Bitcoin ETFs: Daily Outflows Hit $64.25M
Bitcoin ETFs posted -1,010 BTC net outflows worth $64.25M on August 17 while Ethereum ETFs recorded +3,457 ETH inflows.
SourceAnalysis
Bitcoin ETFs recorded 1-day net outflows of 1,010 BTC valued at $64.25 million, extending the 7-day total to 6,631 BTC or $421.76 million, according to @lookonchain data.
Ethereum ETFs showed 1-day inflows of 3,457 ETH worth $6.58 million yet posted 7-day net outflows of 3,549 ETH or $6.75 million.
Price action on the 4-hour chart shows BTC at $63,933.36 testing upper Bollinger Band resistance at $63,691.36 inside a bullish structure defined by EMA50 support at $63,566.93 and EMA200 at $63,696.99, with MACD golden cross intact and RSI at 64.27 leaving room for continuation once volatility contracts back toward the 50-EMA.
Lookonchain
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