Overview
- U.S. spot Bitcoin ETFs, which saw a net $89.7 million leave Tuesday led by $112 million out of BlackRock’s IBIT, reversed last week’s inflows as small XRP funds drew $2.2 million.
- Bitcoin slipped below key supports to a low near $75,652 before recovering toward $77,000, in what CryptoQuant linked to forced unwinding of leveraged trades.
- Over $292 million of crypto positions were wiped out in a day following reports that President Trump was preparing a lengthy Strait of Hormuz blockade, and Brent crude jumped above $111 a barrel.
- Prediction markets marked down the odds of Bitcoin reaching $80,000 by April 30 to roughly 15%–19% after a 37‑point plunge, signaling fading short‑term conviction.
- Traders are eyeing $75,000 as the key floor and a push back toward $80,000 to keep the rally intact, with the Fed’s decision now the main catalyst that could reset flows and volatility.