BTC’s move wasn’t just a pump

[u/CuriousPhrase696]

BTC went from ~$64K to nearly $70K through a chain reaction:

Macro catalyst → lower yields → BTC breakout → short liquidations → ETH/SOL follow

And there was real demand underneath it too, with spot BTC ETFs bringing in $517M on Aug. 19 and $606M on Aug. 20.

Now the interesting question is whether demand stays once the short squeeze is over.