BlackRock Bitcoin ETF: Sees $32.9M Outflow

BlackRock's IBIT Bitcoin ETF recorded a daily outflow of -$32.9 million, according to data from Farside Investors, marking a notable reversal in investor sentiment for the leading spot Bitcoin fund amid ongoing crypto market trends.

In the 4-hour BTC chart, price action holds firm in a bullish structure with the EMA50 at $80,524 providing immediate support just below the current $80,944 level, while the EMA200 at $76,838 anchors longer-term upside conviction. Yet MACD flashes a bearish death cross at 60.9, clashing with neutral RSI at 50.6, as BTC trades snug inside Bollinger Bands—upper resistance at $82,043 caps rallies, and lower support at $80,146 guards against dips. This confluence screams caution: expect a probe toward EMA50 before bulls reclaim control, especially if ETF outflows pressure BTC price prediction models in this volatile crypto market analysis phase.