Bitcoin ETF Ends Nine Consecutive Days of Net Inflows, Market Adopts Wait-and-See Approach Ahead of Federal Reserve FOMC Meeting

April 28: Bitcoin slipped below $77,000, while the U.S. spot Bitcoin ETF posted a net outflow of $263.2 million on April 27—snapping a nine-day inflow streak—just days ahead of this week’s Fed FOMC meeting. The pullback added a note of caution to Bitcoin’s resilient April rebound: the token fell today but remains up ~15% month-to-date, having hit an April high of $79k. The ETF inflow momentum pause matters because it lands amid a packed macro week, with markets digesting Fed developments, fresh inflation worries, GDP data, a slate of big tech earnings, and rate decisions from European/Asian central banks. BRN Research Director Timothy Misir noted the crypto market started the week on an encouraging note—but crosscurrents are muddling a clear risk-on signal. He cited investor “war fatigue” over the Middle East, while global central banks juggle supply-driven inflation alongside fading confidence, mixed data, and uneven recoveries. Glassnode echoed this in its latest Weekly Pulse report, with analysts saying Bitcoin sits in a “bullish but cautious consolidation” phase: strong buying pressure is offset by lighter speculative activity and lower trading volumes. QCP Capital says Bitcoin’s strong April rebound keeps its overall outlook constructive. But the firm sees $82k as a key resistance level, with a nearby CME gap the next major test. GSR Asset Management MD Andy Baehr calls price action “gradually upward,” noting $80k remains a critical psychological level.