Bitcoin Price Holds Steady, Momentum Gains on Solana

Cryptocurrency News

5 min read time

|Updated: 2026-08-13

Bitcoin Price Holds Steady, Momentum Gains on Solana

As of August 13, the crypto market is showing a measured response to the latest US inflation report, while short-term performance continues to diverge across major assets. Bitcoin is trading near $63,800, Ethereum around $1,625 and Solana close to $78, leaving investors focused on whether macro relief can translate into sustained capital demand.

Market Perspective: Softer Inflation, No Clear Risk-On Shift

US consumer prices increased 0.1% in July, while annual headline inflation eased from 3.5% to 3.4%. Core inflation, which excludes food and energy, slowed to 2.5% year over year. Both readings were broadly in line with market expectations.

The absence of an upside inflation surprise reduced the risk of an immediate macro shock. Inflation nevertheless remains above the Federal Reserve’s 2% target. At its July meeting, the Fed maintained its policy range at 3.50%–3.75%, with three policymakers preferring a quarter-point increase.

Bitcoin’s limited response indicates that one inflation report was not enough to establish a broader directional move. With immediate macro risk easing, attention is shifting toward ETF demand, liquidity conditions and relative performance across major crypto assets.

ETF Flows: Bitcoin Outflows, Modest Ethereum Inflows

US spot Bitcoin ETFs recorded $61.1 million in net outflows on August 12. Spot Ethereum ETFs attracted $7.4 million in net inflows, leaving combined daily flows negative by approximately $53.7 million.

Across the daily data from August 3 through August 12, combined Bitcoin and Ethereum ETF flows remained positive by approximately $902.2 million. The latest outflow therefore represents a partial reversal of the previous week’s demand rather than clear evidence of a structural change. Multiple consecutive outflow sessions would be needed to materially weaken the institutional-demand picture.

Inflation Fails to Give Bitcoin a Clear Direction

The July CPI report removed the risk of a hotter-than-expected inflation print but did not provide Bitcoin with a strong upside catalyst. BTC remained close to the $64,000 area following the release, reflecting continued uncertainty around the Federal Reserve’s next decision.

Slower headline and core inflation may give policymakers more room to keep rates unchanged. However, with inflation still above target, the possibility of tighter policy has not disappeared entirely.

For Bitcoin, the more important question is whether disinflation continues over the coming months. Renewed price pressure could shift rate expectations in a more restrictive direction, while continued moderation may support the current market balance.

Gold Reacts, but Bitcoin’s Bottom Signal Remains Unconfirmed

Gold delivered a clearer positive response to the inflation data, while Bitcoin’s move remained limited. The divergence shows that markets continue to treat traditional defensive assets and crypto exposure differently during periods of macro uncertainty.

Bitcoin’s on-chain data is showing conditions that resemble parts of previous bottoming phases. Adjusted net unrealized profit and loss measures the aggregate paper gains and losses held across the network. Persistent losses among long-term holders have historically appeared during periods when selling pressure was approaching exhaustion.

The current structure, however, does not show the broad panic or financial exhaustion associated with the most severe historical capitulation events. The indicator should therefore not be interpreted as confirmation that a market bottom has been completed.

The growth of spot ETFs may also allow the current cycle to develop differently from previous ones by creating an additional channel capable of absorbing supply. Bitcoin could establish a higher low without a final panic-driven decline, while deeper long-term-holder losses would revive the more traditional capitulation scenario.

Solana Leads the Short-Term Rotation

GSR’s weekly Core3 model portfolio increased Solana’s allocation to approximately 43.6%. Ethereum was reduced to 39.5%, while Bitcoin held the model’s smallest allocation at 16.9%.

The change was driven by recent relative performance. Solana gained 2.98% over the previous week, while Bitcoin declined 1.02% and Ethereum fell 0.20%. The model emphasizes recent momentum and relative-strength signals rather than long-term valuation.

Core3 is a signal-based model portfolio rather than a fund holding client assets, and its published weights are not investment recommendations. The strategy has also declined 35.58% year to date, compared with a 32.22% decline for an equal-weighted basket of the same three assets. This shows that active momentum shifts can introduce additional risk without consistently producing excess returns.

Solana’s larger allocation should therefore be viewed as evidence of a near-term rotation rather than confirmation of long-term market leadership.

CoinTR Insight

Today’s developments show that improving macro data does not support every crypto asset equally. Bitcoin remained stable but lacked a decisive directional move, ETF flows were mixed and short-term relative strength shifted toward Solana.

In selective conditions like these, liquidity and disciplined execution become increasingly important. CoinTR’s deep liquidity and established USDT/TRY trading flow can help users remain flexible and manage fast-moving price levels through more gradual execution.

Forward-Looking Takeaway

Inflation trajectory: Upcoming employment and inflation reports will show whether July’s moderation is sustainable. Renewed price pressure could revive expectations for tighter monetary policy.
ETF demand: Consecutive Bitcoin ETF outflows would weaken the institutional-demand outlook. A return to positive flows would suggest that the August 12 move was a short-term repositioning event.
Bitcoin’s bottoming process: The market will watch whether long-term-holder losses deepen or stabilize as new demand absorbs available supply. On-chain indicators should be assessed alongside ETF flows and broader liquidity conditions.
Solana momentum: Continued relative strength could support the current rotation. Weaker volume or renewed performance from Bitcoin and Ethereum could quickly alter the model’s next allocation.

2026-08-13

Legal Notice

The information, comments, and evaluations contained in this content do not constitute investment advice. This content is not intended to be prescriptive in any way and is intended to provide general information. It does not constitute investment advice. CoinTR cannot be held responsible for any transactions made based on this information or any losses that may arise.

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