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Fed Rate Decision Looms as Bitcoin Trades Near $77,000

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Bitcoin Near $77k
  • Bitcoin price hovers near $77,000 as investors await the Federal Reserve’s rate decision.
  • Spot Bitcoin ETFs recorded a $462.73 million outflow last week, ending a three-week inflow streak.
  • Nearly $2 billion flowed into Bitcoin ETFs the week of August 17 after eight weeks of outflows.
  • Derive.xyz data show the 25-delta skew turned positive on August 20, signaling bullish call demand.
  • Open interest in Bitcoin contracts fell 13.5% to 278,151 BTC on September 11, from 321,497 BTC on September 3.
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