Bitcoin ETFs: $4.4B Outflows Flip YTD Negative

Bitcoin ETFs recorded $4.4 billion in outflows over the past month, pushing year-to-date flows back into negative territory despite earlier recovery efforts, according to Eric Balchunas.

Price action on the 4-hour chart shows BTC trading at $62434.65 inside the Bollinger Bands with the upper resistance at $74187.83 and lower support at $61577.36, while the EMA50 at $70611.26 and EMA200 at $75090.65 define clear resistance overhead; the RSI at 15.91 signals deep oversold conditions and the MACD death cross at -2479.2 confirms bearish momentum, suggesting any relief rally will likely stall at the 50-EMA before testing lower band support near $61577.