Americas Crypto Daybook: Bitcoin ETF Inflows Reach $275M, Bearish Sentiment Wanes Ahead of FOMC Decision

By Omkar Godbole (All times ET unless specified otherwise) Bitcoin, priced at $86,817.46, hovered around its 200-day moving average of $84,000 after a prominent whale closed its multimillion-dollar short position in BTC. The market saw a boost from smaller coins like CAKE, TKX, OKB, and ATOM, which posted positive performances. The SUI token struggled to sustain Monday's 6% gain, triggered by asset managers' ETF filings with the SEC, highlighting growing institutional interest in the broader crypto space. Despite some analysts predicting the end of the bitcoin bull run and questioning the sustainability of the recent rebound, data suggested otherwise, indicating a decline in ETF-led selling pressure. On Monday, U.S.-based spot bitcoin ETFs saw an influx of $275 million in investor funds, following Friday's $41 million inflow. This marks the first back-to-back inflows since February 7, according to data from Farside Investors. "These figures support the notion that ETF-driven selling pressure is diminishing," said Valentin Fournier, an analyst at BRN. "If this trend persists, we may see inflows gain momentum, further bolstering bitcoin's price." The Federal Reserve's rate decision on Wednesday could introduce volatility into the crypto market, with a dovish statement potentially leading to increased risk-taking. "Post-FOMC, bitcoin is expected to trade within the $80,000 to $86,000 range with 80% confidence, while ethereum is projected to fluctuate between $1,800 and $2,100 under the same confidence level," according to Ryan Lee, chief analyst at Bitget Research. "These ranges reflect potential movements tied to macroeconomic signals, investor sentiment, and broader financial conditions." In traditional markets, European stocks edged higher ahead of a German parliamentary vote on historic debt reforms. Gold held firm above $3,000 per ounce, with BlackRock considering the metal a better diversifier than Treasury notes in the current macro environment. Meanwhile, futures tied to the Nasdaq, S&P 500, and Dow traded unchanged to negative amid reports of a Trump-Putin call regarding the Ukraine peace deal, scheduled between 13:00 and 15:00 GMT. Stay alert! Key Events to Watch: Token Events Conferences Token Talk By Shaurya Malwa Derivatives Positioning Market Movements: Bitcoin Statistics: Technical Analysis Crypto Equities ETF Flows Spot BTC ETFs: Spot ETH ETFs Source: Farside Investors Overnight Flows Chart of the Day While You Were Sleeping In the Ether