According to external sources, as of the week of 14 August, there was a net outflow of about $390 million from the spot in Bitcoin ETF, which was a marked reversal of the net inflow of about $853 million the previous week. The report links this round of withdrawals to oil prices upwards and tensions in the Strait of Hormuz, suggesting that the agency is downgraded to high volatility.

Despite the expansion of financial outflows, Bitcoin was not clearly lost and prices remained close to $6.35 million. According to the article, this is more like a rhythmic reduction than a concentrated sale.

ETF funds shift to price resilience

According to this review, this is the largest single-week outflow of bitcoin cash ETF since early July. The weakening of the financial landscape has not been accompanied by a sharp fall in the market, which suggests that the sale is still relatively manageable.

It is mentioned that the core of the institutional concern is not just the encrypted market itself, but rather that energy prices may push up inflation expectations, thus affecting the Fed ' s subsequent interest rate path. If interest rates are maintained at a high level, risk assets usually face greater pressure.

The whale holds a silo at the same time.

The data on the chain also show that the address of the large currency is shrinking simultaneously. Glassnode data show that the number of wallets holding more than 1,000 BTCs rose to approximately 1,963 heights on 31 July and continued to fall in August.

According to the article, the 30-day trend for this group was turned into a net negative on or about 10 August, with time approaching high crude oil prices. According to this, giant whales were reduced first and ETF funds were subsequently released to follow up, reflecting the transfer of macro-risks to the Bitcoin market.

  • As of the week of August 14, ETF net outflow was about $390 million
  • Net inflows of similar products were about $853 million the previous week.
  • BTC prices remain around $63,500.

Will geo-shocks grow and fall?

The article recalls that bitcoin used to fall and repair in the past during geo-conflicts. After the Russian-Uu conflict in 2022, Bitcoin fell by about 9 per cent in two days and rebounded about 15 per cent in the following weeks. At a time when the situation in Iraq was warming in June 2025, Bitcoin fell by about 4 per cent and was rehabilitated after the ceasefire.

Based on this historical expression, the article gives two possible paths: If the situation in the Gulf is eased, or if the whale and ETF re-flows, the near-term fall may be gradually repaired, and if the flow of funds continues in August, and large currency holders continue to fall, the market may be further explored and stabilized.

Overall, the article judged that the current pressure on bitcoin came more from oil prices, inflation expectations and the interest rate environment than from a single encryption industry event.