Bitcoin
Affairs
 
No. 087  ·  22 Aug 2026
 
MARKET SNAPSHOT
BTC / USD
$77,072 		  24H CHANGE
-1.8%
 
ALL-TIME HIGH
$124,749 		  FROM ATH
-38.2%
◎
 NEWS
4 STORIES TODAY
Bond market pressure after $40 trillion debt milestone sharpens Bitcoin’s macro case
AP says surging Treasury yields forced an unusual Treasury intervention this week and are now colliding with a record U.S. debt load above $40 trillion. For Bitcoin, the setup matters because rising term premiums, debt-service costs and policy improvisation all feed the debate over whether capital keeps rotating toward scarce non-sovereign assets.
Macro  Rates
Treasury buyback revives dollar debasement fears across macro and Bitcoin markets
Reuters reports that investors are increasingly reading Washington’s long-dated Treasury buybacks as an effort to contain yields without solving the fiscal problem, reviving fears of softer-dollar policy by other means. The market consequence has been pressure on the greenback and renewed support for gold and Bitcoin as alternative stores of value.
Macro  Rates
U.S. business activity hits a 52-month high, muddying the Fed path
Preliminary August data cited by AP showed overall U.S. business activity accelerated sharply, powered by the strongest services growth in nearly two years even as manufacturing remained soft. That kind of good-growth, sticky-inflation mix can lift risk appetite in the short run but also keep yields higher for longer, which matters directly for Bitcoin’s liquidity backdrop.
Macro  Rates
Coldcard adds new safeguards as wallet exploit fallout keeps self-custody on edge
Decrypt reports Coinkite has added new security measures after a seed-generation flaw in certain Coldcard devices was linked to about $130 million in Bitcoin thefts. The incident is a reminder that wallet security remains a live adoption risk even during strong market rebounds, especially as more users move coins off exchanges.
On-chain
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 COMMENTARY
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Bitcoin Intelligence
@BitcoinIntelX
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🚨 $BTC IS RALLYING, BUT THIS MOVE COULD BE THE TRAP

I said $70K was coming.

Now Bitcoin has surged all the way to $78K, and suddenly the market is convinced the bear phase is finished.

But look beneath the surface:

→ Over $3.1B in short positions were wiped out.
→ Around $1.65B of those liquidations came from BTC alone.

This wasn’t simply a clean breakout.

It was a huge liquidity squeeze.

And the timing couldn’t be better:

→ Trump is pushing the CLARITY Act again.
→ The Treasury increased long-term bond buybacks.
→ Risk assets exploded higher.

That combination created the perfect environment to destroy shorts, trigger FOMO and attract new longs near the highs.

Now almost everyone is chasing the rally.

That’s where the danger begins.

The setup I’ve been watching remains the same:

$70K FVG → $72K → short squeeze → FOMO → distribution → selloff

We aren’t waiting for the bull trap anymore.

We may already be inside it.

My downside scenario remains:

$78K → $67K → $55K → $48K-$44K

Don’t mistake liquidation-driven buying for sustainable spot demand.

The higher BTC gets pushed during this squeeze, the more liquidity could build underneath for a sharp reversal.

Everyone wanted the breakout.

I was waiting for the trap.

Now let’s see what comes next.

Follow + turn notifications on so you don’t miss the next move.
 
 
 
 
 
86 reposts    38 replies    395 likes
DANNY
@Danny_Crypton
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🚨 INSANE CRYPTO FLASH CRASH

In the LAST HOUR:

→ $BTC dumped ~$2,000
→ $500M+ in positions liquidated
→ $108 BILLION wiped from crypto

One hour.

That’s all it took to erase $108B.

And I don’t think the volatility is over yet. https://t.co/yNktTQ2vlK
 
 
 
 
 
2 reposts    21 replies    122 likes
Coin Bureau
@coinbureau
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🔥Inverse Cramer STRIKES again!

Jim Cramer says: “Just go buy Bitcoin.”

Pure chaos follows over the next 6 minutes:

- Bitcoin drops $2,000
- $108 BILLION wiped from the crypto market
- $600M in longs liquidated
 
 
 
 
 
95 reposts    97 replies    793 likes
Luke Broyles
@luke_broyles
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For those who have less than a 5% allocation to Bitcoin.

The US Treasury in August of 2026 said they want to "at least double" their buys of 10-30 year Treasuries, and the market within 24 hours absorbed the news and responded with yet higher bond rates.

In simple speak: America's debt is in so low demand, the US government just "at least doubled" it's desire to buyback the debt, and the market doesn't care.

This is, in a word, bad.

All real estate, stocks, bonds, and cash you own is going to decline 90% in terms of Bitcoin.

Who is talking about this issue?

Ray Dalio has managed up to $160 billion meaning he has run the world's largest hedge fund. @RayDalio says Bitcoin is a great hedge.

Elon Musk is a trillionaire and at the forefront of humanoid robotics, economics of rocket science, electric vehicle manufacturing, and AI. @elonmusk says in the future money won't exist other than energy based currency and that Bitcoin is the only currency that fits that description.

Michael Saylor was one of the longest-serving chief executive officers in the publicly traded technology sector. @saylor says Bitcoin is going to become 50% of the world's assets and is going to $20,000,000 per coin.

Paul Tudor Jones is the founder and chief investment officer of one of the most successful macro hedge funds in history. @ptj_official says Bitcoin is "unequivocally" the best inflation hedge that there is with a 5% allocation.

Stanley Druckenmiller is the legendary macro investor who averaged 30% annual returns for three decades at and previously managed money for George Soros. @standruckenmiller says Bitcoin has become a brand and is probably going to be a store of value.

Larry Fink is the co-founder, chairman and CEO of BlackRock, the world's largest asset manager with over $10 trillion under management. @LarryFink says Bitcoin is an asset that protects against currency debasement and that "nobody should be surprised" when it is $700,000 per coin.

Bill Miller is the legendary value investor and founder of Miller Value Partners who famously beat the S&P 500 for 15 consecutive years. @BillMillerIII says Bitcoin is digital gold and an insurance policy against financial catastrophe.

Cathie Wood is the founder, CEO and CIO of ARK Invest, a pioneer in disruptive innovation investing. @CathieDWood says Bitcoin owns the cryptocurrency space as a pure monetary system and has a bull case target of over $1,000,000 per coin.

Jack Dorsey is the co-founder of Twitter and founder and CEO of Block (formerly Square). @jack says Bitcoin is money and hyperinflation of the USD is coming.

Peter Thiel is the co-founder of PayPal and Palantir and one of the most successful venture capitalists in Silicon Valley. @peterthiel says Bitcoin is the most honest market we have and the online equivalent of gold.

Tim Draper is a legendary venture capitalist who was an early investor in Tesla, Skype, and Hotmail. @TimDraper says Bitcoin will reach $250,000 and eventually go infinite against the US dollar as a superior currency.

Anthony Pompliano is a former Morgan Stanley professional turned Bitcoin entrepreneur, investor and host of one of the top finance podcasts. @APompliano says Bitcoin is the hardest money available and the best defense against the money printer.

Howard Lutnick is the longtime CEO of Cantor Fitzgerald and currently serves as US Secretary of Commerce. @howardlutnick says Bitcoin is like gold and has invested heavily in Bitcoin exposure.

Scott Bessent is the United States Secretary of the Treasury and a former hedge fund manager who previously served as chief investment officer at Soros Fund Management. @SecScottBessent says Bitcoin is a store of value whose network never shuts down and that the United States will build a Strategic Bitcoin Reserve to become the Bitcoin superpower of the world.

Kevin Warsh is the Chair of the Federal Reserve, a former Federal Reserve Governor, and a longtime partner of legendary investor Stanley Druckenmiller. @kevinmwarsh says if you’re under 40 years old Bitcoin is your new gold, that it can serve as a sustainable store of value like gold, and that it is an important asset that acts as a good policeman for policy.

Bitcoin and the bond market are at odds against each other. An increasing number of people close to the source of the bond market are betting on Bitcoin.

Aquire as much Bitcoin exposure as you can tolerate.

Then increase your tolerance.
 
 
 
 
119 reposts    13 replies    747 likes
Mister Crypto
@misterrcrypto
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🚨 $BTC HAS A PROBLEM AT $80,000.

A huge wall of sell orders is sitting right at the level everyone is watching.

Someone clearly has a LOT of Bitcoin to unload. https://t.co/fNU2wEYFjY
 
 
 
 
3 reposts    6 replies    67 likes
Sherlock | DeFi Researcher
@Sherlockwhale
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Bitcoin rallied 83% during the 2014 bear market.

66% during the 2018 bear market.

35% during the 2022 bear market.

Every single time, Bitcoin still went on to make a new low.

Today’s rally is smaller than all three, yet bulls are celebrating it like the cycle has changed, easiest people in crypto to fool.
 
 
 
31 reposts    83 replies    432 likes