Bitcoin was struggling to hold its June range floor after about $390 million left US spot Bitcoin ETFs, funds that hold Bitcoin directly, between August 10 and 14, the largest weekly redemption since early July, in a market Wintermute said was failing to rally on supportive macro data. July CPI rose 0.1% month-on-month, pushing September rate-hike odds down from roughly even to about one-in-three, yet BTC still sat at the bottom of the move, down 3.12%, and was trading around $64,000, up 1.2% over 24 hours but down nearly 1% over 30 days and 49% below its October 2025 all-time high. Wintermute said ETF redemptions, miner selling by Riot Platforms and oil-driven inflation risks were weakening the case that selling pressure had been exhausted, even as Jane Street disclosed more than $1 billion in US spot Bitcoin ETF holdings that did not reflect its full derivatives exposure.