Bitcoin ETFs: $126M Daily Outflow Hits

Bitcoin ETFs posted a 1D netflow of -2,015 BTC (-$126.06M) and a 7D netflow of -3,890 BTC (-$243.38M) on August 14, according to lookonchain data, while Ethereum ETFs showed a 1D netflow of -277 ETH (-$517.08K) against a 7D netflow of +22,908 ETH (+$42.74M).

Price action on the 4h chart sits at $62,782.91 inside the Bollinger band with upper resistance at $64,312.31 and lower support at $62,745.89; the bearish EMA50 at $63,919.93 and EMA200 at $63,701.59 act as overhead resistance while MACD at -354.89 confirms the death cross and RSI at 32.24 leaves room for further downside before any BTC price prediction reversal attempt.