"Bitcoin got rejected at $79,500, we almost hit $80,000," the analyst account darlene.net posted on X on August 22, as a five-day run from under $63,000 stalled and the price drifted back toward $76,000. "There was a large volume of sell orders sitting there, but the market will gradually eat through them and push higher."
"ETFs bought $1,920,000,000 in $BTC this week. Biggest weekly inflow since October 2025," the analyst Ted Pillows posted the same day, a week Farside Investors' tally shows peaked Thursday at $606 million, $503 million of it BlackRock's IBIT.
'Institutions Aren't Waiting'
"BlackRock's clients just stacked over $500,000,000 worth of Bitcoin in a single day," the account @nikonchain posted, days after mid-August sessions had bled a net $385 million from the funds. "Institutions aren't waiting."
"Asset managers and ETF issuers have existed for a while," Bruno Caratori, co-founder of ETF issuer Hashdex, said on the On The Margin podcast. "All the folks here in the US know very well the names such as Fidelity, Vanguard, BlackRock, and there's a lot more."
"Spot Bitcoin ETFs pulled in 517.19 million dollars on Wednesday, the largest single day inflow in three and a half months. Eight of twelve ETFs were positive, led by 284.7 million dollars into BlackRock's IBIT alone," the account @IgnacioAFCMO wrote, three days after the short squeeze that had Anthony Scaramucci eyeing $100,000. "Real money showed up right as the short side got forced out. That timing is rarely a coincidence."
'The Support Is Now At The $75,000 Level'
"Roughly $550 million worth of leveraged crypto positions was liquidated in just 60 minutes as Bitcoin fell from $79,500 to around $77,000," the tracker account Alerting.Guru counted, putting the 24-hour total at $1.8 billion across more than 286,000 traders. "This is already the third major liquidation wave," darlene.net added.
"Some profit booking has happened, and this is good, as we may see accumulation before the next leg up," the swing trading account CRYPTID.Crypto posted, days after Polymarket traders put 85% odds on $80,000. "The support is now at the $75,000 level."
'Exit Liquidity At $79K'
"Everyone is celebrating $79K. I'm doing the opposite," the pseudonymous trader Simba posted, pushing back on the retail rush that has some eyeing $126,000. "The second retail turns bullish again, I start paying attention," the post continued. "I'm not bearish on Bitcoin long term. I'm bearish on becoming exit liquidity at $79K." Then: "Let everyone else FOMO into the pump. I'm waiting for the real blood before I start loading longs."
"And they tend to buy back late," Michael Terpin, founder of Transform Group, said of bitcoin's biggest holders on the On The Margin podcast. "They tend to buy back about four to six weeks after the bottom because they're hoping it goes lower. And they don't want to get dumped on."
'I'd Be Happy With 80,000'
"They do not want to go and be exit liquidity for the panicked newbies that bought at the top," Terpin said, voicing the investor who buys a top and then bargains with every round number on the way down: "I'd be happy with 80,000 and all of sudden it goes down to 60 and it recovers up to 70. They're like, oh my god, I got out at 70. Thank God. I lost 30%."
"At the height of prices, we had close to one point seven billion dollars, I believe. And of course our assets under management fluctuate with prices," Caratori said of his own firm's funds. His measure of the buying is not the dollar figure: "we're still at our all-time high in terms of bitcoins under management."
"Above $80,000 there are still many billions of dollars in shorts waiting to be liquidated," darlene.net posted, the fuel bulls are counting on if the ETF bid chews through the wall at $79,500.