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郑伟 Zhang Wei crypto
THE AUGUST RALLY WAS NOT FAKE.
It was a two-engine move.
The bond-market shock broke Bitcoin out of its $62K–$67K range.
Shorts were forced to cover.
More than $4B in bearish crypto positions were liquidated.
Then ETF buyers added real spot demand underneath it.
That is why calling for instant $33K is amateur hour.
A liquidation cascade proves reflexivity.
It does not prove a durable base.
The only question now:
Can real buyers hold price after the forced buyers are gone
#DailyOrbit
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