IBIT is trading 3% down today as Bitcoin continues a multi-session pullback driven by macro risk-off positioning ahead of Thursday’s U.S. PCE inflation report.
- Traders are de-risking from speculative assets following a sharp June selloff in the tech and AI sectors and persistent outflows from spot Bitcoin ETFs.
- Despite broader equity indices trading higher, Bitcoin remains under pressure as investors brace for potentially hawkish implications from upcoming inflation data and elevated real-rate expectations.