Bitcoin: ETF Outflows Hit $1.3B at $71.3K
Bitcoin trades at $71.3K as $1.3B ETF outflows accelerate, sellers dominate spot and momentum turns bearish near-term.
SourceAnalysis
Bitcoin trades at $71.3K under mounting pressure as sellers dominate spot markets, ETF outflows accelerate to $1.3B and fresh capital inflows stall.
With price testing lower Bollinger support near $72206.22 while the RSI(14) sits at 22.93 in oversold territory, the bearish MACD death cross at -555.23 and price sitting below both the EMA50 at $74497.36 and EMA200 at $76410.63 confirm downside momentum; institutional desks now watch for a potential relief bounce toward the 50-EMA before any deeper BTC price action unfolds.
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