Bitcoin sees $773M in ETF outflows: BTC remains under pressure

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Bitcoin drops 0.4% to $80,263 today

Highlights

U.S. spot Bitcoin ETFs saw outflows of $773.5 million over two sessions, reducing institutional spot demand and market liquidity.
Despite recent withdrawals, the five-day net balance for spot Bitcoin ETFs remains positive at $301.2 million, showing aggregate positions are still intact.
BTC/USD trades below key short-term averages with technical indicators signaling selling pressure, and a projected trading range of $78,993 to $81,532 over the next 2 to 3 days.

Institutional spot ETF outflows curb demand despite net-positive inflows

Recent data from Crypto shows that U.S. spot Bitcoin ETFs experienced significant outflows, with investors pulling approximately $773.5 million across the last two trading sessions. This withdrawal reduces institutional spot demand and can weigh on market liquidity, influencing price direction. However, the five-day balance for these ETFs remains positive by about $301.2 million, providing some counterbalance and indicating that aggregate positions have not fully unwound.

Downside momentum prevails as key support holds and indicators weaken

On the technical front, BTC is trading below its MA-20 at $80,326 and MA-50 at $80,508 on the one-hour chart, while remaining above its MA-200 at $72,989 on the daily timeframe. The Ichimoku Kijun level at $80,201 acts as immediate support for the current session. Among indicators, momentum readings are negative: both MACD and ADX flash sell signals, and RSI sits at 39.43, showing continued weakness. CCI and Bull/Bear Power are in oversold territory, hinting at prevailing downside, while Stochastic RSI signals a potential short-term buy, underscoring the possibility of a technical bounce against broader selling momentum.

Consolidation risks tilt toward downside within defined volatility range

Looking ahead, BTC is expected to trade within a typical volatility band of $78,993 to $81,532 over the next several sessions. Probabilities favor further downside movement at 59%, compared to a 41% chance for an upward reversal. The baseline scenario sees BTC consolidating within this corridor; a bullish breakout would require a clear move above resistance, while renewed selling could accelerate if price closes below support at $78,993.

Anton Kharitonov, expert at Traders Union, believes current Bitcoin price action reveals underlying caution. He notes that large ETF outflows highlight weakened institutional sentiment and pressure on liquidity. Technical signals remain defensive, with momentum and indicators skewed to the downside. "As long as strong selling persists and BTC holds below key moving averages, I remain cautious and in no rush to buy."

Previously, analysts noted that Bitcoin ETF inflows had shown signs of stabilizing, but that pronounced market swings and leverage continued to pose risks to sustained upside. The latest data highlighting significant outflows from U.S. spot Bitcoin ETFs now adds renewed pressure to liquidity, making the $78,993 support level a critical threshold to watch for potential acceleration of downside momentum.

Source of Data: BTC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.