Market Analysis

The CLARITY Act did not pass before the Senate’s deadline, but bitcoin still rose 3.7% for the week ended Aug. 7. U.S. spot bitcoin ETFs recorded net inflows of $853.54 million that week, though year-to-date net outflows remain around $4.5 billion. Bitcoin steadied around $65,200 even as the market absorbed a crypto hack and rising yields. During the earlier run from $75,000 to the October 2025 record high of $126,000, ETF weekly inflows topped $1 billion for multiple consecutive weeks.

Bitcoin exchange-traded funds (ETFs) recorded net outflows of $144.67 million in the latest trading session, according to DiarioBitcoin. The move ended a run of net inflows that had lasted for several sessions. The size of the outflow has drawn market attention, reflecting a shift toward more cautious investor sentiment.

Strive has maintained the variable dividend rate on its SATA perpetual preferred shares at 13%, implying about $101.8 million in annualized dividends based on the June 30 share count. The company reported $154.9 million of cash and cash equivalents as of Aug. 7, leaving limited cash-only coverage at that dividend run rate. If cash needs persist, Strive could be pressured to sell Bitcoin to close a funding gap. Any dividend-rate change or Bitcoin sale remains conditional and has not been finalized.

During Aug 3-7, BTC ETFs posted $847.0M of net inflows and ETH ETFs took in $229.7M, lifting combined inflows to $1.08B, the strongest weekly showing since April. Price reaction was limited, with BTC up 0.26% and ETH up 0.35%. After five consecutive inflow sessions, BTC saw a $91.0M outflow on Monday, while ETH remained positive with an additional $5.3M inflow. On-chain data show BTC spot CVD at $142.8M and futures CVD at $1.61B, alongside long-term holders distributing 14,526 BTC (about $929M), while ETH spot CVD was -$63.1M and futures CVD was +$717.1M.

The total crypto market cap edged up 0.31% to $2.21 trillion this week, while Bitcoin traded in a tight $64,730–$65,193 range. The ZEC/BTC pair broke a nine-year downtrend and is consolidating at 0.007904 BTC, well above its 200-period simple moving average of 0.002567 BTC. Digital Currency Group founder Barry Silbert said sustained inflows could lift Zcash’s market cap toward 10% of Bitcoin’s, or roughly $130 billion. Bitcoin failed twice to clear $65,400, with support near $62,300.

U.S. spot Bitcoin ETFs took in about $853.5 million in net inflows in the week through Aug. 7, the largest weekly intake since mid-April. BlackRock’s IBIT contributed $693 million and Fidelity’s FBTC added about $116 million. Ethereum ETFs attracted nearly $245 million over the same period, lifting combined inflows for the two categories to roughly $1.1 billion. After months of net selling, Bitcoin ETFs were about $4.5 billion net outflow year-to-date and saw more than $8 billion of heavy outflows over eight weeks earlier in the summer, before the recent run of daily net inflows reversed the slide.

Memecoin TUT posted more than $42 million in liquidations over the past 24 hours, surpassing Bitcoin and Ethereum to rank as the most liquidated crypto asset. The token had jumped more than 1,100% in two days, hitting an all-time high of $0.2903 on August 9 before reversing sharply. It is now trading about 42% below that peak and saw unusually heavy derivatives activity, with 24-hour futures volume reaching $3.34 billion.

Solana futures open interest is close to $1.8 billion, representing about 23.1 million SOL in notional exposure. Funding rates on major exchanges’ perpetual contracts have risen to around 0.01% every eight hours, the highest in nearly 11 months, indicating traders are paying up to keep leveraged long positions. The last time funding was at similar levels, SOL traded above $200, while it is now above $70 and roughly 2.6% away from the $80 resistance level. Traders are watching whether SOL can break through $80.

Crypto markets had a strong week, with Bitcoin ETFs posting $853M in net BTC buying, the biggest weekly inflow in three months. Ethereum ETFs recorded $244M in net ETH buying, the largest weekly inflow in four months, while SOL broke out of a three-month downtrend. In policy developments, President Vladimir Putin signed a new law regulating crypto in Russia, and the U.S. Senate is set to vote on the Crypto CLARITY Act on September 15, which President Donald Trump said he supports. September rate-hike odds fell to 40% from 56%, and Strategy’s STRC shares hit a 51-day high of $9.4.

Tokenized funds surpassed $9.0 billion in assets under management in Q1 2026, rising 181.3% year over year. Traditional asset managers and crypto-native firms are accelerating their push into onchain markets, according to a report by CoinShares and Token Terminal. The trend points to the rise of Hybrid Finance, where Wall Street products, blockchain infrastructure and digital-asset markets are increasingly converging into a single ecosystem.