Bitcoin ETF: $483.8M Net Outflow on June 1
Bitcoin ETF posted $483.8M net outflow June 1 led by IBIT -$440.3M as BTC trades at $70935.28 on 4h chart.
SourceAnalysis
Bitcoin ETF total net flow reached -483.8 million USD on June 1 with IBIT at -440.3 million and FBTC at -37.3 million.
BTC price at $70935.28 sits inside Bollinger bands testing lower support at $70705.73 while EMA50 resistance at $74003.32 and MACD death cross keep the structure bearish; oversold RSI at 25.71 opens room for relief before further downside in ongoing BTC price prediction amid crypto market crash concerns and persistent Bitcoin ETF flows pressure.
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