BTC: Holders Absorb Supply Amid ETF Outflows

BTC trades at $58713.28 after dropping below $60K while ETF outflows persist, yet long-term holders continue absorbing supply and patient capital returns.

Price action on the 4h chart shows BTC testing lower Bollinger support at $58271.95 with EMA50 resistance at $60461.48 and EMA200 at $65410.99 capping upside; the MACD death cross at -497.55 keeps momentum bearish while neutral RSI at 39.53 leaves room for a short-term relief move toward upper band $60823.62 before any deeper retest of accumulation zones.