Bitcoin: $733M ETF Outflow Hits May 27
Bitcoin ETF flows posted -$733.4M net on May 27 with IBIT leading at -$527.8M, pressuring BTC price prediction amid bearish 4h technicals.
SourceAnalysis
Bitcoin ETF products recorded a total net outflow of $733.4 million on May 27, the largest single-day redemption in the past six months, with IBIT accounting for -$527.8 million and GBTC contributing -$104.8 million.
Price action on the 4h chart shows BTC trading at $72993.69 while testing the lower Bollinger Band support at $73399.9, with the EMA50 at $76454.55 and EMA200 at $77150.08 acting as concrete resistance overhead; the RSI at 23.07 flashes oversold yet the MACD death cross at -783.98 keeps the structure firmly bearish, suggesting any relief rally will likely stall before challenging those moving-average levels.
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