Bitcoin ETF demand plunges 96% amid macro pressure; traders eye $90K rally ahead of key labor data.
Bitcoin ETF inflows have dropped sharply from nearly $1 billion to just $31 million daily, signaling a 96% decline in institutional demand amid macroeconomic pressures. Short-term holders have moved around 45,000 BTC to exchanges, increasing potential sell-side supply and risking Bitcoin's recovery. Despite this, some traders are optimistic, betting on a rally to $90K and above, contingent on the U.S. labor report due October 2, which will influence Federal Reserve rate decisions and market direction. The labor data could either support a rate pause, boosting Bitcoin, or trigger renewed rate hike fears, pressuring prices further.
Bitcoin ETF inflows have dropped sharply from nearly $1 billion to just $31 million daily, signaling a 96% decline in institutional demand amid macroeconomic pressures. Short-term holders have moved around 45,000 BTC to exchanges, increasing potential sell-side supply and risking Bitcoin's recovery. Despite this, some traders are optimistic, betting on a rally to $90K and above, contingent on the U.S. labor report due October 2, which will influence Federal Reserve rate decisions and market direction. The labor data could either support a rate pause, boosting Bitcoin, or trigger renewed rate hike fears, pressuring prices further.
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