Crypto Market Under Pressure as Investors Pull Out $1.9 Billion, Focus Shifts to Powell’s Speech

According to ChainCatcher, citing Jinshi News, digital assets are under pressure as traders await Powell’s highly anticipated speech on Friday. Data shows that U.S. spot Bitcoin and Ethereum ETFs have seen net outflows for four consecutive trading days, with investors withdrawing a total of $1.9 billion. Options trading activity indicates a shift toward defensive strategies, with the put/call ratio for contracts expiring on August 22 rising to 1.33. On that date, Bitcoin options worth $3.8 billion will expire. Market concerns over a short-term correction are intensifying.