Sonar
August 29, 2026

Bitcoin traded between 75,000 and 80,000 dollars during the week ending August 29, closing at 77,700 dollars for a 0.8 percent decline. StarkWare completed the first quantum-resistant Bitcoin transaction on August 27 while Bitcoin ETFs recorded billions in inflows. Whale activity showed 80 WBTC purchases totaling over 20 billion dollars routed to USDC and USDT holders, alongside multiple cold-wallet transfers in ONDO, PEPE and AAVE. SOL gained 10.8 percent to 103.82 dollars while SAND fell 21.1 percent to 0.03875 dollars.

Market Sentiment: Neutral

Bitcoin held a tight range after the August 22 short squeeze and 1.35 billion dollar liquidation event. Quantum-resistant transaction news and ETF inflows provided support while Bitget CEO comments and treasury premium pressure capped upside. ETH underperformed with a 3.2 percent decline amid broader altcoin selling. Social volume remained elevated around Saylor's Strategy updates and liquidation alerts.

Top News This Week

  • Bitcoin treasury premiums remain under pressure (CryptoSlate) — Persistent premium compression signals reduced institutional demand for direct exposure versus ETF products, pressuring spot prices despite ETF inflows.
  • StarkWare mines first Bitcoin designed to withstand quantum attacks (Crypto_Briefing) — Successful quantum-resistant transaction on August 27 demonstrates technical progress on long-term Bitcoin security, potentially supporting institutional adoption narratives.
  • Bitcoin ETFs Draw Billions In New Investment (BitcoinMagazine) — Fresh capital inflows into spot ETFs during the week offset some selling pressure and reinforced Bitcoin's institutional infrastructure.
  • Bitcoin jumps 23% amid 4B crypto short squeeze (AMBCrypto) — The rapid rally and subsequent 1.35 billion dollar liquidation wave on August 22 highlighted leveraged positioning and set the tone for volatile range trading.
  • Bitcoin is trapped between 75,000 and 80,000 ahead of a massive Friday derivatives settlement (CryptoSlate) — Range-bound price action into the August 29 settlement increases the likelihood of volatility spikes and options-driven flows.
  • Bitcoin Price Eyes 100K as Prediction Markets, Wall Street Weigh In (BitcoinNews) — Wall Street and prediction market positioning for higher targets contrasts with near-term technical resistance at 80,000 dollars.
  • XRP Jumps 43% in One Week, Yet XRP/BTC Is Still Down 88% as Bitcoin Leads by 361% (thecryptobasic) — XRP outperformance on a weekly basis failed to close the multi-year gap versus Bitcoin, underscoring BTC dominance.

Biggest Whale Movements

  • WBTC — accumulation, $20032.3M. 80 transactions totaling 20.03 billion dollars moved from unknown sources into wallets holding large USDC and USDT balances across the week.
  • WBTC — distribution, $18.8M. Verified whale transferred 18.8 million dollars of WBTC to a top USDC holder on August 25, followed by a matching purchase the next day.
  • ONDO — accumulation, $30.5M. Single 30.5 million dollar purchase from cold wallet to cold wallet on August 27, part of repeated cold-storage movements.
  • PEPE — accumulation, $29.3M. 29.3 million dollar cold-to-cold purchase on August 27 alongside smaller hot-wallet flows totaling 10.6 million dollars.
  • AAVE — accumulation, $17.4M. Nine transactions totaling 17.4 million dollars routed from Revolut to unknown addresses during the week.
  • WLD — distribution, $9.0M. Top WBTC holder sold 9 million dollars of WLD to internal addresses on August 29.

Price Movers

  • SOL +10.8% — SOL rose from 93.71 to 103.82 dollars on institutional custody announcements including Schwab plans. Watch for follow-through above 105 dollars.
  • ENA +9% — ENA advanced from 0.1425 to 0.1553 dollars despite multiple whale distribution flows. Next resistance sits near 0.16 dollars.
  • UNI +6.3% — UNI climbed from 4.146 to 4.408 dollars on cold-wallet accumulation totaling 50.4 million dollars. Monitor derivatives open interest.
  • SAND -21.1% — SAND dropped from 0.04909 to 0.03875 dollars amid broad metaverse token weakness. Support tested at 0.035 dollars.
  • AXS -15.8% — AXS fell from 1.068 to 0.899 dollars with limited whale activity. Further downside possible toward 0.85 dollars.
  • PEPE -12.5% — PEPE declined from 0.00000415 to 0.00000363 dollars despite 39.9 million dollars in whale buys. Volatility likely to persist.

What to Watch Next Week

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