Bitcoin traded above $76,000 on Tuesday, extending a rally that began after last week’s inflation print came in below expectations. Spot ETF products logged their sixth consecutive day of net inflows, with desks citing renewed institutional demand ahead of the Federal Reserve’s upcoming rate decision.
What’s driving the move
Analysts point to a mix of macro tailwinds and on-chain signals: exchange balances have fallen to multi-year lows, while long-term holder supply continues to climb. Options markets are pricing in elevated volatility into month-end.
What to watch
- Fed rate decision expected later this month
- ETF flow data released daily by major custodians
- Exchange reserve trends on major chains