Glassnode: US Bitcoin ETFs Post $696M Outflows

Glassnode flagged that US spot Bitcoin ETFs posted $696M in net outflows on Friday, the largest single-day exit since January and one of only three such events over the past year, with prior instances followed by further price weakness.

BTC trades at $74059.93 inside the Bollinger Bands on the 4h chart, with the upper band at $76706.44 acting as immediate resistance while the lower band at $73786.36 offers short-term support. The structure remains bearish as price sits below both the EMA50 at $76343.37 and EMA200 at $79672.52, while MACD at -612.44 confirms the death cross and RSI at 37.91 stays neutral without oversold conditions.