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$BTC broke through 72,000, this wave is really different
As soon as the market opened, BTC had already reached 72,000, rising nearly 12% in 24 hours, reaching a high near 73880. A few days ago, I was still talking about whether 70,000 could stand firm, but now I'm directly heading towards 74,000. The speed is indeed a bit fast.
The pace of this rise is obviously different from the previous one. The previous few pulls were all based on news, and they fell back after two days. This time, the Ministry of Finance doubled the scale of long-term government bond repurchases, from 2 billion to at least 4 billion per transaction. With the decline in US bond yields, the weakening of the US dollar, and the collective relaxation of risk assets. Following that, the Trump White House Crypto Council made another move, saying that the United States is discussing "massive hoarding of coins," and BTC has directly increased from 69,000 to over 72,000.
This wave is really bad. 24 Nearly $3 billion was liquidated in the hour, with short positions accounting for more than $2.6 billion. More importantly, ETFs have seen a large net inflow for two consecutive days. On August 20th alone, they received $517 million, which is completely different from the previous market where contract funds were pushed hard. Some people say that it is the bearish squeeze that pushes prices up, but the real money of ETFs is the foundation for this wave to stand.
#ETH强势拉升,空头清算超11亿美元 #BTC加速拉升,资金还能继续接力吗? $BTC
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