'Resoundingly Bulls'—Scaramucci Eyes $100,000 After Bitcoin Squeeze

"BTC just pushed above $65,000, and 0x8c96 felt it," the analytics account The Data Nerd posted on X on August 18, tracking a Hyperliquid trader whose $117 million short bet against bitcoin was being eaten alive. "The gambler's 1,800 $BTC ($117M) short got partially liquidated, 360 $BTC ($23.36M) wiped in the move."

"$179 million in shorts were liquidated as Bitcoin pushed back above $64,000 today," the trader known as That Martini Guy posted on August 17. "After selling off all of last week, Bitcoin erased most of the move in a single day."

Bitcoin ran from under $63,000 to $65,059 in two days. Anthony Scaramucci, the SkyBridge Capital founder, picked that moment to call the bear cycle's tail end and a return above $100,000.

"We are still resoundingly bulls on Bitcoin," Scaramucci said in a clip that spread across X on August 18.

Bitcoin is in a bear market by his own reckoning. What makes this one different, he argues, is how shallow it has been. "And yet, we've only had a 55% drop," Scaramucci said, against declines of 75% to 80% in earlier cycles.

The trough matches: a 54% fall from October's $126,198 peak to June's $58,000 low, closer to 49% from today's $64,400.

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