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DOGE's recent surge is a textbook whale trap: first sweeping stop losses on short positions between 0.071–0.076, then a spike up to 0.0835, with social media shouting "breakout" to lure retail investors to chase higher.
On-chain data shows an average buy-in at 0.0835, with all the chasing volume buried above; old whales' semi-dormant addresses are transferring coins to exchanges, and spot taker sell volume is outweighing buy volume.
60%–70% of circulating supply is held by fewer than 200 giant whales. This is not a resistance breakout but a liquidity-driven dump to rescue positions.
Chasing above 0.0835 means paying whales a bailout fee; only if the price holds above 0.071 on the pullback is it worth watching.Yili Hua: Bitcoin Has Ended the Bear Market Trend, Still Bullish for the Next Two Weeks
Yili Hua, founder of Liquid Capital (formerly LD Capital), wrote that since judging the rebound ended in May, his main focus over the past two months has been one thing: July to August may be the last bottom-fishing opportunity for this BTC cycle. With Bitcoin's daily chart strongly breaking through the 120-day and 200-day moving averages, and the weekly chart breaking through the 20-week moving average, the BTC bear market trend has officially ended.
He stated that the market is still bullish for the next two weeks, but a pullback may occur after rising to a certain level. The subsequent pullback will not exceed 50% of the rise. If investors use leverage, it is recommended to close long positions and refer to the weekly chart trends and pullback ranges during the 2023 bull cycle.
In this cycle, Bitcoin fell from a high of 126,000 USD to 57,000 USD, a maximum drop of about 56%. He believes this drop has formed a cycle low, and it will be difficult for the market to see BTC prices starting with 50,000 USD again.$BTC 我刚才又用浮盈分批加了数次仓。 先说结论：这次并非毫无逻辑，但逻辑只完成了一半——方向有依据，位置偏激进，风险结构明显恶化，盈亏比也不合格。 从行情看，1小时和15分钟均线仍保持多头排列，PDI明显高于MDI，趋势暂未反转；5分钟价格也还守在WMA20附近。因此，我顺着趋势加仓并不是逆势赌博。 但问题出在时机。 这次加仓发生在75,200—75,300阻力区附近，15分钟一度冲到75,494后快速回落，说明上方抛压并没有被真正消化。与此同时，1小时RSI约76.5，属于强势但偏热的状态。此时加仓，更像是在前高下方抢突破，而不是等突破确认后的回踩。 仓位变化更值得警惕： 原仓位名义金额约19,230，追加后扩大到约32,092，增幅接近67%；开仓均价从约75,188.9抬升至75,213.8，盈亏平衡价升至约75,289.2。 最关键的是，强平线从73,759.9上移到了74,510.4。 按当前75,130附近计算，原来的强平缓冲约1,370点，现在只剩约620点，安全空间缩小了大约55%。我表面上是在用浮盈加仓，实际上是把已经获得的安全垫重新交还给市场。 浮盈从来不是“🚀 $DOGE — LONG SETUP 🟢
📍 Entry: 0.08256
🎯 TP1: 0.08450
🎯 TP2: 0.08700
🎯 TP3: 0.09100
🛑 SL: 0.07950
The bullish structure remains intact as buyers defend the entry zone. A renewed momentum push could send DOGE toward the next resistance levels. Stay disciplined and manage risk.#BTCRallyOrSqueeze #AnthropicIPONears #PopMartEarningsWatch BTC just ripped from $64K to $73K, while ETH pushed above $2,340. And the liquidation numbers are insane: around $3.3B wiped out, with shorts making up roughly 92% of the damage. 🔥
But don’t get trapped by the “$160B entered the market” narrative.
This looks much more like a massive short squeeze than a wave of fresh spot capital. Forced short covering can make the chart look unstoppable—until the forced buying runs out.
#BTCRallyOrSqueeze #AnthropicIPONears #PopMartEarningsWatch #BTC accelerating its rise, can the funds continue to take over?
I think the current wave of rally has a somewhat shaky fund relay.
Rising from 64,000 to 75,000 in three days looks fierce, but I think it’s more like shorts being collectively buried (over $3 billion in short liquidations), pushed up by passive buying, not real money chasing.
Several key signals are not good:
1. No significant new long positions entering in perpetual contracts, the short squeeze engine is about to stall.
2. On the ETF side, although over $500 million flowed in a single day, overall it’s still at a floating loss (average price around 82,000), so the pressure to sell to break even remains.
3. Short-term holders have already started transferring coins to exchanges to lock in profits.
Trading suggestions:
- Bitcoin: Don’t chase the highs. I think a light long position can be tried on a pullback to the 70,400-70,800 range, targeting around 72,500, with a firm stop loss below 69,500.
- Ethereum: Follow Bitcoin but with greater volatility. If Bitcoin holds steady, Ethereum’s support near 2,200 can be watched for a rebound.
Next, focus on spot buying and ETF net inflows; if they don’t pick up, this wave is likely just a pulse move.
$BTC $ETH #Bitcoin broke through $70,000 on August 20, reaching a new high since early June, and once climbed above $72,000. As of August 21, BTC's highest point reached about $73,800, with a weekly increase expanding to about 17%.
🚀 Why the sudden surge?
1. U.S. Treasury repo lowers long-term yields
The U.S. Treasury announced an expansion of long-term Treasury repos, causing the 30-year yield to fall from its high. The decline in interest rates improves liquidity expectations, attracting funds to "hard assets" like gold and Bitcoin.
2. Trump strengthens crypto policy expectations
Trump urged Congress to advance the CLARITY Act and signaled the government might further purchase Bitcoin, significantly reducing market uncertainty about U.S. crypto regulation.
3. Short sellers forced to cover, accelerating the rise
After BTC broke through key round-number resistance, a large number of short stops/liquidations were triggered, further amplifying the rally. Data shows daily crypto market short liquidations reached billions of dollars. #BTC加速拉升，资金还能继续接力吗？ $BTC $ETH $SOL $BTC BTC accelerates its rally, can the funds continue to take over? Personal opinion
BTC has entered a short-term accelerated rally phase, with the market showing obvious short squeeze characteristics. A large number of short positions have been liquidated, passively pushing up the coin price, which has quickly warmed the overall market risk sentiment. However, whether the rally can continue depends not on the short-term gains but on whether incremental funds can take over the baton after the short squeeze.
Part of the momentum for this round of rise comes from short covering. A large number of previously accumulated short orders were triggered for forced liquidation at key resistance levels, and the buybacks from closing positions created a positive feedback loop that amplified the gains. This is a battle of existing funds, not a new influx of long positions. The encouraging sign is that spot ETFs have seen a phase of inflows, with large net inflows in a single day, and institutional buying has returned, providing real support for the market. But it is important to distinguish that a single-day large inflow is different from sustained capital entry; one large inflow cannot be equated directly with a complete reversal of the capital trend.
Currently, the market has formed obvious divergences. The optimistic view holds that regulatory bill expectations combined with marginal easing of macro inflation, loosening of high US Treasury yields, and reopening of the crypto asset allocation window will lead to ETF funds warming up and starting a new main upward trend. The cautious view warns that after the short squeeze rally, a large amount of short positions have been cleared, and there are no more shorts to provide passive buying. If ETF inflows quickly decline, it will be difficult to maintain the high levels relying only on retail sentiment, and after short-term overbought conditions, a profit-taking pullback pressure may come at any time. #BTC加速拉升，资金还能继续接力吗？ There might be some good news for those looking to withdraw funds; you might want to wait a little longer.
┈➤ 800 billion RMB is about to be selectively released.
First, this is not QE, nor is it a liquidity injection. But the funds come from idle commercial bank reserves, so there will be some liquidity released.
Second, the scale of 800 billion RMB is quite small, so its impact on the exchange rate will be minimal.
Third, this portion of funds is targeted for the AI and digital economy sectors, so it may not flow into the international market.
Fourth, however, this could have some effect on market sentiment and expectations.
To recall, last year this policy-driven fund release started in late September and was completed by the end of October. At the same time, the Fed cut interest rates in September last year, with expectations of further cuts in Q4. Between September 24 and October 24 last year, the USD/CNY exchange rate did see a slight upward movement.
Last year 500 billion was released; this year it's 800 billion. The US is unlikely to cut rates this year.
┈➤ The US Treasury is accelerating the buyback of US debt.
From September 9 to November 4, this action, while not enough to completely reverse the dollar's trend, should have some short-term impact.
┈➤ The trend of USDT
Last year, U/USD traded mostly at a premium; this year, it has mostly been at a discount. The price of U is also related to market conditions. BTC has broken $75,000, and USDT is also showing an upward trend.
In summary, U is not guaranteed to rise 100%, but at least in the short term (within one month), it should stabilize.After the rapid surge and celebration of BTC, how much longer can the funds continue to follow through?
$BTC #BTC加速拉升，资金还能继续接力吗？
The low-volatility market that had been silent for months was completely ended overnight.
BTC powerfully broke through multiple layers of resistance, standing above the $75,000 mark, tearing apart the long-term narrow-range consolidation pattern. The most direct driver of this surge was a large-scale short squeeze, with nearly $3 billion liquidated across the entire network within 24 hours. A large number of crowded short positions were forced to stop losses, causing passive buying to flood in and forcibly pushing the price higher.
The positive factors are not limited to contract short squeezes; spot funds have already genuinely flowed back. On August 19, the net inflow of BTC+ETH spot ETFs in the US market reached as high as $706 million in a single day. Institutional buying, absent for a long time, re-entered the market, laying a spot foundation for this round of rise, no longer just a fleeting spike driven by contract leverage.
However, market divergences are now fully exposed:
Some are confident this is a trend recovery brought by a regulatory turning point and liquidity warming, with the consolidation bottom completely finished and a new upward cycle beginning;
Others remain highly cautious, believing this is merely a short-term overextension of a squeeze. Once the shorts are fully liquidated, without new funds to follow, volume will lag, profit-taking at high levels will occur, and the market could easily see a significant pullback.
We need to recognize two core key points:
1. The first wave of this rally was mostly driven by short covering. Now that many low-position shorts have exited, continuing strength must rely on sustained net inflows from ETFs, incremental stablecoin funds, and retail off-exchange capital working together.
2. If volume continues to shrink and market heat fades, the long-position leverage accumulated at high levels will become the fuse for a new round of intense volatility, greatly increasing the risk of a sharp pullback after the surge.
Core practical strategy for the future:
Do not blindly chase the acceleration. Holders should gradually set break-even stop profits to protect hard-earned gains; observers need not rush to enter, but wait for a pullback to key support and clear volume structure before judging opportunities.
The celebration will eventually pause. The faster the market moves, the more we need to steady the pace and rationally view this surge, avoiding letting short-term frenzy disrupt trading rhythm.
Risk reminder: The content is for market analysis and communication only and does not constitute any investment advice Market Observation:
Such consistent ETF net inflows haven't been seen for a long time.
I was focused on watching the market, trading, and chasing news the past few days, which made me overlook the ETF capital flows.
Looking back, before BTC started on August 19, there was actually a very clear signal:
BTC, ETH, and SOL all showed ETF net inflows simultaneously.
And around 8 PM that same day, BTC officially started its move.
Looking back today, the signal has become even clearer.
Besides BTC, ETH, and SOL, related ETF funds like HYPE, LINK, DOGE, and XRP have also successively shown net inflows.
ETF Signal:
The key is not how much capital flows into a single coin, but that the funds are starting to show directional consistency.
This phenomenon often appears when market risk appetite noticeably warms up and capital re-embraces crypto assets.
Of course, ETF net inflows don't mean the market will only rise without falling, but at least it shows institutional funds are not clearly retreating and are instead supporting trend continuation.
Capital Flow:
Overall, current funds show a certain resonance characteristic:
* BTC, ETH, and SOL are the first to show sustained net inflows
* Then it spreads to mainstream and hot assets like HYPE, LINK, DOGE, and XRP
* Funds are no longer acting on isolated points but flowing synchronously at the sector level
This "diffusive inflow" usually means market sentiment is shifting from cautious to positive.
Trading Strategy:
So my core idea at this stage is simple:
$BTC $OKB $SOL
Do not short against the trend.
Do not short against the trend.
Do not short against the trend.
Unless there is a clear reversal signal on the chart, there is no need to easily bet on a top due to short-term fluctuations.
Operationally, I prefer to wait for BTC to pull back before going long:
* Small divergence, watch for support
* Large divergence, wait for a second test
* After confirming the second test, wait for consolidation breakout
As long as the trend is intact, following the trend is more important than guessing the top.
The above is only my personal trading record and market observation #BTC加速拉升，资金还能继续接力吗？ Ford in 2026 is doing something very similar to what it did 120 years ago: moving mature manufacturing capabilities into a newly emerging large market. This time, the target is no longer limited to automobiles. In May this year, Ford officially launched Ford Energy, planning to invest about $2 billion to convert existing battery capacity in Kentucky into an energy storage system factory, with deliveries starting at the end of 2027 and a target annual capacity of at least 20 GWh. Customers include power companies, data centers, and large industrial enterprises. Subsequently, it signed a five-year framework agreement with EDF Power Solutions, under which the latter can purchase up to 4 GWh annually, with a potential total of 20 GWh over five years. AI data centers compete for electricity, and the global grid needs to absorb more wind and solar power; energy storage has transformed from a new energy accessory to a fundamental infrastructure for the digital economy. Battery factories, once burdened by electric vehicle investments, now have an outlet toward AI capital expenditures. Ford's revenue in Q2 this year was $48.3 billion, with adjusted EBIT of $2.5 billion, a 17% year-over-year increase; adjusted free cash flow was $2.1 billion, and total liquidity exceeded $43 billion. The company also raised its full-year 2026 adjusted EBIT guidance to $10 billion to $11 billion. These figures look like the normal financial report of a long-established industrial company. Rewind to 2008, Ford was uncertain even whether it could keep the blue oval trademark. The king of assembly lines was first trapped by its own scale. 1908Reasons for Bitcoin's surge! Found it!!! $BTC
This wave seems inexplicable but is actually the result of three combined factors:
1. Too many shorts, this wave directly turned into a short squeeze
In the past few months, Bitcoin fell from $126,000 to just over $60,000, with almost every rebound being crushed.
After such a long decline, the market formed a very consistent consensus:
A rebound means shorting.
So short positions became increasingly crowded, and leverage piled up higher and higher.
The problem is, when everyone is shorting, little do they realize that forced liquidation = buying to close long positions = pushing prices up 📈
After BTC broke through, the first batch of high-leverage shorts started liquidating. Short liquidations mean the trading platform must buy back BTC to close positions, so:
Price rises → short liquidations → forced buying → continued rise → more short liquidations. 🫣
⸻
2. A bigger catalyst from the U.S. Treasury
Recently, long-term U.S. Treasury yields surged, and the market's biggest concern was tightening liquidity.
As a result, the U.S. Treasury announced that starting September 9, the single liquidity support repo limit for bonds over 10 years will be raised from $2 billion to at least $4 billion, continuing until early November.
This move actually injects liquidity into the market:
Treasury yields fall → dollar weakens → U.S. stocks (risk assets) rise → cryptocurrencies rise. 📈
The reason is simple: when bank interest rates are high, you don't want to invest in risk assets; conversely, low bank interest rates force you to invest and consume 🤓
⸻
3. Trump's late-stage move 🤨
Trump met with crypto industry executives from Coinbase, Payward, Blockchain, etc., at the White House, reiterating the push to make the U.S. a global digital asset hub.
The SEC also proposed new crypto asset regulations: digital asset projects raising less than xxx in the U.S. are not considered illegal fundraising 🤡
What further stimulated the market was:
Trump said he would consider the regulators' suggestion for the government to increase Bitcoin holdings.
Whether this will actually happen remains to be seen, but for market sentiment, the signal is already clear:
U.S. policy toward Crypto is still moving in a more friendly direction.
Believe in Trump's TACO!!!First, SK Hynix pushed 24.07 million shares onto the board, betting on a sacrifice: 40 trillion KRW is not an expense, but an added permanently mobile pawn chain for the opponent's camp. On Samsung's side, the 9.8 trillion annual dividend is just a routine king-side castling; the real killer move is hidden in the phrase "50% return on cumulative FCF over three years"—that's the promotion tactic buried in the rear pawn formation.
Where is the game? The middle game. AI memory demand is like a pawn advancing straight down the file, its speed changing the entire board's valuation coordinates. Market rumors say Samsung holds a plan worth hundreds of trillions, but the official line is "under review, no set timeline." A grandmaster hears this as: before the real move, he has already chosen his straight flush in the endgame.
Amateurs ask: "Can cash flow simultaneously feed expansion and returns?" Professionals only watch the clock and ask another question: who will transform first in this move?
SK Hynix chooses this moment to cancel capital stock, like actively exchanging the queen in the center, simplifying the board into a king-and-pawn endgame with mutual restrictions; Samsung refuses to reveal its bottom cards, using two bishops to guard two diagonals, luring the opponent's pawns past the fourth rank before counter-capturing. Cash flow is equivalent to initiative: if you don't stack it into offense, it becomes a lone rear pawn you must constantly defend.
And the AI storage board always has only sixty-four squares. The two giants suppress each other on the same pawn chain; one raises its valuation through buybacks, the other stabilizes the king's castle with dividends. Capital only watches who checkmates first. If that hundred-trillion plan is real, it's Samsung's long check cycle; if just a rumor, SK Hynix's sacrificed piece will become a textbook example. Professionals don't predict; they only choose in which endgame to finish.
Samsung is still thinking long. But thinking long is not waiting.
Those afraid to die open with a pawn move; those who will win blindly reach for the pawn about to promote. #SamsungToFollowHynix The barricades still hang the sign "Hot-selling Global Assets," but the safes in the underground vault have already started to pull back—the foreign official institutions added 16 billion to the Fed's foreign reverse repo pool within a week, pushing the total to 373 billion, the highest level since October 2022. This skyscraper called the "Global Financial System" is undergoing a visibly noticeable load transfer. Structural engineers know well that the most dangerous signal in inspection reports is never the swaying of the wind but a sudden change in the moisture content of the foundation soil.
This 56 billion USD is like an undercurrent flushed out from your home's toilet, not flowing into anyone's renovation budget. The foreign reverse repo tool is a settlement observation point only understood by the Fed's forty-year-old supervisors. International major owners who don't buy US bonds, don't dismantle physical projects, and don't increase holdings in money market funds, but put money intact into the reverse repo cement tank, are telling the market: "Brothers, I'm not starting construction; your tower cranes on the site can spin freely, but my money is going back to the safe vault to chill with the air conditioning."
Builders call this a "structural shift in capital risk aversion." The global USD liquidity construction site has underground pipelines more intricate than the blueprints. When the FIMA reverse repo pool doesn't rise, those dollars are working as labor and building materials elsewhere; now, adding 56 billion back in a week means the safety cushion of the entire peripheral market has been pulled away by three inches. Look at those so-called "strong stocks" and "tokenized US equity" K-lines still drawing beautiful load-bearing column patterns, but their reinforcement ratios are quietly being downgraded.
Some will tell you "this is just cash reallocation by foreign official institutions, not affecting US domestic liquidity," which is like a construction foreman explaining to the owner why the rebar spacing exceeds the code. The Fed's balance sheet of over 30 trillion and nearly 400 billion in reverse repo balances are like the lateral pressure on your basement's retaining wall—it doesn't care which side the wall faces, only whether water has entered the soil inside. Where the money flows out from, and under what name it is deposited, affects the equivalent seismic rating of the entire risk asset.
For targets like $xAMZN, watching its daily chart is like standing on an unfinished floor looking at the skyline: a panoramic view of urban sentiment. But we builders don't look at the curtain wall reflections; on rainy days, we touch the moisture of the load-bearing walls. That 56 billion is the first rain. When the basement water level rises, all projects claiming "deep foundations" must re-enter the site for pile foundation testing. Foreign central banks' USD cash is the world's most sensitive design reviewer; they pull funds back from all other options and stack them in the Fed's steel-reinforced safe—translated into engineering language, this action is a "design change": the reinforcement acceptance of peripheral assets was downgraded by one seismic intensity overnight.
So don't just look at the brightly lit tower cranes above ground; look at how much force the underground anchor plates are bearing. The 373 billion reverse repo balance is not observation data; it is water poured into the settlement box of the entire building. The water level is still rising.
#ImpactCycle·Monthly #MacroLiquidity·ForeignRRP #$3,730B·TwoWeeks+$56B #fearandgreedindex$ENA surged significantly today. Many people might wonder why this coin is rising so sharply. Essentially, it's because the crypto market is currently on the rise. $ENA earns funding fees; when the market is good, shorts pay higher fees, and when the market is weak, shorts pay lower fees. If you believe the market will continue to rise, you can definitely chase this coin higher. If you think the market won't continue to rise, then chasing it now is not a very wise move. —————————————————— Let's look at its contract data. We can see that its open interest is continuously increasing, but the long-short ratio is steadily decreasing. This means that currently, a large amount of capital is shorting. Looking at a longer timeframe, we find that the long-short ratio has dropped to a very low bottom, while open interest has risen to a very high level. This indicates that the market sentiment is dominated by shorts at the moment. Under these circumstances, chasing higher is not recommended. —————————————————— I don't want to chase $ENA higher. There are two reasons. One is that I don't believe the market will keep rising, and the other is that the current market sentiment is bearish. I also don't want to short this coin because it hasn't risen much at all—only about twenty to thirty points from the bottom to this level. Shorting wouldn't yield much profit.I firmly hold $UNI and $AAVE — buying on dips and holding all the way until the bull market arrives, aiming for at least 50 to 100 times returns. This is my last chance to turn my life around; I must control my impulses, control my impulses, and control my impulses again. If I miss this highly certain opportunity again, there might really be no next time in this lifetime. I need to keep a steady mindset and must not be scared away by the panic of the bear market or give up halfway. This statement is very representative in the retail investor community, but as market observers, we need to calmly analyze it. First, the expectation of 50 to 100 times is based on the dual assumptions that "a bull market will inevitably come" and "the selected tokens will outperform the market." Historical data shows that blue-chip DeFi protocols like UNI and AAVE did experience several tens of times gains in the last bull market, but that was starting from a very low market cap and accompanied by explosive growth of the entire ecosystem. Their current market cap base is already much larger, making it geometrically more difficult to replicate the same multiples. Second, "buying on dips" sounds simple but is extremely challenging to execute with discipline. The true bottom is often only known in hindsight; buying the bottom halfway up the mountain is the norm. This investor repeatedly emphasizes "controlling impulses," which precisely indicates that emotional management is the biggest enemy. Every rebound in a bear market can be a trap, and every crash can be a golden opportunity. Without a strategy based on fundamentals and risk tolerance, relying solely on willpower to endure can easily lead to collapse before dawn. From a fundamental perspective, UNI andIn my opinion, the most noteworthy news about Nvidia recently is not how many chips it has sold again, but that it is trying to transform "computing power" into a type of infrastructure asset that Wall Street is willing to finance long-term. If this change really works, Nvidia will no longer be just an equipment supplier but will increasingly resemble one of the designers of the entire AI capital expenditure cycle. On August 10, Nvidia announced the establishment of an independent computing power financing platform with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR, aiming to gradually mobilize over $500 billion of third-party capital in the future to build AI infrastructure. To clarify the most easily misunderstood point first: this is not $500 billion already deposited into Nvidia's account, nor is it confirmed sales revenue. The official statement is that multiple platforms will "mobilize" capital in the future, and each specific project still requires independent evaluation by financiers regarding customers, utilization, cash flow, and residual value. My judgment is that this arrangement truly solves the payment method for AI data centers. In the past, customers had to first put up huge capital to purchase servers, land, power, and cooling systems; if computing power equipment can be packaged like airplanes, logistics warehouses, or energy projects into assets with long-term contracts and predictable usage fees, then builders can break down the one-time huge expenditure into longer-term financing. Lower financing thresholds will allow more projects to start earlier and may also partiallyThe four-year cycle investment logic of Bitcoin is actually very simple
Prepare some money you don't need, buy BTC 500 days before each halving, and then sell 500 days after the BTC halving.
Repeat this, and your assets can multiply about 5 times every four years.
Don't underestimate this 5x; compared to real-world physical industries, it's already very good.
$BTC
From a technical perspective, the 200-week MA of $BTC can be simply understood as BTC's intrinsic value. This value was still 58,000 in February, and now at the end of July, it has reached 63,500, an increase of about 10%. Does this mean the risk of missing out at 52,000 is increasing? So I suggest retail investors do dollar-cost averaging.
#BTC加速拉升，资金还能继续接力吗？ Anthropic’s IPO case appears to rest on a sharp tension: rapidly scaling enterprise demand versus the economics of supplying compute-intensive AI. Preliminary Q2 revenue above $11.5B and positive adjusted operating profit strengthen the operating narrative, but a projected 2025 net loss near $42B keeps cash efficiency central.
A raise rivaling SpaceX’s record would imply investors are underwriting durable margin expansion, not revenue growth alone. The decisive evidence will be whether enterprise monetization can outpace compute costs as scale rises. Not advice, just analysis.
#AnthropicIPONears🚀Market Outlook for Noon on 8.21🚀
$ETH Strategy:
ETH broke through 2361 with volume on the right side, go long, then retract stop loss.
2311 broke down with volume on the right side, go short with a good stop loss. Retest 2248 to confirm support is valid, add one more long, stop loss if it breaks 2219.
ETH hourly level holds above 2361, looking up to 2387-2426.
Watch for a short position at 2426 above ETH,
stop loss if it breaks 2464.
Left-side spike orders: long at 2177, stop loss if it breaks 2144.
Resistance above: 2361-2387-2426
Support below: 2311-2248-2219
4-hour level breaks 2311, looking down to 2248-2219.
ETH’s triangle pattern has been broken; now watch if ETH can hold the upper boundary of the triangle on the retest. If it holds, expect consolidation between 2358-2289. Only if it falls back inside the triangle is there a chance for a pullback, watch around 2220. Once ETH breaks 2358, it should head straight to 2428! Meeting adjourned.
$DOGE $BTC
#白宫峰会：特朗普称曾讨论购入BTC # Market Update - Aug 21
btc = ">70K"
sol_price = 89.86
ma_stack = [88.26, 86.69, 81.98] # MA5 > MA10 > MA20
if sol_price > all(ma_stack):
trend = "BULLISH"
target = 95
print("SOL to $100 loading? 👀🚀")The $2.6B Solar Roof Fiction
Unveiled on Desperate Housewives with nonworking tiles, marketed to shareholders as a $2.6B $SCTY bailout, and promised at 1,000 roofs a week.
Reality? Roughly 3,000 roofs ever installed—then the numbers disappeared.
Now $TSLA is burying the story.
@GLJ_Research called it unfeasible from day one.
The hype was massive. The roofs weren’t.
#DailyOrbit I doubted 72,000 yesterday, and today BTC stands above 75,000: this time I should admit I was wrong
Yesterday, I took the volume contraction near 72,000 as bearish evidence. Today BTC has reached 75,413, up 8.37% in 24 hours, and I was slow in judging the direction.
But the volume-price divergence still exists: the current trading volume has shrunk by 33.8% compared to the previous window, and the funding rate is only +0.0061%. I will downgrade "volume contraction" from a veto factor to a warning; as long as BTC can continue to hold above 75,000, this breakout should no longer be blocked by old logic.
Would you now reclassify this as a true breakout, or continue to wait for volume? Just give one condition that would make you change your judgment.
Crypto assets are high risk, this article does not constitute investment advice, purely personal opinion.
#OKX星球 #BTC #BTC accelerating its rise, can the funds continue to take over?
Has the bull market really returned? In my view, it has. BTC and ETH have already reversed the three-stage weekly downtrend. From a macro perspective, although US inflation is still above the 2% target, it has significantly declined compared to before. The US-Iran war has also entered the final bickering phase. The strong rally in the market at this time directly reverses the downtrend, paving the way for the upcoming rate cut cycle. Unless a black swan event occurs, the probability of a continued downtrend is almost zero. Around 60,000 is likely the bottom range for this cycle. Looking back at historical trends, before the 2024 US midterm elections, BTC also took off strongly from around 68,000, with almost no pullback, rising directly to about 100,000. The current stage is somewhat similar, but this does not mean chasing highs at this position. This is just the initial sign. Whether it will truly follow the prediction remains to be seen. What can be confirmed is that the downtrend has been reversed, but the rise is not a straight line. There will still be aftershocks. If it rises too much in a short time, a pullback is certain. You need to catch the point where the upward momentum weakens, not just when it has risen by a certain amount and should fall. For a pullback, 68,000-70,000 is a very critical zone. Overall, the mindset of shorting every small rise in a bear market needs to shift. Buying low-leverage long positions on dips might be more appropriate. $BTC 📊 $OKB Contract Liquidation Express (August 21)
Bulls and bears completed a strong-weak reversal within 4 hours; bears controlled the market for 12 hours but momentum collapsed; bears had a second outbreak at 24 hours establishing full suppression, with cumulative liquidations exceeding $100,000...
Time Total Liquidations Long Liquidations Short Liquidations
1 hour $10.61 $10.61 $0
4 hours $11,500 $10.61 $11,500
12 hours $14,200 $1,608.67 $12,600
24 hours $100,300 $2,185.52 $98,100
From the OKB liquidation data: bulls monopolized the market in 1 hour with zero short liquidations and a tiny volume of only $10.61 as a probe; at 4 hours the direction completely reversed, short liquidations crushed longs, shorts were 1083 times longs, liquidation volume surged to $11,500, shorts took over the game with an extreme posture; at 12 hours the short multiple collapsed to only a 7.8x advantage, liquidation volume slightly rose to $12,600, short momentum sharply declined; at 24 hours shorts had a second outbreak with $98,100 short liquidations versus $2,200 long, shorts were 44.9 times longs, cumulative liquidations broke $100,000. The 12-hour liquidations accounted for 14.2% of the 24-hour total, showing very low concentration—new liquidations in the last 12 hours reached $86,100, with shorts completing a full harvest in the latter half of 24 hours with overwhelming force. The short dominance ratio crashed from an extreme 1083x at 4 hours to 7.8x at 12 hours, then rebounded to 44.9x at 24 hours, showing a "V-shaped reversal" in short squeeze momentum; after intense shakeout, shorts re-exploded with stronger posture, establishing absolute dominance over 24 hours. Leverage is recommended to be compressed to within 3x; do not blindly chase shorts.
🔥 Market Indicator | August 21
Three hot topics today point to the same theme: capital is simultaneously seeking new pricing anchors in three different tracks—whether Bitcoin's short squeeze can turn into a bull market, whether Anthropic's trillion-dollar valuation can sustain the AI bubble, and whether Pop Mart's IP iteration can transcend cycles.
₿ BTC Accelerates Rally: $3.3 Billion Shorts Vaporized, But Short Squeeze Momentum Is Fading
Bitcoin rose over 14% in two days, breaking $73,000. Over $3 billion in leveraged positions were liquidated in the past 24 hours.
However, market data shows new leveraged long funds have not yet entered on a large scale. This rally is still mainly driven by short covering; perpetual futures open interest has not significantly rebounded. Whether Bitcoin can continue higher increasingly depends on spot buying and ETF inflows taking over. On the 19th, the US Bitcoin spot ETF had a single-day net inflow of $517 million, but ETF investors’ average cost is about $82,465, still overall at a loss. After the short squeeze, the real test is just beginning.
🤖 Anthropic Plans to File IPO Documents by End of August: Fundraising May Surpass SpaceX, Valuation Targets $1.5-2 Trillion
Insiders reveal Anthropic expects to publicly submit IPO documents as early as the end of August, with fundraising possibly matching or exceeding SpaceX’s record $75-86.2 billion, targeting a valuation of $1.5-2 trillion.
In May this year, Anthropic completed a $65 billion financing round with a valuation of $965 billion, surpassing OpenAI’s $852 billion. By the end of July, annualized revenue exceeded $65 billion.
Founded only five years ago, aiming for the largest IPO in history. When the secondary market prices it at $2 trillion, the market is betting not on current profits but on AI’s complete restructuring of the enterprise market.
🎨 Pop Mart Half-Year Report: LABUBU Still First, Star People Soar 580% to Take Over
On August 20, Pop Mart released its 2026 half-year report: revenue of 17.17 billion yuan, up 23.8% year-on-year; adjusted net profit of 5.16 billion yuan, up 9.5%; gross margin 69.7%. However, revenue was below market expectations of 19.98 billion yuan.
IP landscape is undergoing drastic restructuring. THE MONSTERS series featuring LABUBU generated 4.45 billion yuan, still first; new IP "Star People" revenue surged 580.6% year-on-year to 2.65 billion yuan, becoming the second largest IP. Plush product line has become the largest growth engine with revenue of 9.82 billion yuan, accounting for 57.2%. The board announced a first buyback plan of 2 to 5 billion yuan. LABUBU slows down, Star People takes over—the lifecycle management of IP is undergoing its toughest test.
💎 Summary
Three events sketch the same picture: after Bitcoin’s $3.3 billion short squeeze, whether it can attract real spot buying is key; OKB contract market short dominance ratio crashed from an extreme 1083x to 7.8x then rebounded to 44.9x with cumulative liquidations exceeding $100,000, shorts re-exploded with stronger posture after intense shakeout establishing absolute dominance; Anthropic’s $2 trillion valuation challenges the largest IPO in history, redefining the limits of the AI bubble; Pop Mart’s LABUBU slows while Star People surges 580%, IP transition continues. Capital is seeking direction simultaneously in three tracks—when the short squeeze fades, IPO volume peaks, and IP shifts gears, who will be the true successor? #BTC加速拉升，资金还能继续接力吗？
#Anthropic拟8月底公开IPO文件，募资或追平SpaceX
#财报观察员：泡泡玛特增长换挡，多IP能否接力？ $BTC This live chart completely exposed my trading habits. I set three take-profit levels: 75,500, 75,730, and 76,180, but I didn't set stop-loss at any of them. The only price that can close this trade is the estimated strong moving average near 73,759. In other words, I seriously planned where I should make money, but never really planned it: if I misjudged, I was willing to give up where I was. I keep telling myself that short-term losses are highly volatile, and normal stop-losses are easily swept away by inserted needles; As long as the major trend is not broken, and the price has not touched the strong moving average, the floating loss is only temporary. But the more real reason might be: I can't accept forced liquidation, but rather can't accept proactive stop-losses. Taking the initiative to stop loss means I have to admit that this trade was wrong; Qiangping, on the other hand, seemed to have made decisions for me by the market. The former requires facing misjudgments, while the latter can blame failure on market trends, pin insertion, and luck. So, I'd rather take the risk of losing the entire position than suffer a small, controllable loss. This is not courage, but rather packaging "unwillingness to admit mistakes" as "ability to withstand fluctuations." This time, the market pulled back from 75,770, and my position repeatedly broke below several short-term support points, with deep losses at one point. Now the price has returned to around 75,188, almost breaking even. From this, it's easy to conclude: See, not setting stop-losses is the right move. As long as you hold on, the price will eventually come back. But this may be the most dangerous outcome of this trade. A mistaken handoverUSDT doesn’t win because it beats every stablecoin on every trade.
It wins because traders already have it sitting on the exchange.
That’s the bigger story with USD1.
Aster just listed a SpaceX perp alongside gold, oil, SanDisk, and SK Hynix — all priced and settled in USD1.
And honestly, SpaceX might not even be the most important part.
The real game is becoming the stablecoin traders keep ready.
Because you don’t want to buy a stablecoin before every trade.
#DailyOrbit Today's Bitcoin Key Analysis: BTC Breaks Through $75,000, How Much Higher Can It Go Next?
August 21 BTC Market Key Forecast
But it should be noted: the faster the rise, the greater the short-term correction risk.
This rally is not just a simple technical rebound.
Recently, the U.S. Treasury increased the scale of long-term bond repurchases, raising market expectations for improved liquidity. At the same time, the U.S. has released more positive signals on crypto regulation, all of which have jointly improved the risk asset environment.
Additionally, this rally has been accompanied by a large number of short liquidations. In the past 24 hours, the crypto market has seen over $1 billion in liquidations, with shorts accounting for the vast majority.
This is significant. Currently, BTC's rise is driven by a combination of "fundamental improvement + capital push + short squeeze."
$75,000 is the most important level today.
What the market needs to focus on now is not whether BTC can continue to rise, but whether BTC can hold above $75,000.
If the price can form effective support above $75,000, the market will further convert $75,000 from a "resistance level" into a "support level."
In this case: the first target is $78,000, and if $78,000 is broken further,
the second target is $80,000–$82,000.
If market sentiment remains extremely strong, testing near $85,000 cannot be ruled out. Bitcoin just had a week that restored bulls' confidence: from the accumulation zone of $62K–$67K, BTC surged to $73,050, up about 15% in 7 days. But the important question is not how much Bitcoin has risen, but whether this inflow of funds is strong enough to turn the breakout into a sustainable uptrend? The current answer is still uncertain. The crypto market is caught between four opposing forces: the Fed, geopolitics, AI, and US crypto policy. Just one of these variables reversing could change the market structure t#BTC accelerates its rally, can the funds continue to take over?
The truth behind this round of rally: it's not that the bulls are too strong, but that the shorts are too crowded.
On August 21, $BTC strongly broke through $75,000, with a cumulative increase of nearly 20% this week. In the past 48 hours, over 180,000 liquidations occurred across the network, with a total liquidation amount reaching $3.264 billion, and short liquidations accounting for more than 90%.
But amid the frenzy, a core question emerges: after the "fuel" of short liquidations is burned out, who will take over?
Fund takeover: there are signals, but not strong enough yet
On August 19, the US spot Bitcoin ETF saw a single-day net inflow of $517 million, hitting a three-month high. On-chain data shows that in the past 60 days, whales have net increased their holdings by about 43,000 bitcoins, with long-term holders controlling 83% of the supply, the highest proportion since December 2023.
But concerns are also obvious. The open interest of perpetual contracts has not significantly rebounded, and new leveraged long funds have not entered on a large scale. As analyst Adam McCarthy said: "The fuel has been burned out; the next leg up must rely on active buying rather than a short squeeze."
My judgment: $75,800 is the real decisive point
Glassnode data shows that about $75,800 is the cost basis for a broader range of active investors, and breaking this level is stronger evidence of market improvement. Analyst Ali Charts believes that if $75,733 is broken, the next major supply concentration zone is between $83,307 and $84,569.
But the $80,000–$82,500 range will be the real tough battle, as this area will face significant selling pressure from positions being freed up.
What to watch next?
First, the sustainability of ETF fund inflows. Second, the Jackson Hole Global Central Bank Annual Meeting from August 27 to 29. Third, progress on the CLARITY Act.
In conclusion
The US Treasury’s move ignited the short squeeze rally, but it cannot decide how long the fire will burn. If $75,800 is effectively broken, it means this rally is not just "killing shorts" but that new funds are officially entering; if it is resisted and falls back, then this $3.2 billion short liquidation wave is just another short squeeze rebound destined to be given back.
The direction depends on how this key level behaves in the coming weeks. 218 million short positions with an unrealized loss of $877,000 — “Set 10 big targets first” continues to add positions at $74,700, betting on Bitcoin topping out
💥 1. Position Overview: $218 million short, BTC short average entry price $74,746
On August 21, on-chain analyst Ai Yi monitored that “Set 10 big targets first” added another 1,000 BTC, updating the total position to $218 million, currently with an unrealized loss of $877,000.
Specific position structure:
· BTC 5x short: 2,449.968 BTC, valued at $183 million, average entry price $74,746.1
· ETH 7x short: 15,000 ETH, valued at $35.21 million, average entry price $2,347.89
Based on the current BTC price around $72,000–73,000, the BTC short position has an unrealized loss of about $4.3–6.7 million. However, the news states a total unrealized loss of $877,000, implying that the BTC short losses are partially hedged by other positions or margin structures.
🔥 2. Review: From “tens of millions in unrealized profit” to “unrealized loss with added positions,” what has he experienced?
This whale’s shorting journey is a highly representative leveraged narrative:
Phase 1 (June–July): Repeated attempts to short BTC in the $64,000–66,000 range. On June 19, closed 3,173.6 BTC shorts, netting about $9.467 million profit in a single trade. Afterwards, shorting space was continuously squeezed, and after BTC rebounded to $62,000–64,000 in August, losses expanded.
Phase 2 (early August): On August 10, held 1,742 BTC shorts ($110 million), average entry price about $63,709, with an unrealized profit of $292,000. After three stop losses on August 14, added 330 BTC shorts, raising the average short price to $63,700.
Phase 3 (August 21): After BTC broke through $70,000, he added another 1,000 BTC shorts, pushing total position to 2,449 BTC, average entry price $74,746 — this is the fifth or sixth time adding positions in nearly half a year.
He previously publicly stated: “You can stay out, you can be wrong, but refuse any probability of being taken out by a single wave.” But as unrealized losses expand to $877,000, this statement is undergoing its toughest test.
📈 3. The opposing forces: Who says the bull market is back?
The whale chose to add positions at $74,700, betting Bitcoin tops at this level. But the opposing side is extremely strong:
1. Technical: Golden cross is about to form, BTC above 200-day moving average
BTC price has broken above $71,000, firmly above the 200-day moving average at $69,000. The 50-day moving average is about $63,976, 200-day about $69,005, with a golden cross approaching. Analyst Yi Lihua wrote: “BTC has officially ended the bear market trend, and is bullish for the next two weeks.”
2. Macro: US Treasury repo implemented, risk appetite improves
The US Treasury announced an expansion of long-term Treasury repos, with 30-year Treasury yields falling from above 5.3%. Macro strategist Mark Connors even predicts that if repos expand to $10–30 billion monthly, BTC could surge to $180,000.
3. Institutional inflows continue
On August 19, Bitcoin ETFs saw net inflows of $517 million, Ethereum ETFs $189 million, totaling over $700 million. BIT withdrew 894.72 BTC from Binance, valued at $61.93 million.
4. Coinbase CEO calls for $400,000
Brian Armstrong publicly predicted BTC could rise to $300,000–400,000 before 2030, stating the industry is “preparing to push the CLARITY Act over the finish line.”
📉 4. Key levels: The “life and death line” for shorts
BTC shorts: average entry price $74,746, 5x leverage. If BTC continues to rise to $75,500–76,000, unrealized losses could expand to $3–5 million. The liquidation price depends on margin rate — this position has had multiple margin additions, so the safety buffer is relatively thick, but continuous adding means the shorts’ confidence is stronger, and the risk is greater.
ETH shorts: average entry price $2,347, 7x leverage. If ETH breaks $2,400–2,450, ETH shorts will face greater liquidation pressure.
💎 5. Summary
“Set 10 big targets first” started shorting in June, from $64,000 all the way to $74,700. Five times adding positions, $218 million position, unrealized loss of $877,000 — this is his largest bet in his shorting career.
His shorting logic is not without reason: BTC’s rebound from $62,500 to $71,000 shows technical overbought signals; Glassnode on-chain data shows sellers are not exhausted, Coinbase premium remains negative; CZ stated at SALT conference that “the market is still in a bear phase.” But the market doesn’t care about “logic” — it only cares about whose money runs out first.
If BTC continues to rise to $75,000–76,000, he will face greater unrealized losses. If BTC starts to pull back, he will become the most accurate “contrarian indicator.” The answer is not in his position, but in the market’s direction.
$BTC This round of BTC rise seems like a price breakout
but is actually the result of three core forces pushing simultaneously
First, the U.S. Treasury plans to expand long-term government bond repurchases
The market interprets this as a marginal improvement in liquidity
The weakening of the U.S. dollar index benefits risk assets collectively
Second, on August 19, U.S. spot ETFs saw net inflows of about $517 million
BlackRock's IBIT contributed $285 million in spot funds, clearly indicating capital inflow
Third, in the past 24 hours, the entire market liquidated over $3.2 billion
A large number of short positions were continuously swept out, creating a typical short squeeze scenario. Surpassing SpaceX? Anthropic might create the largest IPO in history. How much does the capital market really believe in the future of AI?
Anthropic's current story is quite exaggerated:
Revenue is exploding, with annualized income already reaching the hundreds of billions of dollars level; but on the other hand, losses are also rapidly expanding.
In simple terms: AI is really starting to make money, but AI is also burning through cash.
Training models requires computing power, computing power requires data centers, and data centers require chips, electricity, and huge capital.
So if Anthropic really enters the public market with a mega IPO, in a sense, it’s not just a company going public, but the capital market continuing to vote for the entire AI industry chain.
The problem lies exactly here: Can AI’s revenue growth ultimately outpace the growth of computing power costs?
If yes, the valuations that seem exaggerated today might just be the starting point in the future.
If not, then all the current crazy capital investments might end up being an expensive bet on expectations.
So what I care about more is not whether Anthropic can surpass SpaceX to become the largest IPO in history.
But how much money the capital market is willing to bet on the future of AI.
This might be the most worth-watching IPO in 2026. #Anthropic拟8月底公开IPO文件，募资或追平SpaceX @OKX星球 $ANTHROPIC $SPCX In three days, BTC surged from $64,000 to over $75,000, with a weekly increase exceeding 20%. The intensity and speed of this rally are rare in the crypto market over the past two years. The key question is—can this really be considered the foundation of a bull market?
Three major drivers of the rise
First, a substantial policy shift occurred. On August 19, Trump met with crypto industry executives from Coinbase, Ripple, and others at the White House, publicly stating that the U.S. government has discussed accumulating a "significant amount" of Bitcoin. He also urged Congress to quickly pass the CLARITY Act, which the market interpreted as the White House shifting its stance on crypto from "regulatory suppression" to "policy support." For a crypto market long troubled by regulatory uncertainty, presidential-level endorsement itself is a strong confidence booster.
Second, the liquidity environment suddenly improved. On the same day, U.S. Treasury Secretary Janet Yellen announced raising the repo operation cap for 10- to 30-year Treasury bonds from $2 billion per operation to at least $4 billion. This move directly lowered long-term Treasury yields—which had previously spiked to a multi-year high of 5.34% for the 30-year bond. The yield decline means the opportunity cost of holding non-yielding assets like Bitcoin decreases, increasing the appeal of risk assets. A Standard Chartered strategist bluntly called this "Bitcoin's favorite policy mix."
Third, a short squeeze triggered a chain reaction. This is actually the most critical of the three points. Bitcoin had been oscillating around $60,000 for the past six months, with massive leveraged short positions accumulating in the derivatives market. When the price broke through a key liquidation-heavy zone, a large number of shorts were forcibly closed—on August 19 alone, about $1.1 to $1.4 billion in shorts were liquidated, with global liquidations exceeding $3 billion within 24 hours, and nearly 200,000 traders liquidated. Short covering requires buying Bitcoin, and passive buying pushed prices higher, triggering the next wave of liquidations—forming a classic short squeeze positive feedback loop.
New Fire Research Institute's assessment is precise: this is not a single news-driven stimulus but a concentrated price release caused by a crowded short structure meeting multiple catalysts—regulatory tailwinds, falling long-term rates, and cross-sector capital inflows.
Has the foundation for a bull market been laid?
The divide between optimists and cautious observers centers on this question.
Optimistic signals are indeed accumulating. ETFs have seen large net inflows for three consecutive days, reaching $517 million on August 19, a three-and-a-half-month high. More importantly, CryptoQuant's "apparent demand" indicator turned positive for the first time since February, ending six months of net selling pressure. Bitcoin's market dominance rose to 58.87%, indicating this rally is led by Bitcoin, with funds showing signs of concentrating in mainstream coins. Standard Chartered maintains a year-end target of $100,000, and some strategists even call for a longer-term target of $180,000.
But the cautious reasons are equally solid.
First, the core driver of this rally is leverage, not spot buying. After $3 billion in shorts were liquidated, the power of passive buying is rapidly fading. Whether prices can hold depends on whether spot buying and ETF funds can take over the baton. MEXC Research's chief analyst bluntly said the Treasury's move is more like "opening a pressure valve" rather than a fundamental shift in the financial environment; BTC reclaiming $70,000 "still seems premature."
Second, there is no consensus within institutions. Standard Chartered is bullish, but CZ and VanEck believe the market has not bottomed, and Glassnode emphasizes the current rebound is only a local bounce. Glassnode's logic is solid: short-term holder cost is about $68,500, below the market average, with most holders still at unrealized losses; the 90-day realized profit-loss ratio is only 0.75, far from the threshold confirming a trend reversal.
Third, the policy tailwind has a time window. The Treasury's repo plan is explicitly set from September 9 to November 4, so the liquidity boost has an expiration date. Some analysts warn that if there is no substantial progress on the CLARITY Act before September 15, a short-term pullback risk may arise.
Three variables to watch next
First, whether ETF net inflows can continue. A single-day $500 million inflow looks good, but if subsequent volumes shrink or turn negative, it means institutional funds have not truly entered to support the market.
Second, whether BTC can hold above $75,000 and effectively break past its all-time high. If it just spikes and quickly falls back, that’s a typical false breakout with bulls forced to catch the falling knife.
Third, the progress of policy implementation in September. The actual execution of repo operations and the review progress of the CLARITY Act are key variables determining whether this rally can upgrade from a rebound to a sustained trend.
A $10,000 rise in three days is indeed fierce, with market sentiment jumping from fear to greed, and the intensity of the short squeeze setting records. But this feels more like a bull market rehearsal—the signals have appeared, but the foundation is not yet fully solidified. In the coming weeks, whether spot buying can hold, policies can be implemented, and overbought conditions can be digested through pullbacks will be the core variables truly deciding if the bull market returns. After a sharp rise, a pullback is inevitable; waiting for the pullback to stabilize before going long is much safer than chasing the high.
#BTC加速拉升，资金还能继续接力吗？ BTC touching above 75000 has already exceeded expectations
The weekly candle closed with the strongest bullish candle in nearly a year
So it needs to be taken seriously
Currently, there are only two possibilities
Either a new round of trend uptrend has started
Or it’s a pump to sweep all short stop losses before turning down
There was no significant negative funding rate before this rise
Lacking signals of concentrated short accumulation
The volume shrank and the rise was driven entirely by short covering
With the closing fuel exhausted and no incremental funds to take over
Operationally, it’s still best not to chase the high
If you want to go long, wait for a pullback to 72200 before entering long positions
Currently, it’s a main wave one-sided market
Even if bearish, don’t heavily short with forceBTC is accelerating its rally, can the funds continue to take over?
My view: They can, but the short-term has already shifted from "fund-driven rise" to a stage that "requires continuous fund validation."
In the past two days, BTC quickly surged from around $63,000, once breaking through $72,000, with a very rapid increase. Meanwhile, the US stock spot BTC ETF saw a single-day net inflow of about $517 million, the largest single-day inflow since May, indicating this is not purely a sentiment-driven market. 
But here is a core issue to note:
ETF funds returning does not mean high-level funds will indefinitely keep taking over.
There are three important signals now:
First, shorts have been largely cleared.
During this rally, there were short liquidations exceeding tens of billions of dollars, and the short squeeze itself provided BTC with very strong acceleration. 
So the first half of the rise was mainly:
Short covering → Passive buying → Breaking resistance → More short stop-losses.
This phase is very prone to fast gains.
But the question is:
After most shorts are cleared, who will continue to buy?
This depends on spot funds.
⸻
Second, ETF funds are starting to take the "baton."
This is the most noteworthy change currently.
BTC ETFs have already shown continuous fund recovery, recently reaching about $517 million in a single day. 
This means the market is trying to shift from:
"Short squeeze market"
to:
"Spot fund relay market."
If ETFs continue to maintain net inflows, then after BTC breaks through 72,000, continuing to challenge 75,000—78,000 is reasonable.
⸻
Third, rising too fast is itself a risk.
BTC’s gains over the past few trading days have been very large, clearly entering a short-term ultra-strong state.
The biggest taboo now is:
ETF inflows not continuing to expand, but prices keep crazily rising.
That indicates marginal buying is starting to be insufficient.
Especially after breaking 72,000, if there is:
Price hitting new highs, but volume declining, ETF inflows dropping, and funding rates heating up rapidly
Be cautious of crowding among bulls.
⸻
Therefore, I now pay more attention to "pullbacks."
If BTC next shows:
72,000 → Pullback to 70,000—72,000 → No break → ETF continues inflow → Volume expands again
This is the healthiest trend.
Because this means:
72,000 turns from resistance into support.
In this case, the outlook for:
75,000 → 78,000 → 80,000
will be more confident.
But if it is:
72,000 breaks → Continues to surge rapidly → ETF funds can’t keep up → Quickly falls back below 70,000
Then beware that this rally might revert to profit-taking after the short squeeze.
⸻
My judgment on this rally:
Currently, I still lean toward the uptrend not being over.
But the pace of the rise may start to change:
First half: Short squeeze driven.
Now: Needs spot funds to take over.
Second half: Whether it becomes a trending market depends on whether ETFs can sustain inflows.
So the most important thing going forward is not guessing if BTC can reach 80,000, but watching three indicators:
Whether ETF net inflows continue
Whether 72,000 can turn into support
Whether volume expands synchronously during the rise
If all three conditions are met, this rally still has room.
If only price rises but funds don’t follow, the higher it goes, the greater the risk.
In short: Shorts can push BTC up to 72,000, but only sustained spot funds can push BTC to 80,000. The real test is just beginning. $BTC #BTC加速拉升，资金还能继续接力吗？ $BTC 第一笔交易，我在74500附近完成布局，随后分两次平仓，实现盈利84.57U和24.84U，合计109.41U。 从结果看，这是一笔不错的交易。但现在回头看，第二笔被套的种子，其实就在第一笔盈利的时候埋下了。 交易里最危险的时刻，未必是连续亏损，反而可能是刚刚赚到钱以后。 亏损会让人谨慎，盈利却容易让人产生一种错觉：不是行情恰好配合了自己的策略，而是自己已经看懂了行情。 第一笔交易时，我愿意等待价格、等待结构、等待市场给出答案；第一笔盈利以后，我开始害怕空仓，害怕错过下一段上涨，甚至潜意识里认为，刚刚赚到的钱还能再赚一次。 于是，第二笔交易不再是市场出现机会后我才进场，而是我已经想进场，再从盘面里寻找理由。 4小时趋势向上，1小时结构没有破坏，15分钟低点还在抬高——这些判断本身没有错，但我拿“大级别看多”替“小级别入场过早”开脱了。 趋势看多，不代表任何位置都可以买；方向正确，也不能弥补入场节奏错误。 第一笔我是在等待市场，第二笔却是在要求市场。 更讽刺的是，进场前我没有耐心，浮亏以后反而突然变得“有耐心”了。 该等待确认的时候，我怕踏空；该面对错误的时候，我又告诉自己只$BTC/Nasdaq ratio rebounds to the critical resistance level of 3.0. The core contradiction lies in whether crypto assets passively follow the volatility of US tech stocks or regain the ability to independently attract cross-market capital.
After a 64% retracement from the 2025 high, the ratio has rebounded about 15%, reaching the 3.0 level, indicating that the relative strength of $BTC against the Nasdaq has entered a key inflection point. Below 3.0 means liquidity premium is controlled by tech stocks, and structural capital reallocation to crypto has not yet formed.
In terms of driving factors priority, changes in Federal Reserve interest rate expectations and US Treasury yield trends rank first, followed by the transmission of liquidity risk from high-level US stock corrections, and lastly the degree of leverage clearing within the crypto market. If the US dollar index strengthens during the Nasdaq's high-level consolidation, cross-market liquidity will prioritize contraction into traditional risk-free assets.
The bullish scenario requires the $BTC/Nasdaq ratio to break out with volume and hold above 3.0. If this is accompanied by a weakening US dollar index and rotation of US stock capital into high-beta assets, $BTC will confirm its detachment from the US stock dependency, opening an independent upward attack channel; if the ratio falls back below 2.85, the bullish thesis is invalidated.
The bearish scenario is set as the ratio being capped by the 3.0 resistance and experiencing a secondary decline. If the Nasdaq corrects due to sustained high interest rates or disappointing earnings, and $BTC follows down with a larger drop, the ratio will probe downward again, confirming that crypto assets have not yet regained market pricing dominance.
The invalidation condition for this cross-market rotation is when gold and US Treasuries rise during a US stock correction while $BTC simultaneously falls. This means both safe-haven and risk capital are squeezed out of the crypto market, causing the rebound to stall at the 3.0 threshold.
In the next 7 days, close attention should be paid to the volatility changes of the Nasdaq index at critical levels, and whether $BTC can maintain relative strength and surpass the 3.0 resistance during US stock consolidation.
#ETH强势拉升，空头清算超11亿美元 #银行业支持CLARITY，稳定币奖励成争议$BTC broke through 72,000, this wave is really different
As soon as the market opened, BTC had already reached 72,000, rising nearly 12% in 24 hours, reaching a high near 73880. A few days ago, I was still talking about whether 70,000 could stand firm, but now I'm directly heading towards 74,000. The speed is indeed a bit fast.
The pace of this rise is obviously different from the previous one. The previous few pulls were all based on news, and they fell back after two days. This time, the Ministry of Finance doubled the scale of long-term government bond repurchases, from 2 billion to at least 4 billion per transaction. With the decline in US bond yields, the weakening of the US dollar, and the collective relaxation of risk assets. Following that, the Trump White House Crypto Council made another move, saying that the United States is discussing "massive hoarding of coins," and BTC has directly increased from 69,000 to over 72,000.
This wave is really bad. 24 Nearly $3 billion was liquidated in the hour, with short positions accounting for more than $2.6 billion. More importantly, ETFs have seen a large net inflow for two consecutive days. On August 20th alone, they received $517 million, which is completely different from the previous market where contract funds were pushed hard. Some people say that it is the bearish squeeze that pushes prices up, but the real money of ETFs is the foundation for this wave to stand.
#ETH强势拉升，空头清算超11亿美元 #BTC加速拉升，资金还能继续接力吗？ $BTC SOXL dropped from 300 to 120, panic? I choose to keep going long.
This pullback is indeed brutal, SOXL lost nearly 60% in a month, and SOXX also retreated from 655 to around 540. But after calmly breaking it down, I don't think the AI logic is broken; rather, it feels like a pause to pick up passengers.
First, what is falling? It's sentiment, not orders.
The culprit of this plunge is the surge in long-term Treasury yields, which slashed valuations of high-growth stocks, having nothing to do with fundamentals. Looking at the industry side, TSMC's CoWoS capacity is still fully booked, Nvidia's H200 has a shortage of over a million units, and Samsung's advanced process prices are still rising. Orders are rock solid, AI has entered the earnings realization phase, not just the PPT stage.
Second, what are the smart money doing? Bottom fishing.
Despite retail panic, SOXL and SOXX have seen net inflows of tens of billions of dollars in the past month combined. Korean retail investors bought $3.7 billion of SOXL in July for good reason. Funds are just waiting for a signal that interest rates have stabilized.
My strategy:
Short-term volatility is inevitable, leveraged products are extremely volatile, so position management is paramount. But in the mid to long term, with a $1.5 trillion market by 2030 and equipment investment expected to double by 2027, AI is just getting started. I won't exit because of a single interest rate disturbance.
SOXL, waiting for the right-side stabilization, continue to be bullish. 🚀 BTC’s breakout above $69K looks powerful, but much of the move was fueled by a massive short squeeze and easier yield conditions. The key now is whether BTC can hold the breakout after forced buying fades—momentum is strong, but confirmation matters.Buying OKB is essentially not just a simple bet on an exchange token, but a bet on OKX's ability to bring users and liquidity to the X Layer.
If you cannot continuously track X Layer users, trading volume, and staking data, OKB is not suitable as a heavy asset position. #美财政部扩大长债回购，30年美债高位回落
The U.S. Treasury has doubled the single auction limit for 10-30 year Treasury buybacks from $2 billion to at least $4 billion, with Bassett even hinting it could be higher in the future. On the surface, this is to rescue liquidity, but behind it is a stress test of soaring long-term interest rates; however, for the $32 trillion Treasury market, this buyback is more like a "painkiller" rather than a cure. It is a short-term positive for risk assets, but in the long run, it still depends on the fiscal deficit and inflation.Today $BTC surged 7.94%, but the real undercurrent is in $SNDK—a usually inconspicuous US stock token, with a 24-hour trading volume soaring to $2.02 billion, yet its price stubbornly stuck at -0.3%. High volume without price increase, bulls and bears are fiercely battling. Article Outline - 🔍 Which codes are funds chasing today - ⚔️ Breakdown of $SNDK's bull and bear logic - 🛡️ Risks and participation methods Today's Snapshot $BTC 74,974, +7.94% $ETH 2,353, +4.57% $SNDK trading volume $2.02B, -0.3% $SKHYNIX +3.3%, trading volume $570M $QQQ -0.72%, $SPY -0.84% $IBIT +6.24% 1. What funds are chasing today 🔍 Today's market money splits into two paths: one rushes into $BTC and $IBIT, the other looks for AI storage stories among US stock tokens. $SNDK dominates with $2.02 billion in trading volume, but its price slightly drops 0.3%; $SKHYNIX pulls +3.3%, with $570 million in trading volume. Both storage chip tokens see volume expansion, indicating funds are betting on the same logic—storage demand driven by AI. Coupled with the news line "Asian small AI companies lead emerging market rebound," storage, as the foundation of AI computing power, has become the new main trading theme. 2. $SNDK's trump card and opposing forces ⚔️ $SNDK #沃尔玛在美销售放缓，消费压力受关注
WLD is currently at 0.3713, up 3.1% in 24 hours. Both the 1-hour and 4-hour trends are upward, just 1.07% and 0.59% below the recent highs, showing short-term strength. However, the top 10 sell orders total 337,781, exceeding buy orders of 308,874, indicating selling pressure at 0.3750.
Support is seen at 0.3650, resistance at 0.3750; a volume-backed break above 0.3750 would open mid-term potential up to 0.3820.
Plan 1: If price pulls back to 0.3670 and stabilizes, consider going long with a stop loss at 0.3610, targeting 0.3750 first, then 0.3820 upon breakout. If the 4-hour close falls below 0.3650, it signals weakening upward momentum; reduce positions or avoid chasing longs if not already in.
Funding rate is positive at 0.0100%, with coin-margined open interest at 73,461,060 units, indicating strong bullish sentiment. Main risks include weakening consumption expectations, slight dominance of sell orders in the order book, and long covering if breakout fails. It’s advisable to buy on dips but avoid chasing above 0.3750.
— This is personal opinion only and not investment advice. Wishing you successful trading. —
#沃尔玛在美销售放缓，消费压力受关注 $WLD What Pop Mart should be most wary of is not declining profits, but the market starting to reprice it. On August 20, Pop Mart released its 2026 first-half results: revenue of 17.17 billion yuan, a year-on-year increase of 23.8%; Net profit attributable to shareholders was 5.04 billion yuan, up 10.1% year-on-year; Adjusted net profit was 5.16 billion yuan, up about 9.5% year-on-year. Looking at the numbers alone, this is still a fast-growing company. But the capital market is not so optimistic. On August 21, Pop Mart's stock opened about 8.2% lower and fell more than 8% in early trading. The reason is simple: the market previously expected higher growth, not "23.8% revenue growth + about 10% profit growth." The company's actual revenue and profit were both below market expectations. More importantly, management has made it clear that the 20% growth target for 2026 is highly unlikely to be met, and the pressure will be even greater in the second half. So, the real issue with this financial report isn't whether Pop Mart can still make money. Instead: After LABUBU, who will take over? 1. What happened? Pop Mart hasn't stalled, but it did shift gears. Let's look at the most important data first. First-half revenue was 17.17 billion yuan, up 23.8% year-on-year; Adjusted net profit was 5.16 billion yuan, with a profit margin of about 30%; Gross margin was 69.7%, down 0.6 percentage points from 70.3% in the same period last year. What does this mean? Revenue is still growing, but profits have clearly lagged behind revenue. This is similar to LABUBU's explosive growth in 2025Hynix's buyback is implemented, and Samsung shareholders' returns are also being compared
South Korea's semiconductor industry is finally starting to directly answer an old question: How much of the money earned from AI can shareholders receive?
SK Hynix's large-scale buyback and cancellation this time sends a very clear signal: the company believes the market has underestimated it and wants to restore confidence with real cash. Samsung already has a long-term dividend and buyback framework; when these two giants move, the entire South Korean stock market will be revalued
But I won't just write this as positive news
The storage industry fears most is shouting about returning profits to shareholders while being dragged into a new round of capital expenditure competition by AI expansion. Buybacks can support the stock price but cannot guarantee the cycle will always go up. Truly capable management must do two things simultaneously: not hesitate to expand when needed, and not be ambiguous when it comes to distributing profits
What this round of Korean chip stocks needs to prove is not whether they can make money
But whether they can manage the money they make well
#海力士回购落地，三星股东回报待确认 $BTC 今天这次实盘，我不想替自己找理由。 第一笔多单按照计划分批止盈，两次分别实现盈利84.57U和24.84U，合计盈利109.41U。方向、入场和离场都踩中了节奏，这一笔赚得没有问题。 问题出在第一笔止盈以后。 刚拿到利润，我就急着重新进场，没有等回踩确认，也没有等新的15分钟结构完全走出来。看到大方向仍然向上，就把“趋势看多”误当成了“现在可以买”。 结果第二笔多单被套，当前盈亏平衡价在75188附近，而BTC仍在75000下方反复争夺。 现在回头看，第二笔不是方向完全错误，而是入场时机太着急。前高75770刚出现抛压，短线还需要消化获利盘，我却提前把预期当成了确认。 目前4小时和1小时上涨结构暂未破坏，15分钟低点也在逐渐抬高，但上方75188—75260仍是必须收复的成本与压力区域。只有重新站稳这里，第二笔仓位才能真正摆脱被动。 如果继续突破，上方重点观察75500和前高75770；如果再次跌破74400，说明短线修复失败，风险会重新指向73760附近的最后防线。 我承认，第一笔盈利让我放松了警惕，第二笔被套就是心急付出的代价。 第一笔赚的是结构，第二笔套的是情绪。 真With continuous monitoring of single kills, the main holders of MarsCoin basically can no longer control the market!
Let's take a look at the changes in the top 40 MarsCoin holders' addresses data on 8.21!
1: Pancake inflow 2.52%
Binance Alpha inflow 15.72%
2: Top 10 addresses: 1 person increased position, 1 person decreased position
Top 20 addresses: 2 people increased position, 1 person decreased position
Top 40 addresses: 3 people decreased position, 2 new entries
$MarsCoin Daily Key Summary:
Compared to 3 days ago, the price of MarsCoin has not dropped significantly, but the data structure changes are becoming more complex. First, Alpha continues to flow in. Among the top 40 addresses, 5 people decreased their positions, but the amounts are small, so their impact on the market is minimal. Three people increased their positions, and the amounts they added are relatively large, which should have some influence on the market. The market may still hold steady here, roughly 30% related to these 3 people increasing their positions. It appears that 2 addresses are new entries, but in reality, one person transferred in a long time ago and is just now counted as entering, and one person slightly increased their position and is counted as entering. Basically, this has no impact on the market. Corresponding to the three addresses that dropped out of the top 40 rankings, two have already liquidated their holdings, and one has only half of the position left. Overall, compared to 3 days ago, many top addresses still decreased their positions, and the market has not stabilized. The number of people increasing positions is relatively