GOOD MORNING, BAYKRIPTO Last day of August. And the market is… — BayKripto (Mr. Crypto)

BayKripto (Mr. Crypto)@baykkripto · 14.1K subscribers Open in TelegramOpen

GOOD MORNING, BAYKRIPTO

Last day of August.

And the market is definitely not giving us a quiet monthly close.

BITCOIN — ~$78K

BTC briefly slipped toward $77K before recovering back around the $78K area.

Two things are putting pressure on risk assets right now:

Renewed geopolitical tension
U.S.–Iran tensions are back in focus, pushing oil higher and increasing risk-off pressure across global markets.

The Fed problem isn’t gone
Markets are still digesting the hawkish Fed message and the possibility that rates could remain restrictive — or even move higher — if inflation refuses to cooperate.

Translation?

Crypto is fighting macro again.

ETF FLOWS JUST CHANGED

After a strong institutional buying streak, U.S. Spot Bitcoin ETFs recorded approximately $202M in net outflows on Friday.

That ended a 9-day BTC ETF inflow streak.

But here’s where it gets interesting:

Ethereum ETFs moved the OTHER way.

ETH ETFs recorded roughly $102M in net inflows Friday, continuing their positive streak.

And across the full week:

BTC ETFs: +$924M

ETH ETFs: +$824M

So institutional demand hasn’t disappeared — capital allocation is becoming more selective.

WHAT I’M WATCHING TODAY

BTC $77K–$78K → immediate battlefield.

Lose that area convincingly and $75K–$76K becomes much more important.

Reclaim $79K–$80K and the structure starts looking healthier again.

But there’s another reason today matters:

It’s the final day of August.

Monthly closes tell us much more than one random intraday wick.

After the massive move we saw this month, I’m watching where BTC actually closes August before getting aggressive in either direction.

September is coming.

Protect capital. Don’t chase weekend volatility.