Bitcoin is still hovering around $76K after a tough two-day stretch.
The Fed raised rates by 25 bps to 3.75%–4.00%, the dollar strengthened, and U.S. spot Bitcoin ETFs recorded $450.4M in net outflows on Sept. 15 and another $295.9M on Sept. 16 — about $746M across two sessions.
Yet BTC still hasn’t broken into another sharp move lower.
That does not prove demand is strong. It suggests something narrower: the market is absorbing tighter macro conditions and weak ETF flows better than many would expect.
The next real test is ETF flows. If they stabilize while BTC holds this range, selling pressure may be easing. If outflows continue and price slips, this resilience was only temporary.
For now, price and flows are telling different stories.
$BTC
The Fed raised rates by 25 bps to 3.75%–4.00%, the dollar strengthened, and U.S. spot Bitcoin ETFs recorded $450.4M in net outflows on Sept. 15 and another $295.9M on Sept. 16 — about $746M across two sessions.
Yet BTC still hasn’t broken into another sharp move lower.
That does not prove demand is strong. It suggests something narrower: the market is absorbing tighter macro conditions and weak ETF flows better than many would expect.
The next real test is ETF flows. If they stabilize while BTC holds this range, selling pressure may be easing. If outflows continue and price slips, this resilience was only temporary.
For now, price and flows are telling different stories.
$BTC
