Spot Bitcoin ETFs: $1 Billion Outflow This Year

Omkar Godbole flagged spot bitcoin ETFs down over $1 billion this year, citing zero demand for directional bets or carry trades.

Bitcoin trades at $68552.31 on the 4h chart inside a bearish structure defined by EMA50 at $74275.61 and EMA200 at $78556.82. RSI at 16.93 marks deep oversold conditions while MACD prints a death cross at -1526.53. Price tests the lower Bollinger band support at $68817.78, creating short-term volatility exhaustion that could force a relief bounce toward the $74275.61 EMA50 before any sustained downside continuation resumes.