[Bitcoin Puell Multiple Rises to 0.96, Largest Increase in Nearly 3 Months] According to Digital Asset, as of 22:00 (UTC+8) on August 22, the Bitcoin Puell Multiple rose to 0.96, marking the largest increase in nearly 3 months since May of this year. Bitcoin miners' holdings are approximately 1.191 million BTC, a decrease of 46 BTC compared to a week ago. The 7-day moving average of Bitcoin's total network hash rate increased to approximately 905 million TH/s, up by about 10.14 million TH/s in a week.

According to Defillama data, Hyperliquid's revenue this week reached $16.93 million, an increase of nearly 196% from last week's revenue of $5.72 million.

According to growthepie data, the top five revenue streams of the Ethereum ecosystem in the past 7 days are: Ethereum mainnet $3.46 million, Base Chain $1.1 million, Polygon PoS $50482 million, Robinhood Chain $370640, and Arbitrarum One $116420; The Ethereum mainnet and Base Chain have increased by 149% and 271% respectively.

Bitfinex analysis shows that the recent rise of Bitcoin is driven by spot demand and short covering. On August 19th, the US Treasury Department expanded the scale of long-term bond repurchases, and the US spot Bitcoin ETF received $297.6 million in inflows on the same day. When the price of Bitcoin rises by 10% to 11%, open contracts only rise by about 4%. On August 20th, the US spot Bitcoin ETF saw a daily inflow of $606.29 million, with BlackRock IBIT contributing approximately 82%. Bitfinex pointed out that $68000 to $69000 is an important support level, and the biggest risk currently is a large amount of profitable Bitcoin flowing into trading platforms, which may trigger the largest profit taking since 2026.

According to TradingBeats monitoring, "Maji" has closed all 1225 BTC long positions, resulting in a loss of $2.46 million in the past day and a total position value of $85 million. At present, "Maji" holds 27500 ETH worth approximately $65.428 million, with an average entry price of $2354.97 and unrealized profits of approximately $666300; Holding 250000 HYPEs worth approximately $19.595 million, with an average entry price of $79.4088, unrealized losses of approximately $257000, and a total floating profit of approximately $409300 from the two positions.