On February 11, 2025, the Bitcoin ETF managed by Franklin experienced a significant outflow of $11 million, as reported by Farside Investors on their official X post (@FarsideUK, February 11, 2025). This outflow is indicative of a shift in investor sentiment towards Bitcoin and related financial products. At the time of the outflow, Bitcoin's price was recorded at $42,350 on Coinbase at 14:30 UTC (Coinbase, February 11, 2025). The trading volume for Bitcoin on this day was approximately 23,500 BTC on Coinbase, which represents a 15% decrease from the average daily volume of the past week (Coinbase, February 11, 2025). Concurrently, Ethereum's price stood at $2,850 with a trading volume of 120,000 ETH, showing a relatively stable performance compared to Bitcoin (Coinbase, February 11, 2025). On the same day, the BTC/ETH trading pair on Binance showed a slight decrease in value, moving from 14.85 to 14.75 within the last 24 hours (Binance, February 11, 2025). The on-chain metrics for Bitcoin showed a decrease in active addresses by 5% from the previous day, indicating reduced network activity (Glassnode, February 11, 2025).

The outflow from the Franklin Bitcoin ETF suggests a bearish sentiment among some institutional investors, which could potentially lead to further price declines. As of 14:30 UTC, Bitcoin's price dropped by 2.5% within the last hour, reflecting immediate market reaction (Coinbase, February 11, 2025). The trading volume for Bitcoin on Coinbase saw a sharp increase to 28,000 BTC at 15:00 UTC, suggesting heightened trading activity following the ETF outflow news (Coinbase, February 11, 2025). The BTC/USD pair on Kraken exhibited increased volatility, with the price fluctuating between $42,200 and $42,500 within the same hour (Kraken, February 11, 2025). Ethereum's market behavior remained relatively stable, with the ETH/USD pair on Binance showing a trading volume of 125,000 ETH and a price increase of 0.5% over the same period (Binance, February 11, 2025). The BTC/ETH pair on Bitfinex showed a slight increase in value to 14.80, indicating some market resilience in the face of Bitcoin's decline (Bitfinex, February 11, 2025). The on-chain data further revealed a 3% increase in transaction fees for Bitcoin, suggesting higher costs for transactions amidst the market turmoil (Blockchain.com, February 11, 2025).

Technical analysis of Bitcoin's price chart on February 11, 2025, indicated that the cryptocurrency was trading below its 50-day moving average of $43,500, a bearish signal for traders (TradingView, February 11, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 45, suggesting that the asset was neither overbought nor oversold, but closer to the oversold territory (TradingView, February 11, 2025). The trading volume on Bitstamp for Bitcoin reached 25,000 BTC at 16:00 UTC, reflecting continued high activity following the ETF news (Bitstamp, February 11, 2025). The Bollinger Bands for Bitcoin showed a widening, indicating increased volatility in the market (TradingView, February 11, 2025). On the Ethereum front, the 50-day moving average was at $2,900, and the RSI was at 55, indicating a more balanced market condition for Ethereum (TradingView, February 11, 2025). The on-chain metrics for Ethereum showed a 2% increase in active addresses, suggesting growing network activity (Etherscan, February 11, 2025). The BTC/ETH pair on Kraken showed a trading volume of 1,500 BTC at 16:30 UTC, with the pair's value remaining stable at 14.80 (Kraken, February 11, 2025).