Bitcoin moved from $78,202 to $77,928, a decline of $274 or roughly 0.35% over 24 hours, consolidating near the top of its 30-day range.Mixed, not noise. ETF outflows of $201.9 million broke a nine-day inflow streak, a concrete flow reversal, while Saylor's public re-entry signal introduced an offsetting demand catalyst. The two signals partially cancel, leaving near-term positioning genuinely uncertain rather than clearly directional.
Spot Bitcoin ETF flows turned negative by $201.9 million on August 28, ending the longest inflow streak in recent weeks and registering 1.42 standard deviations below the 30-day average daily flow of $109.3 million.
Michael Saylor posted 'We're Back,' signaling Strategy may resume Bitcoin purchases after a two-month pause; the company's 840,447 BTC position sits approximately $2.8 billion above cost basis at current prices.
Bitcoin dominance held near 59.7%, a multi-year high range, as Ethereum fell 1.30% and Solana fell 3.03% on the day, reinforcing Bitcoin's relative strength within the crypto asset class.
Fees remain compressed at 3 sat/vB for fast confirmation, reflecting low mempool congestion and a network processing transactions efficiently at 914 EH/s of hashrate.
Bitcoin's 90-day correlation with the S&P 500 sits at 0.28, below the 0.3 threshold that historically marks a decoupling phase, while correlation with gold is 0.54, suggesting Bitcoin is trading closer to the monetary-goods regime than the risk-asset regime.
Market Snapshot
Market Cap
$1.56T
24h Volume
$19.89B
Dominance
59.7%
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