According to SoSoValue data, Bitcoin spot ETFs recorded $277 million in net outflows on Thursday, snapping a five-day inflow streak totaling $1.69 billion, with BTC trading under $79,700 on Friday as of the April employment report. Spot ether ETFs posted $104 million in outflows the same day with no funds recording net inflows.
The U.S. economy added 115,000 jobs in April, nearly double the consensus forecast of 62,000, while unemployment held at 4.3%. However, the flow reversal coincided with renewed Iran-U.S. ceasefire tensions, with prediction markets pricing a 97% probability of no Hormuz normalization by May 15. Analysts noted the rally has been driven primarily by institutional buying and short liquidations rather than retail participation, leaving pullbacks toward the $75,000–$78,000 support zone possible without broader retail engagement.
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
Morgan Stanley's MSBT Adds 91.739 BTC This Morning, Total Holdings Reach 2,922 BTC
According to ChainCatcher, Morgan Stanley's spot Bitcoin ETF MSBT purchased 91.739 BTC worth $7.34 million this morning. The fund's total Bitcoin holdings have increased to 2,922 BTC, valued at $235 million.
GateNews3m ago
Gate Daily Report (May 9): BlackRock plans to launch a tokenized money market fund for “stablecoin holders”; Switzerland’s Bitcoin reserve plan failed
Bitcoin (BTC) saw a short-term rebound, trading around $80,250 as of May 9. BlackRock plans to launch two tokenized money market funds for stablecoin holders. Reuters reported that efforts to get the Swiss central bank to hold Bitcoin have failed; the Bitcoin advocacy campaign called on the Swiss central bank to include Bitcoin in reserves alongside the euro, the US dollar, and gold.
MarketWhisper1h ago
Revolut app chart malfunction triggers user confusion as Bitcoin price briefly “crashes”
Revolut, a fintech platform, confirmed on May 8 that there is a technical issue affecting some cryptocurrency functions. According to a statement on X from Revolut’s official support account, engineers are actively investigating the root cause. Previously, the Revolut app charts briefly showed Bitcoin down as low as $0.019916, and some users simultaneously received push notifications saying BTC had hit a 52-week low. After the incident lasted for several seconds, things returned to normal.
MarketWhisper1h ago
Bitcoin Likely Bottomed at $60K in February, Analyst Says, Citing Synchronized Bottom Signals
According to Cointelegraph, analyst Matthew Hyland believes Bitcoin bottomed around $60,000 in early February 2026, citing dozens of technical bottom signals that appeared simultaneously in Q1. Hyland argues that such signals only emerge at true market bottoms, not during mid-bear phases, making
GateNews2h ago
Bitcoin Holders Realize 14,600 BTC in Daily Profits on May 4, Highest Since December
According to CryptoQuant, Bitcoin holders realized 14,600 BTC in daily profits on May 4, the highest level since December 10, 2025. The move comes as Bitcoin has risen over 20% since the start of April to a three-month high, though CryptoQuant's head of research, Julio Moreno, characterizes the
GateNews3h ago
TeraWulf's HPC Revenue Hits $21M in Q1, Surpassing Bitcoin Mining for First Time
According to TeraWulf's Q1 2026 earnings report, the company's high-performance computing lease revenue reached $21 million, surpassing its digital asset revenue of just under $13 million. The milestone marks the first quarter in which HPC leasing meaningfully contributed to the company's
GateNews4h ago
