$Bitcoin :
Bitcoin reached a high of $79,400 on Friday before falling back to close to $76,900. The cryptocurrency has increased by 8.8% since midnight UTC and nearly 24% since Monday morning, marking the most significant weekly gain since March 2023. The rally was kicked off by a US Treasury bond buyback announcement on Wednesday that extended the gains from earlier in the week.
Bitcoin has now surpassed the $76,000 level implied by the inverse head-and-shoulders pattern that had been forming since June's $57,750 lows — traders who bought the $66,600 neckline break have made their measured-move target.
According to CoinGlass, short positions accounted for $1.06 billion of the 24-hour total of derivatives positions that were liquidated on Wednesday, totaling $3.3 billion.
On the cusp of turning positive for the first time since February 26, CryptoQuant's 30-day apparent spot demand has recovered from minus 206,000 BTC on July 23 to roughly minus 5,000, a signal that has historically delivered an 18% median gain over the following 60 days with a 78% win rate.

$BITCOIN
$WCT
$BTC
#BitcoinStrongestWeekSinceMarch2023 #AnthropicIPOCouldTopSpaceXRecordReportsSay #BSTREndsCantorSPACGoPublicPlan #SP500EndsWeeklyWinStreak #SandboxSANDSuspectedInfiniteMintFlawOnBase
Bitcoin reached a high of $79,400 on Friday before falling back to close to $76,900. The cryptocurrency has increased by 8.8% since midnight UTC and nearly 24% since Monday morning, marking the most significant weekly gain since March 2023. The rally was kicked off by a US Treasury bond buyback announcement on Wednesday that extended the gains from earlier in the week.
Bitcoin has now surpassed the $76,000 level implied by the inverse head-and-shoulders pattern that had been forming since June's $57,750 lows — traders who bought the $66,600 neckline break have made their measured-move target.
According to CoinGlass, short positions accounted for $1.06 billion of the 24-hour total of derivatives positions that were liquidated on Wednesday, totaling $3.3 billion.
On the cusp of turning positive for the first time since February 26, CryptoQuant's 30-day apparent spot demand has recovered from minus 206,000 BTC on July 23 to roughly minus 5,000, a signal that has historically delivered an 18% median gain over the following 60 days with a 78% win rate.

$BITCOIN
$WCT
$BTC
#BitcoinStrongestWeekSinceMarch2023 #AnthropicIPOCouldTopSpaceXRecordReportsSay #BSTREndsCantorSPACGoPublicPlan #SP500EndsWeeklyWinStreak #SandboxSANDSuspectedInfiniteMintFlawOnBase
