Bitcoin Stalls Near $76,500 as Traders Await U.S. Inflation Data
Updated
Updated · CoinDesk · May 26
Bitcoin Stalls Near $76,500 as Traders Await U.S. Inflation Data
7 articles · Updated · CoinDesk · May 26
$76,500 bitcoin traded in a tight range in Hong Kong, with muted activity after the U.S. long weekend and little conviction for either a breakout or a breakdown.
Polymarket traders still see stability: bitcoin has a 60% chance of ending the week above $76,000, while market maker Enflux said bids remain but buyers are not adding size.
Glassnode said selling pressure is easing, yet overall activity has weakened; U.S. spot bitcoin ETF inflows have cooled after April's $2.44 billion, leaving fresh institutional demand as the missing driver.
2.3 million BTC held in exchange reserves near decade lows keeps supply tight, but analysts say next week's PCE inflation report will likely determine whether rates expectations pressure bitcoin or revive buying.
Could a measurement flaw in the Fed's inflation data be the unexpected trigger for Bitcoin's next breakout?
With institutional demand stalled, does Bitcoin's resilience signal market maturity or simply widespread investor exhaustion?