Bitcoin: ETFs Track $4.3B Monthly Outflows

Bitcoin ETFs head for the worst monthly withdrawal streak on record after $4.3 billion left the products, Bloomberg Intelligence analyst James Seyffart stated, noting yesterday’s unreported flows push the figure even higher.

Price action on the 4h chart shows BTC at $58618.27 trading inside the Bollinger Bands with the lower support at $58552.5 and upper resistance at $60914.17; the EMA50 at $60662.88 and EMA200 at $65619.1 define clear overhead resistance while the MACD death cross at -506.69 and RSI at 36.65 keep momentum bearish, pointing to a likely test of the lower band before any sustained recovery. Institutional flows into Bitcoin ETFs have turned sharply negative over the past six months, amplifying downside pressure on BTC price prediction models that now hinge on sustained buying from corporates like Strategy.