Stagflation Fears Weigh on Bitcoin as ETF Flows Remain Erratic

Bitcoin's price slipped 0.69% to $64,382.17, mirroring a 0.71% drop in total crypto market cap. The decline is primarily driven by stagflation fears and inconsistent institutional demand, as evidenced by erratic ETF flows.

Crypto analysts point to the latest U.S. Manufacturing PMI showing slowing growth with high input costs as a major concern.

The spot Bitcoin ETF flows have been erratic, with a $61.53 million outflow snapping a three-week inflow streak, and market makers like Wintermute suggesting recent ETF buying may be arbitrage-driven rather than outright bullish accumulation.