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The founder of Liebit Mining Pool (B.TOP), Jiang Zhuoer, stated that Bitcoin has just dropped, and the Coinbase Bitcoin premium remains negative, continuing to incur significant losses. It is expected that tomorrow's spot ETF (i.e., the US stock market trading day) will see capital outflows.ETF data is lagging; trading based on ETF data is akin to driving while looking in the rearview mirror. Although it is inconvenient, the inflow and outflow of ETF funds are very important, so we can only keep an eye on it.

According to Lookonchain monitoring, the net inflow of Bitcoin ETFs in the United States is 398 BTC, with a net inflow of 8,937 BTC over 7 days; the net outflow of Ethereum ETFs is 19,667 ETH, with a net inflow of 15,939 ETH over 7 days.

According to the data panel on the ChainCatcher official website, regarding BTC wallet balances, in the past 7 days, among the top 10 exchanges by balance, Bybit had the largest decrease at 1.5%; OKX had the largest increase at 1.4%.In terms of exchange asset transparency proof, in the past 7 days, only two exchanges experienced net outflows of reserve assets, with Bybit and MEXC seeing net outflows of 59.493 million USD and 50.7179 million USD respectively; the top three net inflows were Binance (+518 million USD), Bitfinex (+203 million USD), and Bitget (+82.6782 million USD).

According to DefiLlama's on-chain cross-chain net flow data, Robinhood Chain had a net outflow of 306.19 million USD last week, ranking first among all chains in terms of outflow scale, far exceeding Hyperliquid (-179.51 million USD) and Polygon (-145.33 million USD).In terms of net inflow, Arbitrum leads with 184.14 million USD, followed by BSC (+142.38 million USD), Plasma (+120.38 million USD), Ethereum (+112.9 million USD), and Avalanche (+102.43 million USD).

According to on-chain data from DeFiLlama, there was a significant divergence in the capital flow of mainstream public chains over the weekend. BNB Chain saw a net inflow of approximately 28.22 million USD in the last 24 hours, indicating that funds are still continuously gathering in the BSC ecosystem; in contrast, Robinhood Chain experienced a net outflow of about 18.04 million USD in the last 24 hours. Earlier data from September 5 showed that Robinhood Chain had a net outflow of approximately 21.07 million USD in a single day, making it the network with the largest capital outflow among major public chains that day.In terms of capital activity, although Robinhood Chain experienced a net outflow, on-chain trading activity remained relatively high. DeFiLlama data shows that its DEX trading volume in the past 7 days was approximately 10.424 billion USD, an increase of 95.26% compared to the previous week, with a DEX trading volume of about 1.368 billion USD in the last 24 hours; BNB Chain's DEX trading volume in the past 7 days was approximately 8.254 billion USD, a weekly increase of 20.99%, with a net inflow of about 28.22 million USD in the last 24 hours.Meanwhile, data from September 6 indicated that Solana's DEX trading volume in the past 24 hours was approximately 1.96 billion USD, surpassing BNB Chain's 1.64 billion USD and Robinhood Chain's 1.61 billion USD, reclaiming the top spot in DEX trading volume among mainstream public chains. Overall, the past weekend showed characteristics of "high trading activity maintained, with a rebalancing of capital flow" among mainstream public chains: BNB Chain continued to absorb funds against a backdrop of high trading volume, while Robinhood Chain, despite rapid growth in DEX trading volume, experienced continuous net outflows, suggesting that some funds may be leaving the network after high-frequency trading.

According to SoSoValue data, yesterday (Eastern Time September 4) the total net outflow of SOL spot ETFs was $5.2078 million.The SOL spot ETF with the highest net outflow yesterday was Bitwise Solana Staking ETF (BSOL), with a net outflow of $2.7936 million, and its historical total net inflow has reached $1.021 billion.Following that was Fidelity Solana Fund ETF (FSOL), with a net outflow of $2.4141 million, and its historical total net inflow has reached $213 million.As of the time of writing, the total net asset value of SOL spot ETFs is $1.411 billion, with a SOL net asset ratio of 2.37%, and the historical cumulative net inflow has reached $1.346 billion.

According to SoSoValue data, yesterday (Eastern Time September 4) the total net outflow of the SOL spot ETF was $5.2078 million. The SOL spot ETF with the highest net outflow yesterday was the Bitwise Solana Staking ETF (BSOL), with a net outflow of $2.7936 million, and the historical total net inflow currently stands at $1.021 billion.The second highest was the Fidelity Solana Fund ETF (FSOL), with a net outflow of $2.4141 million yesterday, and the historical total net inflow currently stands at $213 million. As of the time of writing, the total net asset value of the SOL spot ETF is $1.411 billion, with a SOL net asset ratio of 2.37%, and the historical cumulative net inflow has reached $1.346 billion.

According to Defillama data, in the past day, on-chain funds have significantly concentrated on the Ethereum mainnet and a few established Layer 1s. Ethereum saw a net inflow of $46.47 million, approximately 4.5 times that of the second place Solana; on the other hand, Robinhood Chain, Arbitrum, Hyperliquid, and others experienced a total net outflow of over $100 million, reflecting a "rebalancing of funds back to Ethereum and withdrawal from Layer 2." Robinhood Chain became the largest net outflow entity of the day.This brokerage Layer 2, which launched in July 2026 and is based on Arbitrum Orbit, has seen high trading volumes in meme and tokenized stocks over the past two months, with on-chain transaction fees at one point surpassing those of Ethereum, Solana, and Base; however, daily bridging funds have now turned into a net outflow. Arbitrum, Base, and Polygon all turned red, with the four major Layer 2s (including Robinhood) experiencing a total net outflow of approximately $69.55 million. The perpetual contract public chain Hyperliquid had a net outflow of $18.34 million, nearly on par with Arbitrum. The new chain for stablecoin settlements is also bleeding: Tether's Plasma saw an outflow of $13.27 million, while Tempo, incubated by Stripe, and Stable from the Tether ecosystem experienced outflows of $3.45 million and $2.99 million, respectively.

According to Coinglass data, Binance had a net outflow of 331 million USDT in the past 24 hours.

According to Coinglass data, Binance had a net outflow of 49.0617 million USDT in the past hour.

CryptoQuant analyst Axel Adler Jr. pointed out that the 30-day average net flow of stablecoins turned positive for the first time on September 1 (+$13.85 million), ending a continuous net outflow of 113 days since May 11. However, this reading subsequently dropped to $11.66 million and $6.85 million over the next two days, a decrease of about 51%, indicating that positive momentum is weakening.Meanwhile, the stablecoin supply ratio has retreated from its peak on August 26, and three oscillation indicators remain above zero, suggesting a recovery in relative purchasing power but still below recent norms. Analysts state that the current signals are better interpreted as the end of the net outflow state rather than confirming sustained inflows. The net flow of stablecoins is no longer clearly negative, and the SSR (stablecoin supply ratio) has retreated from recent highs, but neither indicator has confirmed a continued expansion of liquidity.A comprehensive liquidity reversal requires sustained positive net flows from exchanges and an expansion of those flows, while the SSR oscillation indicators continue to decline into neutral territory. Currently, only the first phase transition from outflow to a more balanced state has been completed, with the main risk being a return to negative net flows.

CryptoQuant analyst Darkfost stated that in August, Binance recorded over $1 billion in net inflows of stablecoins, with a slight recovery in liquidity. However, since the beginning of the year, Binance has seen a net outflow of approximately $5.1 billion in stablecoins, accounting for 71% of the total stablecoin flow across the network, while major exchanges have experienced a total outflow of over $16 billion in stablecoin reserves during the same period.He pointed out that the continuous outflow of stablecoins from exchanges indicates that liquidity is leaving the crypto market rather than idle funds waiting to be redeployed. The ongoing weak demand has led to a decline in stablecoin reserves on exchanges. Despite facing ongoing capital outflows, Bitcoin still achieved an increase of about 25% in August, reaching over $75,000. However, if demand does not continue to recover, BTC may enter another adjustment phase.

According to SoSoValue data, yesterday (Eastern Time September 2) the total net outflow of Ethereum spot ETFs was $48.0764 million. The Ethereum spot ETF with the highest single-day net inflow yesterday was Blackrock Staked ETH ETF ETHB, with a single-day net inflow of $52.9147 million, and the historical total net inflow of ETHB has reached $758 million.The second was 21Shares ETF TETH, with a single-day net inflow of $2.0267 million, and the historical total net inflow of TETH has reached $22.8026 million. The Ethereum spot ETF with the highest single-day net outflow yesterday was Blackrock ETF ETHA, with a single-day net outflow of $53.3529 million, and the historical total net inflow of ETHA has reached $12.744 billion.As of the time of writing, the total net asset value of Ethereum spot ETFs is $14.995 billion, and the ETF net asset ratio (the market value as a percentage of Ethereum's total market value) is 5.13%, with a historical cumulative net inflow of $13.025 billion.

According to SoSoValue data, yesterday (Eastern Time September 2) the SOL spot ETF had a total net outflow of $6.1318 million. Only the Bitwise Solana Staking ETF (BSOL) had a net outflow yesterday, with a single-day net outflow of $6.1318 million, and the historical total net inflow has reached $1.022 billion.As of the time of writing, the total net asset value of the SOL spot ETF is $1.376 billion, with a SOL net asset ratio of 2.36%, and the historical cumulative net inflow has reached $1.345 billion.

According to SoSoValue data, yesterday (Eastern Time September 2) the XRP spot ETF had a total net outflow of $7.2028 million.Yesterday, only the Bitwise XRP ETF (XRP) experienced a net outflow, with a single-day net outflow of $7.2028 million. The historical total net inflow currently stands at $596 million. As of the time of writing, the total net asset value of the XRP spot ETF is $1.415 billion, with an XRP net asset ratio of 1.67%. The historical cumulative net inflow has reached $1.676 billion.

According to SoSoValue data, the total net outflow of Bitcoin spot ETFs is $236 million. The Bitcoin spot ETF with the highest net inflow in a single day is Bitwise ETF BITB, with a single-day net inflow of $8.3832 million. Currently, BITB's historical total net inflow has reached $2.087 billion.The Bitcoin spot ETF with the highest net outflow in a single day is Blackrock ETF IBIT, with a single-day net outflow of $201 million. Currently, IBIT's historical total net inflow has reached $63.37 billion. As of the time of publication, the total net asset value of Bitcoin spot ETFs is $97.121 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.25%. The historical cumulative net inflow has reached $54.611 billion.

Greeks.live researcher Adam stated: "I see some people discussing the Strategy to restart buying coins. This short-term stimulus does not affect the long-term trend, and the Strategy is also a big trap. BTC now has no possibility of market manipulation, and no one can predict the trend. It can only be said that after the Strategy has floating profits, there is more room to buy coins. Looking at the long term, the overall ETF is still flowing out, and it is very difficult to stabilize at $80,000, with significant selling pressure.On the macro front, whether it is the Federal Reserve's hawkish remarks or the escalation of the US-Iran conflict, both are challenging the already fragile investors. The short-term volatility is decreasing rapidly, and it is difficult to support a bull market with just one bullish candle. I hope that after a slight correction, it can reach above $85,000; otherwise, arbitrageurs and sellers will create significant selling pressure. The Gex at the end of the month is gathering, and we need to maintain this momentum."

The Independent Community Bankers of America (ICBA), representing about 5,000 community banks in the United States, is opposing the Clarity for Digital Assets Act (CLARITY Act). ICBA Chair and CEO Rebeca Romero Rainey stated that the "loopholes" related to stablecoin rewards must be completely closed, with no compromise solutions. The ICBA claims that stablecoins could lead to $1.3 trillion in deposits leaving the banking system and reduce local lending by $850 billion.The association has prompted Republican Senators Josh Hawley and Jerry Moran to oppose the current version of the bill. Rebeca Romero Rainey indicated that there are no signs that cryptocurrencies will replace these deposits and reinvest them into local communities. She also criticized the report titled "Impact of the Stablecoin Yield Ban on Bank Lending" released by the White House Council of Economic Advisers (CEA) for downplaying banks' concerns about deposit outflows. The Senate plans to vote on the CLARITY Act on September 15; if it cannot secure support from at least 60 senators, the bill will not proceed to further consideration and may halt progress for the foreseeable future.

According to SoSoValue data, yesterday (Eastern Time August 28), the total net outflow of Bitcoin spot ETFs was $202 million. The Bitcoin spot ETF with the highest net inflow yesterday was the Morgan Stanley ETF MSBT, with a net inflow of $9.3385 million. Currently, the historical total net inflow of MSBT has reached $490 million.The Bitcoin spot ETF with the highest net outflow yesterday was the Ark Invest and 21Shares ETF ARKB, with a net outflow of $115 million. Currently, the historical total net inflow of ARKB has reached $1.319 billion. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $97.593 billion, and the ETF net asset ratio (the market value compared to the total market value of Bitcoin) is 6.28%. The historical cumulative net inflow has reached $54.631 billion.

According to Coinglass data, Binance had a net outflow of 30,387,500 USDT in the past hour.