BTC rebounded with US stocks, and the outflow of 390 million ETF made bulls cautious

According to Woofun AI, although Bitcoin (BTC) and the US stock market showed a simultaneous rebound trend, the withdrawal of huge sums of money made the market cautious in bullish sentiment.

Bitcoin's price held steady at the $63,000 mark on Monday, recording a 0.8% increase since midnight UTC, partially repairing last week's decline. In the absence of independent drivers, this trend closely followed the pace of the US stock market. NASDAQ 100 futures rose 0.5%, hitting a high since July 2.

There was significant differentiation in terms of funding. According to data compiled by Woofun AI, spot exchange-traded funds experienced a net outflow of US$390 million last week, setting a record for the largest outflow in three days since the end of July. It is also the largest weekly divestment of US spot Bitcoin products within six weeks. In contrast, Ethereum-related ETFs had lackluster capital flows, while SOL-related ETFs bucked the trend and recorded their best weekly inflow performance since mid-May. At the macro level, the outlook for the Clarity Act is bleak, and Alex Thorne, head of research at Galaxy Research, lowered the 2026 legislative probability to 10% on August 14, below the forecast market's 17% forecast. Although the US Senate is scheduled to hold a final vote after adjourning on September 15, variables remain.

Market observers generally expect further delays in voting on the bill. Uncertainty in the legislative process continues to suppress risk appetite, making it difficult for short-term price rebounds to turn into trending bullish signals. Investors need to be wary of the risk of fluctuations during the policy vacuum period.