Bitcoin Slips Below $77,300 as Majors Fade in Thin Thursday Session; SOL Gives Back Intraday Gains

Bitcoin closed Thursday at $77,282, down 1.3% on the day, as the four major cryptocurrencies traded lower into the U.S. close. Solana led the retreat with a 1.5% decline to $100.09, giving back part of a strong weekly run, while XRP posted the session's steepest drop at 3.0%. Stablecoin supply data pointed to mixed positioning, with USDT expanding modestly and USDC contracting.

Market Overview

Risk came off across crypto majors into Thursday's close, with all four large-cap tokens finishing in the red. Bitcoin settled at $77,282, down -1.3% ↓ on the day and -0.6% ↓ on the week, though the 30-day tape remains firmly higher at +13.7% ↑. Ether tracked sideways-to-lower at $2,461.79, a 0.2% intraday fade that leaves ETH down 3.7% over the past seven sessions — the weakest weekly print in the majors. Solana and XRP led the decliners at the close.

Asset Price Analysis

Solana closed at $100.09, a -1.5% ↓ session that pulled the token back to the $100 handle after a stretch of relative outperformance. SOL is still +9.2% ↑ over the week and +15.6% ↑ over 30 days, the strongest of the four majors on both windows. The fade off intraday highs is consistent with profit-taking into round-number resistance rather than a break in the uptrend, though a sustained loss of the $100 handle would erase the weekly bid.

XRP was the day's laggard, closing at $1.35 after a -3.0% ↓ session. The token still holds a +1.7% ↑ weekly gain, but Thursday's move retraces roughly half of that. Bitcoin's -1.3% ↓ close leaves the tape rangebound between recent support in the mid-$76,000s and resistance approaching $80,000 — a narrower band than the 30-day range suggests. Ether's relative underperformance on the week, with BTC/ETH mechanically widening, points to continued rotation away from ETH-denominated exposure.

ETF Flows Context

Issuer reports for Thursday's session have not yet settled and will publish overnight. The most recent settled tape, from Wednesday, September 9, showed +$25.6M ↑ in net inflows across spot crypto ETFs, according to InflowScan data — a modest positive print masked by sharp divergence at the fund level.

ETHB (BlackRock): +$23.0M ↑
BSOL (Bitwise): +$11.2M ↑
FETH (Fidelity): +$9.9M ↑
GBTC (Grayscale): -$27.3M ↓
IBIT (BlackRock): -$19.5M ↓
SLON (ProShares): -$0.7M ↓

The Wednesday tape is notable for an internal split: bitcoin products absorbed net redemptions on the day — led by GBTC and, more unusually, IBIT — while ether and solana products carried the aggregate into positive territory. BlackRock's ETHB alone added more than the total net figure. Solana ETF coverage was partial at 7 of 11 funds reporting, with SOLC, SOLM, SOLT and SOLZ still settling; XRP coverage was thinner at 3 of 9. Thursday's settled numbers, publishing tomorrow morning, will show whether the ETH/SOL-over-BTC rotation persisted or reversed alongside today's price fade.

Stablecoin Flows

Stablecoin aggregates pointed in opposite directions Thursday. USDT supply expanded by +$2.8M ↑ to $183.4B, a marginal print, while USDC supply contracted by -$241.5M ↓ to $74.2B, according to InflowScan data. The USDC drawdown is the more meaningful of the two — a redemption of that size on a down day for majors is consistent with sidelined capital being pulled off exchanges rather than deployed into the tape.

Outlook

Thursday's Solana ETF numbers will be the flow print to watch overnight. Wednesday's BSOL inflow arrived against a strong SOL tape; Thursday's close at the $100 handle sets up a cleaner read on whether ETF demand tracks price or leans against it. For bitcoin, the setup into Friday is a market that has now logged two consecutive sessions of net BTC-product redemptions (per the Wednesday tape) alongside a soft price close — the question is whether Friday's settled flows extend the streak. Key levels: BTC support in the mid-$76,000s, resistance approaching $80,000; ETH's $2,400 handle; SOL's $100 line. USDC supply direction on Friday will indicate whether Thursday's drawdown was a one-session repositioning or the start of a broader dry-powder unwind.