WuBlockchain Weekly: Bitcoin Surges Sharply, Citi to Launch Bitcoin Custody Service and Trump Says Hyperliquid to Enter US Market Compliantly, etc

1. BTC breaks above $77,500, nearly 20% gain in three days link

OKX market data shows that BTC broke above $77,500 and traded at $77,100 at press time, marking a 20% gain in the past three days. ETH surged past $2,400 and is now quoted at $2,412, with a gain of over 25% in the past three days. According to CoinGlass data, around $1.254 billion in liquidations occurred across the network over the past 24 hours, including approximately $1.083 billion in short‑position liquidations, with 155,678 traders globally getting liquidated. The largest single liquidation order took place on Hyperliquid for BTC‑USD, worth $23.5968 million.

Strategy holds 840,447 BTC with an average cost basis of $75,385. Based on Bitcoin’s current price, Strategy has broken even and recorded an unrealized paper profit of around $192 million. BitMine holds 5,815,164 ETH with an average cost basis of $3,366. Calculated at Ethereum’s current USD price, BitMine currently carries an unrealized paper loss of roughly $5.792 billion.

On August 20, a total of 174,764 traders faced liquidations, with total liquidation value hitting $2.98 billion. A BTC‑USD position on Hyperliquid constituted the largest single liquidation at $48.8 million. This scale surpasses the $2.23 billion single‑day liquidations during the “tariff shock” in February 2025, ranking as the eighth‑largest liquidation event in cryptocurrency history.