Bitcoin: Saylor Sells Amid Record ETF Outflows

Bitcoin just lost its monthly EMA50 support at $65k after Michael Saylor sold holdings, triggering the longest streak of spot Bitcoin ETF outflows on record at 13 consecutive days and $4.37 billion total.

Institutions continue rotating capital into AI plays while the S&P 500 and Nasdaq print fresh highs, leaving BTC stuck between safe-haven and growth narratives according to Bloomberg analysts. The next technical floor sits at the 50-month SMA near $59k, with the $52k-$48k zone below that.

Price action on the 4h chart shows BTC at $63466.37 inside the Bollinger Bands with the lower band at $61802.11 acting as immediate support; the bearish EMA50 at $70651.71 and EMA200 at $75100.92 now function as resistance while RSI at 17.89 flashes oversold and MACD prints a death cross at -2396.9, creating a high-probability setup for a relief bounce off the lower band before any deeper test of the $59k region.