1 month ago
10
Key Takeaways
- Exchange Netflow fell from +3,507 BTC on August 14 to +683 BTC on August 15; incomplete August 16 data was near +682 BTC.
- Funding dropped nearly 80%, but Open Interest fell less than 1%.
- Exchange reserves have moved above their 200-day trend.
- U.S. spot Bitcoin ETFs recorded $248.4 million of three-day outflows.
- Immediate pressure has eased without confirming stronger demand.
Netflow and Funding Cool, but Leverage Remains
Bitcoin was trading near $63,000 on August 16, approximately 3% lower over seven days. The latest exchange and derivatives readings improved much faster than price.
Exchange Netflow fell from +3,507 BTC on August 14 to approximately +683 BTC on August 15, a decline of about 81%. The August 16 reading stood near +682 BTC at the time of writing, although CryptoQuant marked it a...
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