Bitcoin ETF outflows hit $202M as BTC holds near $77.5K
Bitcoin (BTC)
Editor:
Eugene Serbin
bitcoinethereumnews.com reported that Bitcoin traded near $77,500 on August 29 after US spot ETFs recorded a $201.9 million net withdrawal. This outflow ended a nine-session streak of positive flows and marked a sharp reversal from the $242.3 million inflow seen on August 27. ARKB led the redemptions with $114.9 million, followed by BITB at $49.7 million and IBIT losing $33.4 million.
Morgan Stanley’s MSBT provided a partial offset with a $9.3 million inflow, while other funds saw no net movement. The price pullback followed a failed attempt to hold above $80,000, with BTC briefly touching $77,078 before stabilizing. Technical indicators show BTC moving below the 4-hour Bollinger Band midpoint of $78,815, with the lower band at $76,992 overlapping key support.
The Chaikin Money Flow reading dropped to -0.14, indicating that selling pressure has outweighed buying pressure. Federal Reserve Chair Kevin Warsh cited inflation running at 3.7% over 12 months, stating the Fed’s focus should remain on prices. His comments reduced expectations for easier monetary policy, which can raise returns on cash and reduce capital moving into volatile assets.
Despite the short-term weakness, the daily MACD remains positive with a histogram above zero, though momentum is slowing. A Fibonacci retracement places the 78.6% level at $72,441, defining a broad range between $72,441 and $83,939.
How the market reacted
Whalio's own Binance spot order flow for BTC, measured when this story was written up on 29 August 2026. Not the outlet's figures.
Whalio data shows Bitcoin trading at $77,845.87 with a 1-hour buy ratio of 53.7% and a 4-hour buy ratio of 58.1%, indicating short-term buyers are currently in control. However, the 24-hour buy ratio has dropped to 47.1%, suggesting that buying pressure is fading over the full day. The 1-hour volume delta is positive at $1,805,503, while the 4-hour delta is significantly higher at $16,223,691, showing that recent trades are net bullish. In contrast, the 24-hour volume delta is -$90,470,724, meaning that over the last day, sellers have dominated the market. The cumulative volume delta (CVD) for the 24-hour close is -$21,365,074, confirming that net selling pressure has outweighed buying pressure over the longer timeframe. Spot volume for the period was $1,560,927,602 across 4,822,157 trades.
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.
Over the preceding week, the average buy ratio was 50.3%, meaning the latest 24-hour ratio of 47.1% is 3.2 percentage points below the weekly average. Volume for the day was 0.85x the weekly average, indicating that trading activity was lighter than usual. While the 24-hour period saw net selling, the 8-day volume delta remains positive at $53,546,167, showing that buying has dominated the broader weekly trend. Bitcoin’s price change over the eight days was -0.6%, with net buying occurring on only 4 of the 7 days. This suggests that while the recent day was unusual for its outflow and lower volume, the weekly structure still retains a net positive flow character.