News linked to this event type.
According to Auntie Ai, trader Jason60704294 ("Set 10 Big Goals First") has partially stopped out their BTC and ETH short positions, incurring a loss of $10.158 million, with the latest stop-loss price at $80,500.
Odaily News: "First, set 10 big goals" posted on Platform X, stating: "The market moved quickly today, so I didn't have time to open a post. Here's an update on my current short position.1. After the previous short trade ended, I re-entered a short position around 76,000. The logic is actually quite simple. When I opened a long position around 63,000, my initial target was 74,000. I believed the bull market had returned, and that assessment hasn't changed. However, I've always thought this round would be a volatile uptrend rather than moving straight to 84,000 or even 90,000 without any pullback. At least from a macro and market structure perspective, I haven't seen enough signals to support such a move yet. So I re-opened a short position around 76,000. After entering, the price quickly spiked to a high of 79,500. My planned stop-loss wasn't executed as expected (I set it in advance, but the system didn't fill it).2. I've already reduced the majority of my short position — not because I've changed my view, but to control risk first. If the price continues to surge from here, 82,000 or 84,000 are both possible, so there's no need to bet my entire position on being right. I'll keep watching with the remaining position. If the daily close holds above 80,500, then I'll admit I was wrong on this trade, close everything out, and take a break. If the price ultimately fails to hold and weakens again, I'll consider adding back the shorts I trimmed. As for chasing longs at this level, I have no interest — the risk-reward ratio has deteriorated.3. Finally, let me share my broader outlook. Last month when the price was around 63,000, I clearly stated that this was a阶段性底部. That assessment remains unchanged. I'm still bullish on BTC in the medium-to-long term, but being bullish medium-to-long term doesn't conflict with taking short positions locally. This short is betting on a pullback within an uptrend, not calling for a new bear market. If I'm wrong, I'll admit it above 80,500. If I'm right, I'll continue executing as planned. I still believe we'll see BTC at $100,000 by March next year."
According to Odaily, Bitcoin recently broke through a key price level, sparking discussions about whether a new bull market has begun. Some analysts believe that rapid gains, concentrated short covering, and technical breakouts are typical signals of a market bottom reversal, but others warn that the macroeconomic environment and capital inflows remain key factors in determining the sustainability of the trend.Mati Greenspan, founder of Quantum Economics, stated that Bitcoin's recent rally is very similar to historical bottoming phases, which are typically accompanied by short squeezes, sharp single-day gains, and breakouts above key technical resistance levels, followed by investors who missed the move re-entering the market. He believes that the probability of a significant Bitcoin pullback is currently decreasing, and market FOMO sentiment may further intensify.However, Jason Fernandes, co-founder of AdLunam, remains cautious. He noted that without sustained spot ETF inflows and clear signals of interest rate cuts, it is still too early to confirm the bear market is over, and Bitcoin may lose upward momentum near resistance levels.Analysts point out that the current rally is driven by multiple factors, including the U.S. Treasury's expansion of its bond buyback program, declining long-term yields, and improved sentiment toward risk assets. Previously, Bitcoin had been consolidating in the $64,000 to $66,000 range, accumulating significant short positions in the market. The breakout triggered cascading liquidations in the derivatives market, accelerating the price surge.Tobias Bauer, co-founder of TBV, noted that Bitcoin futures trading volume on Binance reached $1.26 billion within a minute—361 times the normal level—while funding rates rose to exchange limits, indicating crowded leveraged longs in the market and rising costs for chasing the rally. (CoinDesk)
Odaily News比特币 rose to its highest level since May before the US market opened on Friday, briefly touching $79,400 during trading before hovering around $78,000, just one step away from the key resistance level of $80,000. US spot Bitcoin ETFs recorded net inflows of $606 million on Thursday, the highest level since May 1, boosting market risk appetite.James Butterfill, Head of Research at CoinShares, stated that this rally is primarily driven by macroeconomic factors rather than factors within the crypto market itself, noting that Bitcoin remains highly sensitive to changes in liquidity expectations and real yields. Previously, US inflation data came in below expectations, employment data weakened, and the US Treasury announced measures to push down long-term Treasury yields, all of which drove risk assets higher.Butterfill pointed out that $80,000 is an important demarcation line for Bitcoin at present. To form an effective breakout, the market needs further confirmation that the Federal Reserve's monetary policy is shifting toward easing, with related signals potentially released at next week's Jackson Hole symposium.However, he also cautioned that if inflation remains persistently high or the dollar weakens, the Fed may be forced to adopt a more cautious policy. Additionally, the scale of accumulation by large holders remains relatively limited, and the market still lacks strong confidence to support a sustained breakout. Going forward, US spot Bitcoin ETF fund flows and macroeconomic data performance will serve as key indicators for judging the sustainability of the trend. (CoinDesk)
Odaily News According to on-chain monitoring, the whale Loracle (0x8def...92dae) currently holds a 3x leveraged short position on HYPE, comprising 685,740 HYPE tokens with a position value of approximately $51.462 million. The entry price was $53.716, and the current unrealized loss stands at approximately $14.52 million.
According to disclosures by Ember, the whale or institutional entity dubbed "7 Siblings" employs an ETH trading strategy of buying after short-term sharp declines and selling after short-term surges. Following ETH dips of over 10% in February and June this year, the address made purchases on both occasions, with the June entry price at $1,789. Today, 7 Siblings sold 18,500 ETH at an average price of $2,356.
Whale "Set Ten Big Goals First" posted that its short trade was originally intended to capture a re-entry into long positions after a pullback, but market movements unfolded contrary to expectations. With a preset stop-loss set at $70,400, the failure to close the position in time allowed prices to rally to approximately $71,500, causing losses to widen from an initially acceptable $2 million to $4.6 million.
According to analyst Darkfost, Bitcoin's apparent demand continues to rise, currently exceeding 25,000 BTC and marking a new high for 2026. He believes that the current upward market momentum is supported by genuine spot demand, indicating that buyer demand exceeds new network supply, which reflects a relatively healthy market condition. However, relevant indicators still require continuous monitoring to confirm whether this trend is sustainable.
QCP reported that Bitcoin's rise is linked to declining US long-term Treasury yields and a weakening US dollar, following the US Treasury's announcement to expand the scale of its long-term Treasury liquidity support repurchase agreements starting September 9. Markets will now focus on the US July PCE data on August 26, the Jackson Hole Global Central Bank Symposium from August 27 to 29, and the Federal Reserve's policy meeting on September 15–16. QCP believes that the key factor for the current cryptocurrency market is whether spot demand can sustain itself following initial position adjustments, particularly amid the backdrop of rising leverage.
CryptoQuant analyst BorisD stated that the primary driver behind Bitcoin's recent rally is not spot buying pressure, but rather passive buying triggered by the concentrated liquidation of short positions on Binance Futures. Data indicates that Binance's short squeeze metric reached 6.94 this week, exceeding the 5.38 recorded in November 2024 and marking the highest level since then. Should sustained spot demand fail to follow, the futures-driven rebound remains vulnerable to corrections once its momentum wanes.
According to The Block, South Korea's largest cryptocurrency exchange Upbit saw a 273% surge in trading volume over the past 24 hours, reaching approximately $1.84 billion and marking its highest single-day level since mid-March. XRP was the most traded cryptocurrency on the platform, with approximately $419 million in volume, followed by Bitcoin, USDT, and Ethereum.
According to monitoring by Lookonchain, as the price of ASTER rose, a whale cumulatively realized $2.36 million in profits by going long on ASTER at the Aster decentralized exchange. The whale currently holds a 3.2 million ASTER long position valued at approximately $2.27 million, with unrealized profits exceeding $190,000.
According to disclosures from Ai Yi, assuming no changes to open positions, the whale “First Set Ten Big Goals” currently faces an estimated combined unrealized loss of approximately $10.08 million across its BTC and ETH short positions. Specifically, the 5x leveraged BTC short has a size of 2,449.968 BTC, a position value of approximately $183 million, an entry price of $74,746.10, and an unrealized loss of about $8.73 million; the 7x leveraged ETH short has a size of 15,000 ETH, a position value of approximately $35.21 million, an entry price of $2,347.89, and an unrealized loss of roughly $1.35 million.
According to Ai Yi's monitoring, a whale went long 517,000 SOL with 20x leverage. The current position value is approximately $47.09 million, with an average entry price of $79.3222 and an unrealized profit of around $6.3 million. The address established the position on August 10, becoming the largest position by a significant margin. On August 19, half of the position was closed for a profit of $475,000, before the same portion was re-established that evening at $82.16.
According to Onchain Lens monitoring, a wallet transferred 772,470 LINK tokens worth approximately $8.91 million to Galaxy Digital and Cumberland, possibly for sale. Of this, 602,000 LINK (approximately $6.94 million) was sent to Galaxy Digital, and 170,470 LINK (approximately $1.97 million) was sent to Cumberland.
According to Onchain Lens, Galaxy Digital's OTC wallet transferred 55,990 HYPE to Gate.io minutes ago, valued at approximately $4.15 million.
Odaily News: According to Lookonchain monitoring, a mysterious whale has deposited another 3,000 BTC, worth $226 million, into Binance over the past 2 hours. Since July 19, this whale has deposited a total of 12,513.5 BTC, worth $850 million, into Binance.
Justin Sun stated that he previously invested $45 million to purchase WLFI tokens, and accused World Liberty of subsequently using smart contract permissions to freeze and restrict his tokens, while also threatening to destroy related assets. He noted that the claims in the ongoing lawsuit currently amount to hundreds of millions of dollars, and that he has already obtained a court order prohibiting World Liberty from destroying, redistributing, or otherwise permanently disposing of his related tokens.
According to Chaoxiang Research, Morgan Stanley's August 20 report indicates that gold has hit its fourth-quarter target price of $4,450 per ounce. From July to August, easing expectations for Federal Reserve rate hikes spurred net inflows of 70 tons into gold ETFs, reversing the 93-ton net outflow seen from May to June. The People's Bank of China purchased 60 tons of gold this year, marking its highest accumulation since 2023; Poland added 82 tons, raising total holdings to 632 tons and approaching its 700-ton target. Morgan Stanley maintains that gold prices are decoupling from the real interest rate framework. Persistent central bank buying, COMEX short positions falling to their lowest since April 2020, and fiscal concerns underlying yield curve steepening form a new structural foundation. The bank projects that gold prices could surpass $5,000 per ounce by 2027, with US inflation data serving as the main short-term volatility risk.
Odaily News According to on-chain analyst Ai Yi's monitoring, a whale withdrew 79,226.49 ETH from Binance between July and August 2026, valued at approximately $140 million, with an average price of $1,776.83. Since August 19, this whale has deposited a total of 10,900 ETH into the exchange, valued at $24.16 million. If sold, it would yield a profit of $4.817 million, with all stablecoin proceeds used to repay Spark loans. Currently, the whale still has 47,900 wstETH and 1,200 WBTC collateralized, borrowing 83.67 million USDS, with a health factor of 2.26.