BTC has rallied strongly, reaching around $77,000–$79,000 this week.
Bitcoin gained roughly 23% over the week, its strongest weekly performance in years.
The Economic Times +1
U.S. spot Bitcoin ETFs recorded about $1.92 billion of inflows for the week through Aug. 21, showing renewed institutional demand.
CryptoRank +1
The rally has also caused a major short squeeze, with billions of dollars of short positions liquidated.
Investor's Business Daily
BTC sentiment: 🟢 Bullish, but after such a fast rise, a short-term pullback is possible.
Bitcoin gained roughly 23% over the week, its strongest weekly performance in years.
The Economic Times +1
U.S. spot Bitcoin ETFs recorded about $1.92 billion of inflows for the week through Aug. 21, showing renewed institutional demand.
CryptoRank +1
The rally has also caused a major short squeeze, with billions of dollars of short positions liquidated.
Investor's Business Daily
BTC sentiment: 🟢 Bullish, but after such a fast rise, a short-term pullback is possible.
