Bitcoin ETFs: $312M Daily Outflow Recorded
Bitcoin ETFs posted -4,275 BTC net outflows worth $312.67M while Ethereum ETFs lost $94.43M and Solana ETFs gained $1.15M on May 29.
SourceAnalysis
Bitcoin ETFs recorded 1-day net outflows of 4,275 BTC valued at $312.67 million and 7-day outflows of 18,372 BTC worth $1.34 billion.
Ethereum ETFs saw 1-day net outflows of 47,308 ETH worth $94.43 million and 7-day outflows of 100,038 ETH worth $199.68 million.
Solana ETFs posted 1-day net inflows of 14,169 SOL worth $1.15 million and 7-day inflows of 91,988 SOL worth $7.48 million.
Price action on the 4-hour chart shows BTC trading inside the Bollinger Bands with the upper resistance at $76,831.41 and lower support at $72,041.06 while the EMA50 at $75,570.76 and EMA200 at $76,863.74 act as concrete resistance overhead. Momentum remains neutral with RSI at 38.51 yet the MACD golden cross at -783.17 signals building bullish pressure that could trigger a test of upper band resistance before any deeper pullback to the 50-EMA support zone.
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