8.16 ETH morning analysis: Scale into small short positions on ETH around 1890/1910, with targets at 1860/1840. Those looking to go long can scale into small long positions around 1850, with a stop-loss at 1820 and targets at 1890/1910. ETH encountered resistance after surging, while the short-term moving averages have turned downward and formed pressure. Clear resistance is seen at 1883‑1885 above; enter short positions once a signal of a halted rebound appears. Do not attempt to bottom-fish with long positions; wait for a pullback to 1872 and consider going long on a dip after stabilization. $ETH ‌#Tether储备金超负债68亿美元

August 16 Xingran Midday BTC-ETH Market Analysis BTC bottomed and quickly recovered, rebounding again toward the previous high of 63141. Overhead pressure remains evident, with price consolidating at high levels and bulls and bears engaged in fierce competition. Short-term outlook: Focus on shorting rebounds at high levels Resistance: 63100‑63140 Support: 62930, followed by 62830; a break below would weaken further Entry: Short on a rebound to 63100‑63140 Stop-loss: 63280 Targets: 62960 → 62850 ETH rebounded with a strong bullish candle after a sharp decline, returning to the previous consolidation range. It encountered resistance after rising and pulled back slightly, with no clear one-way move emerging as range-bound trading continues. Short-term outlook: Focus on shorting rebounds at high levels Resistance: 1884‑1886 Support: 1877, followed by 1871; a break below would deepen the pullback Entry: Short on a rebound to 1884‑1886 Stop-loss: 1893 Targets: 1878 → 1872$BTC $ETH

$1.1 billion came in, but BTC didn't rise; $330 million went out, but BTC didn't fall—have ETF flows "stopped working"? From August 3 to 7, U.S. spot BTC and ETH ETFs saw combined net inflows of approximately $1.1 billion. Bitcoin ETFs accounted for $865 million of that. And then? Bitcoin's price barely budged. It kept churning within the $62,000–$65,000 range. It gets even more surreal. From August 10 to 14, Bitcoin ETFs saw net outflows of approximately $329 million. By "common sense," the price should have crashed, right? Bitcoin still didn't fall. During the same period, BTC's UTC closing price declined by only about 0.8%. $1.1 billion came in without a rise, and $330 million went out without a fall. When did ETF flows start to "stop working"? Why didn't Bitcoin rise after $1.1 billion came in? Because whenever someone buys, someone else sells. Selling pressure from holders looking to break even around the on-chain cost-basis cluster near $66,000 offset ETF buying. Simply put, while ETFs were accumulating, early holders were distributing. The $1.1 billion that came in was entirely absorbed by break-even sellers. The price didn't move, but the coins changed hands. Why didn't Bitcoin fall after $330 million went out? The answer: derivatives supported the market. On August 14, open interest in Bitcoin futures surged by $1.2 billion within eight hours. Open interest rose to approximately 765,820 BTC, with a notional value of about $49.2 billion. Funding rates remained positive, indicating that leveraged longs continued to add to their positions. ETFs were selling, but leveraged longs were buying (or, in other words, shorts were closing). The price was "welded" in place by derivatives. Got it? Bitcoin's pricing power has now shifted from "ETF flows" to the "leveraged battle in derivatives." Before: ETF inflows → BTC rises. ETF outflows → BTC falls. Now: ETF inflows, break-even sellers dump. ETF outflows, leverage holds the line. But prices supported by leverage are never stable. On August 13, BTC ETFs saw $131 million in net outflows in a single day. On August 14, another $56 million flowed out. Combined outflows over the two days totaled approximately $192 million. Bitcoin fell below $63,000, touching its lowest point since August 3. Leverage can hold the line for a while, but not forever. If ETF outflows continue, the leveraged long positions that have accumulated could turn into fuel for liquidations at any moment. If spot buying recovers, the newly added leveraged positions will amplify the rebound BTC is now a time bomb propped up by leverage. Whether it explodes upward or downward depends on whether spot capital can absorb the pressure ‍#比特币变盘信号出现 #我的七夕交易分享 #Gate7月增长Top1 $ETH $GT $BTC