Live updates: Bitcoin rises above $64,000 as big AI compute deals continue to roll in
CoinDesk carried ARP Digital's analysis that institutional selling had flipped to buying, with spot ETF inflows at their strongest stretch since May.
CoinDesk carried ARP Digital's market analysis on 17 August under the headline "Bitcoin looks flat, but the flows have quietly turned, ARP Digital says," based on a note sent to the publication by partner Yusuf Fakhro.
The analysis argued that a quiet price surface concealed a reversal underneath it. Fakhro pointed to US spot ETF inflows over five days into 7 August representing the strongest stretch since May, and to third-quarter net inflows standing against substantial outflows in the second half of Q2 — evidence, in his reading, that institutional selling had flipped to buying. He set this against spot volumes at two-and-a-half-year lows, perpetual volumes at three-year lows and volatility near multi-year troughs, arguing that fresh demand arriving into a thin tape is characteristic of how durable bottoms form.
