Crypto Market on FOMC Eve: ETF Flow Reversal and the On-Chain Divergence Signal
Bitcoin trades at $63,381 on the morning of the Federal Reserve's July 28-29 FOMC decision, down 3.1% in 24 hours as roughly 25% market-implied odds of a surprise rate hike push institutional holders toward the exits. The broader crypto market cap fell 2.9% to $2.26 trillion. What makes today's setup unusual is not the selloff itself but the split signal underneath it: spot Bitcoin ETF flows reversed sharply on July 24, yet on-chain data shows whale wallets accumulated approximately 270,000 BTC over the past 30 days, and exchange reserves have fallen to 7-year lows. The same asset is telling two contradictory stories depending on which data layer you read. Key Takeaways Bitcoin fell 3.1% to…
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