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A direct August 26 reference price sits just above the cutoff after strong inflows and momentum, so a qualifying Bitcoin price is favored.
Bitcoin entered August 26 marginally above the required level after a powerful rally supported by exchange-traded fund inflows, lower Treasury yields and forced short covering. That position favors a qualifying price, but the tiny cushion, wide recent trading range and signs of overheating leave substantial room for an abrupt reversal.
Research and information only. Not financial advice or a recommendation to trade. Markets involve risk, including loss of capital. Review venue rules and eligibility before trading.