0254 GMT - Bitcoin falls in early Asian trading. The cryptocurrency remains stuck in a narrow range as low volatility, weak trading activity and limited liquidity point to a late-stage bear market, Bitfinex analysts say. Demand remains weak, with U.S. spot ETFs seeing about $385 million in weekly net outflows, corporate buying still negative and spot trading volumes falling to multi-year lows. However, the macro backdrop has become more supportive. Softer U.S. inflation data in July has reduced expectations for further Fed rate hikes and pushed short-term Treasury yields lower. Investors are now watching whether easier monetary conditions will translate into actual crypto inflows. A sustained return of ETF inflows and stablecoin supply expansion could the catalyst for bitcoin to break its range. Bitcoin is 0.3% lower at $64,361.00.