$78,000 in the 24 hours following the Federal Open Market Committee decision on Wednesday, where three consecutive sessions of outflows from Bitcoin exchange-traded funds totaling over $490 million indicated that institutional investors are stopping their increased exposure rather than increasing their exposure amid deepening uncertainty about the Federal Reserve's stance.


Bitcoin ETF products recorded net outflows of $137.77 million on April 29, ending a nine-day streak of $2.1 billion in inflows, as each active issuer recorded negative flows for the first time in this series—including IBIT with $54.73 million and FBTC with $36.13 million.
Glassnode data shows that Bitcoin is "trapped" below its true market value average at around $78,000 to $79,000, with perpetual futures reaching their lowest negative level ever—an environment involving downside risks from continued selling and upside potential from selling pressure if spot demand returns.
April closed with total net inflows into Bitcoin ETFs of $2.44 billion, a strong monthly reversal despite late-month outflow pressures, with XRP ETFs being the only product category to record positive flows on April 29 at $3.59 million.
Data from ETFs confirmed
XRP0.51%
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