Bitcoin ETF: $70.5M Net Outflow Recorded May 20
Bitcoin ETF posted -$70.5M total net flow on May 20 with IBIT leading at -$61.5M; BTC price at $77290.66 shows neutral RSI and MACD golden cross on 4h chart.
SourceAnalysis
Bitcoin ETF products recorded a sharp -$70.5 million total net flow on May 20, driven by IBIT outflows of -$61.5 million and FBTC at -$10.1 million while MSBT posted the lone positive $1.1 million.
Price action at $77290.66 sits inside the Bollinger band with upper resistance at $78042.68 and lower support at $76250.31; the 4h structure remains bearish as price trades below both EMA50 at $78195.03 and EMA200 at $77380.57, yet the MACD golden cross at -169.45 hints at building momentum while RSI at 45.8 stays neutral, suggesting any near-term BTC price prediction hinges on whether buyers defend the lower band before testing EMA200 resistance.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.
Premium Sponsors
.jpg)