🔥 In three days, surge up 18%! Bitcoin breaks through $75,500, and shorts are wiped out!
#比特币日内触及75500美元
During the Asian trading session on August 21, Bitcoin surged strongly to touch $75,500, and briefly spiked as high as $75,782. In the prior three days, BTC was violently lifted from $64,100, with a gain of as much as 18.2%. The weekly rise exceeded 19%, marking the best single-week performance since March 2023.
📋 Three major catalysts in sync:
① A doubling in U.S. Treasury buybacks sparks “fiscal dominance” concerns: The Ministry of Finance plans to raise the scale of long-term debt buybacks from $2.0 billion to at least $4.0 billion. The 30-year yield, which had been near a high of 5.34%, fell sharply, and the U.S. dollar index dropped below 99. VanEck’s head of digital asset research stated bluntly: “The rally is driven by actions from the Treasury, reigniting market concerns about fiscal dominance.”
② Regulatory signals improve across the board: Trump convened executives from Coinbase, Ripple, and others at the White House, urging the Senate to advance the CLARITY Act, and hinting that he may consider purchasing a “significant quantity” of Bitcoin as reserves. The CFTC chair also delivered a tough message: if the bill stalls, authority already in hand would be used to establish a regulatory framework for the crypto market.
③ An epic short squeeze: Over the past 24 hours, more than 136,000 traders were liquidated; shorts alone accounted for $3.7 billion, setting the most brutal squeeze record since 2021.
📈 Spillover effect: ETH jumped 18% in a day to $2,361, XRP rose 20%, and SOL broke above $90. Spot Bitcoin ETFs saw net inflows for four consecutive days; on August 19 alone, inflows reached $517 million. Strategy’s holdings are 840,447 BTC at an average price of $75,385—just now breaking even and getting out of the position.
$BTC
$ETH
#比特币日内触及75500美元
During the Asian trading session on August 21, Bitcoin surged strongly to touch $75,500, and briefly spiked as high as $75,782. In the prior three days, BTC was violently lifted from $64,100, with a gain of as much as 18.2%. The weekly rise exceeded 19%, marking the best single-week performance since March 2023.
📋 Three major catalysts in sync:
① A doubling in U.S. Treasury buybacks sparks “fiscal dominance” concerns: The Ministry of Finance plans to raise the scale of long-term debt buybacks from $2.0 billion to at least $4.0 billion. The 30-year yield, which had been near a high of 5.34%, fell sharply, and the U.S. dollar index dropped below 99. VanEck’s head of digital asset research stated bluntly: “The rally is driven by actions from the Treasury, reigniting market concerns about fiscal dominance.”
② Regulatory signals improve across the board: Trump convened executives from Coinbase, Ripple, and others at the White House, urging the Senate to advance the CLARITY Act, and hinting that he may consider purchasing a “significant quantity” of Bitcoin as reserves. The CFTC chair also delivered a tough message: if the bill stalls, authority already in hand would be used to establish a regulatory framework for the crypto market.
③ An epic short squeeze: Over the past 24 hours, more than 136,000 traders were liquidated; shorts alone accounted for $3.7 billion, setting the most brutal squeeze record since 2021.
📈 Spillover effect: ETH jumped 18% in a day to $2,361, XRP rose 20%, and SOL broke above $90. Spot Bitcoin ETFs saw net inflows for four consecutive days; on August 19 alone, inflows reached $517 million. Strategy’s holdings are 840,447 BTC at an average price of $75,385—just now breaking even and getting out of the position.
$BTC
$ETH