According to SoSoValue data, spot bitcoin ETFs recorded $277 million in net outflows on Thursday, ending a five-day inflow streak that had accumulated $1.69 billion. Spot ether ETFs posted $104 million in outflows the same day, with none of the 10 funds recording net inflows. Bitcoin traded below $80,000 on Friday amid the reversal.
The outflow coincided with renewed tensions over the Iran-U.S. ceasefire, with prediction markets pricing a 97% probability of no Hormuz normalization by May 15. Iranian officials accused Washington of violating agreed terms, and reports of fresh strikes near the Strait of Hormuz sent crude oil higher. Meanwhile, the U.S. economy added 115,000 jobs in April, nearly double the consensus forecast of 62,000, with unemployment holding at 4.3%. However, perpetual swap markets are pricing more than 50% probability of a Fed rate hike by April 2027, reflecting hawkish macro repricing despite the strong employment data.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Bulls Defend $79,200 as $28.3M in Long Liquidations Resets Risk
Despite a surge in traditional equities and heightened military tensions in the Middle East, bitcoin remained stagnant over the last 24 hours, trading sideways near the $80,000 mark.
Key Takeaways:
Bitcoin ended the week flat at $80,200 as markets largely ignored U.S.-Iran military
Coinpedia54m ago
Swiss Bitcoin Initiative Fails With 50,000 Signatures, Needs 100,000 for Referendum
Switzerland's Bitcoin Initiative campaign has failed to secure enough signatures for a national referendum on adding Bitcoin to the Swiss National Bank's official reserves. Organizers collected approximately 50,000 signatures with only weeks remaining before the deadline, falling short of the 100,00
GateNews1h ago
Trump Bitcoin Reserve Update Nears Senate Push, Says White House Crypto Advisor
White House audits federal crypto holdings after order halting bitcoin sales and creating reserve structures.
Administration reviews custody weaknesses while agencies separate forfeited assets from ongoing legal cases.
Congress considers legislation to formalize the Strategic Bitcoin
CryptoFrontNews4h ago
TeraWulf's Q1 HPC Revenue Surpasses Bitcoin Mining Income for First Time
According to TeraWulf's Q1 earnings report cited by ChainCatcher, the bitcoin miner's high-performance computing (HPC) rental revenue reached $21 million, surpassing bitcoin mining revenue of under $13 million for the first time. The company reported total Q1 revenue of $34 million, flat year-over-y
GateNews4h ago
Bitcoin Outperforms Gold by 36% During Iran Tensions, BTC/Gold Ratio Surges
According to PANews, Bitcoin has significantly outperformed gold since Iran tensions escalated on May 8, with the BTC/Gold ratio climbing approximately 35 to 36 percent.
GateNews4h ago
