Bitcoin ETF: $424.7M Net Outflow Hits July 13

Bitcoin ETF products posted a $424.7 million total net outflow on July 13, led by IBIT at -$185.5 million and FBTC at -$245.6 million while GBTC shed $53.1 million.

BTC price action at $62719.64 sits inside Bollinger Bands with upper resistance at $65029.58 and lower support at $62012.94, confirming short-term volatility exhaustion. The bearish trend structure holds as price trades below EMA50 at $63114.32 and EMA200 at $63753.75, while MACD at -261.66 reinforces the death cross and RSI at 42.39 remains neutral without oversold relief. Institutional desks now watch for a test of the 50-EMA support zone before any sustained rebound in BTC price prediction models.