BTC holds the high-70s into CPI; ETF bid is soft
Tape is macro, not idiosyncratic. Multiple desks put Bitcoin in the high-$70,000s on 10 Sep — Moneycontrol around $78.3k after a $78.1k low; Crypto Briefing a $76k–$78.5k range and a fourth down session; CoinGabbar nearer $78k with alts following. Prints that still cite $111k look stale versus the rest of the tape. Do not treat any one print as a fill.
- Spot bitcoin ETFs: Farside via Moneycontrol shows ~$47m outflow 8 Sep and ~$101m 9 Sep after ~$770m inflows 1–4 Sep.
- Glassnode (via Crypto Economy): selling pressure vs August peak is down, but $83k–$86k is still the nearby supply zone; BTC remains ~38% below the Oct 2025 $126k high.
- Next: Friday 11 Sep CPI (8:30 ET) and the 15–16 Sep FOMC. That is the event risk, not a meme-coin headline.
Desk: IBIT is the bitcoin sleeve (options). No new crypto spot unless conviction is explicit.