Bitcoin dipped below $77,000 around Thursday's Wall Street open as U.S. spot Bitcoin ETFs posted a second consecutive outflow day, taking two-session redemptions to about $167 million. TradingView showed BTC/USD on track for about 2% losses with U.S. stocks. CoinGlass put 24-hour crypto liquidations near $388 million earlier in the week, with longs doing most of the damage. Ether fell back through $2,500. Solana and XRP sold harder. The wrappers did not fight the tape. SoSoValue and Farside put Monday 8 September at a $46.6 million net outflow. Tuesday 9 September nearly tripled that, at $120.2 million. ARK 21Shares ARKB led with about $78 million of redemptions. Grayscale's GBTC added about $27.2 million. BlackRock's IBIT, the fund that absorbed $454 million on 3 September, printed a $19.5 million outflow. Morgan Stanley's MSBT was the holdout, taking in about $4.5 million. Two red days after a $3.8 billion three-week run is a pause into data, not a regime change. A third would say the creations that held $80,000 are now selling into Friday CPI. See how Monday's $46.6 million redemption was the first test of that bid.
Oil at $105 is the bid killer, not a seasonal joke
Brent passed $105 a barrel, the highest since May, after fresh strikes near Hormuz. West Texas Intermediate tagged $100. Coupon-free assets do not like that mix when August producer prices also ran hot. The Bureau of Labor Statistics put headline PPI at 0.4% on the month and 5.4% year on year, a tick above the 5.3% consensus, with diesel up 24.1% in August. CME FedWatch lifted the chance of a 25 basis point hike at the 16 September FOMC toward the mid-70s in some snapshots, from about 62% on Wednesday. Support desks still mark $76,500 to $77,200. Resistance sits $79,700 to $80,500. QCP's map from earlier this week, $80,000 to $82,000 up and $75,000 to $76,000 down, still frames the week. Treat $77,000 as the first vote after the jobs beat and the oil spike, not the last. If IBIT creates into Friday's CPI, $80,000 is still a reclaim. If the inflation file is hot and the wrappers redeem again, $76,500 is the level that matters.
Cloture is Tuesday. The Fed is Wednesday. Neither is a bid today
The Senate holds cloture on the motion to proceed to the CLARITY Act at 2:15 p.m. Eastern on 15 September. Sixty votes open debate. They do not pass H.R. 3633. The FOMC decision is the next day. Crypto gets a policy door and a funds-rate print in the same 24 hours. Neither is priced in Tuesday's $120 million redemption. Category assets still sit near $101 billion after a brief $103.3 billion print last week. Cumulative net inflows since the January 2024 launch remain about $55.5 billion. Year-to-date flows are still in the red. That gap is the early-2026 washout, not this two-day trim. For the rate path that is actually moving the coin, see August PPI at 5.4% and the ECB's quarter-point lift.