Bitcoin is making headlines once again as it climbs back towards the $115,000 mark, attempting to recover from last week’s financial hiccup that left the cryptocurrency world holding its breath. This rebound comes on the heels of a significant liquidation event that wiped out over $1 billion in leveraged longs, briefly nudging BTC down to $113,000. However, fresh data indicates a potential shift in the winds, with Bitwise reporting $18.74 million in net inflows — a promising sign after a record-breaking day of ETF outflows just last Friday.
ETF Inflows Bring a Glimmer of Hope
For those closely watching the market, these ETF inflows are a vital sign of life. After a period marked by instability, the stabilization in institutional flows could herald a new phase of confidence. “The broader structural setup remains intact,” stated QCP Capital in their Monday note, reflecting cautious optimism. They view the recent selloff not as a harbinger of doom but rather a necessary leverage flush — a common occurrence in the volatile world of crypto that often sets the stage for renewed accumulation. This sentiment aligns with observations from Bitcoin Drops to $115K as Third Major Profit-Taking, highlighting the pressures from new tariff tensions.
Yet, it’s not all smooth sailing. Traders on platforms like Polymarket are hedging their bets, with a 49% probability that BTC could dip below $100,000 before the year wraps up. This uptick in tail risk pricing underscores a market still grappling with macroeconomic jitters — weak U.S. jobs data and fresh tariff waves from Washington are keeping investors on their toes.
Altcoins and Market Reactions
The crypto market’s recent turbulence didn’t spare altcoins, either. Solana (SOL) plummeted nearly 20% over the past week, while Ethereum (ETH) saw a 10% loss. Despite these setbacks, there’s still a glimmer of optimism. Ether remains steady around $3,700, with Polymarket traders expressing confidence in ETH breaking the $4,000 barrier sometime in August. Such resilience suggests that the broader crypto ecosystem is far from being on the ropes. For more on the recent altcoin movements, see Bitcoin Steady at $119K as Altcoins Pull Back.
Interestingly, these market movements coincide with broader financial trends. Gold, often seen as a safe haven, has extended its rally for a third consecutive session, reaching a two-week high. This surge is buoyed by soft U.S. economic data, heightening expectations of a potential Fed rate cut in September. Meanwhile, Asia-Pacific markets responded positively to geopolitical developments, with Japan’s Nikkei 225 rising 0.54% at the open.
Looking Ahead: The Next Catalyst
As traders keep a keen eye on the horizon, the next potential catalyst for Bitcoin and the crypto market could emerge during the Asia trading day. U.S. issuers are slated to report flows by mid-day Hong Kong time, and these reports could provide the spark needed to reignite the buy-the-dip narrative that many are hoping for. If ETF inflows continue and implied volatility starts to decrease, this could solidify the tentative stabilization we’re witnessing.
Yet, with the current landscape, questions linger. Can the market shake off these macroeconomic jitters? Will regulatory clarity and growing adoption finally provide the stability that crypto enthusiasts have long hoped for? As always, the crypto market’s unpredictable nature keeps both seasoned traders and newcomers on their toes, ready for the next big move.
In this ever-evolving financial landscape, Bitcoin’s latest rebound is a reminder of both its volatility and its potential. As August unfolds, all eyes will be on the market’s next moves — and whether Bitcoin can sustain its upward trajectory or face another round of turbulence.
Source
This article is based on: Asia Morning Briefing: BTC Rebounds Toward $115K as ETF Flows Return, but Traders Still Price Tail Risk
Further Reading
Deepen your understanding with these related articles:
- Bitcoin dips below $115K as Trump tariff order fails to comfort investors
- Bitcoin, Ethereum and XRP Sink as Crypto Liquidations Top $900 Million
- DOGE, SOL and XRP Lead Altcoin Losses as Rate Jitters and Leverage Unwind Hit Crypto
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
