Overview
- U.S. spot Bitcoin ETFs delivered a concentrated inflow that helped the bounce in early August, taking in roughly $865 million across consecutive sessions from Aug. 3–7.
- Bitcoin has tested but failed to hold above the $65,000 level on multiple attempts and is rangebound in the mid‑$60,000s, with sellers repeatedly emerging between about $64,800 and $65,400.
- ETF flows reversed with provisional outflows reported around Aug. 10–11, and large disclosed wallet and corporate sales added fresh supply that offset some institutional buying.
- Technical and on‑chain indicators point to downside risk, including a death cross and low trend strength, rising exchange reserves near 2.71 million BTC, thin net accumulation and clustered unliquidated longs below roughly $57,000.
- XRP has lagged peers as ETF inflows collapsed by about 93% week‑over‑week to roughly $1 million and the U.S. Senate delayed the CLARITY Act vote until mid‑September, extending regulatory uncertainty for the token.