#OFRFlow 🥃 | Aug 4-8 BTC/ETH stayed in tight ranges, but ETF inflows kept the floor steady. Macro was muted, while CEXs accelerated - building license-ready alliances, expanding into new markets, and dealing with tighter regulatory oversight. Here’s our weekly take:

1/ 📊 $BTC: Steady in the Range • Traded ~$113K-116K, holding support despite low volatility • ETF flows muted vs. July highs, but on-chain still shows steady whale bids at $114K support • Macro: US CPI next week flagged as potential catalyst

2/ 🧲 $ETH: ETF Back in the Game • Finally broke above $3.9K after trading in the ~$3.4K–$3.6K range earlier this week • ETF inflows picked up mid-week, led by @BlackRock’s ETHA and @Fidelity spiking allocations • ETH betas (UNI, PENDLE, PEPE) lagged — market still chasing core ETH exposure over satellites

3/ 🌏 CEX Moves & Regulatory Heat • Strategic License Plays: @Tether_to took a minority stake in MiCA-approved 🇪🇸 @bit2me; @MEXC_Global became a shareholder in 🇮🇩 @TrivExchange • Philippines SEC flagged 10 major offshore CEXs operating without VASP licenses - pushing users toward licensed local players like @coinsph • Market Entry: @Gate_io launched US spot trading; @Bullish filed for a NYSE IPO at $4.23B val.

4/ 🧠 OFR Take • $BTC: Sideways but supported — whale bids holding $114K while macro sets up for potential Q3 breakout • $ETH: ETF flows re-accelerating; $3.9K reclaim is a key psychological shift • Global CEXs blending expansion with compliance moves to lock market share ahead of rule changes NFA — just how we see the market this week. Follow @ofrfund for more #OFRFlow