BTC just smashed through $72,000, surging 11. 8% in 24 hours with $2. 99 billion in total liquidations. Short sellers got wiped out in one clean sweep. This isn't a gentle recovery — it's the market forcing a squeeze. Every push higher triggers more short liquidations, and those buy orders keep fueling the rally until the most stubborn bears are cleared out. 🔥 Three core drivers stand out.

Stablecoins are officially moving beyond trading and DeFi into real-world payments. 🚀 New data from CryptoRank and Paymentscan shows that in July 2026, stablecoin card top-ups crossed the $1B mark for the first time, hitting roughly $1. 084B. That's a solid 16% jump month-over-month. 📈 TRON leads the pack with $311. 2M, capturing nearly 30% of the identified volume. BSC follows at $140. 9M, then Optimism with $120. 5M, Ethereum at $105. 8M, and Solana closing in with $97. 7M.

The market has surged strongly over the past 24 hours, driven by seven key core factors worth noting. The U.S. has expanded its Treasury repurchase program to $4 billion, injecting liquidity into the market; Bitcoin has broken through the critical $68,000 level, directly igniting FOMO sentiment. Over $1.4 billion in short positions were liquidated in a chain reaction, serving as a powerful booster for this rally. Market sentiment has quickly shifted from defensive to risk-on, with a clear warming in capital preference. U.S. crypto policies are sending more positive signals, with ETFs and institutional funds beginning to flow back into some assets. Meanwhile, capital is starting to rotate from BTC to altcoins, significantly increasing sector activity. This wave of market movement is the result of multiple positive factors resonating together. What other factors do you think are driving this? Feel free to share your observations.

A major shift is happening in corporate finance, and Bitcoin is at the center of it. 🚨 Chinese Nasdaq-listed insurtech Zhibao Technology ($ZBAO) just closed a massive $154. 7M PIPE financing deal, paid entirely in Bitcoin. 🐋 Investors sent 2,380 BTC directly to Zhibao's treasury, with a reference value of $65,000 per coin. The company issued 442M PIPE units at $0. 35 to complete the transaction.

Bitcoin has reclaimed $70,000, but the real test is just beginning.🚀 This surge is quite fierce, shooting up from $64,000 all the way to nearly $70,000, marking the strongest rally in recent months. However, there's a key detail behind this: over $2.7 billion worth of short positions were liquidated, meaning part of the rise was driven by forced buying. This doesn't mean the rally is fake, but what I want to see is whether, after the leverage is cleared, genuine spot buying can firmly hold Bitcoin above $70,000. Key levels I'm watching: $70,000 = breakout/support watershed $68,000 = short-term support $65,000 = deeper support If Bitcoin holds above $70,000 and buying continues, the next target resistance zone is around $71,000 to $72,000. This wave

I'm done for tonight. Two short positions in a row just got liquidated, and honestly, that's a clear sign I'm overtrading. 😤 When the heat gets to your head, impulse takes over, and that's exactly when the market punishes you. I'm cutting losses now, closing the app, and stepping away completely. No more entries tonight, no revenge trades, no chasing the chart. 🛑 $ETH and $BTC will still be there tomorrow. The smartest move right now is patience, not panic.

From last night until now, this ETH surge really stunned me, even crushing my last hope. 😭 Originally, I was counting on the FOMC meeting minutes to calm the market, but not only did the minutes fail to suppress ETH, they directly liquidated my 100x short position opened at 1952.52 at 2278.32. The July meeting maintained the interest rate at 3.5%-3.75% with a 9 to 3 vote, and Logan, Harker, and Kashkari even advocated a 25 basis point hike. The content was not dovish: inflation has not continued to decline, policy may tighten further, and even AI financing and US stock valuation volatility were mentioned. But the market never trades on "who wants to raise rates," but on "this time no hike," and the minutes were not more hawkish than expected. July CPI cooled down, employment weakened, 9

I watched ETH rip from 1900 to over 2300 overnight with zero meaningful pullbacks. Every time I thought it needed a breather, it just kept climbing. The worst part isn't losing money, it's watching the chart go up while your balance goes down before you can even react. 😤 Now everyone says "I knew it. " I knew not to short. I knew to buy. I knew not to hold too long. But the three most useless words in crypto are exactly that: "I knew it.

The game has officially started! $BTC $ETH I mentioned before that Bitcoin would eventually hold above 65,000, and now the price has reached this level. Recent market signals are starting to turn, institutional views are gradually becoming bullish, ETF funds are warming up, and market sentiment is slowly recovering. Since it has successfully held above 65,000, the next target is 67,000. Friends holding long positions, please hold tight and don’t get shaken out by interim spikes. The market won’t move straight up; there will definitely be tug-of-war and pullbacks along the way, but the big trend is right in front of us. Don’t let short-term fluctuations disrupt your rhythm. Also worth noting is that the SEC has proposed the "Crypto Asset Regulation" draft, and the CLARITY Act will be reviewed in September. This could be an important step toward industry compliance. ⚠️ The above is only a personal market view and does not constitute investment advice. Contract trading carries extremely high risk, please

Happy Qixi Festival! 🎋 Many traders wonder if Bitcoin follows a holiday pattern today. The short answer? Not really, and here is why. Qixi is mainly a domestic celebration in Asia. It can slightly shift retail sentiment, but it does not move global markets. Today's Asian session is thin, liquidity is low, and sharp wicks are likely. Do not let short-term noise cloud your judgment. Bitcoin is a global asset.