Bitcoin ETFs: $441.88M Daily Net Outflow
Bitcoin ETFs posted -7,439 BTC (-$441.88M) 1D netflow while Ethereum ETFs saw -21,234 ETH outflows, pressuring BTC price prediction amid bearish 4h structure at $59,363.
SourceAnalysis
Bitcoin ETFs recorded 1D netflow of -7,439 BTC (-$441.88M) and 7D netflow of -12,619 BTC (-$749.58M), while Ethereum ETFs posted 1D netflow of -21,234 ETH (-$33.23M) and 7D netflow of -116,744 ETH (-$182.7M) according to @lookonchain. BTC trades at $59363.6 inside the Bollinger band with lower support at $59257.05 and upper resistance at $65556.33; the EMA50 at $63011.24 and EMA200 at $67630.39 define clear resistance overhead while MACD death cross at -886.1 confirms bearish momentum and RSI at 31.45 leaves room before oversold territory, so any further ETF selling could accelerate a test of the lower band before a relief bounce to the 50-EMA. These sustained Bitcoin ETF outflows reshape near-term BTC price prediction models and raise the odds of a brief crypto market correction before macro flows stabilize.
Lookonchain
@lookonchainLooking for smartmoney onchain