Daily Crypto Report | August 5 Bitcoin, after a recovery brought by the new week, lost momentum again in the short-term resistance zone. 👇 Key headlines: • Spot crypto ETFs recorded a net inflow of $263.87 million on August 4. Thus, institutional demand stayed positive for two days in a row. • On Polymarket, the chance that the Fed’s September meeting will keep rates unchanged is being priced at 52%, with a 25-basis-point hike priced at 47%. The market is still split between the two scenarios. • A controlled decline in the JOLTS data suggested the labor market is cooling, but it did not completely eliminate the possibility of a rate increase. • Today, ADP employment, services PMI data, and oil inventories are being watched. Strong services activity and high price pressure could support the Fed’s tight monetary policy. • For $BTC, while short-term momentum is weakening, ETF inflows limit the downside risk. Overall outlook: Institutional demand is positive, macro view is mixed. The market continues to search for direction.