The Real Reason Bitcoin Is Flat Despite the Simultaneous Rise of the Three Major New York Stock Markets

Summary

Hosts Seo Dong-ju and Kim Dong-hwan, with News1 reporter Park Hyun-young, analyze why Bitcoin is flat near $77,000 despite New York stock gains. They review Bitcoin and Ethereum ETF flows, derivatives positioning, token buybacks, Binance's traditional-finance push, and Korean digital-asset regulation. The discussion sees spot demand supporting Bitcoin but highlights technical resistance and event risks.

• New York stocks rose for four sessions on softer yields, ADP jobs weakness, and Trump's air-strike comments.
• Bitcoin held around $77,000 after recovering on Fed comments; August spot ETF inflows hit $3.5 billion.
• Open interest data signaled a shift from leveraged futures to spot buying, making the rally less explosive but healthier.
• Bitcoin technical resistance was seen at $80,000, with the 365-day moving average at $82,000-83,000 and possible downside around the high $60,000s.
• Ethereum spot ETFs logged twelve days of inflows and flipped cumulative flows positive, helped by staking ETF interest.
• The Clarity bill vote was framed as a major event for Ethereum and Solana, with failure posing a larger downside for Ethereum than Bitcoin.
• Hyperliquid and Pump.fun dominated token buybacks, creating a revenue-to-token-price buyback culture.
• Binance's expansion into traditional-finance derivatives and stock tokens may divert demand from Bitcoin.
• Korean policy changes could ease exchange shareholder restrictions and speed up Naver/Dunamu M&A.