Bitcoin traded near $78,825 after declining 0.32%, having faced rejection at $81,265 before falling to $77,601. Institutional demand strengthened during the consolidation. BlackRock-linked ETF wallets accumulated 3,620 BTC worth $282 million from Coinbase Prime. Spot Bitcoin ETFs recorded $232 million in net inflows on August 26, with BlackRock leading at $200 million. The Coinbase Premium Gap turned positive for the first time since May, indicating stronger U.S. buying pressure. Exchange netflow remained negative for five consecutive days. Bitcoin’s Aroon Oscillator rose to 78, suggesting buyers control the trend.
Bitcoin traded near $78,825 at press time after declining 0.32%. Before the pullback, BTC had risen 13% on the daily chart.
The cooldown offered institutional investors another opportunity to accumulate. BlackRock-linked ETF wallets accumulated 3,620 BTC worth $282 million from Coinbase Prime.
BlackRock‘s IBIT recorded net inflows for five consecutive days. This trend extended across Spot Bitcoin ETFs.
On August 26, Spot Bitcoin ETFs recorded $232 million in net inflows. BlackRock led with $200 million.
These net inflows suggested that institutional sentiment was beginning to improve. Previously, institutional investors had sold aggressively as losses increased.
The Coinbase Premium Gap turned positive for the first time since May, according to CryptoQuant. A positive Coinbase Premium Gap indicated stronger buying pressure on Coinbase relative to Binance.
This pattern has historically coincided with stronger U.S. demand. Similar accumulation accompanied several Bitcoin all-time highs during 2024 and 2025.
If U.S. buyers have returned, their demand could support another attempt above $81,000. Alongside the institutional buying, Bitcoin’s available supply on exchanges continued to decline.
Exchange netflow remained negative for five consecutive days, signaling sustained net withdrawals. These withdrawals reduced immediately tradable exchange supply, strengthening the accumulation argument.
Bitcoin’s momentum indicators supported the bullish structure. The Aroon Oscillator rose to 78, indicating that buyers controlled the prevailing trend.
The Trend Strength Index maintained its upward trajectory, further supporting possible trend continuation. If demand holds, Bitcoin could break from consolidation and reclaim $81,000, with the next target near $84,000.
