Bitcoin holds around 78,000 USD, on the verge of 80,000, after posting its biggest gain in three sessions since 2023: up more than 20%, driven by the U.S. Treasury’s announcement to double its long-term debt buybacks.
The rally liquidated positions worth more than 4,000 M$ between August 20 and 21, one of the largest events of this kind according to Kobeissi and CNBC. Spot BTC ETFs added roughly 1,900 M$ net inflows for the week (SoSoValue), their best reading since October.
The challenge now: to consolidate above 77,000 USD without excessive leverage.
Educational content, not financial advice.
Mister Tuto · @Bull
#Bitcoin #BTC #Crypto #Bull
The rally liquidated positions worth more than 4,000 M$ between August 20 and 21, one of the largest events of this kind according to Kobeissi and CNBC. Spot BTC ETFs added roughly 1,900 M$ net inflows for the week (SoSoValue), their best reading since October.
The challenge now: to consolidate above 77,000 USD without excessive leverage.
Educational content, not financial advice.
Mister Tuto · @Bull
#Bitcoin #BTC #Crypto #Bull
