🔥 Major Institutional Signal! Starkiller Confirms the Cycle Bottoming Out, Fully Closes All Short Positions
On August 21, crypto institution Starkiller released a report. Based on the recent strong rebound, it is highly confident that digital assets have already reached the bottom. It had already liquidated all short positions last month.
BTC and ETH have both climbed above the 200-day moving average, the first time since the previous cycle ended. Prices have held above the early-year VWAP. This bear market lasted 315 days—nearing the historical average duration for a bear cycle.
Regulatory implementation is progressing, and U.S. Treasury buybacks have improved liquidity—both serving as key drivers of the market reversal.
This new bull market will not bring back an all-around surge❗ Capital will concentrate on assets with real revenues and value capture. Tokens without fundamental support still face shorting risk even if the broader market strengthens.
Institutional note: BTC around the $80,000 area may see a phase of pullback.
Long-term, it is exceptionally bullish on stablecoins, asset tokenization, on-chain derivatives, and DeFi neutral-yield strategies. The turning point of the new cycle has arrived.
#Bitcoin Intra-day Hit $75,500