CoinEx Daily: Bitcoin Volatility Rises as ETFs See Major Outflows amid Return of Macro Uncertainty

Daily View

Bitcoin faces heightened volatility and renewed downside risk as spot ETFs in the US record significant net outflows, with $642.9 million pulled in a single week. At the same time, macro uncertainty is mounting—US stock markets are expected to enter a more turbulent period after a prolonged rally above technical averages, while stronger odds for a September Fed rate cut emerge amid surprising labor market data. These forces contribute to a cautiously bearish and defensive sentiment across crypto markets.