Bitcoin Faces $34 Billion Sell Pressure as ETF Outflows Rise
- Increased Market Sell Pressure: Recent inflows of 18,000 BTC and outflows of 16,000 BTC have generated approximately 34,000 BTC in sell-side pressure, indicating a trend among investors to convert Bitcoin into liquid assets, which may lead to further price declines.
- Declining ETF Trading Volume: Daily trading volume in ETFs has fallen below $20 billion, significantly down from over $50 billion at the end of 2025, suggesting waning speculative demand in the short term and that current rallies lack sufficient buyer support.
- Derivatives Market Changes: Total open interest in Bitcoin has decreased from 268,000 BTC to 250,000 BTC, then slightly rebounded to 254,000 BTC, reflecting a wave of “short covering” that adds upward price momentum as investors close positions to avoid losses.
- Falling Funding Rates: Funding rates in the futures market have dropped from 0.008% to 0.0026%, indicating a reduction in overly bullish positions, and while short-term sell pressure is easing, renewed capital inflows are essential for a sustainable rally.
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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 7 technical signals, shows that 3 indicators are flashing buy, while 4 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 | 70663.705 | 72476.653 | 74574.105 | 76387.053 | 78484.505 | 80297.453 | 82394.905 |
| Fibonacci | 72476.653 | 73970.425 | 74893.28 | 76387.053 | 77880.825 | 78803.68 | 80297.453 |
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