Bitcoin (BTC) — Onchain News & Whale Tracking

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Renowned crypto trader Killa posted a statement yesterday, noting that compared to Bitcoin’s 2022 bottom pattern, he expects the current Bitcoin pullback after a rally to be shallow, with $70,000 to $73,000 likely marking the bottom, and backing a subsequent breakout above the $80,000 mark. “I expect a range to form, allowing accumulation of long positions from chasing highs and liquidity building. The market may even see another liquidation sweep above $79,500 before finally heading toward the $70,000 low, followed by expansion,” Killa said. As a BTC-focused quantitative trader, Killa previously predicted the peak of this bull market in May 2025 and boasts over 200,000 followers on X. In mid-April, he shorted Bitcoin at $74,688, then shifted to long positions during the broad market sell-off on June 5.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin falls below $76,000.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Bitcoin briefly dropped below $77,000.

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

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

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

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

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

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

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

Bitcoin surges strongly, breaking through $78,000.

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

Bitcoin briefly breaks through $77,000.

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

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

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

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

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

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

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

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

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