Bitcoin: $3B ETF Outflows Called Noise by Balchunas

@CoinDesk aired Public Keys from the NYSE where Bloomberg analyst Eric Balchunas dismissed $2.97B in BTC ETF outflows as noise and labeled the amended HYPE ETF filing the new Hansel from Zoolander of crypto products, while Stellar Development Foundation CEO Denelle Dixon discussed the DTCC selecting StellarOrg as the first public blockchain for tokenized securities.

BTC trades at $71613.5 on the 4h chart inside a bearish structure with price testing the lower Bollinger support at $71788.83 while the EMA50 at $74376.23 and EMA200 at $76371.1 act as concrete overhead resistance; the RSI at 29.87 marks oversold momentum yet the MACD death cross at -647.67 keeps downside pressure intact until a reclaim of the $75011.91 upper band occurs.