Bitcoin ETFs: $449.8M Daily Outflow Hits
Bitcoin ETFs post 1D netflow of -5,461 BTC (-$449.8M) while Ethereum ETFs drop -47,511 ETH (-$120.38M) on Oct 8.
SourceAnalysis
Bitcoin ETFs recorded a 1D netflow of -5,461 BTC (-$449.8M) and a 7D netflow of -1,951 BTC (-$160.69M), while Ethereum ETFs saw 1D netflow of -47,511 ETH (-$120.38M) and 7D netflow of -191,540 ETH (-$485.33M) according to @lookonchain data. These Bitcoin ETF outflows coincide with BTC trading at $82077.58 inside its Bollinger Bands on the 4h chart, where the EMA50 at $84375.54 acts as immediate resistance above the EMA200 at $82176.9, the RSI(14) at 26.29 signals oversold conditions, and the MACD death cross at -706.78 confirms bearish momentum that could pressure BTC price prediction models toward the lower band support at $81771.39 before any rebound attempt amid rising crypto market crash risks.
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