Spot Bitcoin ETFs Snap 9-Day Inflow Streak With $263.2M Outflow Ahead of FOMC
ChainCatcher reports that Bitcoin slipped below $77,000 as U.S. spot Bitcoin ETFs posted a net outflow of $263.2 million, ending a nine-day run of net inflows. The shift comes just ahead of this week's Federal Reserve FOMC meeting, injecting caution into an April rebound that has otherwise held up well.
Bitcoin fell on the day but is still up about 15% over the past month, after briefly touching $79,000 in April. The break in ETF inflow momentum is drawing attention as it lands during a macro-heavy week, with markets weighing the Fed's policy outlook, fresh inflation worries, GDP data, earnings from major tech firms, and additional rate decisions from central banks across Europe and Asia.
Timothy Misir, BRN's Head of Research, said crypto entered the week with supportive momentum, but competing forces make it hard to frame the move as a straightforward risk-on rally. He added that investors appear to be showing "war fatigue" over the Middle East, while central banks are balancing supply-driven inflation against weakening confidence and uneven data.
Glassnode echoed the mixed backdrop in its latest Weekly Pulse report, describing Bitcoin as sitting at the intersection of "bullish momentum, cautious sentiment, and consolidation." It said solid buying pressure is being offset by softer speculative participation and lower trading activity.
QCP Capital noted that April still delivered a meaningful rebound and said the broader outlook remains constructive. The firm highlighted $82,000 as a key level, with a nearby CME gap seen as the next major test.
Andy Baehr, Managing Director of Asset Management at GSR, said prices are "gradually moving higher," while $80,000 remains an important psychological threshold.