Bitcoin is trading at $62,800, down 1.4% on the day, trapped in a two-week consolidation phase. Macro investor Jordi Visser argues that US yen intervention signals federal fiscal strain, which typically leads to money printing, and sees bitcoin as the ideal vehicle to capture that scenario. Bitcoin ETF outflows reached roughly $385 million last week, while early August inflows had totaled $1.1 billion. Key technical levels to watch include support between $61,800 and $64,500, with $67,000 as the threshold for a potential bullish breakout toward $71,200-$73,200.
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