
Bitcoin falls despite $1.1B ETF inflows on macro pressure
Bitcoin has fallen around 4%–5% despite more than $1.1 billion in inflows into US spot exchange-traded funds, underscoring the growing impact of macroeconomic pressures on crypto prices.
The decline followed a shift in interest rate expectations after the Federal Reserve signalled inflation would remain elevated, prompting traders to scale back bets on near-term rate cuts.
“What distinguishes this pullback from prior corrections is the continued flow of institutional money into U.S.-listed Bitcoin ETFs,”
Said BTC Markets analyst, Rachael Lucas.
US-listed Bitcoin ETFs recorded roughly $1.16 billion in inflows over seven consecutive sessions before seeing a $129 million outflow as prices weakened.
Bitcoin is trading near $71,200 after reaching around $75,600 earlier in the week, remaining modestly higher over the past month despite recent volatility.
Rising oil prices, with Brent crude surpassing $110 per barrel amid geopolitical tensions, have added to inflation concerns and weighed on broader risk assets including equities and crypto.
Key technical support around $70,000 is now in focus, with further downside risk if upcoming economic data reinforces expectations of a prolonged high interest rate environment.
At the time of reporting, Bitcoin price was $71,254.36.
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