Bitcoin ETFs See $3.45 Billion Outflows Over 11 Days Amid Geopolitical Tensions

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

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Sustained Outflows: Bitcoin ETFs have recorded cumulative net outflows of $3.45 billion over 11 consecutive trading days, with $483.8 million withdrawn on Monday alone, reflecting heightened investor concerns amid escalating geopolitical tensions.
Fund Performance Divergence: BlackRock's IBIT accounted for the majority of Monday's outflows at $440.3 million, while Morgan Stanley's MSBT was the only fund to attract new capital, adding $6.14 million, indicating a divergence in market sentiment among different funds.
Increased Market Pressure: Bitcoin fell below $71,000, hitting a low of $70,200 and down 3.6% over the previous 24 hours, while the first Bitcoin sale by Strategy weakened market confidence, leading to increased defensive positioning among traders.
Forced Liquidations: As Bitcoin broke through key support levels, derivatives traders faced forced liquidations, with over $388 million in leveraged long positions wiped out, exacerbating downward pressure on the market and leaving traders struggling to find support.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 5 indicators are flashing buy, while 5 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	61442.464	65573.882	69817.164	73948.582	78191.864	82323.282	86566.564
Fibonacci	65573.882	68773.017	70749.447	73948.582	77147.717	79124.147	82323.282

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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