Bitcoin News
By Jean-Luc Maracon
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Massive Liquidations and $924 Million ETF Inflows. Three forces drove the price upward simultaneously, creating a dramatic scene in real-time.
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Strategy Holds 845,050 Bitcoins, Saylor Says "We Are Back". The ten-week pause had sparked discussions. Strategy had sold nearly 7,000 bitcoins since May — an…
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A Market Reevaluating Its Position. The short liquidations between August 17 and 21 represent a massive part of the total monthly…
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Bitcoin soared by 24% in August, marking its best month since November 2024 and its strongest monthly performance since August 2017.
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Three forces drove the price upward simultaneously, creating a dramatic scene in real-time. First, the liquidation of short positions: between August 17 and 21, $5.
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Strategy is back. After ten weeks without buying a single satoshi, the American company led by Michael Saylor announced the acquisition of 4,603 bitcoins for $370 million.
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The ten-week pause had sparked discussions. Strategy had sold nearly 7,000 bitcoins since May — an unusual move for a company known for its almost religious accumulation of the…
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Saylor chose a short phrase for the announcement: "we are back." No press conference, no lengthy statement. Just that. And the market got the message.
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What remains unclear is what's next. Strategy has not provided details on its future acquisition intentions. No timeline, no target amount announced. Observers are waiting.
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Also read: Strategy Buys 4,603 Bitcoins for $370 Million After a Summer of Massive Sales
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The summer had been complicated for bitcoin. Strategy's sales, combined with a generally hesitant market, weighed on sentiment.
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See also: Michael Saylor’s Strategy Buys 4,603 Bitcoins for $370 Million, Boosting Portfolio to 845,050
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And the ETFs, perhaps the most interesting signal fundamentally. $924 million in one week is not insignificant.
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The 24% performance in August places bitcoin in a category of its own for the year. Crossing the $80,000 mark has reopened discussions on the next levels, even though the market…
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Related reading: Bitcoin Faces 'Rektember' as Rate Hike Fears Threaten September Rally
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