Spot Bitcoin ETFs Log 6th Straight Week of Net Inflows for First Time Since August
Notably, last week ended on a sour note, with outflows of $277.50 million on Thursday and $145.65 million on Friday. Monday and Tuesday had led the week strongly, pulling in $532.21 million and $467.35 million respectively, before Wednesdays inflows slowed sharply to $46.33 million ahead of the late-week reversal. Markets on edge as jobs data looms: Analyst Markets entered Friday cautiously as investors braced for the US April Non-Farm Payrolls report, with consensus estimates pointing to payroll growth of just 62,000, well below the previous reading of 178,000, reinforcing expectations of a cooling labor market, Bitunix analysts wrote in a note shared with Cointelegraph. The analysts noted that a stronger-than-expected ADP report of 109,000 jobs earlier in the week complicated the picture, leaving traders uncertain about the true state of employment heading into the release. “On the geopolitical front, although the US and Iran have once again exchanged fire around the Strait of Hormuz, both sides continue to leave room for negotiations,” Bitunix wrote, adding that reports suggest the US and Iran may have reached a partial understanding on certain maritime issues. In crypto, Bitcoin slipped below $80,000 on Thursday, with liquidation heatmaps showing heavy liquidity clustering around $78,000. A breakdown below that level could