Gate Weekly Industry Review: Bitcoin ETF outflow of $1.178 billion, Ethereum falls back after reaching a new high, alt season index rises to 51

Last week (from August 18 to August 24), the crypto market experienced a roller coaster ride due to the interplay of macro factors and capital flows. The net outflow amount of Bitcoin ETFs reached as high as $1.178 billion, the Ethereum ETF ended its record of 11 consecutive weeks of net inflows, and the sentiment for alts gradually improved. Below is a weekly industry review from Gate, helping you quickly grasp the market trends and key points of interest for this week.

BTC: Significant outflow of ETF funds, market share continues to decline

Capital Flow: Last week, BTC ETF had a net outflow of $1.178 billion, reflecting institutional funds' short-term caution.

Price trend: Last week, there was a brief surge after Powell's dovish speech in the middle of the week, but it quickly fell back to the starting point over the weekend.

Market share: temporarily reported at 57.2%, further declining, indicating more funds flowing into the altcoin sector.

ETH: ETF inflow rebounds, falls back after hitting a historical high

Capital flow: In the first three days of last week, ETH ETF saw an outflow of 870 million USD, but on Thursday and Friday, there was a total inflow of 630 million USD, ending a consecutive 11-week record of net inflows.

Price Trend: Driven by strong capital, ETH touched $4,956 last weekend, breaking the historical high, and then turned to decline early Monday morning this week.

Market Share and Exchange Rate: ETH market share is temporarily reported at 14.5%, and the ETH/BTC exchange rate is temporarily reported at 0.042, which still maintains a strong position.

alts: Emotionally Neutral, Some Sectors Leading the Rise

Market performance: Altcoins overall follow the market fluctuations, with the BIO in the Desci sector showing impressive gains, but lacking a collective new narrative.

Sentiment Indicator: The Altcoin Season Index is temporarily reported at 51, indicating an initial trend of strength relative to alts.

Market sentiment: Neutral state, with a more dispersed distribution of funds.

Events to Follow This Week (8.25–9.01)

* Macro Data

August 28, 20:30: The United States will announce the second quarter actual GDP annualized quarterly rate revision.

* Industry Events

August 25–26: Japan WebX Summit (Tokyo)

August 28-29: Hong Kong Bitcoin Asia Summit, Eric Trump will attend to speak.

* Project Updates

August 28: Jupiter (JUP) unlocks approximately 53.47 million coins (around 27.1 million USD)

August 30: Kamino (KMNO) unlocks approximately 229 million coins (about 13.3 million USD)

Conclusion

Last week, the market saw increased volatility due to macro expectations and capital flows. BTC's market share declined, while ETH reached a new high before pulling back, and the sentiment for alts has slightly improved. This week, macro data and several industry summits may become new catalysts for the market. Investors need to closely follow capital flows and changes in key price levels. For more real-time quotes and in-depth analysis, please follow the Gate official platform.