It was a waterfall of red, spilling down from the top of the cryptocurrency charts this week.

The price of Bitcoin rolled into the weekend at $59,297, according to CoinGecko data, after seeing a sudden drop on Friday. The dip comes after the massively successful spot Bitcoin ETFs also saw more investor cash leave than come in—the first outflows in nearly four months. Analysts tell Decrypt there are solid reasons to expect BTC to face sustained downward pressure in the weeks ahead.

As August draws to a close, BTC is hovering near 8% of losses for the month.