US Spot Bitcoin ETFs Face Major Outflows Amid Market Uncertainty

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 52 minutes ago

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Outflow Magnitude: On Monday, US spot Bitcoin ETFs experienced a total net outflow of $648.6 million, marking the largest single-day outflow since January 29, indicating a short-term flight from risk in the market.
Fund Performance: The largest outflow was seen in BlackRock's IBIT fund, which faced a net outflow of $448.3 million, followed by Ark & 21Shares' ARKB fund with $109.6 million, reflecting institutional investors' profit-taking behavior amid uncertainty.
Market Reaction Analysis: Bitcoin's price fell below $77,000 over the weekend due to escalating US-Iran tensions and rising oil prices, which fueled inflation concerns and made risk-free returns more appealing to investors.
Liquidity Trend: Despite short-term volatility, the increase in market capitalization of stablecoins like USDT and USDC suggests that liquidity could shift back into buying activity during a pullback, with analysts maintaining a bullish medium-term outlook.

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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 9 technical signals, shows that 5 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	69665.853	72858.427	76094.173	79286.747	82522.493	85715.067	88950.813
Fibonacci	72858.427	75314.045	76831.128	79286.747	81742.365	83259.448	85715.067

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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