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Market Commentary
Macro & Global Markets
Price Action — Weekly Ranges
Derivatives & Microstructure
U.S Spot ETFs — Institutional Flows
Conclusion & Positioning
August 28, 2026
Market Commentary — Week 35, 2026
ETF flows sustain (BTC +USD 1,126MM, ETH +USD 713.60MM) but decelerate. BTC was rejected at its structural resistance (~USD 80–83K) and lost its first support after Warsh's restrictive turn; September hike odds jump to ~50%. Solana leads with +15.4% and a record inflow.
August 21, 2026
Market Commentary — Week 34, 2026
Market Commentary – Week 34, 2026 (Aug 17 – 21) Digital Assets recorded their largest weekly advance in nearly two years: BTC +23.3%, ETH +28.0% and SOL +21.3%. The move combined a U.S. Treasury liquidity injection (doubling its long-dated bond buybacks), signals favorable to Digital Assets from Washington, and a historic short squeeze: on August 19, close to USD 2.99 billion in positions were liquidated, ~92% of them shorts, with USD 1.74 billion in 24 hours — the second-largest such event on record. ETF flows, moderate mid-week, accelerated sharply in the second half: BTC +USD 1,610MM (IBIT contributed USD 503MM in a single session), ETH +USD 508.60MM and SOL +USD 18.70MM. Institutional backing shifted from tepid to emphatic. Still, on-chain data qualify the move: per analyst Maartunn, close to 49,000 BTC moved to exchanges on August 20, a sign of sell-side positioning into the advance. BTC trades around USD 77,500 (+23.3%). ETH ~USD 2,400 (+28.0%). SOL ~USD 91 (+21.3%). We maintain prudence with a focus on September, where the decisive catalysts concentrate: jobs (~Sep 4), CPI (~Sep 11) and, on September 15–16, the CLARITY Act cloture motion alongside the Fed's decision.
August 14, 2026
Market Commentary — Week 33, 2026
The July CPI confirms the moderation of inflation, but BTC ETFs revert to outflows (-USD 329MM) and price retreats: in a lower-liquidity month, flow dominated over macro. Solana diverges to the upside. Signs of deepening institutionalization: ETH treasuries and Norway's sovereign wealth fund.
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August 7, 2026
Market Commentary — Week 32, 2026
A weak jobs report rebalances the Fed and institutional flows return in force (BTC ETFs +USD 763.60MM). BTC and ETH recover ~3%. The CLARITY Act falls short of a vote before the recess; it shifts to September.