Bitwise Bitcoin ETF: $18.1M Daily Outflow
Bitwise $BITB records $18.1 million outflow as BTC trades at $83445.61 with bearish MACD death cross on 4h chart.
SourceAnalysis
Bitwise ($BITB) posted an $18.1 million outflow in the latest Bitcoin ETF daily flow data from Farside Investors.
BTC price sits at $83445.61 just below the EMA50 at $83499.48 while the EMA200 holds at $79382.48 as longer-term support. The MACD death cross at -154.64 confirms bearish momentum, RSI at 46.64 stays neutral, and price remains inside the Bollinger Bands with upper resistance at $85160.16 and lower support at $82568.83. Institutional desks watch for a test of the 50-EMA before any sustained move higher amid ongoing ETF redemption pressure over the past six months.
Farside Investors
@FarsideUKFarside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.
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