Bitcoin is currently trading around $76,500, with market activity remaining muted as traders await a clear macroeconomic catalyst. Prediction markets show a 60% probability that Bitcoin will close the week above $76,000. Analysts note that Bitcoin's limited response to recent macro shocks, such as Moody's downgrade of U.S. sovereign debt, may indicate resilience or exhaustion. The market maker Enflux highlights that while there is a bid present, traders are not increasing their positions. The cooling of U.S. spot Bitcoin ETF inflows, which previously brought in $2.44 billion in April, suggests a lack of fresh institutional demand. Additionally, Bitcoin's exchange reserves are at a decade-low of roughly 2.3 million BTC, indicating a supportive supply backdrop. The upcoming Personal Consumption Expenditures inflation report could reshape expectations for U.S. interest rates, potentially influencing Bitcoin's price trajectory. A hotter-than-expected report could strengthen the dollar and pressure Bitcoin, while a softer reading might revive hopes for easier monetary policy.