VanEck: Bitcoin ETF Records $11.7M Outflow

VanEck (HODL) recorded a $11.7 million Bitcoin ETF outflow on June 26, extending recent pressure on spot products and adding to the impact of spot Bitcoin ETF outflows on BTC price.

BTC sits at $58684.74 on the 4h chart, locked in a bearish trend below the EMA50 at $62590.23 and EMA200 at $67410.5. The MACD death cross at -1117.05 confirms downside momentum while RSI at 30.24 hovers near oversold territory. Price remains inside the Bollinger Bands, testing the lower support at $58412.96 with upper resistance at $64791.39. A breach of the lower band would accelerate selling toward the next confluence zone.