Bitcoin ETF: $519M Net Outflow June 2

Bitcoin ETF products posted a $519.1 million net outflow on June 2, with IBIT leading at -$388.6 million, FBTC at -$45.1 million and GBTC at -$83.5 million.

Price action on the 4h chart shows BTC trading at $65861.8 inside the Bollinger Bands with lower support at $65120.09 while the RSI at 11.62 signals deep oversold conditions and the MACD death cross at -2018.91 reinforces the bearish trend below both the EMA50 at $72486.72 and EMA200 at $75761.83; institutional desks now watch for a potential bounce from the lower band toward the 50-EMA before any sustained recovery attempt in BTC price prediction models.