#比特币周涨23.6%
Is there still a chance for a bull market?
$BTC Had a weekly gain of 23.6%. It surged from $62,000 to $79,500, one of the strongest weekly performances since 2023. More importantly, the U.S. spot BTC ETF saw net inflows of about $1.92 billion over the week; on August 20 alone, net inflows reached $606 million. This suggests this rally is not just a short-squeeze—institutional capital is also stepping in and continuing the momentum.
Behind this are macro catalysts such as U.S. Treasury buybacks, a weakening U.S. dollar, and improving expectations for regulation. My view: the trend is strengthening, but the short-term market is already clearly overheated. $80,000 is a key psychological level. Strategy-wise, don’t chase. If it pulls back to the $76,000–$78,000 area and stabilizes, consider buying in batches. If it breaks higher and holds above $80,000 on increased volume, then we can look toward $85,000–$90,000. As long as ETF inflows continue, there’s still room for a bull market. But if the capital flow stops, that 23.6% rally could quickly turn into fuel for a pullback and retracement.
Is there still a chance for a bull market?
$BTC Had a weekly gain of 23.6%. It surged from $62,000 to $79,500, one of the strongest weekly performances since 2023. More importantly, the U.S. spot BTC ETF saw net inflows of about $1.92 billion over the week; on August 20 alone, net inflows reached $606 million. This suggests this rally is not just a short-squeeze—institutional capital is also stepping in and continuing the momentum.
Behind this are macro catalysts such as U.S. Treasury buybacks, a weakening U.S. dollar, and improving expectations for regulation. My view: the trend is strengthening, but the short-term market is already clearly overheated. $80,000 is a key psychological level. Strategy-wise, don’t chase. If it pulls back to the $76,000–$78,000 area and stabilizes, consider buying in batches. If it breaks higher and holds above $80,000 on increased volume, then we can look toward $85,000–$90,000. As long as ETF inflows continue, there’s still room for a bull market. But if the capital flow stops, that 23.6% rally could quickly turn into fuel for a pullback and retracement.