Bitcoin ETF: $84.9M Net Outflows on July 8

Bitcoin ETF vehicles recorded total net outflows of $84.9 million on July 8, driven by IBIT at -$59.1 million and GBTC at -$63.7 million with all other products flat.

Price action on the 4-hour chart shows BTC at $62307.17 pressing directly against the EMA50 at $62324.91 while the MACD death cross at -80.77 keeps downside momentum intact toward the lower Bollinger support at $61607.43. Institutional desks now adjust BTC price prediction models lower after sustained selling pressure in spot products over the past six months, with the neutral RSI at 46.86 offering little relief until a decisive break of the EMA200 at $64074.35.