Market Overview
Bitcoin gave back 1.2% Monday to close at $64,136, its second consecutive down session, while ether slipped 1.7% to $1,878.76 and lost the $1,900 handle it defended for most of last week. Solana went the other way, up 0.2% to $76.40 and stretching its 7-day gain to +9.2% ↑. XRP eased 1.0% to $1.02 but remains up 8.4% over 30 days. The tape looked more like rotation into higher-beta layer-1 exposure than broad de-risking.
Asset Price Analysis
BTC spent the session capped below $65,000, a level that acted as intraday resistance after Friday's close near $64,900. The 30-day picture is still constructive: bitcoin is up 13.7% over that window and solana 15.6%. Ether is the laggard, holding a 3.7% 30-day gain but down 3.7% on the week — the only major to post negative returns across both the 7-day and 24-hour windows.
- BTC $64,136 -1.2% ↓ 24h | -0.6% ↓ 7d | +13.7% ↑ 30d
- ETH $1,878.76 -1.7% ↓ 24h | -3.7% ↓ 7d | +3.7% ↑ 30d
- SOL $76.40 +0.2% ↑ 24h | +9.2% ↑ 7d | +15.6% ↑ 30d
- XRP $1.02 -1.0% ↓ 24h | +1.7% ↑ 7d | +8.4% ↑ 30d
The BTC/ETH ratio widened again on the session. Ether's underperformance across both intraday and weekly windows, set against solana's continued bid, is consistent with capital rotating within the majors rather than exiting the complex.
Stablecoin Flows
Tether's circulating supply fell by roughly -$1.05B ↓ over the last 24 hours to $182.0B, according to InflowScan data — the largest single-day USDT contraction in several sessions. USDC ticked higher by $127M to $72.3B. Net stablecoin supply was down on the day, historically associated with reduced on-exchange dry powder rather than fresh capital arriving.
Prior Settled ETF Flows
Issuer reports for Monday's session have not yet published; the most recent settled data covers Friday, August 7. Spot crypto ETFs absorbed +$133M ↑ in net inflows that session, according to InflowScan data, with bitcoin products doing the heavy lifting. That bid provided the backdrop that carried into the start of this week before Monday's pullback.
Outflows were concentrated in second-tier bitcoin products:
Solana ETF coverage was partial for Friday (7 of 11 funds reported) and XRP coverage thinner still (2 of 9), with remaining issuers still settling. Monday's aggregate flow picture will land in Tuesday's pre-market brief.
Outlook
Levels to watch into Tuesday's session: $65,000 as near-term resistance for bitcoin, with the $63,000 area the first support if the pullback extends. For ether, the reclaim of $1,900 is the tell on whether Monday's break was mechanical or the start of a deeper unwind. Solana's ability to hold above $75 while BTC and ETH soften will indicate whether the rotation trade has legs. On the flow side, Tuesday's pre-market publication of Monday's settled ETF data is the next data point — a continuation of the Friday IBIT/FBTC bid would argue against a sentiment turn; a flip to net outflows would corroborate the price tape.