Bitcoin ETFs: Shed $649M as BTC Holders Step In

Bitcoin ETFs recorded a $649M outflow in a single day, yet long-term BTC holders continue to absorb supply and cap further losses.

Over the past six months, similar outflows have coincided with rapid rebounds once institutional bids returned. Traders now watch whether the current dip repeats that pattern or escalates into a broader crypto market correction.

Price sits at $76802.86 beneath both the EMA50 at $78641.85 and EMA200 at $77362.13, confirming the bearish structure, while the MACD golden cross at -709.59 hints at building momentum. With RSI at 38.08 still neutral and price inside the Bollinger band, a test of the $76166.92 lower band support remains the next logical move before any sustained recovery in BTC price prediction models.