Bitcoin News
By James Thorp
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ETF Outflows and Defensive Options Positioning. The real story is the institutional money moving out. U.S.
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Long-Term Holders Trim While Large Wallets Accumulate. Here's where the market gets murky. Long-term holder supply has dropped for the first time in 2026…
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Bitcoin can't catch a break. Even with macro data pointing toward easier monetary policy, the price dropped 0.89% over the past 24 hours to $62,852.
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The backdrop looks decent on paper. July's Consumer Price Index came in soft enough to drag September rate-hike odds down to 32-35%, off from 41% just days earlier.
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The real story is the institutional money moving out. U.S. spot Bitcoin ETFs logged a second straight day of net outflows on August 13 — $131.
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Options markets aren't sending a better signal. Implied volatility is clustering around $60,000, which means traders are hedging against downside, not positioning for a rally.
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Technically, Bitcoin's stuck. The Relative Strength Index sits at 47 — below the neutral 50 mark, not yet oversold.
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Support holds near $62,250. A clean break below that probably opens the door to $61,000 and then $60,000.
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Read also: Nasdaq Pushes to Cut Red Tape Around Crypto ETF Options Launches
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For spot BTC holders, the environment is rough. Even if Bitcoin bounces off $62,250 support, a clean run back to previous highs seems unlikely.
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A bear scenario looks like a break below $62,250, possibly driven by large custodial transfers adding supply pressure to an already fragile order book.
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One project moving in a different direction is LiquidChain, which is running a presale priced at $0.0149 per token and has raised over $939,000 so far.
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The broader picture is a market that's kind of frozen. Macro data says one thing. Institutional flows say another. Technical signals say sell.
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Fidelity's ETF outflows stand out specifically because Fidelity has been one of the more consistent institutional players in the Bitcoin ETF space.
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More context: Bitcoin Stuck Below $68,700 as 1.79 Million BTC Traps Short-Term Buyers
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