đŸșWWJD (What Would Jerome Do?)

BTC & ETH edge up but market stays shaky . All eyes on Powell’s Jackson Hole speech—hawkish vibes could spark more sell-offs. Grayscale drops BTCC & BPI ETFs for BTC income plays. $1B outflows from BTC/ETH ETFs show caution. UK Bitcoin ETNs back Oct 8, Trump fam dives into DOGE mining, & Treasury liquidity drain looms.

Author

Noah Major
August 20, 2025

Bitcoin (BTC) and Ether (ETH) have slightly recovered from recent lows, but broader market weakness persists, with CoinDesk 20 and 80 indexes down over 24 hours. Only OKB and LINK among the top 100 coins gained over 3%. Investors are focused on Fed Chair Jerome Powell’s upcoming Jackson Hole speech, with a hawkish tone or strong economic data potentially triggering further crypto sell-offs. Profit-taking by short-term BTC holders and $1 billion in net outflows from BTC and ETH ETFs signal market caution. Grayscale launched two income-focused ETFs (BTCC and BPI) using covered call strategies to generate income from Bitcoin. Upcoming crypto events include Hedera, Qubic, and Viction upgrades, while macro events like the Fed’s July meeting minutes and Powell’s speech are critical. A U.S. Treasury liquidity drain, UK Bitcoin ETNs, Trump family crypto ventures, Musk’s paused political party, China tariffs, and Iran-Russia oil trades also influence markets.

ETH ETF’s Inflow

BTC ETF’s Inflow

Goodluck out there today, lads!

V/r,

Nono

TradeBionic Project Lead