The cryptocurrency market exhibited a positive turn following the disclosure of the United States Consumer Price Index (CPI) data. Despite this, Lookonchain's data unveiled that nine Bitcoin ETFs faced significant outflows totaling 2,199 Bitcoin valued at $153.4 million. This outflow mirrored the cautious sentiment prevailing in the crypto market prior to the CPI data's publication. Among the ETFs, ARK21Shares's ARKB witnessed the most substantial outflow, with 840 Bitcoin worth $58.6 million withdrawn, reducing their Bitcoin holdings to 48,199 valued at $3.36 billion. Similarly, Grayscale's GBTC experienced an outflow of 580 Bitcoin worth $40.5 million, bringing their Bitcoin holdings down to 283,966 BTC valued at $19.81 billion. Conversely, funds like BlackRock's IBTC and others such as Vaneck Bitcoin Trust (HODL), Valkyrie Bitcoin Fund (BRRR), and Franklin Bitcoin ETF (EZBC) reported no outflows. However, significant outflows were noted in Bitwise Bitcoin ETF (BITB), Invesco Galaxy Bitcoin (BTCO), and Fidelity Wise Origin Bitcoin Fund (FBTC). Despite these outflows, Bitcoin's current trading value near $69,550 signals a 4.5% increase over the last 24 hours. While Bitcoin experienced a 2.5% decline in the past 7 days, it achieved a 10% gain in the last 30 days. This positive market response reflects investors' optimism about Bitcoin's future, especially after the CPI data's release. There is hope in the market for a potential influx of funds post the CPI data release, which could reverse recent outflows and support further price hikes for Bitcoin and other cryptocurrencies. Analysts are closely monitoring to assess the sustainability of this positive momentum in the days ahead.