📰 【Bitcoin ETF net inflows end after nine consecutive days, market turns cautious ahead of the Federal Reserve FOMC meeting.】

BlockBeats news, April 28th, Bitcoin fell below $77,000, and the US spot Bitcoin ETF recorded a net outflow of $263.2 million on April 27th, ending a nine-day streak of net inflows, just before this week’s Federal Reserve FOMC meeting, adding a note of caution to the resilient April rebound. Bitcoin declined today, but over the past month, it still rose about 15%, and in April, it once reached a high of $79,000. The significance of the ETF fund flow interruption lies in its timing right before a major macro week. The market is currently digesting Fed policies, a new round of inflation concerns, GDP data, and a series of large-scale...
$BTC The ETF institutions are also pretty timid, running faster than rabbits before the FOMC even starts. The end of nine days of net inflows, with a $260 million outflow, directly contradicts expectations. I’ve been saying these sheep are unreliable; true alpha players have already hedged on-chain. If the market really relies on ETF fund flows for interpretation, it’s better to play the junk bonds of traditional finance.

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