Recaps · August 24, 2026

BTCT, August 24: a 7:30 headline, one halt, and $2.75

• Small cap
• Momentum
• Main move: the morning
• Catalyst: news
• Round-number break
• Halted once
• Float traded in pre-market
• Faded into the close

Float

11.79 million shares

Volume

55.77 million shares

Previous close

$1.14

Open

$1.65 (up 44.7%)

High

$2.75 at 10:27 a.m.

Halts

1 (10:06 a.m.)

Close

$1.74

Pre-market: the float traded by 8:19 a.m.

The first trades on the 24th were at $1.23, already above the $1.14 close. That didn't hold. By 4:11 a.m. it was at $1.13, and for most of the next three and a half hours it sat between $1.13 and $1.20.

The news came at 7:30 a.m. PRNewsWire ran: “BTC Digital Ltd. Announces Georgia 10MW Cryptocurrency Computing Infrastructure Approaching Deployment Readiness”. The 7:30 minute traded 32,168 shares. The 7:32 minute traded 90,186.

From $1.14 at 7:30 a.m. it ran to $1.73 at 7:50 a.m., up 52%. It pulled back, then ran again: from a $1.60 low at 8:10 a.m. to the pre-market high, $1.82, first reached at 8:13 a.m. 17.38 million shares traded before the bell.

By 8:19 a.m., more shares had traded than exist in the whole float (11.79 million).

The book had walls too. At 8:16 a.m. an ask wall appeared at $1.77, peaking at 187,115 shares. It was pulled at 8:17. At 9:13 a.m. a bigger one showed up at $1.60, peaking at 325,751 shares (2.8% of the float). It was pulled at 9:22, not eaten.

The open, and the wall at $2.00

It opened at $1.65, up 45% from the previous close. After a push to $1.72 at 9:35, it slid to $1.46 at 9:42, the low since the open, then traded mostly between $1.50 and $1.67 until 10:00.

From 7:45 a.m. there was an ask wall at exactly $2.00, and it was still there at 10:04.

At 10:01 a.m., 67,780 shares printed at $1.64 in one trade. At 10:03, one buy order swept 370,830 shares from $1.68 to $1.77 across 10 price levels.

At 10:04 it cleared the pre-market high of $1.82. More buy sweeps went through, $1.78 to $1.81 and $1.81 to $1.85. The wall at $2.00 peaked at 163,706 shares at 10:04:57, about 1.4% of the float.

At 10:05:44 a buy sweep of 126,764 shares ran from $2.00 to $2.03. In under a second, 111,582 shares traded at exactly $2.00 and the wall was gone. It wasn't pulled. Buyers ate it. At 10:05 it traded through $2.00 for the first time.

The halt at 10:06

At 10:06:08 it was halted (a volatility pause) with the last trade at $2.16. Just before the halt a bid wall built at $2.16, first seen at 10:05:55. It peaked at 291,520 shares at 10:06:07, about 2.5% of the float.

It reopened at 10:11:08. The first print was a single trade of 295,873 shares at $2.16. The bid wall was crossed one second later. The 10:11 minute ran from $2.16 to $2.43, with a low of $2.04. That is up about 60% from around $1.52 at 9:52.

The top at $2.75

It chopped for a while. At 10:16 a buy sweep of 113,292 shares ran from $2.40 to $2.47. By 10:20 it was back to $2.15.

Then it ran again. At 10:25:56 a buy sweep went from $2.48 to $2.51. At 10:27 it hit $2.75, the high of the day. In the next minute it dipped to $2.43.

At 10:34 it tagged $2.75 again and did not go through. At 10:37, two sell sweeps (94,755 shares from $2.62 to $2.58, then 128,419 shares from $2.56 to $2.45) took it down. It was at $2.21 by 10:42.

The rest of the day

At 10:46 it pushed to $2.49, a lower high under the $2.75 top. After that it mostly traded between $2.20 and $2.42 until 11:33.

At 11:33 it broke down. At 11:35 a sell sweep of 198,226 shares ran from $2.01 to $1.85 across 17 levels. It had been $2.29 at 11:32. A 28,000-share print went through at $1.90 in the same second. It bounced back to $2.43 at 12:06 and drifted lower from there.

An amended F-1 registration statement was filed at 1:55 p.m. The 1:55 minute traded from $2.10 down to $2.00, and the 1:56 minute hit $1.82. It was $1.80 at 2:02 p.m. and kept fading, closing at $1.74.

In the regular session, 35.67 million shares traded, about 3 times the float. Another 17.38 million traded in pre-market. That is 53.04 million to the close.

After hours

After hours it ran from $1.61 at 4:21 p.m. to $2.26 by 5:54 p.m., up 40%. 2.73 million shares traded after the close.

What to take from it

• A big ask wall at a round number can fall in under a second. Here 111,582 shares traded at $2.00 in less than a second, and a halt came right after.
• The highs got lower. $2.75 at 10:27 a.m. was retested at 10:34 and not passed. The next push, at 10:46, stopped at $2.49.
• Most of the move was gone by the close. It closed at $1.74, 37% below the $2.75 high.