Following recent US Consumer Price Index (CPI) data, retail investor sentiment has turned notably bullish on Bitcoin, with 70.25% of Binance accounts holding net long positions, up from 57% just 24 hours earlier. Bitcoin and Ethereum experienced gains of 3.4% and 2.43%, respectively, ahead of the Federal Open Market Committee (FOMC) meeting. Despite this optimism, significant ETF outflows occurred, including $121 million from Grayscale’s GBTC, suggesting investor caution. The crypto market remains volatile, with Bitcoin near $70,000 and Ethereum around $4,000, as lower inflation figures and Fed decisions are anticipated to further influence market dynamics.
