Bitcoin ETF: Posts $648.6M Net Outflow

Bitcoin ETF flows recorded a sharp total net outflow of $648.6 million on May 18, with IBIT accounting for the bulk at -$448.4 million followed by ARKB at -$109.6 million and FBTC at -$63.4 million.

Spot Bitcoin ETF redemptions of this scale have historically pressured liquidity and amplified downside moves in BTC price action over the past year. BTC currently trades at $76784.7 inside its Bollinger Bands with the upper resistance at $79190.96 and lower support at $76198.13; the bearish EMA50 at $78781.13 and EMA200 at $77366.78 act as firm overhead resistance while MACD at -770.25 confirms the death cross and RSI at 35.59 leaves room for further downside before any relief bounce.