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Bitcoin Consolidation Ahead of Jackson Hole
Bitcoin has entered a high-level consolidation phase after surging above $79,000, according to Hong Kong-based Bitfire Research . Markets are now focused on Federal Reserve Chairman Kevin Warsh's first speech at the Jackson Hole Symposium, with investors watching closely for signals on interest rate policy direction . Analysts noted that approximately $1.92 billion flowed into U.S. spot Bitcoin ETFs, while large-scale short liquidations continue to support the rally . The key question remains whether capital flows will sustain Bitcoin's recovery into a lasting medium-term uptrend.