Comparing news, CryptoQuant analyst Darkfost said that Bitcoin ETF had a net inflow of 14,700 BTC this week, the second-largest single weekly inflow since October 2025. Since August, there has been a cumulative net inflow of about 21,958 BTC, and signs driving a recovery in demand are beginning to show.
Comparatively, after the US Treasury expanded the scale of long-term US bond repurchases, the yield on 30-year US bonds fell from a 19-year high of 5.34% to about 5.19%, while Bitcoin rose by about 25% within a few days, breaking through $79,000 at one point. Approximately $4 billion of short cryptocurrency positions were liquidated during this period, further amplifying the gains. The US Treasury Department previously announced that it would increase the scale of the longest term treasury bond repurchase operation from a single $2 billion to $4 billion. Analysts pointed out that this operation is not equivalent to the Federal Reserve's quantitative easing (QE). The main effect is to improve the liquidity of old securities and optimize the debt structure, but the market sees it as a signal of policy support for long-term US bond yields. Analysts believe that the key to Bitcoin's surge is not the buyback itself, but rather that the market's previous short positions were too concentrated. After the long-term decline in US bond yields, bears were forced to close their positions, creating a strong shorting market. Meanwhile, the net inflow of US spot Bitcoin ETFs was around $6.5 billion this week, and Trump once again urged Congress to move forward with the CLARITY Act to further strengthen market risk appetite. CoinEx chief analyst Jeff Ko said that the key right now is whether Bitcoin can hold the 200-day EMA of around $69,000 and turn it from resistance to support. Market participants also warned that if the 10-year US Treasury yield rises above 4.7% and the 30-year yield approaches 5.3%, Bitcoin's current breakthrough may face a new test. Bitcoin has now broken through the 200-day EMA and continues to rise. In the next phase, the market will focus on whether it can maintain its gains in a high-yield environment.
Comparing news, Bitcoin has continued to rise recently. This round of rise was driven by multiple factors such as the return of institutional capital, improvements in the macro environment, warming US regulatory expectations, and large-scale short liquidations. In terms of capital inflows, US spot Bitcoin ETFs have recently re-attracted institutional capital. On August 19 and 20, US spot BTC ETFs recorded net inflows of approximately $517 million and $606 million, respectively, according to the data. The ETF bought around 7,500 BTC in a single day, the highest level since April, according to CoinShares research director Julio Moreno. The market believes that the US Treasury's expansion of the long-term treasury bond repurchase program weakens the performance of the US dollar, pushes currency depreciation transactions to heat up, and further flows of capital to Bitcoin and gold. Meanwhile, the Trump administration's push for legislation on the structure of the crypto market has also lessened investors' concerns about regulatory uncertainty. Furthermore, the US Congress is advancing the construction of crypto regulatory frameworks such as the Clarity Act to clarify the responsibilities of the US Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in digital asset regulation. Analysts believe that Bitcoin currently has a high level of regulatory certainty, and the relevant legislation's direct impact on BTC is limited, but it can help reduce the regulatory risk premium for the entire crypto market. The rise in the market also triggered large-scale short positions to be closed. The data shows that over the past two to three days, the crypto market has liquidated more than $40 billion, of which around $2.7 billion was liquidated in a single day, then another $1.2 billion was liquidated. Analysts say that this round of shortfall has become one of the biggest shortfall recovery events in the crypto market recently. Market participants believe that if institutional capital continues to flow in and the regulatory environment is further improved, Bitcoin's upward trend in the medium term may continue.
Comparatively speaking, Michael Selig, chairman of the US Commodity Futures Trading Commission (CFTC), said that if the Clarity Act continues to stagnate due to Democratic obstruction, the CFTC will use its existing authority to begin establishing a crypto asset market supervision system and require staff to quickly advance formal rule proposals. Selig has asked staff to look into incorporating the digital asset market structure into CFTC rules, and existing CFTC registrars and currently unregistered crypto exchanges may be included in the scope of regulation. Rules tailored to digital assets may allow leveraged and margin trading. The net inflow of Bitcoin ETF was $606 million, a single-day high since May 1; the net inflow of the Ethereum ETF was $219 million, a new high since September 2025. Over the past 24 hours, the amount of short liquidations in the crypto market has surpassed $1.2 billion, and is close to $5 billion in the past two days.
Comparative news, according to data disclosed by intangiblecoins, the net inflow of Bitcoin spot ETFs reached 1.6 billion US dollars this week, and the week is not over yet, making it the largest weekly net inflow since the week of October 2025, which reached a record high. Related statistics also show that the average cost base for Bitcoin ETF holders is around $84,156. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
According to Lookonchain's monitoring, today's US Bitcoin ETF had a net inflow of 8879 BTC worth US$684 million in a single day; a net inflow of 22,000 BTC on the 7th, worth US$1.7 billion. The Ethereum ETF had a net inflow of 8.67 million ETH in a single day, worth $207 million; a net inflow of 21.93 million ETH on the 7th, worth $524 million.
Comparing news, Geoff Kendrick, global head of digital asset research at Standard Chartered Bank, said that the forecast for Bitcoin to reach $100,000 by the end of the year may be too conservative, and the market is likely to challenge the historic high of $126,000 again before the end of the year. Geoff Kendrick said on Friday that the recent rise in Bitcoin was mainly driven by short liquidations, while cash inflows into spot Bitcoin ETFs have also begun to recover. Due to the low size of open positions in the current market, more investors may re-enter the market as prices rise, providing further impetus to the market. “For the first time this year, there was a risk that my year-end $100,000 forecast might be underestimated.” Kendrick said. Geoff Kendrick believes that Bitcoin's rebound momentum may accelerate further after October 6. Meanwhile, many market participants also believe that the bear market may be nearing its end. Swan Bitcoin CEO Cory Klippsten (Cory Klippsten) previously stated that Bitcoin may bottom out in October; 10x Research founder Markus Thielen (Markus Thielen) believes that if August closes at $63,000, it may confirm the formation of a bear market bottom. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
Comparing news, Bitcoin rose to its highest level since May before the US market on Friday. After hitting $79,400 in the intraday period, it hovered around $78,000, just one step away from the $80,000 key resistance level. The US spot Bitcoin ETF recorded a net inflow of $606 million on Thursday, the highest level since May 1, and market risk appetite was boosted. James Butterfill, head of research at CoinShares, said that this round of growth is mainly driven by macro factors, not the crypto market's own factors, and Bitcoin is still highly sensitive to changes in liquidity expectations and actual yield. Earlier, US inflation data fell short of expectations and employment data weakened. In addition, the US Treasury announced measures to reduce long-term treasury yields, driving up risk assets. Butterfill pointed out that $80,000 is currently an important dividing line for Bitcoin. To achieve an effective breakthrough, the market needs to further confirm that the Federal Reserve's monetary policy is shifting towards easing. Relevant signals may be released at the Jackson Hole meeting next week. However, he also warned that if inflation continues to be high or the dollar weakens, the Federal Reserve may be forced to adopt a more cautious policy. Furthermore, the scale of increase in holdings of large holders is still limited, and the market still lacks strong confidence to support continued breakthroughs. Subsequent US spot Bitcoin ETF capital flows and macro-data performance will be key indicators for judging market continuity. (CoinDesk) This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
Comparative news, according to The Block, analysts at Bernstein believe that Bitcoin's rebound over the past two days may mark a shift in market momentum, behind which is an improvement in the liquidity environment, a recovery in ETF demand, and friendly regulation. Bitcoin hit $79,500 on Friday and then fell back to about $78,000. Analysts linked this round of rebound to the US Treasury's announcement to increase repurchases of long-term treasury bonds, believing that liquidity expansion has always been beneficial to Bitcoin. Furthermore, Ethereum outperformed Bitcoin in this round of rebound, which analysts attributed to ETH's higher exposure to stablecoins, tokenization, and real assets. Spot Bitcoin ETF capital flows have changed from net outflows in May and June to net inflows of $1.6 billion this week, and the management scale has risen to over $85 billion; Strategy holdings have changed to surplus of over $2 billion, and cash reserves can cover 2.8-year dividend expenses. Bernstein also mentioned that regardless of whether the much-publicized “CLARITY Act” (which will be subject to a procedural vote on September 15) is passed, the SEC and CFTC are expected to speed up the legislative process in areas such as native token issuance, equity tokenization, perpetual contracts, computing power derivatives, and predictive markets. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
According to Onchain Lens monitoring, Morgan Stanley's MSBT Bitcoin ETF address (bc1q2gzj... tqfpef) extracted 146.15 bitcoins worth about $11 million from Coinbase Prime.