Bitcoin spent Monday around $77,600 to $77,900 after a weekend spent digesting Kevin Warsh's hawkish Jackson Hole speech. One print put the coin at $77,625, down 0.6% on the day, before a bounce toward $78,070. Ether was softer, near $2,412 to $2,417. Total crypto market value sat near $2.68 trillion, about 1% lighter. The headline is not the dip. It is that U.S. spot Bitcoin ETFs still finish August as the strongest month of 2026, with more than $3 billion of net inflows even after Friday's $201.8 million of redemptions.
That Friday print, led by ARK 21Shares ARKB at $114.9 million, Bitwise BITB at $49.7 million, and BlackRock IBIT at $33.4 million, ended a nine-session buying streak that had absorbed about $3.04 billion from 17 to 27 August. See how Friday's outflow broke the streak. SoSoValue trackers left August month-to-date still above $3.1 billion, roughly double April's previous full-month high near $1.97 billion. Cumulative net flows since the January 2024 launch remain in the mid-$50 billion range. Year-to-date the complex is still modestly negative after spring and summer redemptions.
What Monday's tape is testing
Traders mark $76,500 to $77,000 as nearby support and $79,000 to $80,400 as the reclaim that would put last week's breakout back on. Funding has cooled from the squeeze that took Bitcoin through $80,000. Ether's sharper drop, about 1.6% to the mid-$2,400s, is the usual high-beta tell: the debasement bid that lifted both majors into Jackson Hole is still in the wrappers, but Monday's risk-off hit alts first. Spot Ether funds had kept buying through Friday. That split still matters if Tuesday's U.S. session prints another Bitcoin redemption while Ether stays green.
The September calendar, not the weekend chat
U.S. employment data and CPI on 11 September sit in front of the 15-16 September FOMC. Until those prints, ETF creations and redemptions are the daily tell. Creations force the funds to buy spot. Redemptions force them to sell. One red Friday after nine green sessions is a mark, not a regime change. Two or three more would say demand paused after the squeeze. August still belongs to the buyers. September will belong to the Fed path and to whether IBIT and the rest of the complex keep creating shares into a higher funds-rate bet.