CoinVoice latest reports that, according to Jin10, digital assets are under pressure as traders await Powell's highly anticipated speech on Friday. Data shows that US spot Bitcoin and Ethereum ETFs have seen outflows for four consecutive trading days, with investors withdrawing a total of 1.9 billion dollars. Options trading activity indicates that investors are shifting to defensive positions, with the put/call ratio for contracts expiring on August 22 rising to 1.33, at which time 3.8 billion dollars worth of Bitcoin options will expire. Concerns about a short-term retração in the market are intensifying.
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CoinVoice latest reports that, according to Jin10, digital assets are under pressure as traders await Powell's highly anticipated speech on Friday. Data shows that US spot Bitcoin and Ethereum ETFs have seen outflows for four consecutive trading days, with investors withdrawing a total of 1.9 billion dollars. Options trading activity indicates that investors are shifting to defensive positions, with the put/call ratio for contracts expiring on August 22 rising to 1.33, at which time 3.8 billion dollars worth of Bitcoin options will expire. Concerns about a short-term retração in the market are intensifying.