Bitcoin ETF outflows hit $263M, ending nine-day inflow streak before FOMC meeting
Bitcoin ETF outflows totaled $263 million, ending a nine-day streak of inflows ahead of the FOMC meeting, as market sentiment turned cautious. Bitcoin's price fell below $77,000, with slim odds of reaching $86,000 by April 30. Prediction markets show low trading volume and high sensitivity to large trades, indicating fragility in near-term price expectations. Traders are closely watching macroeconomic signals, particularly potential interest rate changes, which could influence institutional positioning and market direction.
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Bitcoin ETF outflows reached $263 million, ending a nine-day inflow streak just before the FOMC meeting. Bitcoin’s price is now below $77,000, and the odds of Bitcoin surpassing $86,000 by April 30 sit at 0.2% YES, down from 1% just a day ago. The Bitcoin price on April 30 market has shifted sharply with only two days to go. The market has a face value of $5,189 daily, but actual trading reached only $127 in USDC over the last 24 hours. A mere $242 can move this market by 5 percentage points, meaning a single large trade could cause a significant swing. The Bitcoin all-time high by June 30 market has odds at 2.9% YES. That market is slightly more active with $901 actual USDC traded daily, but still thin.
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