Wow, Blackrock just hit a fresh record of its own. Over the past week, its clients scooped up $1.33 billion worth of Bitcoin without a single pause, buying every single day as if they couldn't afford to miss the momentum. This marks Blackrock's biggest week since Bitcoin hit its all time high on October 6, 2025, and since early july, their total net purchases have now crossed $2.17 billion, with more than half of that piling up in just the last seven days.
On the other side of the world, Japan is pushing even further into blockchain adoption for traditional finance. The Financial Services Agency, the Ministry of Finance, the Bank of Japan, and three of the country's biggest banks are reportedly building an instant 24H settlement system for stocks and government bonds worth eight trillion dollars. JPMorgan and BlackRock Japan have already started testing their own blockchain systems for the same market, and this comes not long after Japan lifted a four year freeze on crypto and began treating digital assets as official financial products.
Meanwhile, traders are starting to pay closer attention to where global liquidity is headed. On one front, the US Treasury is reportedly considering releasing $1 trillion from the Treasury General Account for bond buybacks, a move that could inject more liquidity into the financial system and push yields lower.
This excitement isn't coming out of nowhere. The crypto market is riding a euphoric wave after Bitcoin jumped 28% throughout August, now eyeing the $81,200 mark heading into Jackson Hole week. The Crypto Greed Index has surged to 74 out of 100, its highest level in nearly a year.
But this euphoria has an expiration date. This Wednesday, PCE inflation and GDP data will be the first test for this rally, before everything culminates in one big moment on Friday, the firstever Jackson Hole speech from new Fed Chair Kevin Warsh. A dovish signal could fuel the euphoria even further, while a hawkish surprise could flip market confidence into fear in an instant. For now, billions of dollars are holding their breath, waiting for one person to speak.
The triggers are stacking up in layers, from Treasury bond buybacks pressuring yields down and weakening the dollar, to a wave of short position liquidations worth over $4 billion accelerating the price surge.
As for what's happening on the BTC price chart, the highest candle closed red. This signals a temporary pullback may be on the way. The FVG zone sits around $88,630 - $84,150, and the resistance zone is around $90,280 - $88,405, will price come back to retest these levels soon?
Will this current pullback in Bitcoin and altcoins last until there's certainty from the Fed? Until August 28? The appearance of this Shooting Star candle suggests BTC got rejected by sellers right as it touched its high, right as it approaches a hugely important announcement. Which Fibonacci level do you think will hold as support?
So here's the bottom line, the crypto market is now standing at a crossroads between euphoria and caution. Institutional inflows from BlackRock, talk of a liquidity injection from the US Treasury, and Japan's major moves into blockchain adoption are all fueling the optimism pushing Bitcoin toward a high psychological level. But behind that momentum, technical signals like the Shooting Star candle and seller pressure at resistance are a reminder that this rally isn't fully safe yet. All eyes are now on the PCE inflation data, GDP, and above all, Fed Chair Kevin Warsh's speech at Jackson Hole, because a single sentence could decide whether this euphoria continues or flips into a sharp correction.
Source
⛔Disclaimer - This analysis is for educational purposes and reflects personal opinion only, not financial advice. Always practice risk management and use stop losses (SL) according to your own risk tolerance.
