#BTC# Source: Talk Li Talk Outside

Last week, due to disappointing U.S. non-farm data (not only was the new employment figure for July lower than expected, but the data for May and June was also significantly revised downward), the U.S. announced a new round of import tariffs (the new tariffs will officially take effect on August 7, with rates for some countries reaching as high as 50%), coupled with geopolitical shocks (last week, Trump made threatening remarks regarding Russia's nuclear submarines during an interview), the crypto market (including the stock market) experienced a new phase of volatility, with BTC dropping from $120,000 to around $112,000, and ETH falling from $3,900 to around $3,300.
In terms of spot ETF inflows and outflows, the BTC ETF experienced net outflows last week after maintaining seven weeks of net inflows, with net outflows reaching $643 million. As