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Bitcoin funds posted gains over both periods, while Ethereum ETFs paired a daily outflow with a positive seven-day total.
The key question is what would be needed to clear the resistance, not simply whether BTC is holding up.
The softer-than-expected reading adds to evidence of easing inflation, a key input for Federal Reserve policy and risk-asset markets.
Core PCE, the Fed’s preferred gauge, also undershot expectations, adding to the case for easing price pressures.
The offer cannot affect August PCE data, and deliveries would not begin until November. Any Bitcoin impact would depend on how oil expectations feed into inflation and rate outlooks.
Past midterm-year patterns offer a possible timing guide, but the direction of yields, the dollar and inflation will matter more than seasonality alone.
The dollar’s rally may be limiting BTC’s upside, but a 90-day correlation of -0.41 suggests it explains only a small share of Bitcoin’s daily moves.
The inflation release and other macro readings could clarify whether recent rate relief reflects a durable shift in the outlook.
The revised plan improves fully diluted bitcoin per share by about 8.8%, but directors' letter leaves investor questions about 64 million exercised shares and MMXX Ventures unanswered.
The pullback comes as traders await August PCE inflation data, with rising yields and oil prices keeping pressure on rate-sensitive markets.
Fading spot demand and heavier profit-taking leave the rally more exposed to leveraged long liquidations, with $80,000 the first major support level to watch.
The listings bring sterling- and euro-hedged bitcoin exposure to major European exchanges, with HSBC providing the currency hedges.
Bitcoin and Ether traded lower even as the Fear & Greed Index remained in Greed territory, leaving sentiment upbeat while prices softened.
Long-term indicators remain bullish, but weak momentum, slowing ETF buying and high Treasury yields leave the monthly close short of confirming a recovery.
A sustained break could expose the high $70,000s, while rising Treasury yields, spot ETF outflows and upcoming inflation data shape the next move.
The purchases bring Strive's reported Bitcoin holdings to 27,462 BTC, putting the company among the largest public corporate holders.
The split highlights diverging daily fund flows: Bitcoin products gained ground, while Ether ETFs recorded a small net withdrawal despite inflows to Grayscale's Mini Trust.
Spot demand has contracted by about 170,000 BTC in 30 days, while speculative futures demand fell 90% in 15 days, raising the bar for further gains.
The Bitmine chairman’s call puts a prominent market strategist on record with a bullish view, but offers no specific price target or timing.
Cooling spot and futures demand adds to the risk, though CryptoQuant says support near $80,000, $71,000 and $67,000 could keep a pullback within the young bull market.
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