Fidelity Bitcoin ETF: $133M Outflow

Fidelity's FBTC spot Bitcoin ETF recorded a sharp outflow of -$133.2 million in daily flows, signaling waning investor appetite amid broader crypto market pressures. This marks a continuation of volatile sentiment in Bitcoin ETFs over the past six months, where inflows have swung wildly against regulatory shifts and macro headwinds, potentially exacerbating fears of a crypto market crash.

On the 4h chart, BTC trades at $79,501, caught in a bearish grip below the EMA50 resistance at $80,351 while finding tentative footing above the EMA200 support at $76,929. The MACD's death cross at -319 underscores persistent downside momentum, yet RSI neutrality at 42 hints at no immediate oversold relief. With price squeezing inside Bollinger Bands—upper resistance at $82,462 capping rallies and lower support at $78,993 acting as a volatility floor—expect a probe toward that lower band before any rebound, aligning with our BTC price prediction of short-term consolidation amid trending hype around Bitcoin and related assets like TAO.