$BTC As of 9:00 PM on August 27, the Bitcoin spot price is holding around $79,417. Over the past 24 hours it has risen modestly by 1.24%, with an intraday trading range between $78,400 and $80,500.
On August 26, U.S. spot Bitcoin ETFs saw a net inflow of $232 million in a single day, down 26% from the previous day and the lowest daily inflow since August 18. However, they have maintained net inflows for eight straight trading days, bringing the cumulative total to $2.8 billion.
BlackRock’s IBIT contributed a net inflow of $200.8 million that day, accounting for more than 80% of total inflows. Only Grayscale’s GBTC recorded a net outflow—$50.4 million.
Over the past 24 hours, the total amount liquidated across the entire crypto market was $257 million, including $123 million in long liquidations and $134 million in short liquidations. The liquidation volumes on both sides are basically equal.
You can see it, right—the kind of one-sided rally driven by concentrated short liquidations earlier has already stopped. The market is now entering a consolidation phase characterized by rotation.
From $79,000 to $80,000 is exactly the high-activity trading zone from the first half of this year. Previously trapped positions and currently profitable positions are both moving in and out around this level.
At the daily-chart level, relative strength indicators have climbed above 80, which is clearly an overbought condition. But instead of dropping, the price is just digesting the gains sideways.
So, after saying all that, my conclusion is: $BTC is likely to surge significantly before long, and there’s a high probability of setting new highs.
Do you agree with my assessment?
On August 26, U.S. spot Bitcoin ETFs saw a net inflow of $232 million in a single day, down 26% from the previous day and the lowest daily inflow since August 18. However, they have maintained net inflows for eight straight trading days, bringing the cumulative total to $2.8 billion.
BlackRock’s IBIT contributed a net inflow of $200.8 million that day, accounting for more than 80% of total inflows. Only Grayscale’s GBTC recorded a net outflow—$50.4 million.
Over the past 24 hours, the total amount liquidated across the entire crypto market was $257 million, including $123 million in long liquidations and $134 million in short liquidations. The liquidation volumes on both sides are basically equal.
You can see it, right—the kind of one-sided rally driven by concentrated short liquidations earlier has already stopped. The market is now entering a consolidation phase characterized by rotation.
From $79,000 to $80,000 is exactly the high-activity trading zone from the first half of this year. Previously trapped positions and currently profitable positions are both moving in and out around this level.
At the daily-chart level, relative strength indicators have climbed above 80, which is clearly an overbought condition. But instead of dropping, the price is just digesting the gains sideways.
So, after saying all that, my conclusion is: $BTC is likely to surge significantly before long, and there’s a high probability of setting new highs.
Do you agree with my assessment?