Grayscale: Bitcoin ETF Records $60.8M Outflow
Grayscale GBTC posts -60.8 million Bitcoin ETF flow as BTC trades at $60674.73 with RSI at 23.54 oversold on 4h chart.
SourceAnalysis
Grayscale recorded a -60.8 million Bitcoin ETF daily flow on June 5 2026, continuing the pattern of GBTC outflows that shaped BTC price action over the past year.
Price sits at $60674.73 inside a bearish structure with EMA50 at $68061.75 and EMA200 at $74068.27 acting as resistance. RSI(14) at 23.54 signals oversold conditions while MACD death cross at -2490.93 confirms momentum weakness. Bollinger bands place short-term support at $59615.61 and resistance at $68509.32. Traders watching impact of GBTC ETF outflows on Bitcoin price note that sustained selling pressure could test lower band support before any relief rally in BTC price prediction models.
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