Bitcoin drops below $79,000 on Fed rate hike fears
Bitcoin (BTC)
Editor:
Eugene Serbin
Bitcoin slipped back under $79,000 today after briefly topping $80,000 for the first time since May, according to newsbytesapp.com. The dip occurs as talk of a possible Fed rate hike and rising Treasury yields cool off last week's rally. Market liquidity remains tight despite ETF inflows, with QCP Capital noting that spot ETF inflows are bringing real demand but warning that the bullish streak may slow down soon. Other assets like XRP dropped nearly 3% while Solana stood out with almost a 4% jump.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 27 August 2026. Not the outlet's figures.
Bitcoin is trading at $79,023.75 with a 1-hour buy ratio of 40.7% and a 4-hour buy ratio of 43.0%, both lower than the 24-hour buy ratio of 49.9%, indicating that buying pressure is fading in the short term. The Volume Delta is negative across all timeframes, with -$10,177,635 in the last hour and -$13,495,762 over four hours, showing that sellers are actively pushing prices down. Over the past 24 hours, the Volume Delta is -$903,088, and the Cumulative Volume Delta (CVD) at the close is -$60,135,024, confirming that net selling has dominated recent trading activity. This means that more volume has been executed at the ask price than the bid price, reflecting a bearish sentiment in the spot market.
The latest daily buy ratio of 46.7% sits at the 18th percentile of the last 322 days, against a median of 49.2% - weaker buying than most days.
Twenty-four hours later
What BTC did over the 24 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for BTC, averaged over the days leading up to the story.
Compared to the preceding week, the current 24-hour buy ratio of 49.9% is slightly below the 7-day average of 51.6%, a difference of 1.7 percentage points. Spot Volume over the last 24 hours is $1,148,236,056, which is 0.54 times the weekly average, indicating significantly lower trading activity than usual. While there were 6 days of net buying in the past 7 days, today shows a divergence with negative volume deltas and a sub-average buy ratio. This suggests that while the broader trend has been bullish with an 8-day price change of +14.0%, today's trading is less active and less buy-heavy than the weekly norm.