Bitcoin: Shorts Pile In on IBIT Outflows

Bitcoin at $75190 faces fresh selling after yesterday's rejection, as spot holders exit losing positions while perps attract heavier short bets that target a higher-timeframe breakdown, possibly amplified by continued IBIT ETF outflows. On the 4h chart price tests the lower Bollinger band support at 75257 with EMA50 resistance at 76891 and EMA200 at 77269 capping any bounce in an established bearish trend, the MACD death cross at -325.89 locking in downside pressure even as RSI holds neutral at 35.7, pointing to extended bleeding before meaningful relief appears.