Spot Bitcoin exchange-traded products had seen inflows through early August. After the CPI bounce, flows reversed into outflows. That pattern signals institutional liquidation on the rally, not sustained buying.
Bitcoin slipped to approximately $62,800 by August 15, extending a pullback from early-month highs near $65,000. Weekly weakness into a lower-liquidity weekend session amplifies the technical risk.
Bitcoin tested support at $60,000 earlier in 2026 and bounced. If price retest that level on spot-led selling, hold matters. A break below $60,000 on increasing volume would signal deeper weakness ahead.
Watch Bitcoin spot trading volume on major exchanges over the next few days. If volume contracts further on dips, buyers are absent. If volume expands near support, institutional re-entry may be building the base for a recovery.
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