Bitcoin: $5B ETP Inflows Outpace Gold Rotation

Bitcoin ETPs have captured roughly $5 bn+ in net inflows relative to gold ETPs year-to-date as investors rotated from gold into BTC starting in March, according to André Dragosch.

Price action on the 4h chart shows BTC at $63934.1 testing the lower Bollinger support at $64094.62 while the EMA50 at $64979.62 caps upside and the EMA200 at $63793.64 acts as dynamic floor; the MACD death cross at -181.01 confirms bearish momentum yet RSI at 34.36 leaves room for a relief bounce before any sustained move lower.