- Expectations for further gains are building as Bitcoin approaches $80,000, while the market has seen the largest short liquidation since 2021 and more than $1 billion of net inflows into US spot Bitcoin ETFs.
- Investor sentiment is being supported by the CLARITY Act, an easing regulatory risk premium, and the potential entry of institutional investors, helping draw fresh buying interest into the crypto market.
- Caution remains warranted because Bitcoin is still about 43% below its all-time high, the RSI has entered overbought territory, and the key question is whether actual buying demand will continue after the effect of short liquidations fades.
Bitcoin Nears $80,000 as Short Liquidations, $1 Billion in ETF Inflows Fuel More Upside Bets
Bitcoin is nearing $80,000, fueling expectations that the rally in digital assets may have further to run.
bloomingbit
Publisher
Aug 23, 2026 at 10:00 PM UTC · 3 min de leitura

Entities
bitcoin
Last Updated
há 6 minutos
Forecast Trend Report by Period
Bitcoin is nearing $80,000, fueling expectations that the rally in digital assets may have further to run.
Bloomberg reported on Aug. 23 that Bitcoin approached $80,000 after posting its strongest weekly gain in years over the past seven days. The token has staged a steep rebound in a short span after months of declines, rapidly shifting market sentiment.
A shift in the US bond market was a key catalyst for the move. Treasury Secretary Scott Bessent said he plans to at least double long-term Treasury buybacks. Long-dated Treasury yields briefly fell and the dollar weakened, while gold climbed, putting the so-called debasement trade back in focus.
Market Context
Bitcoin
BTC
$77,678
+0.90% (24H)
Market Cap
$1.56T
24H Volume
$25.6B
24H High
$78,035
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