Bitcoin Stalls Near $76,500 as Traders Await Macro Data
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- Bitcoin trades near $76,500 in a tight range with low volume as traders wait for a macro catalyst.
- Polymarket predicts a 60% chance Bitcoin ends the week above $76,000 and a solid chance above $74,000.
- Enflux says the bid is present but no new size is added, indicating limited buying pressure.
- Glassnode shows buying and selling pressure balanced but overall trading activity weak, reflecting cautious sentiment.
- U.S. spot bitcoin ETF inflows cooled after $2.44 billion in April; exchange reserves remain near a decade‑low at ~2.3 million BTC.
Why it matters: Institutional investors see a buying pause as fresh demand lags, while the upcoming PCE inflation report remains a key driver for Bitcoin's price and crypto‑focused fund performance.
