The wallet known as « FTX Alameda Seized Funds » transferred 24.41 BTC ($1.92 million) to another wallet, according to Arkham Intelligence and Lookonchain. This movement reintroduces into circulation a portion of the Bitcoin seized three years ago during the FTX/Alameda collapse. Despite this potential selling pressure, Bitcoin posted a 25% gain in August, its best monthly return since the 2017 cycle, and is currently testing the $78,000 level. Institutional flows support the market with $232 million in daily net inflows into BTC ETFs on August 26, bringing total monthly flows above $3 billion. BTC dominance remains above 60%, which should allow Bitcoin to maintain its bullish momentum through the rest of Q3.
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