Crypto Market Slows as Strategy Sells 3,328 Bitcoin and ETF Flows Turn
Bitcoin is range-bound near $62,991 amid a shift in marginal demand: Strategy sold 3,328 BTC to fund dividends/buybacks, removing a structural bid, while US spot BTC ETF flows flipped from +$865.3m to -$329.0m in four sessions. Record stablecoin supply ($383.8bn, +22.7% YoY) signals growing on-chain cash buffers despite weak prices. Steady Fed policy and higher long-end yields (30Y 5.21%) keep risk appetite constrained.
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Bitcoin traded near $62,991 on 14 August, about 50 percent below its October 2025 record close. Strategy sold 3,328 bitcoin over two weeks, raising about $213.3 million to fund dividends and buybacks. US spot bitcoin ETFs recorded net inflows of $865.3 million from 3 to 7 August before swinging to net outflows of $329.0 million over the next four sessions. Stablecoin supply hit a record $383.8 billion, up 22.7 percent over 12 months, while the Fed held rates at 3.50 to 3.75 percent and the 30year Treasury yield rose to 5.21 percent.