books, articles, and a detailed correspondence course. The Stock Market Institute later formalized his teachings, and figures like Robert Evans and Hank Pruden carried the method into the late twentieth century. The core principles have survived largely unchanged because they describe something fundamental: the behavior of large participants operating in liquid markets. The Wyckoff method does not rely on indicators, oscillators, or mathematical formulas. It relies on reading the tape, a skill that translates directly into reading candlestick charts with volume data today.
The Wyckoff market cycle Wyckoff divided all market behavior into four repeating phases:
Accumulation occurs when large operators quietly build positions after a prolonged decline. Price moves sideways in a range while volume patterns reveal absorption of supply. Retail sentiment is typically bearish during this phase, which is precisely why informed money can buy at low prices without pushing the market up prematurely.
Markup follows accumulation. Once large operators have built their positions, they allow price to rise, often quickly, as diminished supply meets renewed demand. This is the phase most retail traders recognize and attempt to trade.
Distribution is the mirror image of accumulation. Large operators begin selling their positions to eager buyers near the top of a trend. Price again moves sideways, but this time the underlying dynamic is the transfer of ownership from informed to uninformed participants. Distribution is harder to identify in real time than accumulation because bullish sentiment masks the selling pressure.
Markdown follows distribution. Once large operators have sold enough of their inventory, price falls, sometimes rapidly, as the remaining holders discover that demand has evaporated.
The cycle then repeats. Wyckoff did not claim that every cycle looks identical, but he argued that the underlying logic of supply and demand creates recognizable behavioral patterns at each phase.
Distribution phases in detail Wyckoff and his later students, particularly Robert Evans and Hank Pruden, mapped specific events within the distribution phase. These events appear in a rough sequence, though real markets do not always follow the textbook order perfectly.
Preliminary supply (PSY) is the first sign that selling pressure is entering the market after a prolonged uptrend. Volume increases on a price advance, but the advance stalls or reverses. This event does not confirm distribution on its own. It signals that supply is beginning to appear.
Buying climax (BC) is a sharp, high-volume price spike that typically marks the highest point of the range. Retail enthusiasm peaks, volume surges, and price often gaps or extends rapidly. The key feature of a buying climax is that it occurs on the heaviest volume of the entire uptrend, yet price fails to sustain the advance. Large operators are using the demand created by retail excitement to offload inventory.
Automatic reaction (AR) is the selloff that follows the buying climax. Once the wave of buying exhausts itself, price drops under its own weight. The low of the automatic reaction defines the lower boundary of the distribution trading range.
Secondary test (ST) is a rally back toward the buying climax high on diminished volume. If volume and spread (the size of individual candles) decrease compared to the buying climax, the test confirms that demand is weakening. There can be multiple secondary tests.
Upthrust after distribution (UTAD) is an optional event where price briefly breaks above the buying climax high, trapping breakout buyers before reversing back into the range. Not all distribution ranges produce a UTAD, but when one appears, it is often the final bull trap before markdown begins.
Sign of weakness (SOW) is a decline that breaks below the lower boundary of the range, typically on increased volume. This event confirms that supply is in control. Price may bounce after a sign of weakness, but the character of the market has changed.
Last point of supply (LPSY) is the final weak rally before markdown accelerates. Volume and spread are noticeably lower than earlier rallies within the range. This event represents the last opportunity for large operators to sell remaining inventory before allowing price to fall freely.
Volume analysis in Wyckoff Volume is not decoration in the Wyckoff method. It is the primary diagnostic tool. The core principle is effort versus result: if heavy volume (effort) produces little price movement (result), then the opposing force is absorbing the effort. If light volume accompanies a price move, the move lacks conviction and is likely to fail.
During distribution, traders watch for several volume patterns:
Volume climaxes on up-moves suggest that selling pressure is absorbing buying pressure. Even though price is rising, the extraordinary volume indicates that supply is meeting every bid.
Declining volume on rallies within the trading range confirms that demand is drying up. Each successive test of the highs produces less enthusiasm.
Expanding volume on declines within the range confirms that supply is increasing. Sellers are becoming more aggressive at lower prices.
A volume spike on a break below the range (sign of weakness) confirms that the distribution is complete and markdown is beginning.
One of Wyckoff’s most useful observations is that volume leads price. Changes in volume character often appear one or two events before the price action confirms the shift. This is why experienced Wyckoff practitioners spend more time studying volume bars than candlestick patterns.
Wyckoff applied to Bitcoin Bitcoin’s 24/7 market structure and transparent on-chain data make it an unusually clean canvas for Wyckoff analysis. Unlike equities, which trade in sessions with opening and closing auctions that distort volume profiles, Bitcoin produces continuous price and volume data across global exchanges. On-chain analytics add a layer of confirmation that Wyckoff could never have imagined: the ability to see exactly when coins move from dormant wallets to exchange hot wallets, signaling that holders are preparing to sell. Two episodes stand out.
The 2021 top. Between February and May 2021, Bitcoin traded in a range between roughly $48,000 and $64,000. The April rally to $64,000 occurred on climactic volume across major exchanges, consistent with a buying climax. Price then dropped to approximately $47,000 (automatic reaction) before rallying back toward the highs on lower volume (secondary test). The May breakdown below $47,000 on sharply increased volume matched the sign of weakness event. The subsequent markdown carried Bitcoin to $29,000 within weeks. On-chain data later confirmed that long-term holders had been distributing coins to new buyers throughout the range, adding a data layer that Wyckoff himself never had access to.
The 2024 consolidation. After Bitcoin reached new highs near $73,000 in March 2024, it entered a multi-month trading range. Some analysts identified Wyckoff distribution features in the range, pointing to declining volume on rallies toward the highs. Others argued the pattern more closely resembled re-accumulation, a sideways pause within an ongoing uptrend. This disagreement illustrates an important point: Wyckoff analysis requires patience. The method reveals its answer only after the range resolves. Traders who labeled the range as distribution too early risked exiting before a continuation higher.
Wyckoff vs. modern technical analysis Most popular technical analysis today relies on calculated indicators: moving averages, RSI, MACD, Bollinger Bands. These tools transform raw price data into derivative signals and generate buy or sell triggers based on mathematical thresholds.
Wyckoff analysis works differently. It reads raw price and volume directly, interpreting the behavior of market participants rather than the output of formulas. A Wyckoff practitioner asks “who is buying and who is selling at this price, and is the balance shifting?” An indicator-based trader asks “has RSI crossed above 70?”
Neither approach is inherently superior, but they answer different questions. Indicators excel at standardized, repeatable signals that can be backtested and automated. Wyckoff excels at contextual reading of market structure, identifying when the underlying dynamics of supply and demand are changing before indicators register the shift.
Many traders combine both. They use Wyckoff principles to identify the phase of the market cycle and then use indicators for timing entries and exits within that context. This layered approach avoids the main weakness of each method used alone: indicators without context generate false signals in ranges, and Wyckoff without precision can leave a trader waiting indefinitely for “confirmation.”
There is also a philosophical difference worth noting. Indicator-based analysis assumes that past statistical patterns will repeat in the future. Wyckoff analysis assumes that human behavior around greed, fear, and information asymmetry will repeat. Both assumptions have merit, but the Wyckoff assumption holds up more consistently across different asset classes and time periods because it is rooted in market structure, not in curve-fitting.
Common Wyckoff mistakes Pattern-matching without volume. The most frequent error is identifying Wyckoff schematics based on price structure alone. A sideways range after an uptrend looks like distribution, but without confirming volume evidence, it might be a pause before continuation. The schematics are meaningless without the volume story.
Forcing the framework onto every chart. Not every top is a Wyckoff distribution. Not every bottom is accumulation. Some markets trend without forming recognizable ranges, and some ranges resolve in directions that contradict the expected schematic. Wyckoff himself acknowledged that the method works best in liquid markets with clear volume data. Applying it to illiquid altcoins with questionable volume reporting produces unreliable results.
Labeling events too early. Distribution takes time, often weeks or months. Traders who label a buying climax after one volatile day and then call for markdown the next week are misusing the method. Each event requires confirmation from subsequent price and volume behavior.
Ignoring the broader context. A distribution range that forms within a larger accumulation structure has a different meaning than one that forms after a multi-year bull run. Wyckoff analysis is fractal. The same patterns appear on daily, weekly, and monthly timeframes, and the higher timeframe context overrides the lower timeframe reading.
Treating Wyckoff as a crystal ball. The method identifies conditions under which a certain outcome becomes more probable. It does not guarantee that outcome. Even a textbook distribution schematic can fail if a macro event injects unexpected demand into the market.
What Wyckoff does not tell you Wyckoff analysis does not provide price targets. It identifies phases and events, not destinations. A sign of weakness confirms that distribution is likely complete, but it does not tell you whether markdown will carry price down 20% or 60%.
It does not provide timing. Distribution can last weeks or months, and there is no formula for predicting when the LPSY will appear or when markdown will begin.
It does not work on all assets. Markets with low liquidity, manipulated volume data, or no continuous trading history produce unreliable Wyckoff readings. This is relevant in crypto, where many tokens trade on exchanges known for inflated volume.
It does not replace risk management. Even if a trader correctly identifies a distribution phase, they still need position sizing, stop placement, and a plan for what to do if the analysis is wrong. Wyckoff was explicit about this in his original course: reading the market correctly is only half the job. The other half is acting on that reading with discipline, which means accepting losses when the market does something the analysis did not anticipate.
It also does not account for external catalysts. A regulatory announcement, an exchange hack, or a macroeconomic shock can override any distribution or accumulation pattern. The method reads internal market structure. It does not read the news.
Practical checks for identifying distribution Timeframe selection. Wyckoff analysis works best on daily and weekly charts for major assets like Bitcoin and Ethereum. Lower timeframes (1-hour, 4-hour) produce more noise and more false patterns. Higher timeframes (monthly) provide context but move too slowly for actionable trading.
Volume source. Use volume data from spot exchanges or aggregated across multiple venues. Futures volume can distort the picture because leveraged liquidations create artificial spikes that do not represent genuine supply and demand shifts.
Checklist approach. Rather than trying to identify the full schematic at once, check for individual events sequentially. Has there been a climactic price spike on extreme volume? Did the subsequent selloff define a clear range? Are rallies within the range producing less volume than the initial spike? Each confirmed event adds weight to the distribution thesis.
On-chain confirmation. For Bitcoin specifically, on-chain metrics like long-term holder supply changes, exchange inflows, and realized profit-taking can confirm or deny what the Wyckoff chart suggests. This is a modern advantage that Wyckoff analysts in traditional markets do not have.
Wait for the sign of weakness. The single most important discipline in Wyckoff trading is patience. Distribution is confirmed only when price breaks below the range on convincing volume. Acting before that event means trading a hypothesis, not a confirmed phase.
What to watch Volume divergence on rallies near range highs. If price tests the top of a range on declining volume two or more times, demand is weakening, and distribution becomes more probable.
A sharp break below the range low on expanding volume. This sign of weakness event is the strongest single confirmation that distribution is complete and markdown has begun.
On-chain data showing long-term holders reducing positions. When holders who have not moved coins for over 155 days begin transferring to exchanges, it confirms that informed participants are distributing.
A UTAD that reverses quickly on high volume. A failed breakout above the range that traps buyers and reverses within one to three sessions is often the last event before markdown, and a high-confidence short signal for aggressive traders.
Decreasing spread on successive rallies within the range. When each rally produces smaller candle bodies (spread) on similar or declining volume, the market is telling you that buyers are losing conviction with each attempt to push higher.
What is Wyckoff distribution in simple terms? Wyckoff distribution is a phase of the market cycle where large, informed participants gradually sell their holdings to smaller buyers near the top of a trend. Price moves sideways in a trading range while ownership transfers from strong hands to weak hands. Once the selling is complete, price declines.
How long does a Wyckoff distribution phase last? There is no fixed duration. In Bitcoin, distribution phases at major cycle tops have lasted anywhere from several weeks to several months. The duration depends on how much inventory large operators need to sell and how much buying demand exists to absorb it.
Can Wyckoff analysis predict exact Bitcoin price targets? No. The method identifies phases and events that signal shifting supply and demand dynamics. It does not produce numerical price targets. Traders who use Wyckoff typically combine it with other tools, such as support and resistance levels, Fibonacci extensions, or on-chain data, for target estimation.
Is Wyckoff analysis still relevant in the age of algorithmic trading? Yes. Algorithmic trading has changed the speed at which events unfold, but the underlying dynamics of supply and demand have not changed. Large participants still need to build and exit positions without moving the market against themselves, which creates the same behavioral footprints Wyckoff identified a century ago.
What is the difference between Wyckoff distribution and re-accumulation? Both appear as sideways trading ranges after an uptrend. Distribution leads to markdown (price decline), while re-accumulation leads to further markup (price advance). The difference shows in volume behavior: distribution ranges show increasing volume on declines and decreasing volume on rallies, while re-accumulation ranges show the opposite.
How do you confirm a Wyckoff distribution pattern on Bitcoin? Confirmation requires a sign of weakness: a break below the lower boundary of the trading range on significantly increased volume. Until that event occurs, the range could resolve in either direction. On-chain data showing large holders moving coins to exchanges adds a secondary layer of confirmation.
Does Wyckoff work on altcoins? The method works best on liquid assets with reliable volume data. Major altcoins like Ethereum can produce readable Wyckoff structures. Smaller tokens with low liquidity and potentially inflated exchange volume produce unreliable patterns. Volume data quality is the limiting factor.
What timeframe is best for Wyckoff analysis on crypto? Daily charts offer the best balance between signal quality and actionability for major cryptocurrencies. Weekly charts provide important structural context. Timeframes below 4 hours tend to produce excessive noise and false patterns unless the trader has significant experience with the method. This is educational analysis, not investment advice.
Disclaimer: This article is for informational purposes only and does not constitute financial, investment, or trading advice. Cryptocurrency markets carry substantial risk. Always conduct your own research and consult a qualified financial advisor before making investment decisions. Published Aug. 21, 2026.
Bitcoin slid from $79,500 to $77,000 in a move that vaporized $547 million in crypto positions. The retrace, while modest in percentage terms, landed squarely on the most leveraged corner of the market and turned a routine pullback into a liquidation event that ranks among the more painful episodes of 2026.
A short squeeze sets the stage To understand why a 3% dip caused this much carnage, you have to zoom out. Bitcoin had been on a tear throughout August, rallying from lows around $64,000 to $65,000 earlier in the month to briefly touch $79,500. That climb liquidated between $1 billion and $3.5 billion in short positions over various 24-hour windows as bearish traders were systematically squeezed out of their positions.
Advertisement
The $547 million in liquidations tied to the retrace around $77,000 aligned closely with 12-hour data during the spike, according to CoinGlass and other derivatives data aggregators. On platforms like Hyperliquid, individual liquidation events ranged from $23 million to $48 million per trade across various sessions.
When Bitcoin finally paused its ascent and pulled back, traders who had piled into long positions near the top found themselves underwater. The retrace to $77,000 was enough to trigger a cascade of long liquidations that accounted for the bulk of that $547 million figure.
Macro tailwinds fueled the rally The US Treasury announced an expansion of its long-term bond buyback operations, roughly doubling from $2 billion to over $4 billion. Regulatory signals from the Trump administration also played a role, with the administration providing frameworks that favor crypto exchange compliance, giving institutional players more confidence to operate in the space.
2026 has already seen multiple large liquidation cascades, with single days recording $1 billion to over $3 billion in losses across the derivatives landscape. The perpetual futures market, which allows traders to hold leveraged positions indefinitely without an expiration date, has become the primary arena for this kind of volatility, with 50x and 100x leverage available to anyone with a wallet.
What this means for traders The scale of short liquidations during Bitcoin’s climb suggests that a significant portion of bearish positioning has been washed out. That said, the $547 million in liquidations on the retrace demonstrates that the long side can get crowded just as fast. A 3% pullback shouldn’t be existentially threatening to a well-managed position, but when leverage is cranked up high enough, even small moves become lethal.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
U.S.-listed spot Bitcoin and Ether ETFs have attracted $2.61 billion across five trading sessions, recording their strongest combined week since October 2025.
Summary
Spot Bitcoin ETFs received $1.92 billion, accounting for 73% of the combined inflows. Ether ETFs attracted $697.47 million after posting gains during all five sessions. Combined flows improved by $3.01 billion from the previous week’s $391.96 million outflow. BlackRock’s IBIT and ETHA led their respective categories on Aug. 21. Bitcoin ETF inflows reach $1.92 billion SoSoValue data showed that U.S. spot Bitcoin ETFs recorded $307 million in net inflows on Aug. 21, extending their run of positive daily flows to five trading sessions.
BlackRock’s iShares Bitcoin Trust, or IBIT, received $239 million during the final session, accounting for nearly 78% of the daily total. Fidelity’s Wise Origin Bitcoin Fund, or FBTC, ranked second with $30.19 million.
Following Friday’s allocations, IBIT’s cumulative net inflows reached $62.43 billion, while FBTC’s total rose to $10.18 billion. All U.S. spot Bitcoin ETFs held $96.07 billion in net assets, equal to 6.17% of Bitcoin’s market value, according to the data provider.
Friday’s result completed a week in which inflows accelerated as Bitcoin’s price climbed. The funds received $297.56 million on Aug. 17, followed by $189.30 million on Aug. 18 and $517.19 million on Aug. 19. Another $606.29 million entered the products on Aug. 20 before the pace eased to $307 million.
Adding the five sessions produces approximately $1.917 billion in net inflows. Bitcoin funds accounted for about 73% of the $2.615 billion that entered the two leading U.S. crypto ETF categories during the week.
One week earlier, investors had withdrawn $389.7 million from Bitcoin ETFs between Aug. 10 and Aug. 14. The latest result therefore represents a $2.31 billion improvement from one five-day period to the next, rather than a conventional percentage increase because the earlier figure was negative.
During the opening week of August, crypto.news reported a five-day streak that brought $853.5 million into Bitcoin ETFs. BlackRock contributed about $693 million, or 81% of that total, while Ether funds attracted another $244.9 million.
Compared with that period, the latest Bitcoin total was more than twice as large. SoSoValue’s historical weekly series also places the $1.92 billion intake above the $1.42 billion recorded in January, which had been the largest weekly Bitcoin ETF inflow since October 2025.
During the week of Oct. 6 to Oct. 10, 2025, the funds attracted about $2.71 billion. SoSoValue data showed that an even larger $3.24 billion entered Bitcoin ETFs between Sept. 29 and Oct. 3.
Ether ETFs add nearly $700 million SoSoValue’s Ether ETF tracker showed that the products received $185 million on Aug. 21, completing their own five-session inflow run.
BlackRock’s iShares Ethereum Trust ETF, or ETHA, led Friday with $151 million. Grayscale’s Ethereum Mini Trust ETF followed with $11.51 million, lifting its cumulative net inflows to $1.85 billion.
ETHA has now attracted $12.17 billion since its launch. Across the full category, spot Ether ETFs held $14.30 billion in net assets at the end of the session, representing 4.85% of Ethereum’s market value. Historical cumulative net inflows stood at $12.15 billion.
Daily allocations began at $30.85 million on Aug. 17 before rising to $71.47 million on Aug. 18. The products then added $189.15 million on Aug. 19 and $221 million on Aug. 20, followed by Friday’s $185 million.
Together, the five sessions delivered approximately $697.47 million. The total followed a $2.26 million net outflow during the week ending Aug. 14, producing a $699.73 million improvement.
Ether’s latest intake also exceeded the category’s full July result. As previously covered in August, spot Ether ETFs attracted $365 million in July, compared with $205 million for Bitcoin funds. Ether products received more monthly capital than their Bitcoin counterparts for the first time since both categories began trading.
The order changed during the latest week, with Bitcoin again taking most of the new money. Ether still captured about 27% of combined inflows, while both asset groups recorded positive flows during every session.
ETF demand accompanied the Bitcoin and Ether rally Bitcoin’s ETF intake rose as the asset broke out of a six-week trading range. On Aug. 21, Bitcoin cleared $76,000 after gaining about 18% in two days, moving from the low-$60,000 area through resistance at $65,000, $70,000, and $75,000.
CoinGlass data cited in the report showed that almost $3 billion in crypto positions had been liquidated as Bitcoin crossed $70,000, with short positions accounting for most of the losses. The ETF data indicated that demand from U.S.-listed funds accompanied the forced buying in derivatives markets.
Ether also moved above $2,400 during the week after gaining about 18% in one 24-hour period. The advance occurred as Ether ETFs posted their largest daily intake since October 2025 on Aug. 20, when the funds collected $221 million.
Ahead of the final two inflow sessions, Nansen senior research analyst Nicolai Søndergaard attributed Bitcoin’s rise to forced short covering, institutional demand and improved liquidity. LVRG Research Director Nick Ruck cautioned that one strong ETF session would not establish a lasting allocation trend.
“Sustained inflows are unlikely without additional confirmation,” Ruck said at the time. “Until those catalysts develop, inflows will likely remain temporary rather than structural.”
Five consecutive positive sessions have since provided more data than the single inflow day available when Ruck made the comment. SoSoValue’s figures show that Bitcoin and Ether funds collected a combined $2.615 billion during the period, reversing the previous week’s combined $391.96 million withdrawal by about $3.01 billion.
BlackRock captures most of Friday’s demand BlackRock dominated the final session across both categories, receiving a combined $390 million through IBIT and ETHA. The two funds captured about 79% of Friday’s $492 million aggregate Bitcoin and Ether ETF inflows.
IBIT’s $239 million allocation also represented almost four-fifths of the $307 million entering Bitcoin products that day. ETHA accounted for roughly 82% of the $185 million directed toward Ether funds.
By the end of Aug. 21, Bitcoin and Ether ETFs held approximately $110.36 billion in combined net assets. Bitcoin products accounted for $96.07 billion, while Ether products held the remaining $14.30 billion, according to SoSoValue.
Top Loser in Binance's 30-Day Live Futures Trading Closes Out Short Positions, Incurring a Net Loss of $3.46 Million
According to on-chain analyst Ai Yi (handle @ai_9684xtpa)’s monitoring, Binance futures live trading account "Jiujiu Jin" ranks first on the platform’s 24-hour, 7-day, and 30-day loss leaderboards. The account once held a short position of 250 BTC with an average entry price of $63,592, and closed the position at an average price of $77,758.91 at 8:15 AM today, incurring a total loss of $3.46 million.
10 minutes ago
Iraqi President: Some ships carrying Iraqi oil have been cleared to transit the Strait of Hormuz.
According to CCTV News, Iraqi President Amadi stated on the 22nd local time that Iraq had previously held talks with visiting Speaker of Iran's Islamic Parliament Ghalibaf, and conveyed a message to Iran regarding a review of bilateral relations between Iraq and Iran. Amadi also said that some ships carrying Iraqi oil have been granted passage through the Strait of Hormuz. He emphasized that the Iraqi government must engage in dialogue with militia groups, reach mutual understanding, and resolve the weapons control issue through plans that serve Iraq's national and ethnic interests. Amadi added that Iran did not request Iraq to delay its national weapons control process.
10 minutes ago
Jiang Zhuoer: Beware of "serial liquidations" in extreme market conditions, advises using isolated margin mode for high-leverage trading
Jiang Zhuoer, founder of BTC mining pool B.TOP, posted that around 1:10 PM Beijing time today, the entire crypto market experienced a mini flash crash, with BTC, ETH and numerous altcoins seeing notable pin price movements. Even non-crypto assets such as crude oil also synchronized short-term sharp fluctuations. He advised against holding large high-leverage altcoin long positions in a unified account, as under cross-margin mode, a sudden 50% crash in a single coin could lead to insufficient account margin, triggering forced liquidation of other assets in the account. For high-leverage altcoin trading, he recommended using isolated margin mode to separate positions, preventing extreme moves in one coin from affecting the entire account. While isolated margin operations are relatively cumbersome, at minimum, in extreme market conditions, "only one position will be liquidated", reducing the risk of the entire account being wiped out instantly.
10 minutes ago
A mysterious crypto whale took advantage of market momentum to offload 7,700 BTC over the past three days.
According to Lookonchain’s monitoring, a mysterious whale has sold 2,700 BTC again, valued at roughly $211.8 million. The whale has sold a total of 7,700 BTC over the past three days, totaling around $576.6 million.
10 minutes ago
Bitmine’s unrealized losses on its Ethereum positions narrowed to $5.408 billion.
According to the latest holding data from Bitmine, the treasury firm holds a total of 5,815,164 Ether (ETH), with an average cost basis of $3,366 per ETH. At the current ETH price of $2,436, the total unrealized loss on its holdings has narrowed to $5.408 billion, after previously exceeding $10 billion at one point.
10 minutes ago
Iraq confirms some oil tankers have obtained passage permits for the Strait of Hormuz.
According to Al Arabiya TV, the Iraqi President stated: "We discussed with Iranian Parliament Speaker Mohammad Bagher Ghalibaf the issue of re-examining relations between Baghdad and Tehran. Currently, some ships carrying Iraqi oil have indeed been allowed to pass through the Strait of Hormuz. Given the current situation, I believe the United States wants to reach an agreement to end its conflict with Iran. It must be noted that we are among the countries most deeply affected by the war, and the government is doing its utmost to avoid getting involved in it." (Jinshi)
In this week’s edition of the weekly recap, Bitcoin climbed above $72,000 as more than $3 billion in leveraged positions were liquidated, President Donald Trump urged Congress to pass a “fair” CLARITY Act, and the SEC proposed new crypto offering exemptions covering raises of up to $75 million.
Summary
Bitcoin crossed $72,000 as more than $3 billion in leveraged positions were liquidated. Trump urged Congress to pass a “fair” CLARITY Act during a White House event. The SEC proposed crypto offering exemptions covering up to $75 million in annual fundraising. Citi plans to launch institutional Bitcoin custody through its Custody+ platform by year-end. Ethereum climbed above $2,400 as U.S. spot Ether ETFs recorded $189 million in inflows. Bitcoin clears $72,000 during $3 billion short squeeze Bitcoin surged from about $64,100 to more than $72,000 as liquidations across major crypto derivatives exchanges exceeded $3 billion on Aug. 19 and 20. Short positions accounted for approximately $2.77 billion, or 92%, of the forced closures. The move followed the U.S. Treasury’s decision to increase the maximum size of long-dated bond buybacks from $2 billion to at least $4 billion per operation. Binance recorded about $518 million in liquidations, while Hyperliquid processed roughly $513 million. Trump urges Congress to approve a fair CLARITY Act Trump called for a “fair version” of the CLARITY Act during an Aug. 19 White House event attended by executives from Coinbase, Gemini, Ripple, Chainlink Labs and other technology companies. The bill would divide oversight of the U.S. digital asset market between the SEC and CFTC. Senate negotiations remain divided over ethics provisions, decentralized finance and stablecoin rewards ahead of a Sept. 15 procedural vote requiring 60 votes. SEC proposes crypto exemption for raises up to $75 million The SEC proposed two registration exemptions under Regulation Crypto Assets. One pathway would allow eligible issuers to raise up to $5 million over four years, while another would cover up to $75 million during a 12-month period. The proposal also includes a conditional safe harbor that could allow a crypto asset to exit investment-contract treatment after meeting specified conditions. Stakeholders have 60 days to comment, meaning the framework has not taken effect. Citi prepares institutional Bitcoin custody service Citi unveiled its Custody+ platform and said it expects to begin offering institutional digital asset custody later in 2026, starting with Bitcoin. The bank has not disclosed a precise launch date or named participating clients. Custody+ will place cryptocurrency and traditional securities within a shared framework that also supports real-time settlement, liquidity services and market information. Citi said more than 80% of its asset-servicing events are already processed in real time. CFTC prepares crypto rules despite congressional uncertainty CFTC Chair Michael Selig said crypto market structure work would continue even if Congress fails to pass the CLARITY Act. The agency has prepared proposals, although Selig did not identify their content or publication dates. Existing law allows the CFTC to regulate derivatives and pursue fraud in spot commodity markets. Congress would still need to expand the agency’s authority before it could routinely supervise crypto spot exchanges under the broader framework envisioned by the bill. Ethereum reaches $2,448 as ETF inflows return Ethereum rose above $2,400 after gaining more than 20% during the week. ETH reached an Aug. 21 intraday high near $2,448 as short liquidations, broader risk appetite and spot ETF demand supported the breakout. U.S. spot Ether ETFs attracted $189 million on Aug. 19, their highest daily inflow since October. The daily relative strength index reached 86; however, placing ETH in overbought territory as it approached resistance around $2,450. XRP gains 17% as Ripple backs XRPL amendment XRP gained 17% and reached an intraday high of $1.43 as Ripple voted in favor of the PermissionDelegationV1_1 amendment. U.S. spot XRP ETFs recorded $13.24 million in daily net inflows. Seven of the 35 validators on the XRP Ledger’s default Unique Node List supported the amendment at the latest count. The proposal must maintain support above 80% for two continuous weeks before it can become active. Ethena rises 65% following $1 billion FalconX deal Ethena’s ENA token gained about 65% during the week and reached an intraday high near $0.145 after Ethena and FalconX opened a $1 billion overcollateralized lending facility using assets backing USDe. Bullish comments from BitMEX co-founder Arthur Hayes also supported demand, according to crypto.news. ENA’s four-hour relative strength index reached 93.97, indicating that the rapid rally had moved into heavily overbought territory. Securitize launches tokenized high-yield fund Securitize launched the HINC tokenized fund with Neuberger serving as subadvisor. The fund will invest mainly in high-yield bonds while also permitting exposure to collateralized loan obligations and leveraged loans. Tokenized fund interests will be issued across Avalanche, Ethereum, Solana and Sui. Access will remain limited to accredited investors and qualified purchasers who complete Securitize’s identity and compliance checks. FASB proposes stablecoin cash-equivalent treatment The Financial Accounting Standards Board proposed three conditions that could allow U.S. companies to present qualifying stablecoins as cash equivalents without changing the existing definition under generally accepted accounting principles. Eligible stablecoins would require direct on-demand redemption rights and one-to-one reserves held in segregated accounts containing short-term, highly liquid assets. The proposal remains open for public comments until Nov. 19. Swift connects two bank tokenized deposit systems Swift, HSBC and Standard Chartered completed the first live interbank transaction on Swift’s blockchain-based ledger, connecting the banks’ separately operated tokenized deposit platforms. The ledger matched and netted payment obligations before final settlement occurred through existing banking systems. Seventeen banks across six continents have joined Swift’s broader pilot, but the organization has not announced a commercial launch date. X considers USDC for creator payments Elon Musk’s X is considering USDC and other stablecoins as possible payment methods for creators while preparing to replace its existing revenue-sharing program. X has not selected a token or confirmed that stablecoin payments will launch. The platform’s Original Content Rewards program is scheduled to replace Revenue Sharing on Sept. 8. Solana Company opposes inflation and fee proposals Nasdaq-listed Solana Company supported Solana’s proposed constitution but opposed separate plans to accelerate disinflation and change network fees. Voting on the first three Solana Governance Proposals was scheduled to begin Aug. 22. The disinflation proposal could reduce projected issuance by 18.9 million SOL over six years. Solana Company said changing staking and fee rules could discourage institutions, although successful governance votes would guide policy rather than activate the proposals automatically.
Top Loser in Binance's 30-Day Live Futures Trading Closes Out Short Positions, Incurring a Net Loss of $3.46 Million
According to on-chain analyst Ai Yi (handle @ai_9684xtpa)’s monitoring, Binance futures live trading account "Jiujiu Jin" ranks first on the platform’s 24-hour, 7-day, and 30-day loss leaderboards. The account once held a short position of 250 BTC with an average entry price of $63,592, and closed the position at an average price of $77,758.91 at 8:15 AM today, incurring a total loss of $3.46 million.
9 minutes ago
Iraqi President: Some ships carrying Iraqi oil have been cleared to transit the Strait of Hormuz.
According to CCTV News, Iraqi President Amadi stated on the 22nd local time that Iraq had previously held talks with visiting Speaker of Iran's Islamic Parliament Ghalibaf, and conveyed a message to Iran regarding a review of bilateral relations between Iraq and Iran. Amadi also said that some ships carrying Iraqi oil have been granted passage through the Strait of Hormuz. He emphasized that the Iraqi government must engage in dialogue with militia groups, reach mutual understanding, and resolve the weapons control issue through plans that serve Iraq's national and ethnic interests. Amadi added that Iran did not request Iraq to delay its national weapons control process.
9 minutes ago
Jiang Zhuoer: Beware of "serial liquidations" in extreme market conditions, advises using isolated margin mode for high-leverage trading
Jiang Zhuoer, founder of BTC mining pool B.TOP, posted that around 1:10 PM Beijing time today, the entire crypto market experienced a mini flash crash, with BTC, ETH and numerous altcoins seeing notable pin price movements. Even non-crypto assets such as crude oil also synchronized short-term sharp fluctuations. He advised against holding large high-leverage altcoin long positions in a unified account, as under cross-margin mode, a sudden 50% crash in a single coin could lead to insufficient account margin, triggering forced liquidation of other assets in the account. For high-leverage altcoin trading, he recommended using isolated margin mode to separate positions, preventing extreme moves in one coin from affecting the entire account. While isolated margin operations are relatively cumbersome, at minimum, in extreme market conditions, "only one position will be liquidated", reducing the risk of the entire account being wiped out instantly.
9 minutes ago
A mysterious crypto whale took advantage of market momentum to offload 7,700 BTC over the past three days.
According to Lookonchain’s monitoring, a mysterious whale has sold 2,700 BTC again, valued at roughly $211.8 million. The whale has sold a total of 7,700 BTC over the past three days, totaling around $576.6 million.
9 minutes ago
Bitmine’s unrealized losses on its Ethereum positions narrowed to $5.408 billion.
According to the latest holding data from Bitmine, the treasury firm holds a total of 5,815,164 Ether (ETH), with an average cost basis of $3,366 per ETH. At the current ETH price of $2,436, the total unrealized loss on its holdings has narrowed to $5.408 billion, after previously exceeding $10 billion at one point.
9 minutes ago
Iraq confirms some oil tankers have obtained passage permits for the Strait of Hormuz.
According to Al Arabiya TV, the Iraqi President stated: "We discussed with Iranian Parliament Speaker Mohammad Bagher Ghalibaf the issue of re-examining relations between Baghdad and Tehran. Currently, some ships carrying Iraqi oil have indeed been allowed to pass through the Strait of Hormuz. Given the current situation, I believe the United States wants to reach an agreement to end its conflict with Iran. It must be noted that we are among the countries most deeply affected by the war, and the government is doing its utmost to avoid getting involved in it." (Jinshi)
Ray Dalio, founder of Bridgewater Associates and a billionaire investor, stated that the rapid increase in global debt poses a growing risk for investors, and that more weight should be given to assets such as gold and Bitcoin.
According to Dalio, recent movements in the US Treasury bond market indicate that the long-term “Big Debt Cycle” has entered its advanced stages. As government borrowing increases, more bonds are being supplied to the market, but investor demand is not increasing at the same rate, putting pressure on interest rates and currencies.
The renowned investor argued that if debt burdens continue to rise, governments may face two difficult choices. The first is to keep interest rates high to increase demand for bonds, thereby suppressing economic growth. The other option is for central banks to create more money, resulting in a weakening of the purchasing power of currencies.
Dalio stated that the US federal debt has reached approximately $32 trillion, with annual interest payments amounting to around $1 trillion. He predicted that if current trends continue without significant policy changes, the US debt could rise to $55-60 trillion within the next 10 years.
In this risky environment, Dalio advises investors to diversify their portfolios across different asset classes and countries, particularly emphasizing the need to invest in economies with strong income structures and robust balance sheets. He suggests reducing the weight of debt instruments like bonds in portfolios, while conversely increasing positions in gold and a limited amount of Bitcoin.
Dalio argued that allocating approximately 10-15% of a portfolio to Bitcoin could reduce overall risk and positively impact returns. Regarding Bitcoin, he adopted a more cautious approach, recommending that only a small portion of the portfolio be allocated to it.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Key Highlights Bitcoin climbed approximately 25% this week, reaching nearly $80,000 following expanded U.S. Treasury buyback operations on long-term bonds Approximately $4 billion worth of short positions in cryptocurrency markets faced forced liquidation amid the price surge U.S. spot Bitcoin ETFs recorded $1.6 billion in net inflows over the past week Strategy’s 840,447 BTC position has returned to profitability with more than $2 billion in unrealized gains Market analysts attribute the rally partially to a historic short squeeze alongside improving macroeconomic factors Bitcoin experienced a significant rally this week, climbing approximately 25% to surpass $78,000 and briefly touching $79,500, following a strategic policy adjustment by the U.S. Treasury that helped ease long-term government bond yields from nearly two-decade peaks.
Bitcoin (BTC) Price The Treasury Department revealed plans to expand its buyback program for longer-maturity government securities, increasing the purchase amount to $4 billion per operation—double the previous $2 billion level. This policy change contributed to a decline in the 30-year Treasury yield from 5.34% to approximately 5.19%.
BREAKING: US Treasury Secretary Bessent says Treasury buybacks announced yesterday could now MORE than double, exceeding $4 billion per operation.
Bessent said buybacks will increase “by at least double,” adding, “we have a big toolkit, so we’ll see.”
This comes just hours… https://t.co/SLNs0MfTgD
— The Kobeissi Letter (@KobeissiLetter) August 20, 2026
The announcement catalyzed significant forced buying activity as bearish market participants faced liquidation. Approximately $4 billion in short cryptocurrency positions were forcibly closed during Thursday and Friday trading sessions.
Market observers provided perspective on the price movement. Shawn Young, chief analyst at MEXC Research, remarked that “The Treasury opened a pressure valve, and crypto priced it like a regime change.” He cautioned that Bitcoin’s advance toward $70,000 may be premature considering Treasury yields remain near 5%.
Jeff Ko, chief analyst at CoinEx, characterized the buyback announcement as “a signal, a soft policy put on the long end,” emphasizing that it doesn’t represent a fundamental transformation in financial conditions and shouldn’t be confused with quantitative easing.
Spot ETF Demand Surges U.S. spot Bitcoin exchange-traded funds registered $1.6 billion in net inflows throughout the week. BlackRock’s IBIT fund alone attracted $503 million on Thursday. Total ETF assets under management increased above $85 billion, up from approximately $70 billion in June.
Market analyst Ted Pillows highlighted on X that ETFs accumulated $1.92 billion worth of BTC this week—representing the strongest weekly inflow since October 2025. He emphasized that Bitcoin successfully breached multiple significant resistance levels, with the $78,000–$80,000 zone emerging as the crucial range to monitor. Sustained trading above this level, according to Pillows, would signal the conclusion of the bear market.
$BTC weekly candle is just insane.
Breaking above every resistance level like it's nothing.
Now, Bitcoin is moving towards its $78,000-$80,000 resistance zone.
A reclaim of this will confirm the end of this bear market. pic.twitter.com/lxvivlLMkb
— Ted (@TedPillows) August 21, 2026
Financial research firm Bernstein connected the price recovery to enhanced market liquidity, renewed ETF demand, and a more favorable regulatory environment. Their analysts anticipate expedited SEC and CFTC regulatory development in areas including tokenized securities and prediction markets.
Strategy’s Bitcoin Position Returns to Profit Strategy maintains a position of 840,447 BTC bought at an average cost basis of $75,385. With Bitcoin trading near $78,000, the company’s holdings show an unrealized gain exceeding $2 billion.
The company recently divested approximately 0.8% of its Bitcoin holdings to fund dividends and repurchase programs for its STRC preferred shares. Bernstein analysts project that Strategy will resume acquisition activity as STRC approaches its $100 nominal valuation.
Ko identified Bitcoin’s 200-day moving average, positioned near $69,000, as a critical technical benchmark. Bitcoin has successfully cleared this threshold and must maintain support above it while competing against government bonds offering nearly 5% yields to investors.
