Bitcoin ETF: $100.9M Net Outflow on May 21
Bitcoin ETF posted a $100.9 million net outflow on May 21 led by IBIT at $103.7 million, with BTC price at $77833.76 showing neutral RSI on the 4h chart.
SourceAnalysis
Bitcoin ETF daily flows turned negative with a total net outflow of $100.9 million on May 21, driven primarily by IBIT's $103.7 million withdrawal offset by ARKB's $2.8 million inflow.
Historical patterns from the past year show such IBIT ETF large outflows often coincide with short-term price pressure on BTC amid shifting institutional allocations.
Technical Confluence: Price at $77833.76 trades inside Bollinger Bands near upper resistance of $78239.91 with RSI(14) at neutral 52.54, while the MACD golden cross supports a measured retracement toward EMA50 support at $78094.42 before any continuation higher.
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