Bitcoin and Ethereum began the week on a lower note as investors engaged in profit-taking after a stable weekend. Bitcoin returned to the bottom of last month's trading range following a recent price peak. The market experienced notable long position liquidations and may face ongoing downside risks. At the same time, outflows from Bitcoin and Ethereum ETFs added pressure, reflecting negative short-term sentiment. However, a resurgence in ETF inflows could aid in the stabilization of BTC and ETH prices, with corporate treasury support playing a critical role in the longer term.
Bitcoin opened lower this week as investors took profits after a calm weekend. It returned to the bottom edge of last month’s trading range.
Significant long positions liquidations occurred, with Bitcoin and Ethereum experiencing outflows from ETFs, which weighed on short-term sentiment.
A strong return of ETF inflows could help stabilize BTC and ETH prices, while company treasuries may provide long-term support.
Traders are focusing on the Jackson Hole Economic Symposium, which may provide guidance on monetary policy and impact market direction.
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