The recent $BTC (+6,24 %)rally is primarily a macroeconomic story, not purely a crypto story. While the FOMC minutes revealed a more hawkish internal debate than the final monetary policy decision suggested, data released since then has increasingly weakened the case for further tightening. A lower-than-expected inflation reading and weaker labor market data have renewed expectations that U.S. monetary policy is heading toward a less restrictive course. $BTC (+6,24 %), which continues to react very sensitively to changes in liquidity expectations and real yields, has responded accordingly.

The inflows suggest that institutional demand is returning in tandem with the improved macroeconomic environment. Digital investment products based on cryptoassets—i.e., ETPs—have recorded $1.3 billion in inflows so far this week. Of that amount, approximately $715 million came on Wednesday—the strongest single-day figure since May 1 and one of the strongest days of the year. #bitcoin Bitcoin-focused products accounted for about $1 billion of the weekly inflows, bringing year-to-date inflows back into positive territory after a prolonged period of weakness.

(Author: James Butterfill, CoinShares’ Head of Research)

You can invest in Bitcoin through the following vehicle: $BITC (+6,43 %)

Yes, the price has risen by (almost) 20% in 3 days... Does that mean the bear market is simply over? NO, not yet.

I (and especially my portfolio) am also happy about the first profits, but that doesn't mean much yet. So please don’t give in to FOMO—it’s better to wait a few more weeks...

Partial investments are okay, but never invest everything based on emotions just because you think you can make a quick buck...

To me, this looks more like a new local top before the final breakdown in this cycle occurs. Timing-wise, it doesn’t quite add up yet, and I don’t see the classic market pain... Plus, the overall market situation isn’t exactly favorable for “risk-on” plays (Bitcoin and the like)...

I expect at least the 45k USD mark by early to late October, depending on the situation.

If that doesn’t happen, I’ll change my plan.

$BTC (+6,24 %)

Quick edit:

I’ve noticed that on social media, many people—the so-called “masses”—are currently extremely bullish and believe the bottom has already been reached. I’m also seeing numerous memes—shared and liked en masse—where people are making fun of others who are speculating on prices below 60k or 50k. Interestingly, the masses think they’re not part of the masses and are convinced that the bear market is over. That’s pretty striking, because the average investor is (almost) never right. Bitcoin won’t keep rising this strongly forever.

Let’s see what the future holds!

$BTC (+6,24 %) It's rising again; I didn't manage to get in at a lower price.

Now things are getting exciting again. How are you all doing?

• Trump stated that the U.S. is considering purchasing “significant” amounts of Bitcoin

$BTC (+6,24 %)

and other cryptocurrencies.

• He called on Congress to pass the Crypto Clarity Act.

• Trump assured that the U.S. would ensure it maintains its undisputed leadership in the Bitcoin and cryptocurrency market.

• Hyperliquid $HYPE (-0,41 %) rose 22% to $71 after Trump said the CFTC was working on approval in the U.S.

• SEC Chair Paul Atkins stated, “We will ensure that the greatest technological advances are realized here in America.”

• Trump claimed he had “ended the war on cryptocurrencies once and for all.”

$ETH (+3,04 %)
$BNB (+3,74 %)
$XRP (+9,84 %)
$COIN (+5,21 %)
$MSTR (+8,04 %)
$CRCL (+5,82 %)
$GLXY (+4,56 %)
$HOOD (+5,27 %)
$ABTC

Institutional demand has recently become significantly more volatile. After global digital asset investment products recorded inflows of $1.15 billion in the first week of August, they turned to outflows of $349 million last week. This abrupt reversal affected almost exclusively $BTC (+6,24 %), which accounted for outflows of $371 million. The movement was primarily a U.S. phenomenon: products in the U.S. recorded redemptions of $402 million, which were partially offset by moderate inflows in Europe.

We view this as a tactical rather than a structural shift. Inflows into $ETH (+3,04 %) remained largely stable, while $ALT (+7,94 %) recorded slight inflows. This therefore represents a #bitcoin-specific, macro-driven repositioning rather than a broad-based pullback. The trigger is the interest rate outlook: Since U.S. inflation remains stubbornly above target, expectations for short-term rate cuts remain uncertain. The minutes of the U.S. Federal Reserve and the Jackson Hole Economic Policy Symposium at the end of the month will be decisive.

For investors, it is crucial to recognize that capital flows have now become a mechanical, short-term driver of price movements. In a market with low volatility and little hedging, even moderate outflows can $BTC (+6,24 %)affect the price. Weekly fluctuations should therefore not be confused with a change in the long-term investment thesis.

$BITC (+6,43 %)

$CETH (+3,19 %)

$DIME

As I announced just under two months ago, I’ve been restructuring my portfolio over the past few weeks.

I sold 11 individual stock positions, realizing a profit of about 10k.

I invested a portion of the freed-up funds in several installments into $BTC (+6,24 %) , and the rest went into ETFs.

Yesterday morning, I purchased the final tranche and have now reached a full Bitcoin.

Well, now let’s see if that was a smart move...

Anyone who looked at the $BTC (+6,24 %) chart today probably had to look twice.

BTC jumped from around $64,000 to nearly $69,000 in a very short time. At the same time, more than $1 billion in short positions were liquidated. (MarketWatch⁠)

What happened?

Part of the move was driven by the U.S. Treasury Department’s announcement that it would significantly expand its planned bond repurchases. The market interpreted this as a signal of improved liquidity conditions.

Then came the second effect: the short squeeze.

Many traders were positioned for falling prices. When Bitcoin suddenly broke out to the upside, these positions had to be forced closed. To do so, the short sellers had to buy Bitcoin.

Rising prices → short liquidations → forced buying → even higher prices.

A classic chain reaction.

And that’s exactly why the chart looks so extreme right now.

But for me, the more intriguing question now is:

Was this just a short squeeze—or the beginning of a larger movement?

The $70,000 mark is now interesting from both a psychological and technical perspective. If Bitcoin can establish itself above this zone, it could lead to much more. If, on the other hand, the breakout fails, a large part of the movement may have been driven solely by leveraged positions.

Personally, I find moments like these particularly interesting when it comes to Bitcoin.

Not because I believe Bitcoin has to rise every day.

But because this is a great example of how strongly liquidity, leverage, and market psychology can move the price.

I’m sticking to my long-term Bitcoin strategy and won’t let individual hourly price movements rattle me.

What do you think: $70,000 as a springboard—or is a pullback coming?

#Bitcoin
#BTC
#Krypto
#Investieren
#Anlegen
#Longterm
#Vermögensaufbau