US spot Bitcoin ETFs recorded net outflows of $201.8 million during trading on August 28, 2026. The outflow figure from SoSoValue - also recorded at $201.9 million according to aggregator Farside - officially halted a nine-day streak of consecutive inflows. The withdrawal also pushed total assets under management across all US Bitcoin ETFs back below the $100 billion threshold.
The Bitwise Bitcoin ETF (BITB) posted the highest redemption volume, shedding $49.7 million, followed by BlackRock’s iShares Bitcoin Trust (IBIT), which lost $33.4 million. Amid the outflows, Morgan Stanley’s MSBT stood out as the sole instrument resisting the downward pressure, securing $9.3 million in net inflows.
Hawkish Signals from Jackson Hole
The market reversal began following a speech by monetary official Warsh at the Jackson Hole economic forum, which highlighted the trajectory of Personal Consumption Expenditures (PCE) inflation. The PCE gauge stood at 3.7% for the 12-month calculation and hit 4.1% on a six-month basis. Both inflation metrics sit well above the Fed’s 2% target.
Warsh struck a clear, resolute tone: ‘The Fed’s predominant focus right now should be on prices’. The singular focus on tackling prices cooled expectations of loose monetary policy while triggering selling pressure across crypto markets.
Technical Indicators Follow Macro Trends
Bitcoin responded to macroeconomic pressure by trading around the $77,500 level, sliding from an intraday high of $81,200 earlier in the week. Capital flow sentiment mirrored the asset’s downturn. Bitcoin’s Chaikin Money Flow indicator now sits at -0.14, with its negative reading serving as a clear sign that selling pressure is dominating.
The daily Relative Strength Index (RSI) also dropped sharply to 69.55, pushing Bitcoin out of overbought territory, which requires a score above 70. The current RSI level has also dipped below its moving average, which sits higher at 72.68. While the daily Moving Average Convergence Divergence (MACD) remains in positive territory - holding at 3,950.79 against a signal line of 3,256.24 - declining histogram bars indicate that upside momentum is losing strength.
The key support range between $76,500 and $77,000 now serves as the last line of defense. For policymakers at Jackson Hole, price control remains the absolute parameter; for the Bitcoin trading community, this buffer zone will determine how much further the market correction pressures their portfolios.
Dilansir dari Cointelegraph.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
