COINOTAG News (Aug. 21) cites Bloomberg reporting that digital assets softened as market participants adopted a risk-off posture ahead of Fed Chair Jerome Powell‘s scheduled remarks at the Jackson Hole symposium, prompting reduced speculative exposure and compressed intraday liquidity across crypto markets.

Meanwhile, U.S. Bitcoin and Ethereum spot ETFs registered outflows for a fourth consecutive session, with cumulative net withdrawals of $1.9 billion, signaling institutional repositioning and short-term deleveraging rather than structural demand shifts, according to reported flow data.