The encryption market was strong on Thursday, and the XRP was up ahead. The coin rose to US$ 1.39 in 24 hours, an increase of 13.6 per cent a day and a cumulative increase of nearly 40 per cent in the past week, significantly stronger than that of bitcoin and Ethera during the same period.

The mainstream currency is generally high.

Bitcoin rose by 7.2 per cent over the same period, reporting US$ 77,393.67; the Taifeng rose by 4.6 per cent, reporting US$ 2,403.59, a cumulative increase of 28.3 per cent over the past week. In addition to the two main currencies, Solana rose by 5.2 per cent to $91.55, Hyperliquid by 5.9 per cent to $76.45, and its weekly performance was higher than that of bitcoin.

The whole market synchronized. The data show that the total market value of encrypted assets rose to approximately $2.68 trillion, with a 24-hour turnover of approximately $163.7 billion, reflecting that the current round was not driven by individual currencies alone.

Empty head in the air.

The rapid upswing in prices was accompanied by a marked squeeze on the use of empty funds. The data show that, over the past four days, there has been a loss of approximately $3,787 million in empty space positions, compared with a loss of some $687 million in many cases over the same period, with market losses being concentrated mainly on the empty side of the reverse.

Of these, approximately $941 million in empty silos were emptied within four hours of 2000 hours on 19 August (UTC). This period has also become one of the most intense liquidation windows in the recent market for encrypted derivatives, indicating a clear reactive back-up in the course of the increase.

Bitcoin's movement is a historical contrast.

It was reported that since 2013, there had been 14 up-to-date fluctuations in bitcoin at the “five times the standard deviation” level. According to the same set of historical data, after such extremes, the median return for Bitcoin was 4.8 per cent a week later, 11.8 per cent a month later, 15.1 per cent a month later and 84 per cent a month later.

This group of historical samples, however, is more used to illustrate the intensity of the course, and does not mean that subsequent trends will repeat the rhythm of the past. As far as the short-term is concerned, the market remains concerned about whether Bitcoin can go further on the $80,000 line.

Short-line focus on $80,000 nearby.

Some market participants believe that the resistance position above bitcoin is close to $80,000, while the support area below is approximately $72,000. Given the magnitude of the increase in the current round, short-line swings are not excluded on or around the weekends, but the overall dynamic energy of the market remains biased.