Bitcoin ETFs: $465M Daily Outflow Hits Markets

Bitcoin ETFs recorded 1D netflow of -7,272 BTC (-$465.16M) and 7D netflow of -27,214 BTC (-$1.74B) according to @lookonchain data on June 4, while Ethereum ETFs saw -45,424 ETH (-$80.45M) daily and -174,427 ETH (-$308.91M) weekly, and Solana ETFs printed -71,897 SOL (-$5.03M) daily alongside -35,674 SOL (-$2.5M) over seven days.

Price action on the 4h chart shows BTC at $64221.3 inside the Bollinger Bands with upper resistance at $73489.52 and lower support at $61426.89; the EMA50 at $70365.36 and EMA200 at $74994.31 define clear overhead resistance while RSI(14) at 29.77 signals oversold conditions and MACD(12,26) at -2408.23 confirms the death cross, pointing to continued downside pressure until a reclaim of the 50-EMA occurs.

Traders tracking BTC price prediction models now factor these ETF outflows into broader crypto market crash scenarios, watching for any spillover into AI industry impact narratives that have driven recent risk appetite.