Bitcoin spot ETFs reportedly drew $132.3 million in net inflows the same day, underscoring how traders are repositioning ahead of comments from Powell.
Polymarket, a prediction market (event-betting platform), was pricing a 94% probability that the Federal Reserve would keep rates unchanged in July after annual CPI reached 3.5%. On the same day, Bitcoin spot ETFs reportedly recorded $132.3 million in net inflows, suggesting crypto investors were adjusting positions before Powell speaks. The combination points to a market reading that sticky inflation has not materially shifted expectations for an immediate policy move, while ETF demand indicates continued institutional-style interest in Bitcoin exposure.