Bitcoin ETF Outflows Break 9-Day Streak at $76,555 Ahead of FOMC Meeting

Gate News message, April 28 — U.S. spot bitcoin exchange-traded funds recorded $263.2 million in net outflows on April 27, ending a nine-day inflow streak just as the market awaits this week’s Federal Open Market Committee meeting. Bitcoin fell back below $77,000, trading around $76,555 ahead of the U.S. market open, though it remains up approximately 15% for the month after reaching $79,000 earlier in April.

The break in ETF momentum arrives during a heavy macro week featuring fresh inflation data, GDP releases, megacap earnings, and central bank decisions across Europe and Asia. According to analysts at Glassnode, bitcoin shows “a mix of bullish momentum, cautious sentiment, and consolidation,” with spot cumulative volume delta up 199.1% signaling firm buy-side pressure, yet spot volume fell 13.8%, suggesting the rally is occurring with less speculative heat. QCP Capital noted that while the broader setup remains constructive, $82,000 remains the key level to watch, with a CME gap acting as the next real test. GSR’s Andy Baehr highlighted $80,000 as a critical psychological level, with options positioning creating an “electric fence” around that zone. Bitunix analysts flagged long-side liquidation risk rebuilding in the $76,000–$77,000 zone.

Longer-term sentiment remains supported by recent policy developments. Bernstein sees asymmetric upside and a structurally longer bull cycle for crypto, while White House crypto advisor Bo Hines hinted that a “big announcement” tied to President Trump’s strategic bitcoin reserve could come within weeks. Overall, bitcoin enters mid-week with competing signals: buying pressure remains intact, speculative froth is lower than before, and network health has improved, yet institutional flows have blinked and traders are increasingly playing for short-term liquidity rather than trend continuation.