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Pantera Capital flags shift in Bitcoin positioning as price breaks key moving average
Pantera Capital flags shift in Bitcoin positioning as price breaks key moving average
Pantera Capital, a prominent digital asset investment firm, has observed a notable change in market behavior, with traders and funds reportedly moving from short to long positions on Bitcoin. The shift comes as the cryptocurrency…
CryptoRank
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Aug 22, 2026 at 6:31 PM UTC · 3 分で読める

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bitcoin
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BTC+0.09%$77,163
Last Updated
8分前
Pantera Capital, a prominent digital asset investment firm, has observed a notable change in market behavior, with traders and funds reportedly moving from short to long positions on Bitcoin. The shift comes as the cryptocurrency recently broke above its 200-day moving average, a technical indicator closely watched by institutional investors.
Market correction and recovery
According to Cosmo Jiang, a portfolio manager at Pantera Capital, Bitcoin experienced a significant correction of roughly 50% over a ten-month period. This downturn followed a peak of approximately $126,000 reached in October 2025. However, the asset has demonstrated renewed strength, rallying more than 23% over the past week, which has contributed to the changing sentiment among market participants.
The rebound above the 200-day moving average, currently situated near $69,000, is often interpreted by technical analysts as a signal that the longer-term trend may be turning positive. This level acts as a critical gauge for many systematic and macro-focused funds, and reclaiming it has historically attracted buying interest.
Market Context
Bitcoin
BTC
$77,166
+0.09% (24H)
Market Cap
$1.55T
24H Volume
$30.0B
24H High
$78,800
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