Brothers, good afternoon! Today’s market is one word—fierce.

BTC reclaimed the $69,000 mark after nearly three months, once even edging close to the $70,000 level. ETH is up more than 18%, regaining the $2,200 level for the first time in nearly five months. Over the past 24 hours, shorts were liquidated by more than $3.6 billion—marking the largest short-squeeze day in nearly two years. Although the Fed meeting minutes were hawkish, the market didn’t take it seriously at all—buy orders simply swallowed every bad headline.

📊 Market data

· BTC: current price around $69,000–$69,400, up about 7%–8% over the past 24 hours. It even briefly neared $70,000, the highest since June. Intraday, it surged from 62,484 to 70,450, up more than 12%.

· ETH: Current price around $2,248–2,259; 24-hour gain around 17%–19%. After nearly five months, it reclaimed the $2,200 level for the first time.

· SOL: Current price around $82–85; 24-hour gain around 11%–11.5%. A strong breakout above the $78 resistance level.

· Gold: Spot gold is up more than 4%, at $4,519 per ounce.

💥 Liquidation data: Shorts got slaughtered, marking the biggest short-liquidation day in nearly two years

In the past 24 hours, the crypto market saw a historic-scale short squeeze. In the last 24 hours, total liquidations across the entire network were about $2.975 billion to $3.638 billion, and short position liquidations exceeded about $2.7 billion to $3.332 billion. This became the biggest short-liquidation day in the crypto market in nearly two years. More than 170,000 people worldwide were liquidated. In just 1 hour, $1.22 billion in short positions were concentrated and closed.

In detail, liquidations in Bitcoin were about $1.664 billion, while liquidations in Ethereum were about $1.343 billion. Bitcoin short positions were liquidated by $678 million, and Ethereum short positions by $423 million.

Overnight, those who were short were nearly wiped out. The buy pressure caused by forced closing of short positions is an important factor driving the rapid rise of major mainstream crypto assets this round.

📰 Macro and regulatory updates: A resonance of three positive catalysts

Positive news #1: The U.S. Treasury steps in to “save” the bond market

The U.S. Department of the Treasury announced that it will at least double the scale of long-term Treasury bond repurchases (the single-call limit increased from $2 billion to $4 billion), effective September 9. This move aims to provide more liquidity support to the long-duration bond market, lower yields on long-term U.S. Treasuries, and give risk assets some breathing room.

Positive news #2: The SEC officially proposes new rules for issuing crypto assets

On August 18, the SEC officially submitted a draft (crypto-asset regulatory rules). The core content includes: a startup exemption (total not exceeding $5 million within 4 years), a financing exemption (up to $75 million within 12 months), and a safe-harbor arrangement (once the token reaches sufficient decentralization, it can exit the securities-qualification determination). This is the first major rulemaking process the Trump administration has launched specifically for the digital-asset industry.

Positive news #3: The White House meeting with the crypto industry

Trump convened a crypto-industry meeting at the White House, with big players like Coinbase and Ripple in attendance. The meeting could bring new policy catalysts.

Hawkish, but ignored: Fed meeting minutes

The Fed meeting minutes released a somewhat hawkish signal. Many officials believe that if inflation can’t come down, further tightening of monetary policy is necessary. But the market didn’t seem to care at all—BTC instead surged nearly 8%.

📊 Key levels

· BTC: It has broken above 69,000; resistance at 70,000–70,500, support at 68,000–68,500. After breaking through multiple resistances at 64,000, 66,000, and 68,000, the bulls are indeed strong. If a retest of 68,500–68,800 holds, you could consider going long.

· ETH: It has reclaimed 2,200; resistance at 2,300–2,350, support at 2,100–2,150.

· SOL: It has broken through the $78 resistance; resistance at 85–86, support at 80–82.

💡 Summary

BTC returned to $69,000 after nearly three months; ETH reclaimed $2,200; shorts totaling $3.6 billion were wiped out—the market sentiment has completely reversed. A three-part boost has converged: the Treasury expanded Treasury bond repurchases, the SEC officially proposed new crypto rules, and the White House crypto meeting created a positive catalyst. The short squeeze is providing extra momentum to the upside, and institutional capital is accelerating back in.

But don’t ignore the risks—this rally in the short term is mainly driven by the concentrated liquidation of short positions. If there’s not enough spot demand to back it up, the sustainability of the rebound may be limited. The 70,000 level is the real litmus test—if it holds above it, shorts will continue to bleed; if it can’t hold, it’s another “wolf is coming” story.

Brothers, did the shorts get liquidated and take the hit this time? Let’s chat in the comments. 👇 #WhiteHouseSummit: Trump said he discussed buying BTC #The Fed July FOMC minutes were 9-3, and disagreement on rate hikes is still there $ETH $SOL