Bitcoin has surged for five consecutive days, rising more than 20% from the recent lows.

If you currently hold no Bitcoin, the key question is simple:

Should you buy now, or keep waiting for confirmation?

Waiting for perfect confirmation carries its own risk: by the time the bottom is obvious, much of the move may already be over.

This Zhiweizi Special Report presents a more practical approach:

Start small. Build gradually. Keep most capital available for confirmation.

For investors who already intended to own Bitcoin, an initial 10%–15% of the planned Bitcoin allocation can provide exposure. If the first meaningful pullback holds and the reversal strengthens, a second entry can be considered.

Before stronger confirmation, the first two entries should generally remain below 30% of the planned Bitcoin allocation.

The objective is not to predict the exact bottom.

It is to manage two risks at the same time: buying too early and missing the reversal entirely.

Zhiweizi Special Report — market analysis and investment methodology, not individualized investment advice.

A major liquidity shift hit global markets today. The U.S. Treasury expanded long-dated bond buybacks, pushing Treasury yields and the dollar lower while Bitcoin surged about 7.5% toward $70,000.

U.S. spot Bitcoin ETFs continue to record positive flows, but total stablecoin supply has not yet resumed meaningful expansion. Today's Bitcoin assessment improves to Neutral-to-Bullish, but not fully Bullish.

Hormuz remains disrupted and Brent is still above $91. Today's key signals are oil, long-term Treasury yields and continued Bitcoin ETF inflows.

Hello, I’m Zhiweizi.

More than a year ago, Bitcoin spot ETFs entered Wall Street. It was a historic moment because it gave traditional investors a simple way to invest in Bitcoin.

But this August, something else happened that received far less attention.

Goldman Sachs announced another major acquisition in the ETF and options-management business.

On its own, that may sound like ordinary Wall Street news.

But when we connect it with Goldman’s other moves over the past eight months, I believe we are seeing something much bigger:

Bitcoin is moving from an asset Wall Street can invest in, to an asset Wall Street can build financial products on.

Here is my AI assistant with this BOTO Special Report.

A major divergence is emerging in global markets. Expectations for another Fed hike are falling, yet U.S. and Japanese long-term bond yields have climbed to multi-decade highs.

Bitcoin shows a genuine improvement: U.S. spot ETFs recorded $297.5 million of net inflows on August 17 and another $45.7 million on August 18. But stablecoin liquidity has not yet expanded, keeping today's Bitcoin assessment Neutral, Improving.

Hormuz remains disrupted and Brent is near $91. Today's key alert signals are oil and long-term bond yields.

U.S.–Iran tensions are rising again as Hormuz shipping remains severely disrupted and Brent crude moves above $91. Meanwhile, weaker U.S. economic data have reduced the probability of a September Fed hike to about 35%. Japan’s 10-year bond yield has reached a 30-year high, adding a new global liquidity risk. Bitcoin remains Neutral as institutional and spot demand have yet to confirm a stronger recovery.

BOTO Daily filters global noise and identifies the changes that matter most to the economy, liquidity and digital assets.

Shipping through the Strait of Hormuz deteriorated sharply over the weekend, with only five commodity vessels crossing Saturday and none registered Sunday. At the same time, weaker U.S. employment, inflation and consumer data are reducing the risk of further Federal Reserve tightening. Bitcoin remains Neutral as institutional flows and spot demand have yet to confirm a stronger recovery.

BOTO Daily filters global noise and focuses on the signals that matter most for global risk, liquidity and digital-asset supply and demand.

U.S. retail sales fell 0.6% in July, adding to weaker employment and softer inflation data and reducing the risk of further Federal Reserve tightening. Meanwhile, Hormuz shipping remains far below normal levels, while Bitcoin ETF outflows continue and spot demand remains weak.