Bitcoin ETFs: $140M Daily Outflow Hits

Bitcoin ETFs recorded 1D net flows of -2,241 BTC (-$140.85M) and 7D net flows of -10,818 BTC (-$679.98M) on June 11 according to Lookonchain data.

Ethereum ETFs posted even steeper daily redemptions with -42,395 ETH (-$69.91M) and 7D net flows of -10,386 ETH (-$17.13M).

BTC price prediction models now incorporate fresh ETF outflow pressure as price sits at $62836.83 inside a bearish structure defined by EMA50 resistance at $63766.59 and EMA200 at $70863.16. Momentum shows RSI(14) at 51.84 remaining neutral while MACD registers a bullish golden cross at -121.15. With price testing upper Bollinger resistance at $64099.55, a healthy retracement toward the 50-EMA support near $63766 appears probable before any continuation attempt toward lower band support at $60823.42.