Bitcoin ETF Inflow Streak Faces First Real Test Amid US Data Release
CryptoSlate reports that Bitcoin's seven-session spot ETF inflow streak faces its first real test on August 26, as three critical US reports arrive within a 30-minute window. The U.S. Bureau of Economic Analysis is set to publish July Personal Income and Outlays, including the PCE inflation indexes, alongside its second estimate of second-quarter GDP at 8:30 a.m. ET.
The data release coincides with CryptoSlate's Bitcoin market data, which puts BTC near $78,508, down about 2% over 24 hours but still up roughly 22.8% over seven days. BlackRock's IBIT accounted for $284.4 million of the $314.3 million total on August 25, or about 90.5%, making the streak a strong aggregate net-inflow signal.
The Cleveland Fed's Aug. 25 nowcast estimated July headline PCE inflation at 0.15% month over month and 3.65% year over year. If hotter inflation or stronger growth coincides with rising yields and a firmer dollar, Bitcoin holding near its pre-release level would be consistent with ETF demand offsetting some of the pressure.
The starting markers are Bitcoin near $79,000, the 10-year yield near 4.65%, and DXY near 99 immediately before 8:30, followed by the first verified move across all three markets.