Bitcoin continued to climb on Wednesday, touching $69,749 in the disk, and then back to the neighborhood of $68,689. Based on Bitstamp data, Bitcoin has increased cumulatively by about 9.3 per cent since the current week, up significantly from $62,832 when it opened within the week, just one step from the $700,000 integer level.
The round rose and rapidly squeezed into empty space. The CoinGlass data show that, within the last hour, a total of $1.140 billion of the encrypted market empty warehouse, representing the vast majority of the total amount of $1.22 billion in the same period, indicates that the current cycle has been driven mainly by empty headbacks.
Bitcoin and the Ethers took over the bomb.
In terms of a single asset, the amount of the Bitcoin silos in one hour amounted to $677.64 million, with $422.9 million in the Taifeng and $37.88 million in Solana, which constitute the main part of the current round of liquidation.
In the past 24 hours, the total market size of the empty warehouse was $13.1 billion, involving 112,004 traders. CoinGlass shows that the largest single-barrel warehouse came from a US$ 32.18 million ETA slot in Bitget.
Empty silos usually occur when the leverage position loss increases and the bond is insufficient, and the exchange is forced to level the silos. When prices move fast, empty people are forced to buy back their assets, push the prices further up and trigger the next round of liquidation, a chain reaction that is typical of “empty squeeze”.
Collapse policy event on the eve of a rebound
This round rose on the eve of several important events. According to the report, the President of the United States, Trump, is expected to meet with the heads of the encryption industry and regulators in the White House to discuss the coded market structure. Participants included Paul Atkins, Chairman of the United States Securities and Exchange Commission, Michael Selig, Chairman of the United States Commodity Futures and the executives of Coinbase, Ripple and Kalshi.
Later that same day, the Fed will also publish the minutes of the July meeting. It was mentioned that traders had recently reduced their interest-rate bets, which also provided a context for the rebound of risk assets.
ETF funds back up.
There has been an improvement in the flow of available bitcoin ETF funds, in addition to the fallback. It was reported that after a period of outflows, spot bitcoin ETF was transformed into net inflows this week, which provided additional support to market sentiment.
In the longer term, bitcoin has rebounded about 19 per cent below its earlier phase of $57,735. However, it is still significantly below the historic high of $126,000 created in October 2025.
The market's next focus is on the 70,000-dollar region. The report refers to graphs where it is stated that the current concentration of resistance belts is in the vicinity of US$ 70,284 to US$ 73,245, and that if prices fall again by US$ 68,000, short-lines may still return to previous convulsions.