Recently, the Bitcoin ETF market has seen a noteworthy turning point. After experiencing continuous inflows of funds, there was a phenomenon of outflows for the first time yesterday, which may indicate that some investors are starting to choose to take profits.

Given that the price of Bitcoin has experienced a period of increase, the market may show signs of overheating in the short term. Therefore, investors should remain vigilant and consider adopting capital preservation strategies to manage risk.

Market analysts indicate that Bitcoin may experience a phase correction. It is expected that an important support level may emerge in the range of 113 to 114 dollars, which could attract some investors to re-enter the market.

However, there are several important economic events worth following in the coming month. The interest rate cut meeting scheduled for the end of the month, as well as the tariff issues that may arise in early August, could significantly impact the market. These uncertainties may lead some cautious investors to temporarily withdraw from the market.

Overall, although the initial outflow of funds from the Bitcoin ETF has attracted the market's attention, it may also create opportunities for investors looking for entry points. However, given the current market uncertainty, investors should remain cautious when making decisions.