Bitcoin: ETF Flows Negative for Second Straight Day
Bitcoin ETFs posted -$38.5M net flows Aug. 13 after -$61.1M prior day, with -2,015 BTC onchain custody outflows; BTC price at $63021.7 shows bearish structure.
SourceAnalysis
US Bitcoin ETFs recorded -$38.5M in net flows on Aug. 13 after -$61.1M the previous session, while onchain custody data showed -2,015 BTC (~$126.1M) and -277 ETH (~$517K) moved in 24 hours.
Bitcoin trades at $63021.7 inside the Bollinger Bands with upper resistance at $64140.72 and lower support at $62804.36; the EMA50 at $63892.92 and EMA200 at $63702.88 both act as overhead resistance in the prevailing bearish trend, while MACD at -337.29 confirms the death cross and RSI at 37.04 remains neutral, pointing to further downside pressure toward the lower band before any relief rally in BTC price prediction models.
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