Bitcoin Price Dips as US Inflation Data Disappoints, BTC ETFs Record First Two-Day Outflow of August

Bitcoin (BTC) experienced a price decline as the latest U.S. inflation report failed to trigger a bullish rally in the cryptocurrency market. The muted reaction to the economic data has coincided with a notable shift in institutional sentiment, as spot Bitcoin ETFs have registered their first consecutive two-day net outflow this month. This marks a potential turning point for BTC price action, with traders now closely monitoring whether the selling pressure will intensify or if the current level will attract dip-buyers. The inability of inflation news to spark gains suggests that the market may have already priced in the macroeconomic figures, leaving Bitcoin vulnerable to short-term bearish momentum.