Bitcoin traded relatively flat near $78,916 after breaking out of a multi-month range from lows reported near $62,750 to above $80,000 and briefly over $81,000, with another update placing the close near $77,700. The advance was supported by short covering, cash-market demand, rising futures open interest, limited tradable supply and approximately $1.9 billion to $1.92 billion in weekly U.S.-listed spot Bitcoin ETF inflows, the strongest total since October 2025. Spot Bitcoin ETFs then attracted $337.6 million on Monday, while spot Ethereum ETFs received $115.6 million. Liquidation estimates varied from about $1.44 billion in Bitcoin short liquidations over 24 hours to $3 billion over two days, while the latest Coinglass data showed 78,712 traders liquidated and $532.43 million in total crypto liquidations over 24 hours. Traders are watching resistance near $83,000, liquidity above $80,000 and bids around $77,000-$78,000. Attention is also fixed on Federal Reserve Chair Kevin Warsh’s inaugural Jackson Hole keynote at 10 a.m. ET on Aug. 28. Warsh, the 17th Fed chair sworn in on May 22, 2026 after a 55-45 Senate confirmation, has signaled a deliberately less communicative approach that de-emphasizes detailed forward guidance so markets react more organically to data, with the speech expected to address productivity, demographics and long-run structural forces amid heightened Treasury volatility. Treasury Secretary Scott Bessent’s expanded long-dated Treasury buybacks and increased short-term bill issuance have added questions about fiscal risk, Fed-Treasury coordination, liquidity and possible quantitative tightening. No rate cut or policy pivot has been announced.