Daily Market
Bitcoin Breaks Through $77,000 Under Short Squeeze and Strong ETF Inflows, Regulatory Push Strengthens the Rebound
Driven by improving liquidity and increasing regulatory certainty, the crypto market shows a strong rebound. However, investors should remain cautious about the risk of leverage liquidations after chasing price gains in the short term.
BTC price breaks through $77,000 as, supported by liquidity measures from the U.S. Department of the Treasury and a squeeze of derivatives shorts, more than $4 billion in short positions were liquidated over two days. Spot BTC ETFs have maintained large net inflows for multiple consecutive days, providing clear institutional spot-buying support that helped lift prices.
CFTC Chair said that if Congress fails to pass the “CLARITY Act” by September 15, the agency will, based on its existing authority, unilaterally establish rules for crypto margin trading. In addition, the SEC has for the first time approved Franklin Templeton to include its tokenized money market fund into traditional fund cash-management, accelerating the alignment between traditional finance and on-chain assets.
Next, the key focus will be: the sustainability of spot BTC ETF inflows and the implementation of regulatory policies around and after the bill vote in mid-September. Do you think BTC can hold above $80,000 in the near term?
Bitcoin Breaks Through $77,000 Under Short Squeeze and Strong ETF Inflows, Regulatory Push Strengthens the Rebound
Driven by improving liquidity and increasing regulatory certainty, the crypto market shows a strong rebound. However, investors should remain cautious about the risk of leverage liquidations after chasing price gains in the short term.
BTC price breaks through $77,000 as, supported by liquidity measures from the U.S. Department of the Treasury and a squeeze of derivatives shorts, more than $4 billion in short positions were liquidated over two days. Spot BTC ETFs have maintained large net inflows for multiple consecutive days, providing clear institutional spot-buying support that helped lift prices.
CFTC Chair said that if Congress fails to pass the “CLARITY Act” by September 15, the agency will, based on its existing authority, unilaterally establish rules for crypto margin trading. In addition, the SEC has for the first time approved Franklin Templeton to include its tokenized money market fund into traditional fund cash-management, accelerating the alignment between traditional finance and on-chain assets.
Next, the key focus will be: the sustainability of spot BTC ETF inflows and the implementation of regulatory policies around and after the bill vote in mid-September. Do you think BTC can hold above $80,000 in the near term?