Bitcoin is trading near $78,000 after a sharp rejection from above $81,000 on Aug. 28, with $77,000 support and $80,000 resistance defining the near-term range. Kevin Warsh said 54% of Personal Consumption Expenditures components are rising faster than 3%, reinforcing tighter-policy concerns and lifting September rate-hike odds to around 55% from 40%. Friday’s Deribit expiry removed a major positioning anchor, with roughly 81,700 Bitcoin options worth $6.44 billion expiring. US spot Bitcoin ETFs recorded nine straight days of net inflows totaling roughly $3 billion through Aug. 27, while a newer report cited more than $1.1 billion in ETF inflows, 86% of which came through IBIT. CME’s 24/7 crypto-derivatives trading allows institutional futures to respond to weekend moves while ETF activity pauses.