المنشور

$BTC BTC stuck at 78K. Briefly kissed $80K yesterday, now back to chopping at $78.4K . The macro overhang remains — Kevin Warsh's hawkish Jackson Hole comments pushed September rate-hike odds to 57%, weighing on risk assets . ETF inflows hit record $19.2B for the week through Aug 21 , but the momentum paused over the weekend . Meanwhile, the institutional buying engine is sputtering — Strategy's NAV premium has collapsed to ~0.74x, meaning no cheap equity to fund more BTC purchases .