Spot Bitcoin ETFs See $782 Million Outflow During Christmas Week
- Continued Outflow Trend: During Christmas week, US spot Bitcoin ETFs experienced a total outflow of $782 million, extending a six-day withdrawal streak, with analysts attributing this primarily to seasonal factors rather than a decline in institutional interest.
- Single-Day Outflow Peak: On Friday, the outflow peaked at $276 million, with BlackRock's iShares Bitcoin Trust seeing nearly $193 million exit, indicating a short-term loss of confidence in the fund.
- Decline in Total Assets: By Friday, total net assets held by US spot Bitcoin ETFs fell to approximately $113.5 billion, down from over $120 billion earlier in December, reflecting a cautious investor sentiment in the market.
- Future Liquidity Expectations: Despite the current outflow challenges, analysts expect inflows to rebound in early January as institutional investors return, and potential changes in monetary policy may further support ETF demand.
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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 5 technical signals, shows that 3 indicators are flashing buy, while 2 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 | 66797.684 | 70053.767 | 72960.654 | 76216.737 | 79123.624 | 82379.707 | 85286.594 |
| Fibonacci | 70053.767 | 72408.022 | 73862.482 | 76216.737 | 78570.992 | 80025.452 | 82379.707 |
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