Bitcoin ETF outflows hit $263M, ending nine-day inflow streak before FOMC meeting

Bybit
Binance


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. The term structure shows a 7-point increase in odds from June to September, suggesting traders see a better chance of recovery in the latter half of the year.

The outflows point to a cautious market ahead of the FOMC meeting. Traders are wary of macroeconomic factors, particularly potential interest rate changes, and confidence across Bitcoin-related markets has dropped accordingly. At 0.2¢, a YES share on Bitcoin exceeding $86,000 by April 30 offers a 500x return, but that’s a lottery ticket, not an investment strategy.

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Watch for FOMC announcements, as any unexpected moves in interest rates could shift Bitcoin’s price. ETF inflow and outflow data will also signal whether institutional positioning is changing.

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