Bitcoin's $649M ETF Outflow Points to More Downside Ahead

The session carried a distinctly cautious tone. Equities pulled back from recent highs, with the S&P 500 and Dow both slipping as investors took a step back ahead of Wednesday's FOMC minutes release. The dollar found buyers throughout the day, pressured by inflation concerns and lingering uncertainty around Fed policy direction [1][2]. Fed Governor Waller spoke in Frankfurt but deliberately avoided any commentary on the current economy or future monetary policy [3][4], leaving markets to interpret the silence — which they did cautiously. The mood across rate-sensitive assets reflects growing discomfort with the idea that cuts are coming anytime soon. Technology…