$BTC $730.9 million in, and bitcoin still lost $80,000
$730.9 million went into US spot bitcoin ETFs on Thursday, the biggest single day since January. By the time the August jobs number landed, bitcoin was back under $80,000.
The rest of the reported picture: net assets across those funds crossed $103 billion for the first time, with BlackRock's IBIT holding well over half of it. Bitcoin had reclaimed $80,000 before the jobs print came in stronger than expected.
Worth separating figures from interpretation. The $730.9 million, the $103 billion and the IBIT share are reported numbers. CryptoQuant's read — weak fresh demand, with $83,000 as the level it is watching — is one firm's analysis, and I don't have its method to check.
What this doesn't tell me: how much of that $103 billion is new money rather than price gains on money already in the funds, or whether Thursday repeats. For scale, these same funds had just posted their worst outflow since July, then a $101.15 million rebound.
Not financial advice, and no call on direction from me. Check the sources and decide for yourself.
A brief technical check, nothing more. I want to confirm that the small tool I use to prepare my notes can actually reach Binance Square through the official posting interface, and that what lands here is unchanged from what I reviewed.
Nothing in this post is a view on any asset. There is no price, no ticker, no link and nothing to act on. Proper notes will follow once this plumbing is confirmed, and each will state what it draws on. Not financial advice — do your own research.
Sources: - No external source — this post is a connectivity check only.