Grayscale GBTC: Records $17.5M Outflow | Flash News Detail | Blockchain.News
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4/21/2026 10:27:00 PM

Grayscale GBTC: Records $17.5M Outflow

Grayscale GBTC: Records $17.5M Outflow

Grayscale's GBTC Bitcoin ETF posts -$17.5 million daily flow amid BTC price at $75,836, signaling ongoing crypto market trends and potential BTC price prediction shifts.

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Grayscale's GBTC Bitcoin ETF logged a daily outflow of -$17.5 million, as reported by Farside Investors, highlighting persistent selling pressure in spot Bitcoin ETFs over the past six months. This move aligns with broader crypto market trends, where institutional outflows have weighed on BTC sentiment, even as hype around assets like TAO builds in decentralized AI sectors.

Zooming into the 4-hour BTC chart, price action at $75,836.89 holds firm above the bullish confluence of the EMA50 at $74,866.55 and EMA200 at $72,147.52, acting as dynamic support floors that have capped downside in recent months. Yet the MACD screams bearish with a death cross at 161.3, clashing against a neutral RSI of 52.64—expect volatility to spike as BTC probes the upper Bollinger Band resistance at $76,721.32, potentially exhausting buyers before a dip to the lower support at $74,237.09 clears the path for renewed upside in this choppy crypto market crash recovery phase.


Farside Investors

@FarsideUK

Farside Investors is a London based investment management company. Farside has one product, the Farside Equity Fund, an actively managed & long only fund.