Bitcoin ETFs: $141M Daily Net Outflow Hits

Bitcoin ETFs recorded a 1D netflow of -2,209 BTC (-$141.23M) on August 11 while the 7D netflow stood at +8,545 BTC (+$546.45M); Ethereum ETFs posted -14,499 ETH (-$27.22M) for the day and +110,579 ETH (+$207.62M) over seven days according to @lookonchain data.

Price action on the 4h chart shows BTC at $63773.21 inside a bearish structure with EMA50 at $64450.46 acting as resistance and EMA200 at $63765.34 providing immediate support; MACD at -152.16 confirms the death cross while RSI at 37.11 leaves room for further downside before any bounce, and price remains trapped between the Bollinger upper band at $65667.11 and lower band at $63725.66, pointing to a likely test of the 50-EMA before volatility expands.