BTC Correction Deepens Despite Dovish FED

BTC Correction Deepens Despite Dovish FED

Bitcoin slipped over 3% last week, touching a low of $110,680 , even after Fed Chair Jerome Powell signaled a more flexible inflation framework at Jackson Hole.

Flows & Wallet Moves:

• Lookonchain reported that a Bitcoin OG wallet holding 100,784 BTC (≈$11.4B) has begun shifting into ETH.
• SoSoValue data showed $1.17B in weekly Bitcoin spot ETF outflows, the largest since early March, raising concerns of further downside if the trend accelerates.

Ether Outperforms:

Ether surged to a new all-time high of $4,953.73, buoyed by institutional demand, declining exchange reserves, and increasing adoption in stablecoins and smart contracts. Analysts see weakening Bitcoin momentum versus strengthening ETH, hinting at a possible institutional pivot.

ETF Snapshot (U.S. last week):

• Spot BTC ETFs: –$935.1M net outflows
• Spot ETH ETFs: –$241.1M net outflows

Altcoins Under Pressure:

XRP, SOL, TRX, LINK, ADA, XLM, DOGE, SUI, BCH, AVAX, and HBAR fell 3–5% in today’s trade.

Corporate & Policy Updates:

·         Metaplanet (Japan) added 103 BTC (~$11.7M) to its treasury.

·         Michael Saylor projected 30% annual Bitcoin growth for 20 years and hinted at MicroStrategy’s next purchase.

·         In the Philippines, Congress received a bill proposing a 10,000 BTC national treasury over five years to bolster financial stability.

Outlook: Market will eye jobs data and Nveida earnings on Wednesday for further directions…

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