BlockBeats News, August 29th, BitDeer Mining Pool (B.TOP) founder Jiang Zhuo'er stated in a post that on Friday, the Bitcoin ETF saw a net outflow, ending a continuous inflow for 9 days. In terms of news, Fed Chair Powell turned hawkish, and as a result, BTC will face its first test since the uptrend.

Jiang Zhuo'er also confirmed that he had sold 50% of his ETH spot position during Friday's downturn.