On Aug 24 UTC+8, the wallet tracked by onchain analyst bowen1476 opened its 15th Bitcoin short in five days, shorting 300 BTC at 40x leverage for about $23 million notional. Its prior 14 trades ended in losses totaling $4.56 million. The new position entered near $77,100 as BTC traded around $77,500.

Bitcoin miner Bitari Inc. said it is seeking to raise about $30 million as it moves ahead with an initial public offering and a planned Nasdaq listing. The company is proposing to sell 4.3 million shares at $7 each.

Bitcoin traded near $77,000 on Monday after surging more than 23% last week, marking its strongest weekly advance since mid-March 2023. The move followed a U.S. Treasury decision to expand debt buybacks, which improved broader risk appetite and helped propel crypto. Institutional demand added fuel. U.S. spot Bitcoin ETFs recorded about $1.92 billion in net inflows last week, the largest weekly haul so far this year and the biggest since mid-October 2025, SoSoValue data shows. Profit-taking builds as BTC approaches $80,000 On-chain indicators suggest some investors are locking in gains as Bitcoin nears the closely watched $80,000 level. CryptoQuant estimates holders realized roughly $1.72 billion in profits on Friday, the largest single-day realized profit figure since late November 2024. Historically, sharp spikes in realized profits can lead to near-term consolidation or pullbacks as additional supply reaches the market, without necessarily derailing a broader recovery. Even so, demand signals have improved. CryptoQuant's apparent demand gauge has turned positive after remaining negative since late February, pointing to firmer net buying interest that could help offset selling tied to profit-taking. ETF flows remain central The size of recent ETF inflows highlights the role institutional money has played in Bitcoin's advance. Sustained inflows could support further attempts to clear resistance. A slowdown in institutional demand would raise the risk that price struggles to hold gains as short-term momentum looks stretched. Key technical levels: $78.5K–$81K in focus Bitcoin recently challenged the 61.8% Fibonacci retracement at $78,490, based on the Aug 2024 low near $49,000 and the Oct 2025 record high of $126,199. A weekly close above $78,490 would strengthen the bullish setup and bring the 50-week simple moving average at $81,059 into view. The $80,000 psychological barrier sits between those levels. If Bitcoin clears that resistance band, the next upside levels cited by technicians are the 50% Fib at $87,599 and the 100-week SMA around $88,990. Momentum is positive, but short-term readings look stretched Bitcoin remains well above its 200-week SMA at $64,571 after breaking out of a lengthy consolidation. Weekly momentum indicators point to a constructive trend: the weekly RSI is around 55, and the weekly MACD remains bullish following a mid-July crossover. On the daily timeframe, BTC is holding above the 50/100/200-day EMAs at $66,786, $67,415 and $71,781. The daily RSI near 79 signals overbought conditions, increasing the odds of a pause or retracement. Support levels on any pullback Initial support sits at the 200-day EMA near $71,781 and the $70,000 psychological level. Below that, traders will watch the 100-day EMA near $67,415, the 50-day EMA near $66,786 and a nearby horizontal area around $66,500. A deeper decline would expose support near $62,300. Bottom line Bitcoin's rebound is being underpinned by improved macro sentiment and renewed institutional inflows, but elevated realized profits and an overbought daily RSI point to the risk of short-term consolidation as price tests resistance around $78.5K–$80K. Attention remains on whether buyers can absorb profit-taking and deliver a weekly close above $78,490, which would shift focus toward $81,000 and the $87.6K–$89K zone.

Bitcoin climbed back above $80,000 on Monday, clearing a major psychological and technical level for the first time since mid-May. BTC/USD rose about 3% at the time of reporting before giving back some gains after the European session, as traders assessed the breakout rather than immediately chasing a clean trend. The move coincided with a sharp pickup in activity across leveraged markets. CoinGlass data showed total crypto short liquidations exceeding $220 million over the past 24 hours as Bitcoin pushed toward the $80,000 area—often a sign that crowded bearish positioning was forced to unwind during the advance. CoinGlass' liquidation heatmap points to support forming in the mid-$70,000s, with a notable bid-liquidity band centered around $76,700. Such clusters can help explain why pullbacks sometimes stabilize near specific levels, though they reflect reactive positioning and do not guarantee that support will hold. Market focus is now shifting from the rally itself to whether Bitcoin can sustain strength above reclaimed levels. Analyst Rekt Capital said the key question is whether the breakout has "staying power," noting that Bitcoin posted a weekly close at the highs: "Bitcoin has Weekly Closed at the highs. Now starts the real test." He added that if the move proves to be a bear-market relief bounce, a pullback could arrive as early as this week or within the next few weeks. A central technical reference remains the 50-week exponential moving average, which Rekt Capital placed near $77,251. He said Bitcoin has recorded its first weekly close above that trend line since November 2025, while also pointing to 2022 as a reminder that brief closes above major trend measures can fail without follow-through. Traders are expected to watch whether BTC can hold above $80,000 in coming sessions and whether weekly closes continue to validate the breakout. Near-term attention remains on the 50-week EMA around $77,251 and price behavior during any retracement toward the liquidation-related liquidity band centered at $76,700.

Webull CEO said on CNBC that stepped-up purchase activity tied to U.S. Treasuries helped ignite a strong rally in Bitcoin. He added that the platform is seeing close to a 300% surge in buy-side orders for major cryptocurrencies, including Bitcoin and Ether (ETH).

Bitcoin has moved back into the No. 12 position on the global Largest Assets by Market Capitalization ranking, overtaking Tesla and Facebook.

Bitcoin (BTC) briefly reclaimed the $80,000 mark on Monday before quickly retreating, with the token changing hands around $78,835 at the time of writing. The move followed renewed attention on the U.S. Treasury General Account (TGA), the government’s cash balance at the Federal Reserve that is replenished by tax receipts. Treasury Secretary Scott Bessent has allowed the balance to build, with recent figures putting it close to $950 billion. Treasury’s daily cash statement showed $935.1 billion as of August 20, the latest official reading. CNBC, citing two senior Treasury officials, reported the department is weighing the use of TGA funds to help finance larger bond buybacks. The Treasury doubled its buyback size on August 19, lifting long-end operations from $2 billion to at least $4 billion each. The first such operation is scheduled for September 9, according to the department’s announcement. Market participants focused on the liquidity implications. Deploying TGA cash does not expand the Federal Reserve’s balance sheet; it reallocates funds into bank reserves, a dynamic traders often treat as a liquidity tailwind—an environment that has supported Bitcoin during the month. Still, the bond market’s reaction last week offered a cautionary template. Treasury yield data show the 30-year yield reached 5.31% on August 17, the highest since 2007. After the buyback headlines, it slipped to 5.19% two days later, only to rebound to 5.27% by August 21, erasing the rally in two sessions. On Monday, yields dipped again, with the 30-year near 5.21% and the 10-year around 4.69%, helping push Bitcoin back to $80,000 before the pullback. Critics argue the trade may struggle to hold. Bessent has described the approach as a "Treasury Twist," echoing the 1961 "Operation Twist" effort to push long-term rates lower. Citadel Securities labeled the expanded buybacks "financial repression," warning the policy could pressure the dollar and reignite inflation while leaving underlying fiscal deficits unaddressed. Euro Pacific Asset Management chief economist Peter Schiff said the plan would shorten the average maturity of U.S. debt and increase sensitivity to rising short-term rates, calling it a setup for "massive QE and runaway inflation." Former Chicago Fed economist Benjamin Chabot questioned whether using the TGA would matter in practice, noting the funds are largely committed and that the key issue is how Treasury replenishes the account after any purchases. Fundstrat’s Tom Lee offered a more constructive view, arguing the shift favors long-duration assets—listing equities, crypto, gold and real estate. For now, Treasury has not deployed TGA funds. September 9 is positioned as the first date when the discussion could shift from headlines to measurable flows.

Strategy, the bitcoin-focused treasury company formerly known as MicroStrategy, has repurchased 1.43 million common shares for about $136 million, according to CryptoBriefing. The buyback comes as the company continues to manage its capital structure alongside its multiyear strategy of accumulating bitcoin as its primary reserve asset. CryptoBriefing also put Strategy's U.S. dollar reserves at roughly $5 billion. Cash figures reported elsewhere are not consistent. Yahoo Finance separately described Strategy as having built a $1.59 billion USD cash pool designated for future bitcoin purchases. It remains unclear whether the two numbers refer to the same cash reserve, separate pools, or different reporting snapshots. Strategy has funded bitcoin purchases over several years through a combination of equity issuance, convertible debt, and preferred stock. Holding a sizable cash buffer can give the firm flexibility to buy bitcoin without needing to raise capital on short notice. While share repurchases are distinct from bitcoin accumulation, the two can intersect in investor perception. Buybacks reduce shares outstanding and may support per-share metrics even if underlying holdings are unchanged. With Strategy's stock often trading as a market proxy for bitcoin exposure, repurchase activity can also affect how investors gauge the relationship between the share price and the value of the company's assets. Whether the company's dollar liquidity is closer to $5 billion or $1.59 billion, the reported levels suggest material cash on hand beyond its bitcoin holdings. That liquidity provides optionality: additional bitcoin purchases, continued buybacks, or reserves for operations and financing, depending on market conditions and management priorities. The gap between the reported cash figures highlights a broader challenge in tracking corporate treasury disclosures in real time, especially for companies running active capital markets programs where amounts can reflect different time points, accounting treatments, or earmarked uses. Investors will likely look to the company's filings or statements for clarity. Market impact: Holders of Strategy's stock and convertible securities are likely to focus on how the reported cash translates into potential near-term bitcoin buying or further buybacks. If the larger reserve figure is confirmed, it could imply capacity for additional bitcoin purchases without new capital raises, a point of interest for market participants tracking large corporate buyers. FAQ - What did Strategy repurchase? CryptoBriefing reported that Strategy bought back 1.43 million common shares for approximately $136 million. - How much cash does Strategy hold? Reports differ: CryptoBriefing cited USD reserves near $5 billion, while Yahoo Finance reported a $1.59 billion cash pool intended for bitcoin purchases. - Why hold large cash reserves alongside bitcoin? Cash can provide flexibility for future bitcoin purchases and other capital needs without immediate equity or debt issuance. - Does the buyback change bitcoin holdings? No. Buybacks affect share count and capital structure and are separate from bitcoin treasury holdings. Originally reported by AltcoinGordon; written by Noah Sullivan; republished with permission.

Bitcoin ETF assets rose 25.4% last week, climbing to $96.1 billion from $76.6 billion, according to Decrypt.