Bitcoin's Biggest Surge in 3 Years 5 Months... Is a Bull Market Starting Again? This Week, Focus on 'This' | Seo Dong-ju, Kim Dong-hwan, Park Sang-hyuk, Digital Asset Editor-in-Chief

Bitcoin's Biggest Surge in 3 Years 5 Months... Is a Bull Market Starting Again? This Week, Focus on 'This' | Seo Dong-ju, Kim Dong-hwan, Park Sang-hyuk, Digital Asset Editor-in-Chief [Crypto PLUS]
Watch on YouTube ↗  |  August 24, 2026 at 03:03  |  29:45  |  3PRO TV (삼프로TV)
Speakers
Park Sang-hyuk — Editor

Summary

Park Sang-hyuk and the Crypto PLUS panel review the latest Bitcoin surge, the largest weekly gain in three years and five months. They attribute the move to Bitcoin-gold co-movement, weak-dollar and fiscal-crisis concerns tied to US Treasury buybacks, and Ray Dalio's anti-dollar-asset comments. The discussion also covers key upcoming event risks, flows, Strategy's MSTR/STRC setup, and altcoin outliers such as Ethena, memecoins, and Zcash.

  • Bitcoin rose about 24% on the week, the strongest week in 3 years and 5 months.
  • The rally is linked to Bitcoin-gold co-movement, weak-dollar conditions, and US Treasury buyback/fiscal concerns.
  • Ray Dalio's comments on holding gold and some bitcoin as anti-dollar hedges were cited.
  • US spot Bitcoin ETF flows hit their largest weekly net inflow since October 2025.
  • This week's Jackson Hole speech, US PCE, Nvidia earnings, and potential Iran sanctions are highlighted as key event risks.
  • Strategy's MSTR common stock and STRC preferred are monitored around NAV premium and the $100 par level.
  • Ethena, Pump.fun/Trump memecoins, and Zcash are reviewed as notable altcoin movers.
Ideas
Park Sang-hyuk Editor 0:01
Bitcoin and gold rise on weak dollar.
Bitcoin's 24% weekly surge, the largest in 3 years and 5 months, is being driven by a strengthening Bitcoin-gold co-movement as US Treasury buybacks fail to lower long-term yields, the dollar weakens, and fiscal crisis worries spread. Ray Dalio's weekend comments supporting anti-dollar hedges such as gold and bitcoin add to the narrative, while US spot bitcoin ETFs just recorded their biggest weekly net inflow since October 2025.
GLD BTC HIGH
Park Sang-hyuk Editor 3:59
Treasury buyback failing; long yields rising.
The US Treasury's buyback program is failing to pull long-term government bond yields lower; after brief improvement, long-end yields recovered and then kept climbing. That signals the Treasury's medicine is losing effectiveness, raises fiscal crisis concerns, and makes long-term US Treasuries unattractive while acting as a headwind for US equities and risk assets.
IEF MED
Park Sang-hyuk Editor 15:53
Watch MSTR STRC par recovery.
Strategy common stock MSTR has recovered to about 1.01x NAV after a 26% rise, and the next key trigger is whether the STRC preferred can climb from around $96 to its $100 par value. If it does, Strategy is seen as able to support it and confidence could improve; also the average Bitcoin purchase price is around $76,000, so the stock is near break-even and can issue new paper again if the NAV premium moves above 1.2.
MSTR STRC MED
Park Sang-hyuk Editor 23:12
Ethena surges on catalysts; sustainability uncertain.
Ethena topped altcoin gainers on three catalysts: a $1 billion institutional lending program with prime broker FalconX, reported Arthur Hayes buying, and regulatory tailwind from its USDTV stablecoin as the Trump administration pushes the CLARITY Act. But caution is warranted because Hayes's buying often ends badly, USDTV's US compliance/regulation path looks difficult, and the token has already surged excessively.
ENA MED
Park Sang-hyuk Editor 25:40
Memecoins speculative; can reverse fast.
Memecoin activity exploded alongside Bitcoin's surge, with Pump.fun rallying on fee-burn tokenomics and Jupiter buying, and Trump Official rising on the president's digital-asset narrative. This shows risk appetite is returning, but memecoins are very narrative-dependent and can reverse sharply once the narrative fades, so they are more of a speculative gauge than a safe chase.
PUMP.FUN TRUMP MED
Park Sang-hyuk Editor 28:17
Zcash breaks out on Grayscale ETF catalyst.
Zcash recovered from its 50% security-vulnerability crash and then broke to new highs after Grayscale filed for a ZEC ETF and the filing revealed that a DCG affiliate plans to purchase up to 200,000 Zcash. The timing of the ETF filing with Bitcoin's rally created a strong bullish catalyst.
ZEC HIGH
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This 3PRO TV (삼프로TV) video, published August 24, 2026, features Park Sang-hyuk discussing GLD, BTC, IEF, MSTR, STRC, ENA, PUMP.FUN, TRUMP, ZEC. 6 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Park Sang-hyuk  · Tickers: GLD, BTC, IEF, MSTR, STRC, ENA, PUMP.FUN, TRUMP, ZEC