The regulators and the Treasury lined up
The SEC's proposal, released the day before the rally, laid out a new framework for crypto assets. It wasn't a law yet, but the market took it as a signal that the agency was finally moving toward rules, not just enforcement. A day later, the Treasury said it would increase the maximum size of its buyback operations from $2 billion to at least $4 billion per operation, covering 10-20 and 20-30 year securities from 9 September through 4 November. That's the kind of liquidity injection that tends to lift risk assets, and crypto followed.
Translation:Pengawal selia dan Perbendaharaan sejajar
Cadangan SEC, yang dikeluarkan sehari sebelum kenaikan itu, menggariskan rangka kerja baharu untuk aset kripto. Ia belum menjadi undang-undang, tetapi pasaran menganggapnya sebagai isyarat bahawa agensi itu akhirnya bergerak ke arah peraturan, bukan sekadar penguatkuasaan. Sehari kemudian, Perbendaharaan mengumumkan akan meningkatkan saiz maksimum operasi pembelian baliknya daripada $2 bilion kepada sekurang-kurangnya $4 bilion setiap operasi, meliputi sekuriti 10-20 dan 20-30 tahun dari 9 September hingga 4 November. Itulah jenis suntikan kecairan yang cenderung meningkatkan aset berisiko, dan kripto mengikutinya.
We need to keep "10-20 and 20-30 year securities" – we can say "sekuriti 10-20 dan 20-30 tahun" – fine. Third paragraph:ETF money flowed in both directions
Bitcoin ETFs pulled in $1.92 billion over the five sessions to 21 August, their best week of 2026 and the largest since October 2025, per SoSoValue. Ethereum funds added another $697.2 million, bringing the combined total to $2.6 billion. Both saw inflows all five days, reversing a $392 million outflow the week before. The reversal matters because Bitcoin ETFs still carry about $2.9 billion of net outflows for the year—the rally hasn't yet erased the damage from earlier months.
Translation:Wang ETF mengalir dalam kedua-dua arah
ETF Bitcoin menarik masuk $1.92 bilion dalam lima sesi sehingga 21 Ogos, minggu terbaik mereka pada 2026 dan terbesar sejak Oktober 2025, menurut SoSoValue. Dana Ethereum menambah lagi $697.2 juta, menjadikan jumlah gabungan $2.6 bilion. Kedua-duanya menyaksikan aliran masuk sepanjang lima hari, membalikkan aliran keluar $392 juta pada minggu sebelumnya. Pembalikan ini penting kerana ETF Bitcoin masih membawa kira-kira $2.9 bilion aliran keluar bersih untuk tahun ini—kenaikan itu belum lagi menghapuskan kerosakan daripada bulan-bulan sebelumnya.
We need to keep "SoSoValue" as is. Fourth paragraph:What the charts say now
Bitcoin cleared its 200-day moving average, near $69,000, for the first time in nine months. That's a technical milestone. But the bigger pattern is the weekly bullish divergence that formed through the first half of 2026: price made lower lows while the Relative Strength Index made higher lows, similar to late 2022 before the bear market bottom. The daily RSI moved from the low 40s to above 80 within a week, peaking near 90—a mirror of December 2022 to mid-January 2023. Those are the kinds of moves that tend to scare the margin traders.
Translation:Apa yang carta katakan sekarang
Bitcoin melepasi purata bergerak 200 harinya, hampir $69,000, buat kali pertama dalam sembilan bulan. Itu adalah pencapaian teknikal. Tetapi corak yang lebih besar ialah perbezaan kenaikan mingguan yang terbentuk sepanjang separuh pertama 2026: harga membuat paras rendah yang lebih rendah manakala Indeks Kekuatan Relatif membuat paras rendah yang lebih tinggi, serupa dengan akhir sebelum bah
