U.S. spot Bitcoin ETFs recorded $88M in daily outflows as Treasury yields hit 4.52%, delaying Fed rate cut expectations.
U.S. spot Bitcoin ETFs posted a seven-day average net outflow of $88M per day, the steepest since mid-February, as institutional investors exited positions. The move coincides with Bitcoin struggling to hold above $80,000 amid rising macroeconomic pressures.
The 10-year Treasury yield climbed to 4.52%, its highest level in nearly 10 months, after April’s CPI rose 3.8% year-over-year—the fastest pace in three years. Analysts noted $77,000 as a critical support level, warning a break below could trigger further deleveraging.
Bitcoin traded at $80,350, up 0.8% over 24 hours, but failed to breach the $82,000 resistance zone, which aligns with the ETF cost basis and 200-day moving average.