April 27 felt like a shift.
After 9 straight days of inflows, $BTC ETFs saw about $263M in outflows the biggest exit we’ve had in weeks. Most of it came from Grayscale, and this time demand from BlackRock and Fidelity wasn’t strong enough to absorb it.
$ETH didn’t hold up either, with about $50M in outflows, mostly from Grayscale. BlackRock still showed some dip-buying, but price dropped roughly 4.5% to $2.28K.
To me, this feels more macro-driven than anything else. Rising oil, Middle East tensions, and FOMC uncertainty are pushing markets into risk-off mode.