Good morning, traders! ☕ Bitcoin got rejected right at $80,000 and pulled back to around $78,000 following Fed Chair Kevin Warsh's highly anticipated debut Jackson Hole speech yesterday. This kind of "sell the news" reaction isn't unusual after weeks of buildup toward a single event — but the bigger picture remains genuinely constructive.
Bankless host Ryan Sean Adams and venture capitalist Haseeb Qureshi both argued on a recent podcast that this rally likely has more room to run, pointing to exhausted sellers and continued Treasury actions aimed at lowering long-term yields — reviving what they called the "debasement trade." Qureshi specifically flagged Bitcoin's late-June low near $58,000 as the likely cycle bottom.
The underlying data backs up that optimism: spot Bitcoin ETFs have now posted eight consecutive days of inflows totaling $2.8 billion, the longest streak since April, making August the strongest month of 2026 with one trading day left. The Fear & Greed Index has also jumped from 24 to 70 over the past month — a genuinely dramatic shift from Fear to Greed. 🧠
$BTC #Bitcoin #BTC2026 #JacksonHole #CryptoETF #CryptoNews
Bankless host Ryan Sean Adams and venture capitalist Haseeb Qureshi both argued on a recent podcast that this rally likely has more room to run, pointing to exhausted sellers and continued Treasury actions aimed at lowering long-term yields — reviving what they called the "debasement trade." Qureshi specifically flagged Bitcoin's late-June low near $58,000 as the likely cycle bottom.
The underlying data backs up that optimism: spot Bitcoin ETFs have now posted eight consecutive days of inflows totaling $2.8 billion, the longest streak since April, making August the strongest month of 2026 with one trading day left. The Fear & Greed Index has also jumped from 24 to 70 over the past month — a genuinely dramatic shift from Fear to Greed. 🧠
$BTC #Bitcoin #BTC2026 #JacksonHole #CryptoETF #CryptoNews
