Bitcoin: Tests $59K as ETFs Shed $692M

Bitcoin tests $59,606 as spot ETFs record $692 million in outflows ahead of monthly options expiry.

Price sits below both the EMA50 at $62,321 and EMA200 at $67,231, confirming the bearish trend structure. The MACD death cross at -993.89 adds downside conviction while RSI at 37.62 remains neutral. With price inside the Bollinger Bands, the next volatility target sits at lower band support of $58,425 before any relief rally can develop.