Trader Amy ™ | Crypto Futures

🧑‍🔬 Now, more than ever, it makes sense to reflect on the market.

Looking at the weekly picture, Bitcoin has broken out of the six-week range of 62,000–66,900, where it had been sitting since July 8. Volatility there had compressed to multi-year lows, and a dense cluster of shorts had accumulated under the upper boundary. That cluster was liquidated.

Over two days, more than 4 billion dollars in short positions were liquidated! Moreover, Thursday set a record not seen since 2021! The 23% rise for the week is largely not due to buying, but to forced short covering. 🚀 Right now, the main task for buyers is the 80,000 zone. Three things converge there: the largest supply cluster, the average entry price of ETF holders, and the 50-week moving average. Breaking and holding above this level would open the path to 81,000–83,000. Additionally, the picture is strengthened by inflows into spot ETFs. 517 million on August 19, 606 million on August 20, totaling approximately 1.92 billion. These are the largest figures since May. Separately, something I like about this configuration. Open interest in futures is holding around 55.7 billion and is barely growing, down 0.28% over two days. This means the movement is driven by spot demand and position closing, rather than leverage expansion. 📊 On August 22, we saw the sharpest flash crash since October 2025: 108 billion in market cap evaporated in six minutes, 1.71 billion was liquidated, affecting 281,846 traders. The main impact hit longs. If we fail to hold above 80,000, the nearest serious support is 70,500. That is where the last acceleration began. And another interesting point. Bitcoin dominance has risen to 59.2%, while the altseason index has dropped to 36 out of 100, compared to 44 the day before. Money is concentrating in Bitcoin rather than spreading out to altcoins. We are still approximately 40% below last year’s October high. This is an upward movement within a longer downtrend. 💴 The coming days around the 80,000 zone could truly be decisive.