Bitcoin ETFs See $3.45 Billion in Net Outflows Over 11 Days Amid Market Turmoil
- Sustained Outflows: U.S. spot Bitcoin ETFs recorded $483.8 million in net outflows on Monday, extending their losing streak to 11 consecutive days, with total outflows reaching $3.45 billion, reflecting investor concerns over market sentiment.
- Bitcoin Price Decline: Bitcoin fell below $71,000, hitting a low of $70,200, and was down 3.6% over the previous 24 hours, exacerbating market fragility as investors reduced exposure to risk assets.
- Leveraged Liquidations: Following Bitcoin's breach of key support levels, over $388 million in leveraged long positions were liquidated, adding fresh supply to the market and intensifying downward pressure on prices.
- Geopolitical Impact: Heightened tensions between the U.S. and Iran have diminished investor confidence, leading to increased risk aversion and accelerated capital outflows from digital assets, resulting in a more cautious market sentiment.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 1 indicators are flashing buy, while 6 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.549 | 1.687 | 1.847 | 1.985 | 2.145 | 2.283 | 2.443 |
| Fibonacci | 1.687 | 1.801 | 1.871 | 1.985 | 2.099 | 2.169 | 2.283 |
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