Bitwise Bitcoin ETF: Posts $17.7 Million Outflow
Bitwise Bitcoin ETF records $17.7 million outflow as BTC holds $81861.64 with bearish EMA50 resistance at $84143.89 and MACD death cross.
SourceAnalysis
Bitwise ($BITB) posted a $17.7 million outflow in the latest Bitcoin ETF daily flow data from Farside Investors, adding pressure on institutional demand for spot products.
Bitcoin trades at $81861.64 beneath the EMA50 at $84143.89, locking in a bearish trend structure while the MACD death cross at -885.14 reinforces downside momentum; RSI at 31.83 remains neutral inside the Bollinger bands, with price testing near the lower support at $80879.86 and upper resistance at $87235.34. This confluence points to continued consolidation before any sustained move higher, directly shaping near-term BTC price prediction models and tempering crypto market crash narratives that have circulated 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.