Golden Finance reports that David Duong, head of institutional research at Coinbase, tweeted that the Jackson Hole meeting and Producer Price Index (PPI) data are merely excuses for market participants to reduce risk ahead of the U.S. Treasury's upcoming large-scale general account (TGA) fund withdrawal of approximately $400 billion in the coming weeks. This also explains why Bitcoin has lost upward momentum along with many stocks. However, we believe that the outlook for September looks much clearer.