Bitcoin Trades Near $65,000 Ahead of FOMC Amid ETF Outflows and Geopolitical Concerns
CryptoQuant said whale BTC inflows to Binance fell 44% since June as traders await a Federal Reserve rate decision and inflation data.
- On Tuesday, Bitcoin fell 2.3% to $63,414, its lowest level in 11 days, as investors braced for the Federal Open Market Committee meeting on Wednesday, July 29, chaired by Kevin Warsh.
- Geopolitical tensions and persistent inflation have reshaped Federal Reserve policy expectations, pushing the US 2-year Treasury yield to 4.3% last week and raising the probability of rate hikes.
- According to contributor Amr Taha, BTC inflows from whales to Binance dropped up to 44% since June 12, while retail inflows fell 22%, creating a $3.9 billion gap between cohorts.
- US-Listed Bitcoin exchange-traded funds saw more than $465 million in outflows on July 23 and 24, while Caroline Mauron, co-founder of Orbit Markets, cited rising Fed hike probabilities and macro credit risks.
- Markets will watch the Personal Consumption Expenditures index on Thursday following June's three-year high print, as continued price compression may force major volatility in Bitcoin positioning.
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20 Articles
The bitcoin (BTC) operates in fall on Tuesday (28), pressured by caution before the Federal Reserve (Fed) interest decision tomorrow. The retreat occurs even after the fall of the oil price, which relieved part of the inflation concerns after the pause in the attacks between the United States and Iran. At around 11:10 a.m., the bitcoin was traded at $63,200.42, with a fall of 3.1% in the last 24 hours, according to CoinGecko data. In reality, th…
Bitcoin July Fed Hike Odds Collapse After CPI Undershoot
Bitcoin July Fed hike odds crumbled on 14 July after June CPI data printed well below consensus, sending BTC to an intraday high of $64,830 before settling near $64,560 at press time. The macro print flipped the rate narrative faster than most positioning anticipated. The CPI print that moved the odds According to the BLS CPI June 2026 press release, headline CPI slowed to 3.5% year over year in June, against economist forecasts of 3.8%. The mon…
The Economic Times
Times of IndiaBitcoin trades near $65,000 ahead of FOMC amid ETF outflows and geopolitical concerns
Bitcoin hovered near $65,000 on Monday ahead of the FOMC meeting. US spot Bitcoin ETFs experienced net outflows, limiting upward momentum for the cryptocurrency. Broader macroeconomic uncertainty and geopolitical tensions also contributed to investor caution. The global crypto market capitalization saw a slight increase to $2.24 trillion. Market sentiment remains under fear despite a slight improvement in the fear and greed index.
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