Bitcoin: ETFs Sell 460% of Daily Mined Supply

Bitcoin faces record institutional selling led by ETFs that now exceeds 460% of daily mined supply each day, the largest volume in history.

Price sits at $61415.73 inside a bearish structure with EMA50 at $64284.44 and EMA200 at $71529.3. MACD shows a death cross at -490.8 while RSI at 40.63 remains neutral; the market trades inside Bollinger bands between $60825.84 support and $64195.69 resistance, pointing to continued downside pressure before any relief toward the 50-EMA.