Analyst: BTC Posts Best Single-Day Gain Since February, Short-Term Holders Record Year's Largest Profit-Taking

August 20 news: CryptoQuant analyst Darkfost stated that BTC posted its best single-day performance since February with a 7.1% gain, as short-term holders sent over 44,300 BTC in profitable positions to exchanges, marking the largest single-day profit-taking on record for 2026, as BTC rose above their cost basis of approximately $67,100. Multiple catalysts drove the rally: Bessent announced that the US will advance long-term Treasury buybacks and double the scale, compressing long-end yields; Trump stated at the White House crypto conference that he is considering purchasing a "fairly substantial" amount of BTC, urged Congress to pass the Clarity Act, and expressed willingness to bring Hyperliquid to the US.