Three critical US reports arrive in 30 minutes as Bitcoin’s $2.5 billion ETF streak faces its first real test

Three critical US macro reports are due within a 30-minute window and present the first real test of the $2.5 billion cumulative inflows into spot Bitcoin ETFs. Market consensus is that stronger-than-expected prints would lift rate-hike odds, pressure risk assets and could interrupt the ETF inflow streak, while softer data would support risk-on flows and reinforce ETF demand. The episode underscores that ETF-driven demand, though sizable, remains vulnerable to macro surprises that can overwhelm structural buying. Key implication: Bitcoin’s near-term price action and the durability of ETF inflows now hinge on incoming macro data and its effect on rate expectations.