Bitcoin ETFs: $689M Daily Outflows Hit Markets

Bitcoin ETFs recorded sharp 1-day net outflows of -8,999 BTC worth $689.46 million on May 19, extending the 7-day total to -21,470 BTC or $1.64 billion, while Ethereum ETFs lost 35,244 ETH in a single day and 147,095 ETH over seven days.

Solana ETFs bucked the trend with +39,219 SOL inflows worth $3.31 million. Institutional desks now revise BTC price prediction models lower after sustained spot-product pressure that echoes last year's rotation patterns. On the 4h chart BTC sits at $76632.3 inside the Bollinger band with upper resistance at $78883.45; the bearish EMA structure places concrete resistance at the 50-EMA of $78635.16 and the 200-EMA of $77360.43, while MACD golden cross momentum at -723.2 and neutral RSI at 36.45 suggest a measured retracement toward lower band support near $76137.39 before any sustained recovery attempt.