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On August 21, NFT content distribution platform XCAD Network announced it will gradually cease operations. The project team stated that the company currently has no remaining funds, and continuing to maintain the token's listing on trading platforms has become a 'losing battle.' Existing products and services will no longer be maintained. XCAD Network noted that the company has been operating for about five years and is one of the few projects that have sustained operations for years without achieving a Tier 1 (T1) listing. As retail investors gradually exit the crypto market, fan tokens have failed to achieve the expected growth. The project team had previously attempted to pivot to the AI influencer sector but ultimately did not succeed. They mentioned that there are currently insufficient funds to continue company operations and are considering making the project code public for interested developers to run independently. However, this does not mean the company will continue operations, nor is it a project restart or relaunch. XCAD Network stated, 'This is not a restart.'

[XCAD Network Announces Closure: Funds Depleted, Products and Services to Cease Maintenance]On August 21, NFT content distribution platform XCAD Network announced it will gradually cease operations. The project team stated that the company currently has no remaining funds, and continuing to maintain the token's listing on trading platforms has become a 'losing battle.' Existing products and services will no longer be maintained. XCAD Network noted that the company has been operating for about five years and is one of the few projects that have sustained operations for years without achieving a Tier 1 (T1) listing. As retail investors gradually exit the crypto market, fan tokens have failed to achieve the expected growth. The project team had previously attempted to pivot to the AI influencer sector but ultimately did not succeed. They mentioned that there are currently insufficient funds to continue company operations and are considering making the project code public for interested developers to run independently. However, this does not mean the company will continue operations, nor is it a project restart or relaunch. XCAD Network stated, 'This is not a restart.'

XCAD Network Announces Closure: Funds Depleted, Products and Services to Cease Maintenance

On August 21, NFT content distribution platform XCAD Network announced it will gradually cease operations. The project team stated that the company currently has no remaining funds, and maintaining the token's listing on trading platforms has become a 'losing battle.' Existing products and services will no longer be maintained. XCAD Network mentioned that it has been in operation for about 5 years, making it one of the few projects to sustain operations for years without achieving a Tier 1 (T1) exchange listing. As retail investors gradually exit the crypto market, fan tokens have failed to achieve the expected growth. The project team had previously attempted to pivot to the AI influencer sector but ultimately did not succeed. They stated that there are currently insufficient funds to continue operations and are considering making the project code public for interested developers to run independently. However, this does not mean the company will continue operations, nor is it a restart or relaunch of the project. XCAD Network emphasized: 'This is not a restart.'

[XCAD Network Announces Closure: Funds Exhausted, Products and Services to Cease Maintenance]On August 21, NFT content distribution platform XCAD Network announced it will gradually cease operations. The project team stated that the company currently has no remaining funds, and maintaining the token's listing on trading platforms has become a 'losing battle.' Existing products and services will no longer be maintained. XCAD Network mentioned that it has been in operation for about 5 years, making it one of the few projects to sustain operations for years without achieving a Tier 1 (T1) exchange listing. As retail investors gradually exit the crypto market, fan tokens have failed to achieve the expected growth. The project team had previously attempted to pivot to the AI influencer sector but ultimately did not succeed. They stated that there are currently insufficient funds to continue operations and are considering making the project code public for interested developers to run independently. However, this does not mean the company will continue operations, nor is it a restart or relaunch of the project. XCAD Network emphasized: 'This is not a restart.'

XCAD Network Announces Closure: Funds Exhausted, Products and Services to Cease Maintenance

On August 21, the Anti-Corruption Data Collective (ACDC) released a study indicating that at least 152 anonymous wallets on Polymarket may have profited approximately $8 million by trading on advanced knowledge of U.S. military and defense-related information, achieving an average success rate of 97.2%. However, the research organization emphasized that blockchain data alone cannot prove the actual identities of the wallet controllers or confirm the sources of their information, and thus cannot definitively establish insider trading. ACDC analyzed settled markets on Polymarket, focusing on 'low probability high stakes' behaviors, defined as trades where at least $2,500 was wagered within one hour, with corresponding outcome probabilities not exceeding 35%. The study identified 556 wallets exhibiting abnormal trading patterns, of which 152 were linked to military and defense markets. These wallets, referred to by researchers as 'Orcas,' are characterized by their sudden appearance, betting on low probability events, and achieving unusually high success rates before cashing out. The study found that the success rate of low probability bets in military and defense markets was significantly higher than the overall level on Polymarket, with some abnormal trades quickly attracting large traders and automated trading bots. For instance, before a U.S. attack on Iranian nuclear facilities in June 2025, an unusual bet on U.S. military action prompted an automated trading bot to wager $200,000, followed by another large trader betting $100,000. Researchers also noted similar abnormal bets and follow-on trading behaviors before the U.S.-Israel attack on Tehran. ACDC co-founder David Szakonyi stated that the abnormal trading activities on Polymarket are more public than many traders realize, with large traders and bots tracking and replicating suspected informed trades, suggesting that foreign intelligence agencies may also be monitoring these publicly available on-chain trading activities. The issue of insider trading in prediction markets has recently drawn ongoing attention from regulators. In April, the Commodity Futures Trading Commission (CFTC) accused U.S. Army soldier Gannon Ken Van Dyke of trading Polymarket contracts using confidential information regarding the capture of former Venezuelan President Maduro, allegedly profiting over $404,000. This case is not directly related to the 152 wallets identified in the study. Additionally, in May, the CFTC charged a Google software engineer with trading 23 Polymarket contracts using confidential information related to the company's 2025 'Yearly Search' rankings, profiting approximately $1.2 million with nearly perfect accuracy. Polymarket has previously stated that the company closely monitors suspicious trading and has reported dozens of wallets to the relevant authorities. As the scale of prediction markets continues to expand, insider trading, market manipulation, and national security risks are becoming significant reasons for regulators to strengthen oversight.

[Study: Over 150 Polymarket Wallets Suspected of Trading on U.S. Military Secrets, Profiting Approximately $8 Million]On August 21, the Anti-Corruption Data Collective (ACDC) released a study indicating that at least 152 anonymous wallets on Polymarket may have profited approximately $8 million by trading on advanced knowledge of U.S. military and defense-related information, achieving an average success rate of 97.2%. However, the research organization emphasized that blockchain data alone cannot prove the actual identities of the wallet controllers or confirm the sources of their information, and thus cannot definitively establish insider trading. ACDC analyzed settled markets on Polymarket, focusing on 'low probability high stakes' behaviors, defined as trades where at least $2,500 was wagered within one hour, with corresponding outcome probabilities not exceeding 35%. The study identified 556 wallets exhibiting abnormal trading patterns, of which 152 were linked to military and defense markets. These wallets, referred to by researchers as 'Orcas,' are characterized by their sudden appearance, betting on low probability events, and achieving unusually high success rates before cashing out. The study found that the success rate of low probability bets in military and defense markets was significantly higher than the overall level on Polymarket, with some abnormal trades quickly attracting large traders and automated trading bots. For instance, before a U.S. attack on Iranian nuclear facilities in June 2025, an unusual bet on U.S. military action prompted an automated trading bot to wager $200,000, followed by another large trader betting $100,000. Researchers also noted similar abnormal bets and follow-on trading behaviors before the U.S.-Israel attack on Tehran. ACDC co-founder David Szakonyi stated that the abnormal trading activities on Polymarket are more public than many traders realize, with large traders and bots tracking and replicating suspected informed trades, suggesting that foreign intelligence agencies may also be monitoring these publicly available on-chain trading activities. The issue of insider trading in prediction markets has recently drawn ongoing attention from regulators. In April, the Commodity Futures Trading Commission (CFTC) accused U.S. Army soldier Gannon Ken Van Dyke of trading Polymarket contracts using confidential information regarding the capture of former Venezuelan President Maduro, allegedly profiting over $404,000. This case is not directly related to the 152 wallets identified in the study. Additionally, in May, the CFTC charged a Google software engineer with trading 23 Polymarket contracts using confidential information related to the company's 2025 'Yearly Search' rankings, profiting approximately $1.2 million with nearly perfect accuracy. Polymarket has previously stated that the company closely monitors suspicious trading and has reported dozens of wallets to the relevant authorities. As the scale of prediction markets continues to expand, insider trading, market manipulation, and national security risks are becoming significant reasons for regulators to strengthen oversight.

Study: Over 150 Polymarket Wallets Suspected of Trading on U.S. Military Secrets, Profiting Approximately $8 Million

On August 21, the Anti-Corruption Data Collective (ACDC) released a new study indicating that at least 152 anonymous wallets on Polymarket may have profited approximately $8 million by trading on advanced knowledge of U.S. military and defense-related information, achieving an average success rate of 97.2%. However, the research organization emphasized that blockchain data alone cannot prove the actual identities of the controllers of these wallets or confirm their sources of information, and therefore cannot definitively establish insider trading. ACDC analyzed settled markets on Polymarket, focusing on 'low probability high stakes' behaviors, specifically transactions where at least $2,500 was wagered within one hour, and the corresponding outcome probability did not exceed 35%. The study identified 556 wallets exhibiting unusual trading patterns, of which 152 were involved in military and defense markets. These wallets were referred to by researchers as 'Orcas,' characterized by their sudden appearance, betting on low probability events, and achieving abnormally high success rates before cashing out. The study found that the success rate of low probability bets in military and defense markets was significantly higher than the overall level on Polymarket, with some unusual trades quickly attracting large traders and automated trading bots. For instance, before a U.S. attack on Iranian nuclear facilities in June 2025, an anomalous bet on U.S. military action prompted an automated trading bot to subsequently wager $200,000, while another large trader placed a $100,000 bet. Researchers also noted similar anomalous bets and follow-on trading behavior before the U.S.-Israeli attack on Tehran. ACDC co-founder David Szakonyi stated that the unusual trading activities on Polymarket are more public than many traders realize, with large traders and bots tracking and replicating suspected informed trades, suggesting that foreign intelligence agencies may also be monitoring these public on-chain trading activities. The issue of insider trading in prediction markets has recently drawn ongoing attention from regulatory bodies. In April, the U.S. Commodity Futures Trading Commission (CFTC) accused U.S. Army soldier Gannon Ken Van Dyke of trading Polymarket contracts using confidential information regarding the capture of former Venezuelan President Maduro, reportedly profiting over $404,000. This case is not directly related to the 152 wallets identified in the study. Additionally, in May, the CFTC charged a Google software engineer with trading 23 Polymarket contracts using confidential information related to the company's 2025 'Annual Search' rankings, achieving nearly perfect accuracy and profiting approximately $1.2 million. Polymarket has previously stated that the company closely monitors suspicious trading and has reported dozens of wallets to the relevant authorities. As the scale of prediction markets continues to expand, insider trading, market manipulation, and national security risks are becoming important reasons for regulatory bodies to strengthen oversight.

[Study: Over 150 Polymarket Wallets Suspected of Trading on U.S. Military Secrets, Earning Approximately $8 Million]On August 21, the Anti-Corruption Data Collective (ACDC) released a new study indicating that at least 152 anonymous wallets on Polymarket may have profited approximately $8 million by trading on advanced knowledge of U.S. military and defense-related information, achieving an average success rate of 97.2%. However, the research organization emphasized that blockchain data alone cannot prove the actual identities of the controllers of these wallets or confirm their sources of information, and therefore cannot definitively establish insider trading. ACDC analyzed settled markets on Polymarket, focusing on 'low probability high stakes' behaviors, specifically transactions where at least $2,500 was wagered within one hour, and the corresponding outcome probability did not exceed 35%. The study identified 556 wallets exhibiting unusual trading patterns, of which 152 were involved in military and defense markets. These wallets were referred to by researchers as 'Orcas,' characterized by their sudden appearance, betting on low probability events, and achieving abnormally high success rates before cashing out. The study found that the success rate of low probability bets in military and defense markets was significantly higher than the overall level on Polymarket, with some unusual trades quickly attracting large traders and automated trading bots. For instance, before a U.S. attack on Iranian nuclear facilities in June 2025, an anomalous bet on U.S. military action prompted an automated trading bot to subsequently wager $200,000, while another large trader placed a $100,000 bet. Researchers also noted similar anomalous bets and follow-on trading behavior before the U.S.-Israeli attack on Tehran. ACDC co-founder David Szakonyi stated that the unusual trading activities on Polymarket are more public than many traders realize, with large traders and bots tracking and replicating suspected informed trades, suggesting that foreign intelligence agencies may also be monitoring these public on-chain trading activities. The issue of insider trading in prediction markets has recently drawn ongoing attention from regulatory bodies. In April, the U.S. Commodity Futures Trading Commission (CFTC) accused U.S. Army soldier Gannon Ken Van Dyke of trading Polymarket contracts using confidential information regarding the capture of former Venezuelan President Maduro, reportedly profiting over $404,000. This case is not directly related to the 152 wallets identified in the study. Additionally, in May, the CFTC charged a Google software engineer with trading 23 Polymarket contracts using confidential information related to the company's 2025 'Annual Search' rankings, achieving nearly perfect accuracy and profiting approximately $1.2 million. Polymarket has previously stated that the company closely monitors suspicious trading and has reported dozens of wallets to the relevant authorities. As the scale of prediction markets continues to expand, insider trading, market manipulation, and national security risks are becoming important reasons for regulatory bodies to strengthen oversight.

Study: Over 150 Polymarket Wallets Suspected of Trading on U.S. Military Secrets, Earning Approximately $8 Million

On August 21, sources revealed that Samsung Electronics will announce a new shareholder return plan on Friday, potentially worth up to 110 trillion won (approximately $79 billion). According to insiders, the Samsung board is scheduled to meet after the Korean stock market closes, around 4 PM local time, and will shortly thereafter disclose the details of the plan. The scale of this shareholder return plan is expected to be between 90 trillion won and 110 trillion won.

[Samsung to Announce Shareholder Return Plan Worth Up to $79 Billion]On August 21, sources revealed that Samsung Electronics will announce a new shareholder return plan on Friday, potentially worth up to 110 trillion won (approximately $79 billion). According to insiders, the Samsung board is scheduled to meet after the Korean stock market closes, around 4 PM local time, and will shortly thereafter disclose the details of the plan. The scale of this shareholder return plan is expected to be between 90 trillion won and 110 trillion won.

Samsung to Announce Shareholder Return Plan Worth Up to $79 Billion

On August 21, The Block reported that John Hoffman, Managing Director of Ondo Finance, stated at a blockchain seminar in Wyoming that tokenized assets are progressing along the same trajectory as ETFs, with early skepticism shifting towards a growth phase of adoption. He noted that ETFs faced similar doubts as tokenization does now, and the adoption rate of tokenized products has already surpassed that of stablecoins and government bonds: it took three years for stablecoins to reach $1 billion, 18 months for tokenized government bonds, while Ondo Stocks achieved $1 billion in Total Value Locked (TVL) in just eight months. The Ondo perpetual contract platform has launched with a nominal trading volume of approximately $9 billion over seven weeks, and the company plans to introduce a 'smart portfolio' that bundles tokenized stocks. Hoffman stated that with increased regulatory clarity, legislation such as the Clarity Act could open doors for the U.S. market.

[Ondo Executive: Tokenization Following the Same Development Path as Early ETFs]On August 21, The Block reported that John Hoffman, Managing Director of Ondo Finance, stated at a blockchain seminar in Wyoming that tokenized assets are progressing along the same trajectory as ETFs, with early skepticism shifting towards a growth phase of adoption. He noted that ETFs faced similar doubts as tokenization does now, and the adoption rate of tokenized products has already surpassed that of stablecoins and government bonds: it took three years for stablecoins to reach $1 billion, 18 months for tokenized government bonds, while Ondo Stocks achieved $1 billion in Total Value Locked (TVL) in just eight months. The Ondo perpetual contract platform has launched with a nominal trading volume of approximately $9 billion over seven weeks, and the company plans to introduce a 'smart portfolio' that bundles tokenized stocks. Hoffman stated that with increased regulatory clarity, legislation such as the Clarity Act could open doors for the U.S. market.

Ondo Executive: Tokenization Following the Same Development Path as Early ETFs

On August 21, The Block reported that John Hoffman, Managing Director of Ondo Finance, stated at a blockchain seminar in Wyoming that tokenized assets are progressing along the same trajectory as ETFs—early skepticism is shifting towards a phase of adoption and growth. He noted that ETFs faced similar doubts as tokenization does now, and the adoption rate of tokenized products has already surpassed that of stablecoins and government bonds: stablecoins took three years to reach $1 billion, tokenized government bonds took 18 months, while Ondo Stocks achieved $1 billion in Total Value Locked (TVL) in just eight months. The Ondo perpetual contract platform launched with a nominal trading volume of approximately $9 billion in seven weeks, and the company plans to introduce a 'smart portfolio' that bundles tokenized stocks. Hoffman mentioned that as regulatory clarity improves, legislation such as the Clarity Act could open doors for the U.S. market.

[Ondo Executive: Tokenization is Following the Same Development Path as Early ETFs]On August 21, The Block reported that John Hoffman, Managing Director of Ondo Finance, stated at a blockchain seminar in Wyoming that tokenized assets are progressing along the same trajectory as ETFs—early skepticism is shifting towards a phase of adoption and growth. He noted that ETFs faced similar doubts as tokenization does now, and the adoption rate of tokenized products has already surpassed that of stablecoins and government bonds: stablecoins took three years to reach $1 billion, tokenized government bonds took 18 months, while Ondo Stocks achieved $1 billion in Total Value Locked (TVL) in just eight months. The Ondo perpetual contract platform launched with a nominal trading volume of approximately $9 billion in seven weeks, and the company plans to introduce a 'smart portfolio' that bundles tokenized stocks. Hoffman mentioned that as regulatory clarity improves, legislation such as the Clarity Act could open doors for the U.S. market.

Ondo Executive: Tokenization is Following the Same Development Path as Early ETFs

On August 21, Bitcoin surpassed $73,000 for the first time since June. The day before, the crypto market saw a record approximately $2.75 billion in Bitcoin short positions liquidated, with the short squeeze further accelerating this rally. Analysts indicate that this market movement is not solely driven by short covering; spot and ETF demand is improving, alongside a decline in U.S. long-term Treasury yields and a clearer regulatory environment for cryptocurrencies, which also supports the market rebound. Gideon Hyams, co-founder of STS Digital, stated that while a short squeeze can initiate a rally, it is difficult to sustain the trend on its own. Factors such as ETF capital inflow, declining long-term yields, and clearer regulatory pathways for U.S. cryptocurrencies are also at play. The key for the market is whether Bitcoin can maintain its position above the trading range established since June. Nicolai Søndergaard, a senior research analyst at Nansen, believes that while short covering accelerated the breakout, it is not the sole reason for the price increase. Currently, Bitcoin's technical indicators have improved, supported by stronger spot and ETF demand. However, as the short squeeze comes to an end and leveraged long positions increase, Bitcoin's ability to hold above $70,000 will depend on whether spot buying can continue. Ki Young Ju, founder of CryptoQuant, noted that for the first time since the historical peak in October 2025, both spot and perpetual contract demand for Bitcoin have turned positive. He believes that while the current demand scale is still small, if this trend can persist for a month, it would be reasonable to conclude that the bear market has ended and a new bull market cycle is beginning. Meanwhile, market trading activity has significantly rebounded. Paul Howard, senior director at Wincent, stated that trading volume in the past 24 hours has increased about fivefold compared to the annual low set last weekend. Previously, the market was in a low volatility and low liquidity environment, where any positive news could be amplified, leading to significant price fluctuations. As of the time of publication, Bitcoin is priced at approximately $73,300. Analysts believe that '$70,000 is a crucial support level for this rally; if it can hold, the market is likely to evolve into a further upward trend; if it falls back to around $69,700 to $69,000, it may just be a normal pullback after the breakout.'

[Analyst: Bitcoin's Recent Surge Driven by More Than Just Short Squeeze, Spot and ETF Demand Improving]On August 21, Bitcoin surpassed $73,000 for the first time since June. The day before, the crypto market saw a record approximately $2.75 billion in Bitcoin short positions liquidated, with the short squeeze further accelerating this rally. Analysts indicate that this market movement is not solely driven by short covering; spot and ETF demand is improving, alongside a decline in U.S. long-term Treasury yields and a clearer regulatory environment for cryptocurrencies, which also supports the market rebound. Gideon Hyams, co-founder of STS Digital, stated that while a short squeeze can initiate a rally, it is difficult to sustain the trend on its own. Factors such as ETF capital inflow, declining long-term yields, and clearer regulatory pathways for U.S. cryptocurrencies are also at play. The key for the market is whether Bitcoin can maintain its position above the trading range established since June. Nicolai Søndergaard, a senior research analyst at Nansen, believes that while short covering accelerated the breakout, it is not the sole reason for the price increase. Currently, Bitcoin's technical indicators have improved, supported by stronger spot and ETF demand. However, as the short squeeze comes to an end and leveraged long positions increase, Bitcoin's ability to hold above $70,000 will depend on whether spot buying can continue. Ki Young Ju, founder of CryptoQuant, noted that for the first time since the historical peak in October 2025, both spot and perpetual contract demand for Bitcoin have turned positive. He believes that while the current demand scale is still small, if this trend can persist for a month, it would be reasonable to conclude that the bear market has ended and a new bull market cycle is beginning. Meanwhile, market trading activity has significantly rebounded. Paul Howard, senior director at Wincent, stated that trading volume in the past 24 hours has increased about fivefold compared to the annual low set last weekend. Previously, the market was in a low volatility and low liquidity environment, where any positive news could be amplified, leading to significant price fluctuations. As of the time of publication, Bitcoin is priced at approximately $73,300. Analysts believe that '$70,000 is a crucial support level for this rally; if it can hold, the market is likely to evolve into a further upward trend; if it falls back to around $69,700 to $69,000, it may just be a normal pullback after the breakout.'

Analyst: Bitcoin's Recent Surge Driven by More Than Just Short Squeeze, Spot and ETF Demand Improving

On August 21, Bitcoin surpassed $73,000 for the first time since June. The day before, the crypto market saw a record approximately $2.75 billion in Bitcoin short positions liquidated, further accelerating the current rally. Analysts indicate that this market movement is not solely driven by short covering; spot and ETF demand is improving, alongside a decline in long-term U.S. Treasury yields and a clearer regulatory environment for cryptocurrencies, all providing support for the market rebound. Gideon Hyams, co-founder of STS Digital, stated that while short squeezes can initiate a rally, they are insufficient to sustain a trend on their own. Factors such as ETF capital inflows, declining long-term yields, and a clearer regulatory path for cryptocurrencies in the U.S. are also at play. The key for the market is whether Bitcoin can maintain its position above the trading range established since June. Nicolai Søndergaard, a senior research analyst at Nansen, believes that while short covering accelerated the breakout, it is not the sole reason for the price increase. Currently, Bitcoin's technical indicators have improved, supported by stronger spot and ETF demand. However, as the short squeeze comes to an end and leveraged long positions increase, Bitcoin's ability to hold above $70,000 will depend on the continuation of spot buying. Ki Young Ju, founder of CryptoQuant, noted that both spot and perpetual contract demand for Bitcoin have turned positive for the first time since reaching historical highs in October 2025. He believes that while the current demand level is still small, if this trend can persist for a month, it would be reasonable to conclude that the bear market has ended and a new bull market cycle is beginning. Meanwhile, market trading activity has significantly rebounded. Paul Howard, senior director at Wincent, reported that trading volume over the past 24 hours has increased about fivefold compared to the annual low set last weekend. Previously, the market was in a low volatility, low liquidity environment, where any positive news could be amplified and lead to significant price fluctuations. As of the time of publication, Bitcoin was around $73,300. Analysts believe that '$70,000 is a crucial support level for this rally; if it can hold, the price may further evolve into a sustained upward trend; however, if it falls back to around $69,700 to $69,000, it may just be a normal pullback after the breakout.'

[Analyst: Bitcoin's Recent Surge Driven by More Than Just Short Squeeze, Spot and ETF Demand Improving]On August 21, Bitcoin surpassed $73,000 for the first time since June. The day before, the crypto market saw a record approximately $2.75 billion in Bitcoin short positions liquidated, further accelerating the current rally. Analysts indicate that this market movement is not solely driven by short covering; spot and ETF demand is improving, alongside a decline in long-term U.S. Treasury yields and a clearer regulatory environment for cryptocurrencies, all providing support for the market rebound. Gideon Hyams, co-founder of STS Digital, stated that while short squeezes can initiate a rally, they are insufficient to sustain a trend on their own. Factors such as ETF capital inflows, declining long-term yields, and a clearer regulatory path for cryptocurrencies in the U.S. are also at play. The key for the market is whether Bitcoin can maintain its position above the trading range established since June. Nicolai Søndergaard, a senior research analyst at Nansen, believes that while short covering accelerated the breakout, it is not the sole reason for the price increase. Currently, Bitcoin's technical indicators have improved, supported by stronger spot and ETF demand. However, as the short squeeze comes to an end and leveraged long positions increase, Bitcoin's ability to hold above $70,000 will depend on the continuation of spot buying. Ki Young Ju, founder of CryptoQuant, noted that both spot and perpetual contract demand for Bitcoin have turned positive for the first time since reaching historical highs in October 2025. He believes that while the current demand level is still small, if this trend can persist for a month, it would be reasonable to conclude that the bear market has ended and a new bull market cycle is beginning. Meanwhile, market trading activity has significantly rebounded. Paul Howard, senior director at Wincent, reported that trading volume over the past 24 hours has increased about fivefold compared to the annual low set last weekend. Previously, the market was in a low volatility, low liquidity environment, where any positive news could be amplified and lead to significant price fluctuations. As of the time of publication, Bitcoin was around $73,300. Analysts believe that '$70,000 is a crucial support level for this rally; if it can hold, the price may further evolve into a sustained upward trend; however, if it falls back to around $69,700 to $69,000, it may just be a normal pullback after the breakout.'

格隆汇8月20日｜乌克兰总统泽连斯基：俄罗斯在乌克兰切尔尼戈夫地区进行大规模夜间袭击，攻击了天然气基础设施。

格隆汇8月20日｜乌克兰总统泽连斯基：俄罗斯在乌克兰切尔尼戈夫地区进行大规模夜间袭击，攻击了天然气基础设施。

Disclaimer：The content above does not represent HTX's positions.，HTX does not provide any trading recommendations.。

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