Bitcoin fell below $74,000 after five consecutive weekly declines, raising questions about whether new capital can support a rebound. Spot Bitcoin and Ethereum ETFs recorded combined weekly outflows of approximately $1.65 billion, including $1.28 billion from Bitcoin ETFs, while the Federal Reserve’s balance sheet expanded by $212 billion since late December 2025. Despite the risk-off environment, Ethereum ETFs still hold about $12 billion in cumulative net inflows, suggesting that the longer-term institutional investment channel remains intact. More than $1 billion in leveraged positions were liquidated in a single day, including $930 million in longs, as investors await US inflation and producer price data, Federal Reserve speeches and the OPEC oil market report. Analysts see a sustained recovery above $76,000, backed by stronger spot trading volume and improving ETF flows, as necessary for a bullish outlook. Repeated rejection near that level, a lower high, heavier selling volume or a rebound without renewed ETF inflows would weaken the setup.
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