Daily Market
BTC surges, then pulls back, while the ETF attracts strong inflows at the same time—bringing the market into a digestion phase at elevated levels.
Overall, the market is in a high-range consolidation after a run of positive catalysts. Meanwhile, liquidation risk from high leverage in derivatives poses a short-term volatility risk.
After BTC broke above $79,000, it fell back to around $77,000. A short squeeze triggered by the U.S. Treasury’s doubled buybacks of long-dated bonds has temporarily eased. At the same time, as of the week of August 22, U.S. spot BTC ETFs recorded cumulative net inflows of $1.92 billion, the largest weekly addition in ten months, indicating that institutions’ long-term allocation demand remains firm.
With infrastructure gradually improving, stablecoins—led by USDC—are accelerating into becoming the underlying settlement network for micro- and high-frequency payments between AI agents. According to CoinDesk’s latest report, 99% of machine-to-machine autonomous payments choose stablecoin settlement, further expanding stablecoins into non-human payment scenarios beyond traditional finance.
Next to watch: whether BTC can hold the $77,000 support level, and the subsequent movement in U.S. Treasury yields. Do you think BTC can break above the $80,000 threshold soon?
BTC surges, then pulls back, while the ETF attracts strong inflows at the same time—bringing the market into a digestion phase at elevated levels.
Overall, the market is in a high-range consolidation after a run of positive catalysts. Meanwhile, liquidation risk from high leverage in derivatives poses a short-term volatility risk.
After BTC broke above $79,000, it fell back to around $77,000. A short squeeze triggered by the U.S. Treasury’s doubled buybacks of long-dated bonds has temporarily eased. At the same time, as of the week of August 22, U.S. spot BTC ETFs recorded cumulative net inflows of $1.92 billion, the largest weekly addition in ten months, indicating that institutions’ long-term allocation demand remains firm.
With infrastructure gradually improving, stablecoins—led by USDC—are accelerating into becoming the underlying settlement network for micro- and high-frequency payments between AI agents. According to CoinDesk’s latest report, 99% of machine-to-machine autonomous payments choose stablecoin settlement, further expanding stablecoins into non-human payment scenarios beyond traditional finance.
Next to watch: whether BTC can hold the $77,000 support level, and the subsequent movement in U.S. Treasury yields. Do you think BTC can break above the $80,000 threshold soon?