Peter Schiff Says Bitcoin Rally Is Another Sell Opportunity 👀
Peter Schiff says he does not understand why Bitcoin was not sold off today, but believes the current rally gives holders another chance to exit. He called $65K a resistance level, arguing that upside from here is limited while downside risk remains much larger.
Strategy added $150M to its USD Reserve and repurchased $132M of $STRC, extending USD Duration to 2.8 yrs (+41 days) and tightening STRC BTC Credit to 114 bps (-4 bps). As of 8/16/26: ₿840,447 BTC Reserve; $4.8B USD Reserve. $MSTR
Bitwise says UNI, HYPE and AAVE may be undervalued because the market is not fully pricing in the link between protocol revenue and token value. Hyperliquid reportedly uses around 99% of fee revenue to buy back HYPE and has already bought and burned $1.3B worth of tokens, while Uniswap, Aave, Pump.fun, Lighter and others are moving toward similar revenue-linked mechanics.
BTC is trading near its 200-week moving average. This is an area around which, historically, massive liquidations have occurred and a “global bottom” has begun to form. $BTC
🚨 Harmony is investigating a suspected exploit that led to the unauthorized minting of around 4 billion ONE tokens, equal to roughly 26% of the total supply.🚨
🔽Around 2.8 billion ONE were reportedly moved to exchanges, sending the token’s price down more than 34%.
➡️Harmony is working with exchanges to freeze funds, develop a patch, and evaluate rollback options.
Strategy increased its USD Reserve by $650M and repurchased $109M of $STRC. This increased USD Duration by 143 days to 2.7 yrs and tightened STRC's BTC Credit by 10 bps. As of 8/9/26, we hold ₿840,447 in our BTC Reserve and $4.65B in our USD Reserve. $MSTR strategy.com/press/strategy…
Bitcoin continues to have support at the $64.8k area, which is the new weekly open. The price action remains choppy, and $65k is proving to be a strong level of 4hr resistance. For now I am watching the Monday Range play out, but a 4hr close above $65.5k and the uptrend could resume with a push towards $66.9k (Prev Month High.) $64.3k area is my first level of interest for a lower retest, but just observing currently.