Bitcoin gained $4,198 today, rising from $73,683 to $77,881, a 5.7% advance.Not noise. ETF inflows hit $606 million, the largest single day since May and 2.43 standard deviations above the 30-day average of $73.8 million per day. Combined with $1.2 billion in short liquidations and a 24% weekly gain that is Bitcoin's strongest since 2023, near-term risk has risen materially: RSI at 84 is in the top decile and price is near the top of the 30-day range.
Spot Bitcoin ETF inflows reached $606 million on Thursday, the largest single day since May, with BlackRock capturing 83% of the total and August's running total reaching a 2026 high of $2.07 billion.
Short liquidations totaled roughly $1.21 billion in a single day, with the two-day cumulative total surpassing $4 billion and Thursday's figure setting a record dating back to 2021.
RSI-14 stands at 84.21, firmly in overbought territory, and price is trading at the top 3% of its 30-day range, flagging near-term extension risk ahead of the August options expiry in 6 days.
Ray Dalio publicly recommended overweighting Bitcoin and gold over bonds amid a potential debt crisis, the most prominent mainstream macro endorsement of Bitcoin as a portfolio asset in this cycle.
Network fees remain at 1 to 2 sat/vB and hashrate stands at 908.5 EH/s, indicating the Bitcoin network is absorbing the price surge with no congestion or miner stress.
Market Snapshot
Market Cap
$1.56T
24h Volume
$69.96B
Dominance
58.8%
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