According to The Block’s price data, Bitcoin traded above $77,100 on April 29 ahead of the Federal Reserve’s policy decision, with intraday range between $75,689 and $77,837. U.S. spot Bitcoin ETFs recorded $89.68 million in net outflows on April 28, with BlackRock’s IBIT leading losses at $112 million, extending the outflow streak as markets awaited Powell’s signals on rate policy.
Onchain data showed rising caution: Bitcoin exchange net inflows surged to 9,905 BTC on April 27, the largest one-day inflow in 30 days, while exchange reserves climbed to 2.677 million BTC by April 28. CryptoQuant analyst warned Bitcoin could retest the $74,000–$75,000 support zone if those inflows are not absorbed quickly.
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