Bitcoin spot ETFs post second consecutive day of net outflows ($125.4M on Aug. 13) as BTC hovers near $63.5–64K amid institutional caution.
Macro & Markets ·
Bitcoin spot exchange-traded funds recorded their second consecutive day of net outflows, with $125.4 million flowing out on August 13 following $61.1 million in outflows the prior day, while ether ETFs posted modest inflows of $6.5 million. Bitcoin traded near $63.5–64K despite a cooling July Producer Price Index that supported broader equity markets, signaling institutional hesitation even as macroeconomic data favored risk assets.
The outflows occurred amid mixed signals from Federal Reserve officials on interest-rate policy. While cooler inflation data reduced market expectations for rate hikes, Cleveland Federal Reserve Bank president Beth Hammack questioned whether recent progress toward the central bank's 2% inflation target would be sufficient. Onchain analytics suggested Bitcoin faced compression, with technical analysts flagging $61,000 as a level where accumulated long liquidations could trigger forced selling pressure.
Open questions include whether the two-day outflow pattern signals broader institutional disengagement or remains a temporary pullback, and whether near-term price action will respect or breach the $61,000 liquidation threshold that could accelerate downward movement.