News linked to this event type.
Odaily News - U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig stated that if the Clarity Act continues to be stalled by Democratic obstruction, the CFTC will leverage its existing authority to begin establishing a regulatory framework for crypto assets and has directed staff to expedite formal rule proposals.Selig has instructed staff to study incorporating digital asset market structure into CFTC rules, with both existing CFTC registrants and currently unregistered crypto exchanges potentially falling under regulatory scope. Rules tailored to digital assets may permit leverage and margin trading.On Thursday, Bitcoin ETFs saw net inflows of $606 million, marking the highest single-day figure since May 1; Ethereum ETFs recorded net inflows of $219 million, the highest since September 2025. Over the past 24 hours, short liquidations in the crypto market exceeded $1.2 billion, approaching $5 billion over the past two days. (Decrypt)
According to Odaily, on-chain analyst Ember detected that a whale opened long positions worth $80 million in BTC and ETH on July 6, when the market dropped following MicroStrategy's announcement of a token sale, and has held them ever since. The BTC long position was opened at $62,353, while the ETH long position was opened at $1,762. With the market rebound over the past two days, the long positions established by this whale one and a half months ago have generated $21.1 million in unrealized profit.
According to Odaily, CryptoQuant analyst Darkfost stated that Bitcoin's recent Realized Profits have reached their highest level since 2026. Data shows that as of August 20, the market had accumulated approximately $1.65 billion in realized profits that day, indicating that a large number of investors are taking profits at current highs.Darkfost noted that as realized profits continue to climb, the market requires sustained new demand to absorb selling pressure. At present, buyer demand remains stable and is able to absorb the supply pressure from investors exiting with profits. If capital inflows and market demand continue to hold up in the coming period, the current increase in profit-taking activity does not yet pose a significant risk; however, if demand weakens, the growing profit-taking sell-off could exert downward pressure on prices.
Odaily News – Hyperliquid's native token HYPE is approaching $73. Crypto trader Pentosh1 noted that its fee burn mechanism will expand after the AQAv2 upgrade, potentially supporting continued outperformance in the next bull cycle.Since November 2024, Hyperliquid has repurchased and burned 462 million HYPE, worth approximately $1.27 billion, with about 99% of protocol fees allocated to buybacks. The platform's annualized protocol revenue currently stands at roughly $600 million to $950 million.AQAv2, or Aligned Quote Asset v2, is scheduled to begin on August 26, channeling approximately 90% of the yield generated from the platform's over $5 billion in USDC reserves into the Assistance Fund, with the first payment expected to arrive on October 3.Market observers estimate that AQAv2 could add an additional $135 million to $160 million in annual buyback volume. Coinbase and Circle—designated as Hyperliquid's official USDC fund deployment partners in May—have both committed to staking a significant amount of HYPE to help launch the mechanism. (Bitcoin.com News)
Odaily News: Peter Brandt, a renowned trader and chart analyst who successfully predicted the Bitcoin crash in 2018, stated in a post yesterday that Bitcoin had previously exhibited an inverted head-and-shoulders pattern within an overall downtrend, leading him to hold a bearish view. However, the recent surge has completely transformed the pattern into a valid bottom. Brandt stated bluntly that he has chosen to buy on the breakout. Previously, on July 20, he had projected that the current market cycle would bottom out on October 4, 2026, and believed that Bitcoin's returns over the next two to three years could outperform AI stocks.
Odaily News: According to Lookonchain monitoring, U.S. Bitcoin ETFs saw a net inflow of 8,879 BTC today, valued at $684 million; the 7-day net inflow reached 22,000 BTC, worth $1.7 billion. Ethereum ETFs posted a single-day net inflow of 86,700 ETH, valued at $207 million; the 7-day net inflow stood at 219,300 ETH, worth $524 million.
Odaily News – After surging to a record high of nearly $5,600 earlier this year, gold prices faced a sharp sell-off. In the three months through June, gold posted its worst quarterly performance since 2013, but the current sustained rebound is quickly repairing this technical breakdown. Driven by a combination of factors, gold is poised to emerge from the shadows of its worst quarterly showing in a decade. Amid the two-way tug-of-war between long-term structural deficits and short-term pullbacks, Wall Street is anchoring its 12-month gold price target at $5,400.Despite the optimistic long-term structural outlook, several analysts warn that gold still faces significant macroeconomic headwinds and potential correction pressure in the near term. (CNBC)
According to Odaily, monitoring by Lookonchain shows that 3 days ago, Ethena transferred 170 million ENA to FalconX, valued at $14.09 million. Just now, Ethena reclaimed the 170 million ENA from FalconX, valued at $23.68 million. The token's value increased by $9.59 million within 3 days, a surge of 68%.
Odaily News: Geoff Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, stated that the forecast of Bitcoin reaching $100,000 by the end of the year may be too conservative, and there is a possibility of challenging the previous all-time high of $126,000 before the year ends.On Friday, Kendrick noted that the recent Bitcoin rally has been primarily driven by short liquidations, while inflows into spot Bitcoin ETFs have also begun to recover. Given the currently low open interest levels in the market, more investors could re-enter as prices rise, providing further momentum for the rally."This is the first time this year that I've seen a risk that my year-end target of $100,000 may be too low," Kendrick said.Kendrick believes that Bitcoin's rebound momentum could accelerate further after October 6. Meanwhile, several market observers also believe the bear market may be nearing its end. Cory Klippsten, CEO of Swan Bitcoin, previously stated that Bitcoin could bottom out in October; Markus Thielen, founder of 10x Research, suggested that if the August monthly close stays above $63,000, it could confirm the formation of a bear market bottom. (Cointelegraph)
According to Auntie Ai, trader Jason60704294 ("Set 10 Big Goals First") has partially stopped out their BTC and ETH short positions, incurring a loss of $10.158 million, with the latest stop-loss price at $80,500.
Odaily News: "First, set 10 big goals" posted on Platform X, stating: "The market moved quickly today, so I didn't have time to open a post. Here's an update on my current short position.1. After the previous short trade ended, I re-entered a short position around 76,000. The logic is actually quite simple. When I opened a long position around 63,000, my initial target was 74,000. I believed the bull market had returned, and that assessment hasn't changed. However, I've always thought this round would be a volatile uptrend rather than moving straight to 84,000 or even 90,000 without any pullback. At least from a macro and market structure perspective, I haven't seen enough signals to support such a move yet. So I re-opened a short position around 76,000. After entering, the price quickly spiked to a high of 79,500. My planned stop-loss wasn't executed as expected (I set it in advance, but the system didn't fill it).2. I've already reduced the majority of my short position — not because I've changed my view, but to control risk first. If the price continues to surge from here, 82,000 or 84,000 are both possible, so there's no need to bet my entire position on being right. I'll keep watching with the remaining position. If the daily close holds above 80,500, then I'll admit I was wrong on this trade, close everything out, and take a break. If the price ultimately fails to hold and weakens again, I'll consider adding back the shorts I trimmed. As for chasing longs at this level, I have no interest — the risk-reward ratio has deteriorated.3. Finally, let me share my broader outlook. Last month when the price was around 63,000, I clearly stated that this was a阶段性底部. That assessment remains unchanged. I'm still bullish on BTC in the medium-to-long term, but being bullish medium-to-long term doesn't conflict with taking short positions locally. This short is betting on a pullback within an uptrend, not calling for a new bear market. If I'm wrong, I'll admit it above 80,500. If I'm right, I'll continue executing as planned. I still believe we'll see BTC at $100,000 by March next year."
According to Odaily, Bitcoin recently broke through a key price level, sparking discussions about whether a new bull market has begun. Some analysts believe that rapid gains, concentrated short covering, and technical breakouts are typical signals of a market bottom reversal, but others warn that the macroeconomic environment and capital inflows remain key factors in determining the sustainability of the trend.Mati Greenspan, founder of Quantum Economics, stated that Bitcoin's recent rally is very similar to historical bottoming phases, which are typically accompanied by short squeezes, sharp single-day gains, and breakouts above key technical resistance levels, followed by investors who missed the move re-entering the market. He believes that the probability of a significant Bitcoin pullback is currently decreasing, and market FOMO sentiment may further intensify.However, Jason Fernandes, co-founder of AdLunam, remains cautious. He noted that without sustained spot ETF inflows and clear signals of interest rate cuts, it is still too early to confirm the bear market is over, and Bitcoin may lose upward momentum near resistance levels.Analysts point out that the current rally is driven by multiple factors, including the U.S. Treasury's expansion of its bond buyback program, declining long-term yields, and improved sentiment toward risk assets. Previously, Bitcoin had been consolidating in the $64,000 to $66,000 range, accumulating significant short positions in the market. The breakout triggered cascading liquidations in the derivatives market, accelerating the price surge.Tobias Bauer, co-founder of TBV, noted that Bitcoin futures trading volume on Binance reached $1.26 billion within a minute—361 times the normal level—while funding rates rose to exchange limits, indicating crowded leveraged longs in the market and rising costs for chasing the rally. (CoinDesk)
Odaily News比特币 rose to its highest level since May before the US market opened on Friday, briefly touching $79,400 during trading before hovering around $78,000, just one step away from the key resistance level of $80,000. US spot Bitcoin ETFs recorded net inflows of $606 million on Thursday, the highest level since May 1, boosting market risk appetite.James Butterfill, Head of Research at CoinShares, stated that this rally is primarily driven by macroeconomic factors rather than factors within the crypto market itself, noting that Bitcoin remains highly sensitive to changes in liquidity expectations and real yields. Previously, US inflation data came in below expectations, employment data weakened, and the US Treasury announced measures to push down long-term Treasury yields, all of which drove risk assets higher.Butterfill pointed out that $80,000 is an important demarcation line for Bitcoin at present. To form an effective breakout, the market needs further confirmation that the Federal Reserve's monetary policy is shifting toward easing, with related signals potentially released at next week's Jackson Hole symposium.However, he also cautioned that if inflation remains persistently high or the dollar weakens, the Fed may be forced to adopt a more cautious policy. Additionally, the scale of accumulation by large holders remains relatively limited, and the market still lacks strong confidence to support a sustained breakout. Going forward, US spot Bitcoin ETF fund flows and macroeconomic data performance will serve as key indicators for judging the sustainability of the trend. (CoinDesk)
Odaily News According to on-chain monitoring, the whale Loracle (0x8def...92dae) currently holds a 3x leveraged short position on HYPE, comprising 685,740 HYPE tokens with a position value of approximately $51.462 million. The entry price was $53.716, and the current unrealized loss stands at approximately $14.52 million.
According to disclosures by Ember, the whale or institutional entity dubbed "7 Siblings" employs an ETH trading strategy of buying after short-term sharp declines and selling after short-term surges. Following ETH dips of over 10% in February and June this year, the address made purchases on both occasions, with the June entry price at $1,789. Today, 7 Siblings sold 18,500 ETH at an average price of $2,356.
Whale "Set Ten Big Goals First" posted that its short trade was originally intended to capture a re-entry into long positions after a pullback, but market movements unfolded contrary to expectations. With a preset stop-loss set at $70,400, the failure to close the position in time allowed prices to rally to approximately $71,500, causing losses to widen from an initially acceptable $2 million to $4.6 million.
According to analyst Darkfost, Bitcoin's apparent demand continues to rise, currently exceeding 25,000 BTC and marking a new high for 2026. He believes that the current upward market momentum is supported by genuine spot demand, indicating that buyer demand exceeds new network supply, which reflects a relatively healthy market condition. However, relevant indicators still require continuous monitoring to confirm whether this trend is sustainable.
QCP reported that Bitcoin's rise is linked to declining US long-term Treasury yields and a weakening US dollar, following the US Treasury's announcement to expand the scale of its long-term Treasury liquidity support repurchase agreements starting September 9. Markets will now focus on the US July PCE data on August 26, the Jackson Hole Global Central Bank Symposium from August 27 to 29, and the Federal Reserve's policy meeting on September 15–16. QCP believes that the key factor for the current cryptocurrency market is whether spot demand can sustain itself following initial position adjustments, particularly amid the backdrop of rising leverage.
CryptoQuant analyst BorisD stated that the primary driver behind Bitcoin's recent rally is not spot buying pressure, but rather passive buying triggered by the concentrated liquidation of short positions on Binance Futures. Data indicates that Binance's short squeeze metric reached 6.94 this week, exceeding the 5.38 recorded in November 2024 and marking the highest level since then. Should sustained spot demand fail to follow, the futures-driven rebound remains vulnerable to corrections once its momentum wanes.
According to The Block, South Korea's largest cryptocurrency exchange Upbit saw a 273% surge in trading volume over the past 24 hours, reaching approximately $1.84 billion and marking its highest single-day level since mid-March. XRP was the most traded cryptocurrency on the platform, with approximately $419 million in volume, followed by Bitcoin, USDT, and Ethereum.