🚀 August 22|Crypto Market Weekend Snapshot
$BNB 🧧🧧
🔥 BTC holds steady at $77,000, strong weekly gains continue
BTC is currently around $77,000; this week it is up about 23%, and at one point intraday it nearly touched $80,000. ETH is around $2,430–$2,520, with a weekly gain of over 30%. XRP, SOL, and BNB are all also strengthening in tandem.
The global crypto market’s total market cap has risen to about $2.7 trillion, and market sentiment has moved into Greed.
💰 ETF inflows remain the core catalyst
U.S. spot BTC ETFs have continued to receive strong net inflows, and institutional demand has become an important support for this breakout.
🏦 BlackRock continues to add to BTC and ETH
Data shows BlackRock has recently made large additional purchases of BTC and ETH. Institutional capital is shifting from waiting to actively allocating.
💥 The Short Squeeze isn’t over yet
Over the past 24 hours, about $1.2B in short positions were liquidated. In the preceding days, the cumulative liquidation amount had already exceeded $4B, further amplifying upward momentum.
🟣 ZEC becomes the new market focus
Zcash surged to around $850 at one point, up more than 45%. The market is watching Grayscale’s potential Zcash spot ETF.
🎯 Standard Chartered: BTC could head toward $126,000
Standard Chartered analysts believe the previous $100,000 target may have been too low, and that a retest of around $126,000 before year-end is certainly possible.
🇺🇸 The macro narrative is still building
The U.S. Treasury has expanded the size of its long-term Treasury repurchase program, and the total size of U.S. Treasuries has also surpassed $4 trillion. Liquidity and fiscal pressure continue to be key macro backdrops for BTC.
⚠️ Weekend trading still needs caution for volatility
BTC has climbed from about $64K this week all the way to near $80K. The pullback to around $77K now is normal profit-taking.
In the short term, watch support around $75K–$76K.
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🚄 This week’s story has already shifted from “a bounce” to “a breakout.”
ETF inflows are coming in, institutions are buying, shorts are exiting, and capital is starting to spread into ETH, XRP, SOL, and ZEC.
After BTC holds $77K, what’s next—$80K, or even higher?
Lower liquidity over the weekend
The train has been traveling at high speed; next, we’ll see whether it can keep accelerating.
$BTC $BNB
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