Today's Core News Summary

1. Epic Liquidation Record: $3.343 billion in shorts wiped out, the largest scale since 2021
In the past 24 hours, the total market saw liquidations of $3.343 billion, with nearly 200,000 traders being forcibly liquidated, of which approximately $3.07 billion came from short positions, accounting for over 90%, marking the largest scale short liquidation wave since 2021. Bitcoin saw liquidations of $461 million, while Ethereum experienced $176 million in liquidations. The crowded short positions were concentrated in recovery due to favorable regulatory catalysts, creating a chain reaction effect that further amplified upward momentum.

2. Core Regulatory Catalyst: Trump holds secret White House meeting with crypto giants, expectations for the CLARITY Act rapidly heat up
On Wednesday, President Trump met with CEOs of leading crypto companies such as Coinbase, Kraken, and Ripple, along with the SEC and CFTC chairpersons at the White House, clearly urging Congress to expedite the implementation of the CLARITY Act. Market expectations for a marginal relaxation of the U.S. crypto regulatory framework rapidly increased. Consequently, XRP surged over 18% in one day, leading mainstream coins and becoming the biggest beneficiary of the proposed act; DeFi and exchange ecosystem tokens exploded across the board, with market risk appetite jumping from fear straight to greed.

3. Capital Flow: More than $700 million flowed back into ETFs in one day, BlackRock leads institutional accumulation wave
On August 20, Eastern Time, the U.S. Bitcoin spot ETF had a net inflow of $517 million, while the Ethereum spot ETF saw a net inflow of $189 million, both setting records for the strongest single-day inflows in months, with all 8 BTC funds achieving positive inflows and no outflows. Among them, BlackRock's IBIT single product saw an inflow of $285 million, contributing over half of the increase. Institutional money accelerated its entry after prices broke through key resistance levels, creating a positive feedback loop of "price increase - capital inflow - continued rise."

4. Macroeconomic Aspects: The Treasury Department intensifies bond repurchase to inject liquidity, long-term U.S. Treasury yields peak and retreat
The U.S. Treasury Department announced an increase in the upper limit of repurchase operations for 10-30 year Treasury bonds from $2 billion to at least $4 billion to inject liquidity into the market. The 30-year U.S. Treasury yield quickly retreated from a high of 5.34%, the U.S. dollar index weakened, and global risk assets rallied broadly. Gold surged over 4% in one day, U.S. tech stocks rebounded simultaneously, while Bitcoin, as a highly elastic risk asset, benefited significantly from expectations of liquidity easing.

5. Sentiment and Sectors: Greed index jumps to 62, under a broad rise pattern, Altcoin exhibits better elasticity
The crypto fear and greed index jumped to 62, officially entering the "greed" zone and reaching a new high since October 2025, reflecting a rapid reversal in market sentiment. The sectors showed a comprehensive upward pattern: XRP led mainstream coins (+18%), the DeFi sector saw an overall increase of over 12%, while Layer 2 and DEX ecosystem tokens generally rose over 20%; Bitcoin's market cap share fell back to 54%, with funds quickly spreading from large caps to high elasticity Altcoins.

Mainstream Coin Strategies and Entry Points Reference
The following is a technical analysis summary for market perspective reference only and does not constitute any trading advice.

1. Bitcoin (BTC)
Market Qualitative Analysis: A strong breakthrough of the medium-term resistance zone of $65,000-$66,000 on the daily chart establishes a trend reversal structure; however, the 4-hour RSI has entered a severely overbought zone, and after consecutive surges, there are substantial profit-taking needs, indicating a need for intraday retracement and consolidation. The overall trend remains bullish but it is not advisable to chase the high; priority should be given to waiting for a retracement and stabilization to enter long positions.

• Key Support:
◦ First Support: $72,800 - $73,200 (short-term support within the day, previous highs turning to support)
◦ Strong Support: $70,500 - $71,000 (the dividing line between bulls and bears; if broken, the rebound rhythm will slow down)

• Key Resistance:
◦ First Resistance: $75,800 - $76,000 (intraday high + psychological pressure point)
◦ Strong Resistance: $78,000 - $78,500 (medium-term trading dense area)

• Reference Thoughts:
◦ If the price stabilizes in the $72,700–$73,000 range, light long positions can be attempted, with a stop loss placed below $71,800
◦ If the price bounces to the $75,600–$75,900 range and faces pressure, short positions can be taken, with a stop loss placed above $76,500

◦ Due to significant short-term volatility, strictly control positions, avoid chasing highs and lows, and focus on the retracement for long entries.

2. Ethereum (ETH)
Market Qualitative Analysis: One of the core leading tokens in this round of rebound, strongly breaking through the three levels of $2,000, $2,200, and $2,300, driven by both DeFi ecosystem recovery and regulatory expectations; after a significant short-term increase, it is severely overbought with high profit-taking risks, necessitating a wait for support confirmation before considering entry.

• Key Support:
◦ First Support: $2,280 - $2,300 (short-term support within the day, whole number turning to support)
◦ Strong Support: $2,180 - $2,200 (dividing line between bulls and bears; if broken, it will revert to oscillation)

• Key Resistance:
◦ First Resistance: $2,380 - $2,400 (intraday high point pressure area)
◦ Strong Resistance: $2,500 - $2,520 (medium-term trading dense area)

• Reference Thoughts:
◦ If the price stabilizes in the $2,270–$2,290 range, light long positions can be attempted, with a stop loss placed below $2,230
◦ If the price bounces to the $2,380–$2,400 range and faces pressure, short positions can be taken, with a stop loss placed above $2,440

◦ Due to excessive increases heightening volatility, strictly control positions and avoid holding large amounts.

3. Solana (SOL)
Market Qualitative Analysis: Following the market's synchronous surge, breaking through the medium-term resistance of $78 opens up upward space, while on-chain Meme and DeFi activity recovery drives basic expectation restoration; short-term movements are highly dependent on the overall market, and independent bullish momentum remains limited, overall remaining in a consolidation phase after overbought conditions, showing better elasticity than most mainstream coins.

• Key Support:
◦ First Support: $87.0 - $87.5 (short-term support within the day, previous highs turning to support)
◦ Strong Support: $84.0 - $84.5 (dividing line between bulls and bears; if broken, rebound rhythm will slow down)

• Key Resistance:
◦ First Resistance: $90.5 - $91.0 (intraday high point pressure area)
◦ Strong Resistance: $95.0 - $96.0 (medium-term trading dense area)

• Intraday Reference Thoughts:
◦ If the price stabilizes in the $86.5–$87.0 range, light long positions can be attempted, with a stop loss placed below $84.5
◦ If the price bounces to the $90.5–$91.0 range and faces pressure, short positions can be taken, with a stop loss placed above $92.5

◦ If it breaks below $84, it is advisable to wait and see, looking for a breakout above $91 to target near $95.
Additional Operation Reminders

1. The market has experienced a violent surge, and short-term conditions are severely overbought. Volatility is likely to amplify and, with the weekend approaching, there may be profit-taking demands. It is recommended to operate with light positions and strict stop losses to avoid blindly chasing highs.
2. Core observation variables for the day: performance linked to the U.S. stock market opening, real-time capital flow direction for Bitcoin and Ethereum ETFs, and aftereffects of regulatory news.

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