Bitcoin heads into holiday weekend exposed as ETF and CME flows go offline

Good Friday shuts CME futures and ETF activity, removing a key source of demand as large holders continue distributing and spot demand weakens. What to know : Bitcoin is trading just above $66,600 heading into the Good Friday long weekend, as futures and ETF markets pause and liquidity thins. Despite multi-month highs in ETF and corporate bitcoin purchases, overall demand has turned negative as large holders shift to net selling and U.S. spot demand remains weak. With bitcoin’s price floor increasingly tied to expectations for Federal Reserve rate cuts, upcoming U.S. inflation data could further erode support if it undermines hopes for easier policy.