Bitcoin ETFs: $257M Daily Outflow Reported
Bitcoin ETFs posted $256.91M net outflow May 18 while BTC holds $76333 with RSI 29.43 oversold and MACD death cross intact.
SourceAnalysis
Bitcoin ETFs recorded a 1D net outflow of 3,361 BTC worth $256.91M on May 18, extending the 7D drain to 12,478 BTC or $957.71M, while Ethereum ETFs saw 26,151 ETH leave worth $55.23M and Solana ETFs added 3,425 SOL.
Price action on the 4h chart shows BTC at $76333.23 trapped inside the Bollinger Bands with the upper resistance at $80161.84 acting as immediate cap; the bearish EMA50 at $79110.63 and EMA200 at $77374.7 continue to function as layered resistance overhead while RSI at 29.43 signals oversold conditions and MACD at -812.85 locks in the death cross, pointing to a likely retest of the lower band support near $76289.13 before any sustained bounce materializes.
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