Bitcoin broke the shock zone, which lasted six weeks before this week, and the price rose by $71,000, followed by $72,000. The short-line increase was further amplified by the concentration of empty silos in the course of the journey.

Macro-change-driven heating

One of the triggers of this round was a sudden change in the United States Treasury debt market. This week, the United States Treasury Department indicated that it would significantly scale up the liquidity-support buy-back operation for some of its long-term national debt. After the news was released, the return on United States debt fell, the United States dollar weakened and market pressure on risk assets eased.

30 The annual United States debt return went down about seven basis points that day. The long-term return on returns usually reduces the attractiveness of risk-free assets and creates a more liberal trading environment for encrypted assets. According to Reuters, this operation may have had a limited boost to the debtor market, but it has nevertheless sent a more positive signal to the encryption market.

ETF One-day Inflow Over $500 million

The financial context is also aligned with this increase. SoSoValue data show that the real bitcoin ETF in the United States recorded a net inflow of about $517.2 million on August 19, indicating that institutional funds are still entering.

  • Net inflows at 19 August were about $517.2 million
  • Bitcoin rose to $72,000.
  • The break-through process is accompanied by large-scale empty silos.

The demand for real and permanent goods is getting better.

CryptoQuant CEO Ki Young Ju stated that Bitcoin's demand in the spot market and the sustainable contract market had been converted to positive values for the first time since October 2025, when it was first high.

However, he also mentioned that the current level of demand improvement was still modest. If this trend lasts for a month, it is all the more reason to judge that Bear City is over. This judgement is more cautious than the market's optimism of $72,000.

Chief Executive Officer Jan3 Samson Mow interprets this increase as a rebound in the need to avoid risk, arguing that funds are flowing to Bitcoin. At the same time, Peter Schiff, a long-time critic of Bitcoin, argued that the $72,000 increase was more like a fake breakthrough than a trending up.