Overview
- U.S. spot Bitcoin ETFs recorded roughly $751 million in net outflows for August, the first sizable monthly pullback since launch, while Ethereum products drew about $3.9–$3.96 billion in inflows, per SoSoValue and CoinShares.
- Bitcoin trades around $107,000–$109,000 after a ~6% August decline from mid‑month highs near $124,000, with technicians warning of potential tests of $100,000 and a possible cyclical floor around $93,000–$95,000.
- CoinGlass reported about $196 million in Bitcoin long liquidations over 24 hours and roughly $275 million across crypto as the market probed support near $107,000.
- On‑chain and flow data show divergent positioning: analysts cite a positive Coinbase premium and Delta Cap near an implied $108,900 for Bitcoin, while Ethereum saw large accumulation including a reported ~820,224 ETH (~$3.6 billion) purchase.
- Traders are watching ETF flows and the Federal Reserve’s September 17 decision for the next catalyst, with several desks framing $108,000 as a key battleground for Bitcoin’s trend.