Bitwise Bitcoin ETF: Records $17.5M Outflow

Bitwise's BITB Bitcoin ETF clocked a -$17.5 million daily flow, per Farside Investors data released on May 12, 2026. This outflow hits as institutional interest wavers, echoing patterns from late 2025 when similar ETF drains preceded BTC price prediction dips. Traders eye this amid broader crypto market trends, where Bitcoin holds firm despite headwinds.

Zooming into the 4-hour BTC chart, price action clings to the EMA50 at $80,478.8, acting as immediate support in this bullish structure underpinned by the EMA200 at $76,800.02. MACD flashes a death cross with a 9.29 reading, screaming bearish momentum, yet RSI at 46.0 stays neutral, avoiding oversold panic. Price trades snug inside Bollinger Bands, testing the lower support at $80,049.33 while upper resistance at $82,042.86 caps upside—confluence here points to a potential bounce if volatility exhausts, but that death cross warns of deeper retracement before resuming the grind higher, much like the Bitcoin consolidation phases we navigated in early 2026.