Bitcoin, Ether Etf Flows Hint at Incoming Altcoin Bull Run: Crypto Daybook Americas

As August Draws to A Close, Two Observations Stand Out. FIRST, The MONTH’S TYPICAL SURGE IN VALATITY IN BOTH TRADITIONAL AND CRYPTOCURRONCY MARKETS HAS NOT MATERIALIZED.

That’s Probable Driven by Market Expectations of ForthoComing Fed Interest-Rate Cuts Combined with Record Fiscal Spelling-Ossentally An Amplified “Goldilocks” Scenario. Yet, It Raises The Question: How Much Stimulus is Too Much?

Second, Institutional Flows Reveal A Divergence Between Bitcoin BTC$ 112.912.90 and Eth (ETH). The US Ether Etfs have registered A Net Investment of $ 3.69 Billion this Month, Extending the Four-Month Inflows Streak. Bitcoin Etfs, in Contrast, Have Seen An Outflow of Over $ 800 Million, The Second-Highest on Record. The Differentnce Is A Sign of Investor Rotation Into Ether from Its Larger Rival and Possibly a Bull Run in Altcoins Ahead.

That brings US to the Key Trend to Watch Out for in the Coming Month: The Boom in Altcoin Treasury Companies.

“The Rise of Altcoin Treasuries Can Be the Decisive Spark that Ignites of the Final Phase of the Current Market Cycle and Ushers in Another Wave of the Alseason,” SAID RAYSSEF, A CRYPTO. Crypto App Noones.

Big Names Like Bitmin, Sharplink, Galaxy Capital, Pantera and Even Corporations Like Trump Media Have Begun Focating on Blue-Cchip Altcoins Like Eth, Sol, Bnb, And Crose, and Croseer Yossef Said in an Email.

“Billions of Dollars Are Being Allocated and Reallocated Into Threasuries, and that Institutional Vote of Confidentnce Is Boosting the Perception of Altcoins, Signaling that Institutal Cap. Exclusively for Btc, “He Said.

In his Latest Article, Arthur Hayes, Cio and Co-Funder of Maelstrom Fund, Predicted that ENA, Ethfi, and Hype Will Rally 51X, 34x, and 126x, Respectively, BY 2028.

Over The Next 24 Hours, BTC Traders Should Keep An Eye on $ 113.600, As this Level May Experience An Increase in Selling Pressure from Short-Term Traders Whoa Reach Their Breakeven. The Market Focus Sems to be on Smaller Altcoins. The Coindesk 80 Index Was Recently Up Over 4% On A 24-Hour Basis While the Coindesk 20 Index Added Just 0.82%.

In Key News, Bybit AnnounCed The Addition of Volmex’s Bitcoin and Ether Implied Valativity Indices To Its Advanced Earn Page, A Hub For High-Yeld Structure. The Move Underscores The Growing Demand for Valativity Trading.

In Traditional Markets, Bond Yield Curves Continue to Steepen Across The Advanced World, with Longer-Duration Yields Rising to Multi-Month/Decade Highs. Stay Alert!

What to Watch

• Crypto
  • Aug. 28: Router Protocol (Route) Will Debut the on-Chain Swaps Upgrade on Its Mainnet.
  • Aug. 29, 2 PM: The Stellar Development Foundation Will Host A Liestream on X to Discusses How Near InTience Will Enable New Defi Use Cases on the Stellar Blockchain.
  • Sept. 4: Polygon Will Switch ITS MAINNET TOKEN from MATIC TO pol. Holders of Matic on Ethereum, Polygon Zkevm or Centralized Exchanges May Need to Take Action.
• Macro
  • Aug. 28, 8 AM: Mexico’s National Institute of Statistics and Geography Releases July Unemployment Rate Data.
    • UNEMPLYMENT RATE EST. 2.9% Vs. Prev. 2.7%
  • Aug. 28, 8:30 AM: The US Bureau of Economic Analysis (Bea) Releases (2nd Estimate) Q2 GDP DATA.
    • Core Pce Prices QOQ ST. 2.6% Vs. Prev. 3.5%
    • GDP Growth Rate QOQ EST. 3.1% Vs. Prev. -0.5%
    • GDP Price Index QOQ EST. 2% vs. Prev. 3.8%
    • GDP Sales QOQest. 6.3% Vs. Prev. -3.1%
    • PCE PRICES QOQ EST. 2.1% Vs. Prev. 3.7%
    • Real Consumer Spending QOQ EST. 1.4% Vs. Prev. 0.5%
  • Aug. 28, 1:30 PM: Uruguay’s National Statistics Institute Releases July Unemployment Rate Data.
    • Unemployment Rate Prev. 7.3%
  • Aug. 28, 6:00 PM: Fed Governor Chrisopher J. Waller Will Speak on “Payments” at the Economic Club of Miami Dinner, Miami, FLA. Watch Live.
  • Aug. 29, 8:30 AM: Statistics Canada Releases Q2 GDP DATA.
    • GDP Growth Rate Annualized Est. -0.6% Vs. Prev. 2.2%
    • GDP Growth Rate QOQ PREV. 0.5%
  • Aug. 29, 8:30 AM: The US Bureau of Economic Analysis (Bea) Releases July Consumer Income and Expenditure Data.
    • Core Pce Price Index Mom Est. 0.3% Vs. Prev. 0.3%
    • Core Pce Price Index Yoy Est. 2.9% Vs. Prev. 2.8%
    • PCE PRICE INDEX MOM EST. 0.2% Vs. Prev. 0.3%
    • PCE PRICE INDEX YOY EST. 2.6% Vs. Prev. 2.6%
    • Personal Income Mom Est. 0.4% Vs. Prev. 0.3%
    • Personal Spending Mom Est. 0.5% Vs. Prev. 0.3%
  • Aug. 29, 11 AM: Colombia’s National Administrative Department of Statistics (Dane) Release July Unemployment Rate Data.
    • UNEMPLYMENT RATE EST. 8.9% Vs. Prev. 8.6%
• Earnings (Estimates Based On Factor Data)
  • Aug. 28: Iren (Iren), Post-Market, $ 0.18

TKEN EVENTS

• Governance Votes & Calls
  • Aug. 28: Pointpay Pxp$ 0.02521 to host ask me anything with ceo vladimir kardaPoltsev on YouTube.
  • Aug. 28: Alchemy Pay ACH$ 0.02065 To Host Community Ask Me Anything at 8 Am
  • Aug. 28: Kaia (Kaia) to Host Community Town Hall On The USDT Campaign, Hackathon, and Web3 Adoption at 9 AM
  • Aug. 28: The Sandbox Sand$ 0.2834 to host Town Hall to “Dive Into Everything Audio,” AT 11 AM
  • Aug. 28: Moonwell Well$ 0.02876 to host governance call at 1 pm
• Unlocks
  • Aug. 28: Jupiter Jup$ 0.5184 To Unlock 1.78% of It Circulating Supple Worth $ 26.36 Million.
  • Sep. 1: sui Sui$ 3.4890 To Release 1.25% of It Circulating Supple Worth $ 153.1 Million.
  • Sep. 2: Ethena Ena$ 0.6438 to release 0.64% of it Circulating Supple Worth $ 25.64 Million.
  • Sep. 5: Immutable (IMX) to Unlock 1.27% of It Circulating Supple Worth $ 13.26 Million.
• TKEN LAUNCHES
  • Aug. 28: Mantle (Mnt) to List on Bitfinex.
  • Aug. 28: Nobody Sausage (Nobody) to List on Binance.us.
  • Aug. 28: Virtuals Protocol (Virtual) to List on Bistamp.

ConferencesThe Coindesk Policy & Regulation Conference (Formerly Known as State of Crypto) is a One-Day Boutique Event Held in Washington on Sept. 10 that Allows General Counsels, Compliment Officers and Regulatory Executives to Meet with Public Officials Responsible for Crypto Legislation and Regulatory Oversight. Space is limited. Use Code CDB15 FOR 15% OFF YOUR REGISTRATION THRUGH SEPT. 1.

• Aug. 28: Stablecoin Conference 2025 (Mexico City)
• Aug. 28-29: Bitcoin Asia 2025 (Hong Kong)
• Sept. 3-5: Bitcoin ++ (Istanbul)

Token TalkBy shaurya malwa

• YzyThe Solana-Based Memocoin Linked to Ye (Kanye West), Left More than 70,000 Wallets in Losses After Its Chaotic Debut, Accounting To Blockchain Analytics Firm Bubblemaps.
• The Token Was Pitched As Part of of A Broader “YZY MONEY” EcoSystem, Including Payment Rails and A Branded Card, But Structural Flaws in Supple Distribution and Liquidity Design Quick.
• Over 51.800 Addresses Apparently LOST $ 1 – $ 1,000, 5.269 Walletts LOST $ 1,000– $ 10,000 and 1.025 Walletts Lost $ 10,000– $ 100,000, Bubblemaps SAID. Three Traders Lost More Than $ 1 Million Each and 108 Walletts Boobed Six-Figure Losses.
• On The Flip Side, Just 11 Walletts Made $ 1 Million or More, 99 Walletts Boobed $ 100,000+, and About 2.541 CLEARED AT LEAST $ 1,000 in Profit
• The Crowd Overall Is Down $ 8.2 Million, Despite Insiders Pocketing Millions. Bubblemaps’ Data Shows Profits Were Brutally Concentred, with The Top 11 Winners CAPTING NEARLY ALL MEANINGFUL GANS.
• Structural Flaws Were Evident: 70% of Supple Was Reserved for Yeezy Investments LLC, 20% Sold to the Public, and 10% USED FOR LIQUidity. The Pool Was Seeded Only With Yzy Tokens, Not Paired With Stablecoins, Leaving It Vulneval to Liquidity Drains – Similar to The Libra token collapse in argentina ..
• The Outcome MirRors MirRors MirRORS MIRRORS MIRRORS MANY CELEBRITY-BASED MEMEINS, WHICH are Marketed as fan Engagemen Tools, but of the Ukrainian Appear To Be Structure to Funnel Gaers to Those in the Know In the Know In the Know In-Know Intener in The Known In The Known In The Known In The Bag.

Derivatives Positioning

• Btc’s rise in price from tuesday is characterized by a drop in Open interest Hyperliquid, and Low Spot Market Volumes. (Check The Chart of the Day). The Same Is True for Ether.
• The Divergence Between the Price Performance and Trends in Oi and Volumes, Raises A Question About the Sustainability of the Gains.
• In the past 24 hours, SOL, doge and ada have registered an increase in Futures oi, while the other Major Cryptocurrencies have Seen Capital Outflows. FUNDING RATES (Calculated On an 8-Hour Basis) for most Majors have Receded to Near Zero, Indicating A Neutral Sentiment.
• On the CME, BTC Futures Oi Remains Well Below December Highs While the Annualized Three-Month Basis Remains Under 10%. However, Options OI HAS INCREASED TO 42.89K BTC, The HIGHEEST SINCE MAY 29.
• In eth’s Case, The CME Futures Oi Has Risen to A Record 2.2 Million Eth, Signaling Robust Institutional Participation.
• On Deribit, BTC Put Options Continue to Trade at A Higher Premium What Calls Across All Tenors, Indicating A Bearish Regime Shift. BTC’s IMPLIED VALATCY (IV) TERM STRUCTURE REMAINS UPWARD-SLOPING WITH September Expiry Options Trading at Mid-To-To-High 30 IVS.
• In eth’s Case, The Call Bias Has Notable Weaned Since Early This Week.
• Block Flows on Otc Network Paradigm Featured Butterfly Option Strategies in BTC and An Outright Purchase of the Aug. 30 Expiry Ether Call at the $ 5,000 Strike.

Market Movements

• BTC is up 0.45% from 4 pm et wednesday at $ 112,929.44 (24hrs: +1.78%)
• ETH IS DOWN 0.12% AT $ 4,589.62.94 (24hrs: +0.31%)
• Coindesk 20 is uncanged AT 4.168.55 (24hrs: +0.83%)
• Ether Cesr Composite Staking Rate Is Down 3 BPS at 2.9%
• BTC FUNDING RATE IS AT 0.008% (8.7688% Annualized) on Binance

• DXY IS DOWN 0.16% AT 98.08
• Gold Futures Are Up 0.18% AT $ 3.454.80
• Silver Futures Are Up 0.72% AT $ 38.99
• Nikkei 225 CLOSED UP 0.73% AT 42,828.79
• Hang Seng Closed Down 0.81% AT 24,998.82
• FTSE IS DOWN 0.36% AT 9,221.86
• Euro Stoxx 50 IS Up 0.28% AT 5.407.94
• DJIA CLOSED ON WEDNESDAY UP 0.32% AT 45,565.23
• S&P 500 CLOSED UP 0.24% AT 6,481.40
• NASDAQ composite Closed Up 0.21% AT 21,590.14
• S&P/Tsx Composite Closed Up 0.33% AT 28,433.00
• S&P 40 Latin America Closed Up 0.96% AT 2.741.35
• US 10-YEAR Treasury Rate is Down 0.8 BPS at 4.23%
• E-mini S&P 500 Futures Are UNCHANGED AT 6,499.00
• E-mini NASDAQ-100 Futures are Unchanged AT 23,623.00
• E-mini Dow Jones Industrial Average Index Are Up 0.19% AT 45,729.00

Bitcoin Stats

• BTC Dominan CE: 58.26% (-0.06%)
• Ether-Bitcoin Ratio: 0.04062 (0.26%)
• Hashrate (Seven-Day Moving AVERAGE): 969 eh/s
• HashPrice (Spot): $ 55.16
• Total Fees: 3.65 BTC / $ 407,212
• CME FUTures Open Interest: 138,700 BTC
• BTC Priced in Gold: 33.2 Oz.
• BTC VS Gold Market Cap: 9.45%

Technical AnalysisBTC’s Hourly Price Action in Candlestick Format. (TradingView/Coindesk)

• BTC’s Price Is Looking to Establish A Foothold Above the Upper End of the Falling Channel that Marks the Pullback from Record Highback.
• A Convincing Breakout Wound Mean That Tempory Bull Brell Breather Has Ended, Opening The Doors for a Renewed Rally to $ 120,000 and Higher.
• The 50-, 100- And 200-Hour Simple Moving Aversaes Are Bottoming Out As Well in A Sign of Potential Price Gains Ahead.

Crypto equities

• Coinbase Global (Coin): CLOSED ON WEDNESDAY AT $ 308.97 ( +0.16%), +0.63% AT $ 310.92 In Pre-Market
• Circle (CRCL): Closed AT $ 127.4 (-1.28%), +0.58% AT $ 128.14
• Galaxy Digital (GLXY): CLOSED AT $ 24.41 (-1.25%), +1.27% AT $ 24.72
• Bullish (BLSH): CLOSED AT $ 63.98 (-3.18%), -0.14% AT $ 63.89
• MARA HOLDINGS (MARA): CLOSED AT $ 15.85 ( +0.06%), +1.14% AT $ 16.03
• Riot Platforms (Riot): CLOSED AT $ 13.55 (-1.02%), +1.03% AT $ 13.69
• Core Scientific (Corz): CLOSED AT $ 14.2 ( +1.14%), +0.92% AT $ 14.33
• Cleanspark (CLSK): CLOSED AT $ 9.58 (-1.03%), +1.67% AT $ 9.74
• Coinshares Valkyrie Bitcoin Mines ETF (WGMI): Closed AT $ 29.31 (-0.27%)
• Exodus Movement (Exod): Closed AT $ 27.25 ( +1%), +2.68% AT $ 27.98

Crypto Treasury Companies

• Strategy (Mstr): Closed AT $ 342.06 (-2.65%), +1.21% AT $ 346.21 In Pre-Market
• Semler Scientific (SMLR): CLOSED AT $ 30.56 (-0.75%)
• Sharplink Gaming (SBET): CLOSED AT $ 19.27 (-3.26%), +1.19% AT $ 19.50
• UPEXI (UPXI): CLOSED AT $ 8.22 (-3.92%), +6.45% AT $ 8.75
• Mei Pharma (Meip): CLOSED AT $ 5.16 (-2.27%)

ETF FlowsSPOT BTC ETFS

• Daily Net Flows: $ 81.4 Million
• Cumulative Net Flows: $ 54.16 Billion
• Total BTC Holdings ~ 1.29 Million

Spot eth etfs

• Daily Net Flows: $ 307.2 Million
• Cumulative Net Flows: $ 13.65 Billion
• Total Eth Holdings ~ 6.53 Million

Source: Farside Investors

Chart of the dayBTC’s Spot Price Vs. Perp Futures Oi and Spot Volume. (Velo)

• BTC’s Price Recovery is Marked by a Deckline in Open Interest in USD- and USDT-Denominated Perpetual Futures on Majoor Exchanges.
• Furthermore, The Spot Volume Has Stayed Low Throughout the Recovery.
• The Divergence Indicates Low Participation of Both Derivatives and Spot Traders in the Price Recovery.

While You Were Sleeping

• As Bitcoin Bounces, on -chain Data Point to Selling Pressure Near Level, While Analysts Say etf Inflows and Corporate Buying Provide a Bullish Counterweight.
• Ether Futures Open Interest on CME Hits Record $ 10b, Hinting at Institutional Resurgence (Coindesk): The Exchange Said the Number of Large Open Interest Holders – Those Holding at LEAS. Record 101 Early this month.
• The Sandbox Cuts Half of Its Staff, Restructures As Animoca Brands Take Control (Coindesk) Shareholder Animoca Brands and Questions Looming Over Itine-Figure Crypto Treasury.
• American Bitcoin, Backed by Trump’s Sons, AIIMS to Start Trading in September (Reuters): Hut 8 CEO Asher Genoot Said American Bitcoin’s Merger With Gryphon Class. Under The Ticker Abtc. The Trump Brothers and Hut 8 Will Hold 98% of the Company.
• Denmark Summons US Envoy Over Suspected American Influence Campaign in Greenland (The Wall Street Journal) Separatist Sentiment to Weaken Denmark’s Grip, an Unprecedated MOV AMOG Allies As Washington Eyes Strategic Control of the Island.
• China Won The Rare Earths Race. Can It Stay On Top? (Financial Times): China Has Kept Prices Low to Block Rivals, Controlling 70% of Mining, 90% of Processing and Nearly All Magnet Output, Leaving Western Efferts Strug.

In the Ether