Good morning, Asia. Here’s what makes news in the markets:
Welcome to Asia Morning Briefing, a daily overview of top stories during the US HOURS and an overview of market movements and analysis. For a detailed overview of US markets, see Coindesk’s Crypto Doybook Americas.
August delivered a rare turn in Etf Tide: Bitcoin Spot Funds throw $ 751 million in net outflow only weeks after turning the asset to a $ 124,000 to all the time, while ETHereum ETFs quietly absorbed $ 3.9 billion, according to market data.
The divergence is striking because it marks the first time since both products launched that BTC ETFs have lost the ground, while Ethereum ETFs have sent strong influxes in the same month, suggesting that institutional investors can rebalans their exposure.
Data on the chain emphasizes Bitcoin’s fragility. A recent report from Glassnode shows BTC, which slides under the cost basis for the 1- and 3-month holders, leaving short-term investors underwater and increases the risk of deeper retracement. A sustained step below the six -month cost base near $ 107,000 could accelerate losses against $ 93,000- $ 95,000 support zone, where a close cluster of long -term holders is last accumulated.
Prediction markets repeat this caution. Polymarket dealers are now awarding a 65% chance of BTC revising $ 100,000 before $ 130,000, while only 24% expect it to hit $ 150,000 at the end of the year. This shift suggests that investors are watching July -rally as excessive without renewed ETF demand to support it.
Ethereum, meanwhile, has benefited from staunch influx. ETH ETFs have logged positive net subscriptions of 10 of the past 12 months, and August’s $ 3.9 billion Haul helped the token to hack a 25% win over 30 days despite a hard week.
With Bitcoin’s ETF Time Water flowing out, Ethereum’s stable institutional bids can appear as a quiet ballast and perhaps the start of a rotation story that goes into the end of the year.
Market Movement:
BTC: Market observers say that cryptodiagrams look so bearish that they could be bullish, according to previous Coindesk reporting, which BTC trades under 108K, with forced liquidation development gearing and a rebound probably after Fed’s 17 September decision.
ETH: Polymarket dealers see Ethereum holding over $ 3,800 to 5 September with over 90% odds, while long-term bets give a 71% chance to quit 2025 over $ 5,000 and slimmer odds of $ 10,000 or higher.
Gold: Gold climbed against record highs as dealers priced in fed interest rate flow, a weaker dollar and political uncertainty following challenges to the central bank’s independence.
Nikkei 225: Nikkei 225 seemed to open lower as investors weighed a US legal decision against Trump’s tariffs, China-India tapes and upcoming production data.
Elsewhere in crypto:
- Justin Sun Eyes ‘Swift’ for Virtual Asset Sector, Roses Hong Kong Crypto Moves (SCMP)
- Trump-backed USD 1 to replace Tether, USDC as Top StableCOin in 2028: Blockstreet (Decrypt)
- WLFI -DERIVATES Volume jumps 400% in front of World Liberty’s first token -lock Monday (block)
