Bitcoin Still De Institutional Anchor Amid Ether ETF Rotation
Bitcoin still be di main institutional crypto aset even as investors dem turn to Ether ETFs late August. U.S. spot Bitcoin ETFs get record net inflows of $2.2B for two days and $3.4B for July. But for August, BTC ETFs get net outflows and about $4B inflows dey go Ether ETFs. Recent SEC approval for in-kind creations and redemptions don reduce cost and improve how fund dey work. On-chain signals from Glassnode show Bitcoin dey trade near support bands of $107k–$113k with neutral spot demand and small bearish perpetuals. Miner profit reach post-halving highs for July, wey support reduced supply issuance. Policy clarity around spot ETFs and operational improvements don deepen liquidity, compress spreads, and make Bitcoin solid as macro hedge. Traders suppose watch Bitcoin ETF flows, on-chain thresholds, and miner sell pressure to sabi near-term momentum.
Bullish
Bitcoin stand gid amid August rotation go Ether ETFs show sey institutions still dey interested. Record money wey enter spot BTC ETFs for July plus SEC approval for in-kind creations/redemptions dey make fund work better and cost less—important for big investors. History show sey ETF flows dey drive medium-term price move, like wetin happen for previous post-halving rallies. On-chain data wey show support around $107k–$113k fit mean say price dey build range before e fit break out. High miner profit still dey reduce selling pressure, so supply no plenty. Even though Ether ETF rotation fit cause short-term wahala, Bitcoin get better liquidity plus macro–digital reserve story wey fit bring new money. Traders suppose dey watch ETF net flows and on-chain moves as clues. Overall, these things show say market dey bullish, with small consolidation before Bitcoin fit continue upward trend.