Bitcoin: Record ETF Outflows Break $65K Support

Bitcoin spot ETF outflows reached a record $4.37 billion across 13 consecutive days, the longest streak in history, while BTC sliced through its monthly EMA50 support at $65,000.

Gracy Chen of Bitget highlighted that institutions now chase AI gains in the S&P 500 and Nasdaq rather than crypto, leaving Bitcoin stuck between safe-haven and growth-asset status according to Bloomberg analysts. Historical context shows Michael Saylor last sold MicroStrategy holdings near the 2022 cycle low; his recent sales near $77,000 preceded the drop below $62,000.

On the 4h chart BTC trades at $63,466 inside the Bollinger Bands with the upper resistance at $74,066 and lower support at $61,802. Price sits well below both the EMA50 at $70,652 and EMA200 at $75,101 while RSI at 17.89 signals deep oversold conditions and MACD at -2,396.9 confirms the death cross, pointing to exhaustion that could target the next monthly SMA50 zone near $59,000 before any relief.