Is this surge a "bullish comeback" or just a flash in the pan? Brothers, this week's market has been quite thrilling, right? Bitcoin surged to $79,400, up 24% for the week, marking the strongest weekly performance since March 2023! Many are calling it a "bullish comeback." The trigger for this violent rally was the U.S. Treasury conducting bond repurchases, effectively injecting liquidity into the market. With the liquidity flowing, the dollar dropped, and Bitcoin, the "dry duck," immediately started splashing around. From a technical perspective, the "inverse head and shoulders" pattern drawn from the $57,750 bottom has a target around $76,000, which was precisely reached this time, giving the technical analysts a perfect explanation. However, after reaching $79,400, it pulled back to $76,900, and the RSI has entered the overbought zone, so a short-term breather and consolidation might be needed. The most critical indicator now is that on-chain "spot demand" is about to turn positive — the first time since February 2022! Historically, when this signal triggers, the average gain over the next 60 days is 18%, with a nearly 80% success rate. But note, the signal hasn't fully "turned green" yet, and this rally is largely driven by a massive short squeeze (a $3.3 billion short squeeze on Wednesday), meaning the rise is "paved by the corpses of the bears." What’s next? The key depends on two points: first, whether spot demand can fully turn positive, allowing real money buying to take over; second, don’t rush to FOMO—first see if this pullback can hold above $70,000. If it holds, a trending market is likely; if not, it might just be a spectacular "bear market rally."

The market is good, take it slow and don't rush. A good market is an endurance race; those holding Trump and Aster should be more excited. A good market is an endurance race, so don't panic if your coins haven't risen yet. When Bitcoin rises, it's normal for various market makers to release liquidity to snatch retail investors. Think about PePe, ONDO, WLD, and Sui, the leaders of the last market cycle—did they move when Bitcoin was rising? They didn't move. When Bitcoin surged 30 points, PePe was still suppressing volatility, and not long after, it transformed into the king of MeMe. Whether you're new or experienced, keep your composure. If this time starts a small bull run and Bitcoin rises enough, it will give small altcoins a chance to explode. Everyone, don't rush, hold your coins patiently!

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The Fed's balance sheet is quietly expanding again. From the end of last year until now, they say they're shrinking the balance sheet on the surface, but in reality, they're ramping it up again. Wash used to shout every day about reducing the balance sheet, but after taking office, it's still the same old routine. US stocks keep rising, gold keeps soaring, and the logic behind it is simple — liquidity is back. The market isn't stupid; it watches actual operations, not just what is said. This kind of reverse operation has been seen many times in history. Saying one thing and doing another, ultimately relying on printing money to solve problems. The market will continue to be high in the short term, but the long-term structural problems remain. This gold surge is not accidental; it's a direct vote of confidence in monetary policy.

Trump met with crypto executives at the White House, hinting that the government might accumulate Bitcoin and push the "Clear Act" Trump met with executives from Coinbase, Ripple, Robinhood, Kraken, Gemini, and Chainlink. He stated that this administration has "completely ended the war on cryptocurrencies" and mentioned that the government has discussed accumulating a "large amount" of Bitcoin, though he did not specify the source of funds or a timeline. He also urged Congress to pass a "fair version" of the Clear Act. These remarks add policy tailwinds to cryptocurrencies, but the idea of a Bitcoin reserve currently remains just sentiment support, lacking concrete details. Brothers, did you notice? When the ETF was approved back then, BTC went straight from 60,000 to 120,000. Will this repeat itself this time!!!

Who is really igniting this Bitcoin surge? In the past 24 hours, the crypto market seemed to be set on fire. Bitcoin surged straight from around 64,000 to break through 70,000, Ethereum approached 2,300, rising nearly 19% in 24 hours. 180,000 people were liquidated, with $3.2 billion in positions wiped out in one wave. Who is igniting it? It’s not a single positive factor, but three events overlapping and resonating together. The U.S. Treasury personally stepped in. On August 19, it announced doubling the repurchase scale of 10 to 30-year Treasury bonds. The 30-year Treasury yield plunged sharply from 5.337% to around 5.19%, and gold surged $125 in a single day. Bitcoin reacted even faster, jumping directly from 64,000 to 70,000. The signal conveyed is crucial — there is an implicit ceiling on long-term rates, the government will intervene to support the market, liquidity expectations improve, and Bitcoin is the most sensitive to this. Trump publicly called the shot. The White House met with executives from Coinbase, Kraken, and other crypto companies, urging Congress to pass the CLARITY Act. The top-level stance is clearly shifting. The head of research at Standard Chartered put it bluntly: increased Treasury support at the back end is exactly the signal Bitcoin wants to see, maintaining the year-end target of $100,000. Short positions accumulated over six months were wiped out in one go. Bitcoin had been hovering around 60,000 for the past six months, with a large buildup of shorts. After breaking through a key resistance level, a short squeeze spiral started — the more it rose, the more it flattened; the more it flattened, the more it rose. $1.44 billion in shorts were liquidated within an hour. The combination of these three events validates a transmission chain: fiscal policy signals → decline in long-term rates → risk asset revaluation → resonance between crypto spot and derivatives. The next question is: can this leverage-driven sharp rise translate into sustained spot demand? If ETF inflows stabilize and Treasury yields continue to decline, this breakout is more likely to be confirmed as a trend change.

Strategy Analyst: US Treasury Repo Plan Becomes a Catalyst for Bitcoin's Rise, $180,000 Target in Sight On August 21, according to CoinDesk, US Treasury Secretary Scott Bessent stated on Thursday that the government expects to conduct regular long-term Treasury repurchase operations and may expand the scale beyond the previously announced $4 billion plan. Bessent said the government hopes to stabilize the bond market through this, ensuring that yield levels reflect the economic fundamentals. After the announcement, Bitcoin prices rose further, once approaching $73,000. Long-term bond market macro strategist Mark Connors commented that the Treasury's long-term bond repo plan could become an important catalyst driving Bitcoin's next rally, creating conditions for BTC to reach $180,000. According to Connors, the Treasury's intervention in the bond market repo operations is an important signal, indicating the government is addressing the pressure caused by rising long-term borrowing costs. Specifically, higher US Treasury yields attract funds into the bond market, which weakens inflows into risk assets like cryptocurrencies; however, if repo operations can support bond prices and lower yields, the macro pressure on Bitcoin will be alleviated. In summary, this macro liquidity improvement brought by policy not only creates a more favorable market environment for risk assets like Bitcoin but also provides new support for investors' expectations of BTC's future price performance.

KITE Foundation confirms hacker attack, deploying new 1:1 migrated ERC-20 contract – Link KITE Foundation has confirmed a hacker attack that caused abnormal transfers of KITE tokens on Ethereum. The token contract and cross-chain bridge have been suspended, and a new ERC-20 contract is being deployed. Balances will be reconstructed based on a snapshot before block 25,692,498 (August 6, 2026), excluding addresses associated with the attacker from redistribution. Reason: The full contract migration operation is complex and carries phishing risks. Before the migration is completed, liquidity and exchange support may be limited.

A wave of cryptocurrency market updates Not investment advice! – After the Treasury expanded its buyback program and the U.S. Securities and Exchange Commission proposed new cryptocurrency issuance proposals, Bitcoin and Ethereum recorded their largest gains since March – Trump met with executives from Coinbase, Ripple, Robinhood, Kraken, Gemini, and Chainlink, stating that the government has discussed accumulating a "large amount" of Bitcoin – Trump said that CFTC Chairman Mike Selig is working to allow Hyperliquid (HYPE) to enter the U.S. market in full compliance, leading to a significant rise in HYPE – Grayscale submitted another amended filing for its Zcash trust, and reportedly DCG is negotiating a $200,000 ZEC investment, causing Zcash (ZEC) prices to rise – Chainlink (LINK) rose due to a 344% surge in whale trading volume and continued accumulation by large holders – HSBC and Standard Chartered completed the first real-time transaction on the Swift blockchain ledger through a tokenized deposit system – Injective became a transfer agent registered with the U.S. Securities and Exchange Commission, further advancing tokenization efforts

We're back in that classic cycle—you know the drill. $BTC suddenly surges, strong market volatility, everyone's eyes glued to the charts. The higher it goes, the more people panic-sell their altcoins chasing momentum. So your altcoins start to "bleed" in $BTC terms, even if the USD price doesn't seem to drop. Then $BTC hits a wall—a key resistance on a higher time frame—and then... it starts to consolidate. That's when altcoins wake up. They temporarily outperform, and everyone feels smart again. Then what? The whole process repeats. Bitcoin rises, altcoins get dumped; Bitcoin pauses, altcoins rally. Repeat, and repeat. It's like watching the same movie on loop, but somehow, we keep buying tickets.