Bitcoin moved from $78,626 to $78,706, a gain of $80 or roughly 0.07% on the day.A quiet day. Price drifted inside its 30-day range high and no new institutional catalyst cleared the bar for structural significance. The 13.5% weekly gain is already priced in, and the market is range-bound while digesting that move ahead of Friday's options expiry and PCE data.
Bitcoin held flat at $78,706, consolidating near the top of its 30-day range after a 13.5% weekly advance, with RSI at 79 flagging extended momentum.
August ETF inflows climbed above $3 billion, sustaining institutional demand through the consolidation phase at a rate above the 30-day average of $110.8 million per day.
Strategy reduced net leverage to near zero, with cash nearly matching its convertible debt and nearly four years of preferred-dividend coverage, reducing capital-markets refinancing risk.
A $6.4 billion Bitcoin options expiry on Friday, following Bitcoin's surge from $62,000 to $80,000, leaves market makers with increased exposure to manage around several key strike prices.
Hashrate held at 878 EH/s with fees at 1 to 2 sat/vB, indicating a healthy and uncongested network supporting the price advance with strong underlying infrastructure.
Market Snapshot
Market Cap
$1.58T
24h Volume
$28.18B
Dominance
59.1%
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