Bitcoin rose about 25% in five August days, its strongest single-week gain in two years, with Glassnode and Bybit attributing the move mainly to short liquidations rather than newly added leveraged long positions. The report found Bitcoin gained 28% over two years while the median mid-cap altcoin lost 74% and Ethereum was roughly unchanged, underscoring the market’s top-heavy performance. Bitcoin futures open interest equaled about 2% of market capitalization, compared with roughly 24% for PEPE. Institutional flows also favored Bitcoin, whose US spot ETFs accumulated about $55.2 billion in net inflows, versus $13.1 billion for Ethereum funds and $29.7 million for Solana funds. A subsequent rebound above $80,000 after a dovish Federal Reserve forecast lifted major assets, with Solana crossing $100 and rising close to 20%.