Pantera Capital(@PanteraCapital):Bitcoin spent the past six months in a tight range. After periods of consolidation, moves tend to be violent and large. Positioning is now reversing: from investors being on the sidelines and even net short to a growing desire to be long. The breakout above the 200-day moving average at 69K has brought in momentum and trend following funds. From a long-term perspective, digital assets are still about 50% below previous highs while fundamentals have strengthened: stablecoin adoption, prediction markets, perpetual futures, and agentic commerce. When fundamentals improve and prices remain discounted, the case for continued constructive positioning becomes clear. @cosmo

2026.08.21 19:07

Bitcoin spent the past six months in a tight range. After periods of consolidation, moves tend to be violent and large. Positioning is now reversing: from investors being on the sidelines and even net short to a growing desire to be long. The breakout above the 200-day moving average at 69K has brought in momentum and trend following funds. From a long-term perspective, digital assets are still about 50% below previous highs while fundamentals have strengthened: stablecoin adoption, prediction markets, perpetual futures, and agentic commerce. When fundamentals improve and prices remain discounted, the case for continued constructive positioning becomes clear. @cosmo_jiang @CNBCTheExchange @KellyCNBC