Bitcoin posted its best month since November 2024 and its best August since 2017, gaining roughly 24%. US spot Bitcoin ETFs attracted between $2.7B and $3B in inflows for the month, including $1.92B alone during the week ended August 21. Large holders accumulated approximately 60,000 BTC while short positions faced $6.55B in liquidations over two weeks. BTC briefly surpassed $81,000 before stabilizing around $78,000 to $79,000. Despite this rally, Bitcoin remains approximately 38% below its all-time high of nearly $126,000 set in October 2025.
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