Gate Institutional Weekly: September Rate Hike Expectations Ease, BTC Recovers to Around $65,000 (August 3–9, 2026)

Over the past week, weaker U.S. employment data cooled expectations for a September rate hike and pushed Treasury yields lower, supporting a recovery across both equities and crypto. BTC rebounded to around $65,000, while BTC and ETH ETFs saw strong inflows. Gate TradFi weekly trading volume reached a new recent high, while on-chain activity shifted toward structural rotation.

Key market highlights from last week:

• Market Focus: Weaker U.S. employment data eased rate hike expectations and Treasury yields, supporting a recovery in risk appetite.
• Liquidity: Spot BTC and ETH ETFs recorded net inflows of approximately $865 million and $244 million, respectively, signaling improved institutional demand.
• TradFi Liquidity: Gate TradFi weekly trading volume approached $115 billion, up around 12% WoW and reaching a new recent high.
• On-Chain Insights: PancakeSwap remained ahead of Uniswap, stablecoin supply edged higher, and LSTs broadly recovered. Ethereum continued to anchor Aave lending, while Monad drove the strongest incremental growth.
• Protocol Revenue: Overall revenue declined, but user-facing segments including wallets, Meme platforms, launchpads, and aggregators remained resilient.
• Derivatives: BTC OI rose moderately with funding rates remaining positive. 25D Skew recovered to around -3.6 vol, while DVOL stayed low at around 35.
• This Week: Key focus will be on U.S. CPI, the outlook for interest rates, and whether BTC can break decisively above $65,000.

Discover more details today → Gate Institutional Weekly: September Rate Hike Expectations Ease, BTC Recovers to Around $65,000 (August 3–9, 2026)

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer

Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such decisions.

Gate Team
August 12, 2026

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