Galaxy Research's latest tally shows that more than half of 221 Coldcard hack victim reports involved individual losses exceeding 1 Bitcoin.
Will BTC will mark the end of bear market phase this week?
Bitcoin surged past $81,000, lifting its market cap to $1.62 trillion. The move wiped out $282 million in short positions over 24 hours—representing 62% of all crypto short liquidations. Short Sellers Squeezed for $282 Million in Liquidations Bitcoin continued its rally, breaching $81,000 as optimism grows over a broader bull market.
Spot Bitcoin and Ethereum ETF flows are painting a clear picture of institutional positioning this session.
Bitcoin ETFs have drawn $2.26 billion over six trading days, while year-to-date net outflows have narrowed to about $2.57 billion.
Polymarket's monthly market on where the cryptocurrency will trade, with $19.8 million of volume and six days left to run, puts the odds of bitcoin touching $100,000 before the end of August at just 1%. The chance of reaching $92,500 is priced at 6%, and $90,000 at 12%, underlining the gap between price action and expectation.
Strategy's average Bitcoin purchase price remains above $75,000, keeping the position sensitive to further price moves.
Analysts say it's still too early to tell if this will translate into a bull market, given sticky inflation and geopolitical uncertainty.
Gracy Chen, the chief executive of cryptocurrency exchange Bitget, remains unconvinced that Bitcoin's recent ascent beyond $79,000 marks a definitive reversal of bearish market conditions. In recent statements, she revealed her intention to wait for a substantial pullback to approximately $50,000 before expanding her personal Bitcoin position.
Between August 17 and August 21, Strive acquired 1,110 Bitcoin in a transaction worth approximately $81.5 million, as disclosed in an 8-K filing submitted to the Securities and Exchange Commission.
Arthur Hayes, co-founder of BitMEX, has proclaimed the start of a fresh Bitcoin bull market, attributing the momentum to the U.S. Treasury's decision to significantly expand its bond buyback operations, which he believes will inject new dollar liquidity into markets.
Bitcoin crossed $80,000 after an eight-day rally, supported by ETF inflows, Treasury buyback changes and short liquidations.