Bitcoin stuck below $79,000 as ETF outflows and Fed split sap risk appetite
Bitcoin is pinned near $76,000 below $79,000 resistance as ETF outflows, Fed infighting, and record shorts sap risk appetite and keep volatility unnaturally muted.Bitcoin trades near $76,000, capped by heavy resistance between $78,000 and $79,000 as spot ETF outflows stretch into a third straight day.Internal divisions at the Federal Reserve and expectations of prolonged higher rates are damping risk sentiment across crypto.Derivatives data show record short positioning and subdued volatility, leaving Bitcoin boxed between improving support and weak demand.v Bitcoin (BTC) hovered around $76,000 on Thursday, struggling to break above a resistance band between $78,000 and $79,000 even after the Federal Reserve left interest rates unchanged, keeping markets fixated on internal policy fractures and macro uncertainty. According to an analysis by The Block, on-chain and flow data point to a market that has stabilized on the downside but lacks the conviction to force a clean breakout above the current range. Kraken chief economist Thomas Perfumo said the market is now “more concerned about the policy uncertainties brought about by the ‘division’ within the Federal Reserve rather than the inaction itself,” especially with Jerome Powell still in place while Kevin Warsh is widely expected to take over, leaving “no clear policy transition.” He