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On August 21, Bitcoin surpassed the $75,000 mark, reaching a three-month high. This surge was primarily driven by the U.S. Treasury's announcement to expand the liquidity support for long-term Treasury bond repurchase operations. The Treasury previously stated that it would at least double the scale of liquidity support for 10 to 30-year nominal coupon securities. Additionally, the SEC's latest cryptocurrency regulatory proposals and a White House meeting between Trump and cryptocurrency executives further boosted market sentiment. The strong rally also triggered a massive short liquidation. According to Coinglass data, Bitcoin's rise on Wednesday led to over $2.75 billion in BTC short positions being liquidated. In the past 24 hours, another $783 million in Bitcoin positions were liquidated, of which $747.7 million were short positions. However, analyst Shawn Young believes that the current upward trend may be overinterpreted by the market. He stated that the impact of the U.S. Treasury's intervention measures is perceived to be far greater than its actual effect, and changes in the bond market are more about forcing shorts to close quickly rather than improving Bitcoin's macro fundamentals. U.S. Treasuries are still competing with Bitcoin for marginal funds, and the current rise is largely driven by previously overcrowded short positions. He remarked that Bitcoin breaking through $70,000 'seems premature.' Zeus Research analyst Dominick John noted that short liquidations may continue to drive prices up in the short term, but as the forced buying pressure subsides, future trends will need to rely on real spot demand, liquidity conditions, and macro fundamentals for support. He indicated that the key for the next phase of the market is whether new capital can enter, transforming this short squeeze into a sustained upward trend. Additionally, if the Clarity Act progresses smoothly in September, it could become an important catalyst for further growth in the cryptocurrency market.

[Analyst: Bitcoin's Recent Surge Driven by Short Squeeze, Future Trends Require Real Demand Support]On August 21, Bitcoin surpassed the $75,000 mark, reaching a three-month high. This surge was primarily driven by the U.S. Treasury's announcement to expand the liquidity support for long-term Treasury bond repurchase operations. The Treasury previously stated that it would at least double the scale of liquidity support for 10 to 30-year nominal coupon securities. Additionally, the SEC's latest cryptocurrency regulatory proposals and a White House meeting between Trump and cryptocurrency executives further boosted market sentiment. The strong rally also triggered a massive short liquidation. According to Coinglass data, Bitcoin's rise on Wednesday led to over $2.75 billion in BTC short positions being liquidated. In the past 24 hours, another $783 million in Bitcoin positions were liquidated, of which $747.7 million were short positions. However, analyst Shawn Young believes that the current upward trend may be overinterpreted by the market. He stated that the impact of the U.S. Treasury's intervention measures is perceived to be far greater than its actual effect, and changes in the bond market are more about forcing shorts to close quickly rather than improving Bitcoin's macro fundamentals. U.S. Treasuries are still competing with Bitcoin for marginal funds, and the current rise is largely driven by previously overcrowded short positions. He remarked that Bitcoin breaking through $70,000 'seems premature.' Zeus Research analyst Dominick John noted that short liquidations may continue to drive prices up in the short term, but as the forced buying pressure subsides, future trends will need to rely on real spot demand, liquidity conditions, and macro fundamentals for support. He indicated that the key for the next phase of the market is whether new capital can enter, transforming this short squeeze into a sustained upward trend. Additionally, if the Clarity Act progresses smoothly in September, it could become an important catalyst for further growth in the cryptocurrency market.

Analyst: Bitcoin's Recent Surge Driven by Short Squeeze, Future Trends Require Real Demand Support

On August 21, Bitcoin surpassed the $75,000 mark, reaching a three-month high. This surge was primarily driven by the U.S. Treasury's announcement to expand the liquidity support for long-term Treasury bond repurchase operations. The Treasury previously stated that it would at least double the scale of liquidity support for 10 to 30-year nominal coupon securities. Additionally, the SEC's latest cryptocurrency regulatory proposal and a White House meeting between Trump and cryptocurrency industry executives further boosted market sentiment. The strong rise also triggered a massive short liquidation. According to Coinglass data, Bitcoin's increase on Wednesday led to over $2.75 billion in BTC short positions being liquidated. In the past 24 hours, another $783.2 million in Bitcoin positions were liquidated, of which $747.7 million were short positions. However, analyst Shawn Young believes that the current upward trend may be overinterpreted by the market. He stated that the impact of the U.S. Treasury's intervention measures is perceived to be far greater than its actual effect, and changes in the bond market are more about forcing shorts to cover quickly rather than improving Bitcoin's macro fundamentals. U.S. Treasuries are still competing with Bitcoin for marginal funds, and the current rise is more driven by previously overcrowded short positions. He remarked that Bitcoin breaking through $70,000 'seems premature.' Zeus Research analyst Dominick John noted that short liquidations may continue to push prices higher in the short term, but as the forced buying pressure subsides, future trends will need to rely on genuine spot demand, liquidity conditions, and macro fundamentals for support. He indicated that the key for the next phase of the market is whether new capital can enter, transforming this short squeeze into a sustained upward trend. Additionally, if the Clarity Act progresses smoothly in September, it could become an important catalyst for further growth in the cryptocurrency market.

[Analysts: Bitcoin's Recent Surge Driven by Short Squeeze, Future Trends Require Genuine Demand Support]On August 21, Bitcoin surpassed the $75,000 mark, reaching a three-month high. This surge was primarily driven by the U.S. Treasury's announcement to expand the liquidity support for long-term Treasury bond repurchase operations. The Treasury previously stated that it would at least double the scale of liquidity support for 10 to 30-year nominal coupon securities. Additionally, the SEC's latest cryptocurrency regulatory proposal and a White House meeting between Trump and cryptocurrency industry executives further boosted market sentiment. The strong rise also triggered a massive short liquidation. According to Coinglass data, Bitcoin's increase on Wednesday led to over $2.75 billion in BTC short positions being liquidated. In the past 24 hours, another $783.2 million in Bitcoin positions were liquidated, of which $747.7 million were short positions. However, analyst Shawn Young believes that the current upward trend may be overinterpreted by the market. He stated that the impact of the U.S. Treasury's intervention measures is perceived to be far greater than its actual effect, and changes in the bond market are more about forcing shorts to cover quickly rather than improving Bitcoin's macro fundamentals. U.S. Treasuries are still competing with Bitcoin for marginal funds, and the current rise is more driven by previously overcrowded short positions. He remarked that Bitcoin breaking through $70,000 'seems premature.' Zeus Research analyst Dominick John noted that short liquidations may continue to push prices higher in the short term, but as the forced buying pressure subsides, future trends will need to rely on genuine spot demand, liquidity conditions, and macro fundamentals for support. He indicated that the key for the next phase of the market is whether new capital can enter, transforming this short squeeze into a sustained upward trend. Additionally, if the Clarity Act progresses smoothly in September, it could become an important catalyst for further growth in the cryptocurrency market.

Analysts: Bitcoin's Recent Surge Driven by Short Squeeze, Future Trends Require Genuine Demand Support

On August 21, on-chain analyst Ai Yi reported that the whale 'Set 10 Major Goals' @Jason60704294 has increased its short positions. The current position details are as follows: BTC 5x short position of 546.314 BTC (worth $40.69 million), with an opening price of $74,493.23; ETH 7x short position of 10,000 ETH (worth $23.46 million), with an opening price of $2,346.83.

[Whale 'Set 10 Major Goals' Increases BTC and ETH Short Positions to $64.15 Million]On August 21, on-chain analyst Ai Yi reported that the whale 'Set 10 Major Goals' @Jason60704294 has increased its short positions. The current position details are as follows: BTC 5x short position of 546.314 BTC (worth $40.69 million), with an opening price of $74,493.23; ETH 7x short position of 10,000 ETH (worth $23.46 million), with an opening price of $2,346.83.

Whale 'Set 10 Major Goals' Increases BTC and ETH Short Positions to $64.15 Million

On August 21, on-chain analyst Ai Yi reported that the whale @Jason60704294, who has 'set 10 major goals,' has increased its short position. The current position details are: BTC 5x short position of 546.314 BTC ($40.69 million), with an opening price of $74,493.23; ETH 7x short position of 10,000 ETH ($23.46 million), with an opening price of $2,346.83.

[Whale 'Set 10 Major Goals' Increases BTC and ETH Overall Short Position to $64.15 Million]On August 21, on-chain analyst Ai Yi reported that the whale @Jason60704294, who has 'set 10 major goals,' has increased its short position. The current position details are: BTC 5x short position of 546.314 BTC ($40.69 million), with an opening price of $74,493.23; ETH 7x short position of 10,000 ETH ($23.46 million), with an opening price of $2,346.83.

Whale 'Set 10 Major Goals' Increases BTC and ETH Overall Short Position to $64.15 Million

According to Beating AI news, OpenRouter has launched a new anonymous model called Ox Alpha, which is positioned as a cutting-edge model for code, long-duration agent work, and real production environments. It supports a context of 1 million tokens and allows for text, image, and video inputs. The model is currently available for free testing, and the provider will not use users' prompts and outputs to train the model. The identity of Ox Alpha has not been disclosed yet, but the community widely speculates that it may originate from the Xiaomi MiMo team. Xiaomi's CFO Lin Shiwei previously revealed that the next-generation MiMo model is in training and is expected to be released soon. The practice of anonymously launching new models on OpenRouter has become a regular occurrence among Chinese model manufacturers. Previously, models such as Zhipu's GLM-5, Xiaomi's MiMo-V2-Pro and MiMo-V2-Omni, Ant Group's Ling-2.6-flash, and Meituan's LongCat-2.0 have all been tested under different names on OpenRouter before revealing their true identities.

[OpenRouter Launches Anonymous Model Ox Alpha, Suspected to be New Xiaomi MiMo Model]According to Beating AI news, OpenRouter has launched a new anonymous model called Ox Alpha, which is positioned as a cutting-edge model for code, long-duration agent work, and real production environments. It supports a context of 1 million tokens and allows for text, image, and video inputs. The model is currently available for free testing, and the provider will not use users' prompts and outputs to train the model. The identity of Ox Alpha has not been disclosed yet, but the community widely speculates that it may originate from the Xiaomi MiMo team. Xiaomi's CFO Lin Shiwei previously revealed that the next-generation MiMo model is in training and is expected to be released soon. The practice of anonymously launching new models on OpenRouter has become a regular occurrence among Chinese model manufacturers. Previously, models such as Zhipu's GLM-5, Xiaomi's MiMo-V2-Pro and MiMo-V2-Omni, Ant Group's Ling-2.6-flash, and Meituan's LongCat-2.0 have all been tested under different names on OpenRouter before revealing their true identities.

OpenRouter Launches Anonymous Model Ox Alpha, Suspected to be New Xiaomi MiMo Model

According to Beating AI news, OpenRouter has launched a new anonymous model called Ox Alpha, which is positioned as a cutting-edge model for coding, long-duration agent work, and real production environments. It supports a context of 1 million tokens and accepts text, image, and video inputs. The model is currently available for free testing, and the provider will not use users' prompts and outputs to train the model. The identity of Ox Alpha has not yet been disclosed, but the community widely speculates that it may come from Xiaomi's MiMo team. Xiaomi's CFO Lin Shiwei previously revealed that a new generation of MiMo models is currently being trained and is expected to be released soon. The practice of anonymously launching new models on OpenRouter has become a regular occurrence among Chinese model manufacturers. Previously, models such as Zhipu's GLM-5, Xiaomi's MiMo-V2-Pro and MiMo-V2-Omni, Ant Group's Ling-2.6-flash, and Meituan's LongCat-2.0 have all run under different names on OpenRouter for free before revealing their true identities.

[New Anonymous Model 'Ox Alpha' Launched by OpenRouter, Suspected to be Xiaomi's MiMo]According to Beating AI news, OpenRouter has launched a new anonymous model called Ox Alpha, which is positioned as a cutting-edge model for coding, long-duration agent work, and real production environments. It supports a context of 1 million tokens and accepts text, image, and video inputs. The model is currently available for free testing, and the provider will not use users' prompts and outputs to train the model. The identity of Ox Alpha has not yet been disclosed, but the community widely speculates that it may come from Xiaomi's MiMo team. Xiaomi's CFO Lin Shiwei previously revealed that a new generation of MiMo models is currently being trained and is expected to be released soon. The practice of anonymously launching new models on OpenRouter has become a regular occurrence among Chinese model manufacturers. Previously, models such as Zhipu's GLM-5, Xiaomi's MiMo-V2-Pro and MiMo-V2-Omni, Ant Group's Ling-2.6-flash, and Meituan's LongCat-2.0 have all run under different names on OpenRouter for free before revealing their true identities.

New Anonymous Model 'Ox Alpha' Launched by OpenRouter, Suspected to be Xiaomi's MiMo

HTX data monitoring shows that LINK has broken through 11 USDT, currently reported at 11.02 USDT, with a 24H increase of 5.25%.

【LINK breaks through 11 USDT】HTX data monitoring shows that LINK has broken through 11 USDT, currently reported at 11.02 USDT, with a 24H increase of 5.25%.

LINK breaks through 11 USDT

On August 21, MANTRA Chain's official announcement stated that an incident affecting on-chain operations has occurred. The team has temporarily suspended blockchain operations as a precaution and is currently investigating the matter. All interfaces and transactions have been frozen, and users' ability to deposit or withdraw assets from MANTRA Chain is temporarily impacted. The root cause of the incident has not yet been confirmed, and no timeline for recovery has been announced. Subsequent updates will be released through official channels once verified information is available.

[MANTRA Chain Suspends Operations Due to Security Incident, Deposit and Withdrawal Functions Temporarily Affected]On August 21, MANTRA Chain's official announcement stated that an incident affecting on-chain operations has occurred. The team has temporarily suspended blockchain operations as a precaution and is currently investigating the matter. All interfaces and transactions have been frozen, and users' ability to deposit or withdraw assets from MANTRA Chain is temporarily impacted. The root cause of the incident has not yet been confirmed, and no timeline for recovery has been announced. Subsequent updates will be released through official channels once verified information is available.

MANTRA Chain Suspends Operations Due to Security Incident, Deposit and Withdrawal Functions Temporarily Affected

On August 21, MANTRA Chain's official announcement stated that an incident affecting on-chain operations has occurred. The team has temporarily suspended blockchain operations as a precautionary measure and is currently conducting an investigation. All interfaces and transactions have been frozen, and users' ability to deposit or withdraw assets from MANTRA Chain is temporarily affected. The root cause of the incident has not yet been confirmed, and no timeline for recovery has been announced. Further updates will be released through official channels once verified information is available.

[MANTRA Chain Suspends Operations Due to Security Incident]On August 21, MANTRA Chain's official announcement stated that an incident affecting on-chain operations has occurred. The team has temporarily suspended blockchain operations as a precautionary measure and is currently conducting an investigation. All interfaces and transactions have been frozen, and users' ability to deposit or withdraw assets from MANTRA Chain is temporarily affected. The root cause of the incident has not yet been confirmed, and no timeline for recovery has been announced. Further updates will be released through official channels once verified information is available.

MANTRA Chain Suspends Operations Due to Security Incident

HTX data monitoring shows that BTC has broken through 74000 USDT, currently reported at 74003.86 USDT, with a 24H increase of 6.87%.

【BTC breaks through 74000 USDT】HTX data monitoring shows that BTC has broken through 74000 USDT, currently reported at 74003.86 USDT, with a 24H increase of 6.87%.

BTC breaks through 74000 USDT

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

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