Bitcoin fell from $65,060 to $63,441, a decline of approximately $1,619 or 2.5% in 24 hours.Not noise. Bitcoin ETF outflows hit $465 million over two days led by BlackRock's IBIT reversing a seven-day inflow streak, Strategy extended its Bitcoin purchase pause to a fifth consecutive week, and price fell 2.5% ahead of tomorrow's FOMC decision. Near-term risk rose today on multiple converging signals.
Bitcoin spot ETFs shed $465 million over two days, with BlackRock's IBIT accounting for nearly $415 million of those outflows, reversing a seven-day, roughly $1 billion inflow streak.
Strategy extended its Bitcoin purchase pause to a fifth consecutive week, raising its USD cash reserve to $3.75 billion by selling $544.5 million in MSTR shares while repurchasing $25 million of STRC preferred stock.
Bitcoin options put/call ratio fell to approximately 0.52 from 0.76 in late June, reflecting reduced demand for downside protection ahead of tomorrow's FOMC meeting, a positioning bet that leaves the market exposed to a hawkish surprise.
BitMart announced its closure following BitMEX's shutdown days earlier, while Uphold cut 17% of its global headcount, extending a documented week of crypto industry stress.
Network fundamentals remained stable: hashrate held at 857 EH/s and fees stayed near 1 to 2 sat/vB, indicating no miner stress despite the price decline.
Market Snapshot
Market Cap
$1.27T
24h Volume
$26.06B
Dominance
56.4%
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