Overview
- U.S. spot Bitcoin ETFs recorded a $61.53 million net outflow that ended a recent inflow streak, a flow shift that traders and arbitrage desks have absorbed into spot liquidity and pricing.
- Strategy disclosed in an Aug. 3 SEC filing that it sold 1,638 BTC for $104.73 million to fund dividends and share repurchases, adding a known source of near‑term supply.
- Researchers mapped a fourth suspected Coldcard sweep that moved roughly 449 BTC, bringing researcher estimates of total coins removed by the firmware‑related transfers to about 1,815 BTC and prompting widespread wallet migrations.
- On‑chain and exchange data show concentrated supply and accumulation around $63,000, with Glassnode flagging roughly 515,000 BTC clustered at that level, making $63k the immediate battleground for buyers and sellers.
- Institutional rotation is visible: spot Ethereum ETFs took in about $27.4 million for the week and smaller altcoin ETFs also saw inflows, while analyst estimates put miner distributions near 1,774 BTC, leaving the next directional move reliant on ETF demand, completed Coldcard migrations, and whether corporate and miner selling eases.